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.
Woodbine Legacy Investments Pays $152M for LA DoubleTree Hotel
The new owner plans to spend as much as $35 million in renovations. The deal includes an adjacent site slated for office development.
E-Commerce Drives Largest Industrial Leases
A new report from CBRE shows that online retail is behind many of 2018’s largest distribution deals. Southern California’s Inland Empire tops the list with 14 transactions totaling 11.6 million square feet.
CRE Attracts Record $1.8T in Global Investment
Despite its continued strength, New York City drops out of the top five cities for global deals, while Hong Kong rises, according to a new Cushman & Wakefield report.
Downtown Miami Office High-Rise Commands $117M
Banyan Street Capital, Independencia Asset Management and Crocker Partners have sold the 33-story Brickell City Tower, in a deal facilitated by CBRE Capital Markets.
Big Leases, Coworking Power Metro DC’s Office Market
A new CBRE report illustrates the strength that large deals, mostly by governmental entities, and the ongoing surge in coworking space are bringing to the market.
George Smith Partners Assembles $106M for Spec Project in Phoenix
The 250,000-square-foot Class A office tower, along with 44,000 square feet of lifestyle retail, is part of The Watermark Tempe, a mixed-use project that Fenix Development is undertaking in Tempe, Ariz.
PCCP Funds $128M for OC Office Portfolio Purchase
The senior loan went to a joint venture of Angelo Gordon and Lincoln Property Co. for their recent acquisition of four properties totaling 540,000 square feet in Newport Beach and Irvine, Calif.
Choice Hotels Launches New Midscale Brand
Focused on conversions, the new Clarion Pointe extension is intended to meet the need for premium yet affordable select-service hotels.
Nearly $1.5B in CMBS Possibly at Risk from Hurricane Florence
Morningstar Credit Ratings has identified more than 180 securitized commercial mortgages on properties in North Carolina counties that have been declared disaster areas because of the storm.
NKF Capital Markets Secures Loan for Large Self-Storage Deal
The 22 facilities total more than 1 million square feet and are located in nine metros in Florida, Oklahoma and Texas.