Scott Baltic
Scott Baltic has been a contributing editor with Commercial Property Executive since 2011 and also wrote for its predecessor, Commercial Property News. He started writing about CRE in 1988 for a group of Chicago-based publications and in 1989 became the editor of Midwest Real Estate News. After moving on from there in 1991, Baltic continued writing occasionally about real estate, for publications like the Chicago Sun-Times, National Real Estate Investor, Urban Land, Shopping Center World and Architect’s Newspaper. He earned a master’s in journalism from Northwestern University’s Medill School of Journalism and has a bachelor’s from North Park University.
Realterm Closes Latest Fund at $370M
The company’s 10th fund will invest in high flow-through logistics properties across the U.S.
IQHQ Acquires Metro Boston Life Science Campus
The REIT expanded its presence in the area with the $35.9 million purchase of Innovation Park in Andover, Mass.
Microsoft Inks 500 KSF-Plus Office Lease in Atlanta
At one stroke, the company’s move fills all of Hines’ two-building Atlantic Yards project in the West Midtown neighborhood and brings 1,500 new jobs to the city.
San Diego Retail Asset Sells in 1031 Exchange
The buyer paid $22 million for the triple-net-leased property, while on the other side of the deal was the sale of a multifamily community in metro Los Angeles.
Aligned Expands Credit Facility to $575M
The larger instrument comes by way of a wider consortium of lenders and will help the data center provider keep up with demand.
NAIOP Finds Drop in CRE Confidence
The latest semi-annual Commercial Real Estate Industry Sentiment Index from NAIOP finds a notable uptick in pessimism from industry professionals.
Park Hotels & Resorts Revamps Credit Facilities
The giant hotel REIT has bolstered its financial situation, in part through extended maturities on its $1 billion line of credit.
Blue Ocean Lands Major Industrial Lease
A new tenant has agreed to occupy a portion of the company’s nearly 700,000-square-foot historic property in metro Baltimore.
CIM Group Launches New Fund
The new closed-end interval fund will pursue both real estate/infrastructure and commercial real estate credit investments.
Moody’s Forecasts Sharp Drop in Retail Rents
Reflecting first-quarter data, retail will be the hardest-hit commercial real estate sector, with a projected decline of 11 percent in effective rent by year’s end.