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.
PEG Cos. Buys Multi-State Marriott Portfolio
The roughly $130 million deal encompasses more than 1,000 guestrooms in eight states. Cantor Commercial Real Estate provided the acquisition financing.
$300M Office Project Coming to Manhattan’s Midtown South
The 182,000-square-foot building, scheduled for completion in the second half of 2020, will replace a former hotel that was later converted to office use.
Binswanger Sells Minority Stake to Key Employees
A board comprising David Binswanger, Frank Binswanger, two employee investors and an independent director will now run the company.
Boston Office Asset Sells for $450M
Tishman Speyer’s property in the Seaport District changed hands for more than $1,200 per square foot, a record-breaking price for the metro.
CPPIB, Goodman Boost China Commitment to $5B
The $1.75 billion capital infusion will expand the partners’ logistics footprint in the country, with CPPIB allocating $1.4 billion and Goodman $350 million.
Ivanhoé Cambridge Plans $450M Industrial Project in Inland Empire
The company has purchased 150 acres for the construction of Colony Commerce Center, a 3 million-square-foot Class A complex to be developed by CapRock Partners.
MetLife, State Street Team Up in $2B Co-Lending Deal
The multi-year partnership marks State Street’s debut in CRE financing. The co-lending program will be targeting a variety of product types nationwide, including office, industrial, multifamily, retail and hospitality assets.
ARTIC Refinances 3 Luxury Hotels for $503M
The Qatari investor engaged HFF to source separate loans for the properties in New York, Miami and Washington, D.C. Mack Real Estate Credit Strategies was the lender on each deal.
Macquarie Investment Management to Relocate Philly HQ
The company has agreed to occupy 145,000 square feet at Keystone Property Group’s 100 Independence Mall West in the city’s CBD, with plans to move in by 2020.
Group RMC Lands $63M for Chicago Office Purchase
JLL Capital Markets arranged the loan through Morgan Stanley, to facilitate the company’s acquisition of a three-building Class A campus in the metro’s East-West corridor.