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.
Viking Partners Sells Metro Detroit Power Center
Cooper Commercial Investment Group negotiated the transaction of Chesterfield Village. Tenants at the 156,000-square-foot retail asset in Macomb County, Mich., include Target, Panera Bread and Applebee’s.
WeWork Inks 236 KSF Lease in New York City
The coworking giant’s lease makes up nearly a third of CIM Group’s 1440 Broadway. WeWork will also get a private entrance and lobby at the building.
MCR Acquires Baltimore-Area Homewood Suites
The 147-key hotel in Linthicum, Md., located near Baltimore-BWI Airport, recently underwent a multi-million-dollar renovation. MCR did not disclose the purchase price for the asset.
JV Sells $72M Long Island City Industrial Building
Less than two years after buying the asset, the joint venture between Metropolitan Realty Associates and TH Real Estate sold the property for a tidy profit.
Oxford Properties Acquires Australian Office Fund for $2.4B
The real estate arm of OMERS purchased 19 office assets in Sydney, Melbourne, Brisbane, Perth and Canberra from Investa Property Group. Oxford and Investa will manage the portfolio jointly.
Lease Term Key for Net-Leased, Bank-Occupied Assets
Such properties, if well-located and occupied by a credit tenant, remain attractive to investors even at this point of the cycle, Avison Young reports.
Lightstone Secures Construction Loan for FL Moxy Hotel
Canyon Partners Real Estate and CapitalSource provided an equity and debt package for the 202-key Moxy South Beach. This marks Canyon’s second investment with Lightstone.
Trinity Investments JV Buys Grande Lakes Orlando Resort
In a partnership with Elliott Management, the company paid a reported $900 million to purchase the 400-plus-acre property, which includes two hotels and a Greg Norman–designed golf course.
Cerberus JV to Repurpose Former Discovery Communications HQ
The partners bought One Discovery Place in downtown Silver Spring, Md., with plans to reposition the property once the building’s sole tenant relocates to New York City.
What Do Black Friday Figures Tell Us About Retail?
JLL’s Karen Raquet comments on sales performance and what this tells us about the next stage of the sector’s transformation.