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.
Opportunity Zones Program Takes a Step Forward
Recent IRS hearings aimed to clarify the new vehicle, which holds significant potential for investment in low-income communities across the U.S.
The Impact of Shopko’s Reorganization
Hoffman Strategy Group’ Jeff Green and JLL’s Tom Mullaney weigh in on the company’s Chapter 11 filing and possible outcomes for its stores’ current locations.
Shopko Outlines Post-Bankruptcy Footprint
Despite substantial store closures before the Chapter 11 filing, the restructured retail chain will maintain locations in 11 states, while its portfolio will drop to less than half of its previous size.
TF Cornerstone, MSD Partners to Redevelop Grand Hyatt NY
The companies are planning to demolish and redevelop the massive hotel adjacent to Grand Central Terminal and replace it with a 2 million-square-foot mixed-use destination.
Brookfield Pays $91M for Boston Office Asset
Nuveen sold the vintage 152,000-square-foot building in the city’s Seaport District. The new owner is set to reposition the property as a hub for creative and tech communities.
How Mobility Shifts Shape CRE
Cushman & Wakefield offers a deep dive into the impact of ridesharing, electric vehicles and self-driving cars on the real estate sector.
New Jersey Continues Warehouse, Logistics Surge
Even though the state hit a 17-year high for new industrial development, demand was voracious enough to more than offset it, as rents keep pace with massive absorption.
New Concerns Ahead for Economy, CRE
A new Integra Realty Resources report suggests that commercial real estate could get caught up in the volatility of the stock and commodities markets.
Vornado Completes $168M Manhattan Office Refi
The newly constructed 170,000-square-foot property in the Meatpacking District had been fully preleased before completion. Aetna took the office space, while the property also features one of the world’s largest Starbucks.
AJP Ventures, Mas Group to Break Ground on $40M MOB in Miami
MedSquare Health will be the first off-campus Class A medical office building to be developed in the metro’s Baptist Hospital submarket in more than 20 years.