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.
Rockefeller JV Sells More Than 1 MSF at New Jersey Park
Cushman & Wakefield arranged the disposition of two industrial buildings—both fully leased to credit tenants—at Rockefeller Group Logistics Center in Piscataway, N.J.
Morningstar CMBS Outlook Suggests Soft-ish Landing
The ratings agency’s latest quarterly report cites multiple reasons why a CRE crash like the Great Recession’s does not seem to be in the cards.
AAM 15 Management Buys Embassy Suites in Maine
The company has acquired the 119-suite Embassy Suites by Hilton Portland. The buyer focuses on properties on the East Coast, particularly in New England.
San Diego Building Goes From Vaults to Vets
Voit Real Estate Services leased a former bank vault facility to the Veterans Administration, which will operate it as an outpatient clinic once renovations and a major addition are completed.
Hunt Capital Acquires Peak 8 Asset Management
The company calls the deal a strategic investment in the alternative fixed income market, Peak 8’s specialty.
Partnership Sells MOB on Chicago’s North Side
Stanton Road Capital purchased the five-story lakefront medical office building from CarVal Investors and Zeller Realty Group.
Georgetown University Buys Downtown DC Office Asset
In a nimble change of strategy, Office Properties Income Trust sold 500 First St. for $70 million rather than proceeding with a planned renovation of the soon-to-be-vacant building.
Platinum Eagle Completes $1.4B Merger
The new company, Target Hospitality, now holds a major portfolio of housing facilities serving the oil and gas industry, amounting to a 20 percent share of this niche market.
Manhattan Spec Office Gets $40M Construction Loan
HFF arranged the financing for the 10-story, 34,364-square-foot building. Construction is set to begin next month and the property is slated for completion in 2020.
Data Centers Hit Record Absorption
Northern Virginia continues to outperform other data center markets, racking up more than half of all U.S. leasing in 2018, according to a new report from CBRE.