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.
CRE Lending Picks Up Speed
A midyear update on financing trends from CBRE Capital Markets. Brian Stoffers, global president of debt and structured finance, weighs in.
Oklahoma City’s $288M Convention Center Nears Completion
Situated across from a new public park, the facility will be connected to a parking garage via a skywalk.
Harwood Boosts Dallas Mixed-Use District With Office Acquisition
The purchase of Citymark, in a joint venture with partner Waterfall Asset Management, brings Harwood International’s master-planned neighborhood in Uptown to 19 contiguous city blocks.
RevPar Growth Slowest Since 2010
The U.S. hospitality sector seems to be sputtering at mid-year, with supply outpacing demand in multiple markets and most success stories coming from smaller, non-coastal metros, CBRE reports.
KBS Sells Raleigh Office High-Rise
The Class A asset last traded in 2013, when a joint venture that also included Kane Realty Corp. shelled out $98.4 million.
Net Lease Investors Hungry for Casual Dining
Necessity-based retail is more e-commerce resistant, and there is a positive outlook for chain restaurants and gyms.
KBS Sells South Florida Office Asset for $72M
Financial Center at the Gardens, a 10-story Class A building, is reportedly almost fully occupied. The asset last traded in 2015.
KBS Unit Sells $1.2B Office Portfolio
The sale of 11 Class A properties still leaves KBS Real Estate Investment Trust III Inc. with 20 assets valued at more than $3 billion.
Allied Properties Closes 2 Acquisitions in Montreal
The deal brings the Toronto-based company’s Montreal footprint to 5.6 million rentable square feet after nearly 15 years in the metro.
AXA Investment Managers Buys Into Trophy Oakland Office
AXA IM took the majority stake in 180 Grand, a 15-story tower in downtown Oakland, in a joint venture with the previous sole owner.