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.
Life House Secures $100M in Equity Capital
The funding from Blue Flag Partners is expected to enable the lifestyle hotel brand and management company to substantially expand its portfolio.
Shorenstein Sells San Jose Office Campus for $128M
The company acquired the asset in 2015 and invested $30 million in a capital improvement program. The property was fully leased at the time of sale.
Converted Brooklyn Creative Office Receives $205M Refi
Newmark Knight Frank arranged the floating-rate loan for the refinancing of the historic—and recently repositioned—building on the East River in DUMBO.
US Jobs Picture Holds Steady
While several of the big-picture numbers hardly budged, total nonfarm employment rose, with substantial gains seen in professional and business services, health care, and transportation and warehousing.
Opportunity Zones Attract Serious Money
Though estimates of the total capital inflows cover a wide range, even the numbers near the lower end—$100 billion—are big enough that they’re starting to affect CRE pricing.
Denver-Area Hotel/Convention Center Lands $800M Refi
The loan package covers a potential expansion of the $795 million Gaylord Rockies Resort & Convention Center in Aurora, Colo., which opened in December 2018.
EQ Office Grows Seattle Footprint in $1.2B Deal
The company acquired two 1980s-vintage, Class A office towers and plans to reposition them. The move more than doubles the firm’s square footage in city.
Newmark Knight Frank Arranges 200 KSF Lease in NJ
The tenant at the industrial property in Parsippany is Vitaquest International, a manufacturer of nutraceuticals, which will use the facility for both production and distribution.
KKR Buys 566 KSF Multi-State Industrial Portfolio
By acquiring the five facilities in Baltimore, San Diego and Huntington Beach, Calif., the company grew its industrial portfolio to 8 million square feet nationwide.
CTP to Receive $2B for Czech Industrial Portfolio Refi
Czech developer CTP has reached an agreement with multiple lenders, marking the largest real estate transaction in Central and Eastern Europe this year.