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.
Hines Sells San Diego Office Campus for $525M
La Jolla Commons, situated in the University Town neighborhood, includes a pair of Class A towers totaling 724,000 square feet, as well as the potential for further development.
ACORE Capital Closes $556M Debt Fund
Along with its closing of $2 billion in separate accounts capital, the company now has a combined incremental lending capacity of up to $7 billion.
ULI White Paper Guides Sustainability Over Entire Property Cycle
A new document from the institute’s Greenprint Center for Building Performance sets out 11 steps for greater environmental sustainability—from property acquisition to getting ready to sell.
Colony Capital Completes $1.5B Refi With Assist From Ventas
The refinancing of $1.7 billion in consolidated debt in Colony’s health-care segment includes a $490 junior tranche provided by Ventas. The loan’s collateral comprises 158 health-care properties.
Bulls Outnumber Bears in CRE C-Suites
Though it acknowledges a wide variety of obstacles and headwinds, Akerman’s annual survey indicates a perhaps surprising degree of optimism among executives.
RioCan to Acquire Full Ownership of 1 MSF Toronto Mixed-Use Asset
The deal consolidates the company’s ownership of Yonge Sheppard Centre while also giving the seller, KingSett Capital, a $75 million stake in the investment trust.
Capstone Partners Lands $155M for Seattle Office Project
One Esterra Park, a 245,000-square-foot Class A building, will be the latest piece of the company’s 3 million-square-foot Esterra Park mixed-use development in Redmond, Wash.
Agave Holdings Lands $100M Loan for Metro Miami Project
The financing covers the initial phase of The Plaza Coral Gables, the first large mixed-use development in Coral Gables, Fla., which will comprise office, multifamily and retail space.
Denver Trophy Tower Lands $220M Loan
HFF worked on behalf of Hines and its equity partner to secure the permanent financing for 1144 Fifthteenth St., the city’s first high-rise office development in more than 30 years.
East Bay Office Asset Sells for $115M
CIM Group was the seller of the 10-story Class A building, which last traded more than a decade ago as part of a portfolio deal.