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.
Easterly Government Properties Buys FBI’s New Orleans Office
The 137,679-square-foot building, which houses the government agency’s field office in New Orleans, was built for the FBI 20 years ago.
Starwood REIT Buys Jacksonville Office Portfolio for $231M
In a joint venture with affiliates of Vanderbilt Office Properties and Trinity Capital Advisors, the non-traded REIT acquired a 1.3 million-square-foot collection of Class A properties in Deerwood Park.
Unico Acquires Historic Seattle Waterfront Building
The purchase of the landmark 160,000-square-foot Colman Building brings the buyer’s portfolio of owned and managed properties in the area to 1 million square feet.
Harrison Street Buys Pricey MA Office, Lab Complex
The three-building Osborn Triangle property in Cambridge is adjacent to MIT, fully leased and anchored by two powerhouse pharma companies and an incubator for life sciences and biotech startups.
Bentall Kennedy Pays $450M for Montreal Trophy Tower
In a deal with Oxford Properties and Public Sector Pension Investment Board, the Toronto-based company acquired a 1 million-square-foot office asset in the city’s downtown.
ICP Buys Former Sears Distribution Center in Metro Columbus
Citing substantial demand, the Ohio-based developer plans to subdivide the 570,000-square-foot property, which is fully equipped with conveyors and racking.
World’s First Winery to Earn LEED Silver for Entire Facility
The property, located in Garzón, Uruguay, features substantial energy capacity from wind and photovoltaic systems, as well as a green roof.
Only Ripples Likely From Next CMBS Maturity Wave
A new Morningstar report indicates that relative to the last big surge of maturities, between 2015 and 2017, the upcoming one will see a higher rate of on-time payoffs.
Keystone Arranges $36M for San Diego County Flex Buildings
The four buildings add to buyer RAF Pacifica Group’s portfolio. Almost all purchases were renovated within the past two years and are fully occupied.
Wexford Buys DoubleTree Near Nashville Airport
HREC arranged the sale of the 138-key all-suites hotel, which provides quick access to both downtown and Opryland. Hospitality Ventures Management Group was the seller.