Transformative change in the way that deals are financed will come from private finance companies, not the banking industry, says Sabal Capital Partners' Jason Pendergist.

"The sale of Elmsford Distribution Center serves as a significant milestone in our plan to strategically consolidate the Mack-Cali portfolio," says Michael J. DeMarco, CEO of Mack-Cali.

The purchase by RREEF is meant to strengthen the REIT's holdings based on sector, geography and tenant base.

If you are looking for predictions for 2019 for the commercial real estate market, you aren't alone. From industrial markets continuing to sizzle to apartment rents remaining moderate, here are a few predictions for the new year.