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.
Marriott Breaks Ground on $600M HQ Campus
The Bernstein Cos. and Boston Properties are developing the project, which will bring both the hospitality company’s headquarters office and a Marriott hotel to downtown Bethesda, Md.
Banner Oak Closes 2 Funds Totaling $800M
The Dallas-based company’s latest investment vehicles are intended to provide equity capital to real estate operating platforms at both the enterprise and property levels.
Skanska to Build $188M Hollywood Hospital Addition
The new acute care services building for CHA Hollywood Presbyterian Medical Center, along with other upgrades and renovations, will total roughly $291 million upon completion in 2020.
Largest US Passive House Office Project Coming to Chicago
Just around the corner from Google’s new Midwest headquarters, the upcoming 12-story building is scheduled for completion in the first quarter of 2020.
Silicon Valley Build-to-Suit Office Project Lands $150M Loan
Broadreach Capital Partners’ property is fully leased to tech giant Google. HFF brokered the permanent funding from a major retirement fund.
Westgate Resorts Buys Vintage Manhattan Hotel
The historic 300-key hotel in Tudor City, near Grand Central Station, has been rebranded as the Westgate New York City. It’s the company’s first acquisition in a major city.
FRM Associates Buys LA-Area Office/R&D Campus
NKF Capital Markets brokered the deal on behalf of the sellers, Platform Ventures and PMRG. The 574,000-square-foot property has long been home to aviation and defense companies.
Rockpoint Group Buys 5-Building OC Office Asset
This transaction marks the largest office sale this year in Orange County for NKF Capital Markets, which represented the seller of the 479,450-square-foot property in Aliso Viejo, Calif.
Vornado to Exit Troubled Kushner Building in NYC
Kushner Cos. will buy out Vornado Realty Trust’s nearly one-half interest in the 666 Fifth Ave. office condominium, as a sale of a similar stake to another mega-investor reportedly is pending.
Kogut Commercial, Mittman Break Ground on TX Medical Office
The Class A property in San Marcos is already more than one-third preleased and will join a wide variety of other development projects in the fast-growing city.