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.
HHM Buys Atlanta Airport Hotel
The 220–guestroom asset is the buyer’s first DoubleTree property—but not its first Hilton—and its sixth at a major airport.
$2.6B Encore Boston Harbor to Open in June
Believed to be Massachusetts’ largest project ever completed in a single phase, Wynn Resorts’ development will feature a 671-key hotel and a casino with 3,000 gaming positions.
Blackstone’s Conversion Earns Favorable Reviews
Observers respond favorably to the company’s decision to convert from a publicly traded partnership to a corporation.
Austin Office Project Lands $123M Construction Loan
HFF has arranged the financing for Stream Realty Partners’ 15-story RiverSouth development, just south of the city’s central business district.
MRP Realty Recapitalizes Downtown Philadelphia Portfolio
The company has partnered with Goldman Sachs to refinance a collection of three office buildings and a large parking garage.
Pier 57 Owners Obtain $375M Refi
RXR and Youngwoo are the recipients of the refinancing package, as they move to complete the renovation of the Manhattan property, with Google as their prime tenant.
It’s Yield vs. Caution in New Investor Intention Survey
Investors are caught between the pursuit of yields and the realities of a late-cycle market, all overshadowed by macroeconomic worries, CBRE reports.
Bain Capital Sells Boston-Area Life Science Asset for $128M
Located in Cambridge, Mass., the property is close to both Harvard and the Massachusetts Institute of Technology.
Coworking Checks Into Hotels
Multiple hospitality brands are exploring how shared work spaces might strengthen community ties and bring in additional revenue. Why not? Many lobbies are already de facto offices.
sbe, Byzantine Team on Downtown Detroit Mixed-Use
The $72 million project will redevelop a nearly century-old, 190,000-square-foot office building into a 100-key hotel, plus 70 residential units. The property reportedly will be the first hotel in Detroit’s Cass Corridor.