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.
Walker & Dunlop Arranges Loan for GA Office
Owner-borrowers Praelium Commercial Real Estate and South Street Partners have received $44.3 million in financing for a four-building campus in Marietta.
Metro Miami Project Lands $126M Construction Loan
HFF arranged the funding for Uptown Boca, a $200 million retail-and-multifamily development in Boca Raton, which will consist of 456 luxury apartments and 171,800 square feet of upscale retail.
Taurus Sells Boston Burbs Office Building for $51M
A joint venture partnership is the new owner of One Newton Place, a four-story, 172,813-square-foot Class A property in Newton, Mass.
Rosewood Miramar Beach Opens Near Santa Barbara
The 161-key Montecito property is the first ultra-luxury resort in Southern California to feature guestrooms set directly over the sand, according to developer Caruso.
Downtown Brooklyn Office Gets $152M Refi
PCCP LLC has funded a senior loan for the recapitalization of a vintage Class A creative office property. The funding will also assist the owners with lease-up efforts.
Dual-Branded Marriott in Orlando Lands $42M Loan
Meridian Capital Group has arranged the construction financing for the property, which will include a 140-key Aloft Hotel and a 144-key Element. The funding package includes EB-5 capital.
Hilton Launches New Brand
Signia, which will kick off with three properties in as many major cities, will compete with the hospitality industry’s top meetings and events brands, while also targeting upscale leisure travelers.
Planned SF-Area Moxy Hotel Receives $50M in Equity Capital
An opportunity zone fund sponsored by EJF Capital provided the financing for the 173-key project in Oakland, Calif., which is being developed in conjunction with Tidewater Capital and Graves Hospitality.
CRE Market Conditions: It’s a Flat World
Little near-term change is expected for commercial real estate markets globally, in either investor sentiment or tenant demand, according to the latest RICS survey.
European Hotel Investment Hits Record Levels
Multiple cities are attracting robust capital flows to their hospitality sectors, CBRE reports. Of note, buyers from outside the continent are expanding their footprint.