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.
Cress Continues Western US Shopping Spree
With the $89.5 million purchase of a five-building Class A office portfolio in Cerritos, the Newport Beach-based company has made its fourth significant acquisition in the past 18 months.
Neema Hospitality Acquires 2 Pittsburgh-Area Hotels
Fairfield Inn & Suites Slippery Rock and Holiday Inn Express & Suites Pittsburgh SW bracket the city to the north and south. The company now owns 11 hotels across Pennsylvania, Maryland and West Virginia.
City Office REIT Expands in Metro Phoenix
The Quad, a 1982-vintage asset in Scottsdale, was recently redeveloped as a creative office campus. The property sold for $51 million.
Sterling Sells Metro Orlando Mall for $73M
AEW Capital Management is the new owner of the Center of Winter Park, which had been extensively renovated and re-tenanted over the past five years.
Dollar Stores See Rising Cap Rates
The latest report from The Boulder Group attributes rising cap rates in part to a drop in the average remaining lease term at some stores. Meanwhile, institutional investors continue to lose interest in the sector, which nonetheless remains healthy.
Sale of Hyatt Centric Santa Barbara Closes
Chesapeake Lodging Trust sold the 200-key property to an undisclosed buyer after a five-year hold, during which the countywide hospitality market has thrived.
Thyssenkrupp Goes Big, Tall With $200M HQ in Atlanta
The “urban mobility” company’s new complex will house at least 900 employees and will include a high-rise elevator test tower, all near SunTrust Park, home of the Atlanta Braves.
P3RE Gets $149M Refi for San Diego Campus
HFF arranged the loan for Genesis Campus Point, a three-building Class A life-sciences campus that totals more than 300,000 square feet.
MCR Expands Northeast Hospitality Portfolio
The New York-based company acquired a 160-key Hilton Garden Inn near the T.F. Green International Airport in Warwick, R.I.
Sterling Org. Closes Fund With $495M in Commitments
With leverage, Sterling Value Add Partners III has roughly $1.3 billion in purchasing power, which will be aimed at retail centers nationwide.