Industrial

AEW Capital Management of Boston acquired the portfolio's 28 Texas-based properties, while funds managed by The Blackstone Group of New York City purchased the portfolio's 68 properties located in 10 high-growth markets across the United States.

The mayor in her address outlined her administration's efforts to identify more than $100 million in savings and efficiencies over the first 100 days and the work that remains to balance next year's budget.

Foundation Capital Partners and Baker Development Corp. are building the class-A industrial facility in Goodyear, Arizona.

"Over the last decade, the environmental remediation industry has learned a lot about what SRRA covers and where it fell short," Richardson said. "This update to the legislation dots the i's and crosses the t's, directly pulled from our lived experience with the requirements."

MTB AMG is using the funding to relocate the company's headquarters and 160 jobs from Brooklyn to Newark.

The industrial rent growth through the first two quarters of 2019 was nearly double the national average for rent appreciation at 10.7% but slightly lower than growth for 2018, an all-time historical high.