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.
California Military Department’s $135M HQ Breaks Ground
Walsh Construction Co. II and Stantec have teamed up to build the 285,000-square-foot, zero-net energy campus in Rancho Cordova, near Sacramento.
JV Buys Class A Office in Downtown DC
Following the $100 million acquisition, DSC Partners and Wafra Inc. intend to reposition the 178,000-square-foot asset with a $5 million upgrade program.
Prologis to Acquire DCT Industrial Trust for $8.4B
The transaction reportedly will strengthen Prologis’ presence in core, high-growth U.S. warehouse/distribution markets and generate significant synergies and cost savings.
Sterling Bay Nails Down $181M Loan for Chicago Tower
The Class A office project continues the company’s streak of high-profile deals on the city’s Near West Side, including acquisitions, new developments and adaptive-reuse projects.
Tax Changes Hike Investor Optimism
The latest investor sentiment survey conducted by Marcus & Millichap highlights the benefits of the law’s new provisions, as well as what it left in place, and the upsides for multiple asset categories.
HTI Lands $119M Refi for MOB Portfolio
KeyBank arranged the long-term funding for a portfolio of 20 medical office buildings in a dozen states, expanding the REIT’s liquidity position by up to $33 million in net proceeds.
Chill Deal: Margaritaville Resort in South Florida Sells for $127M
KSL Capital Partners is the new owner of the 349-key flagship property, which will be managed by Davidson Hotels & Resorts.
Mack-Cali Sells 6-Building NJ Asset
Continuing its ongoing strategy of selling off non-core properties, Mack-Cali sold Horizon Center to another New Jersey-based company.
How Will Trade Tension Impact Labor Market, CRE?
Continued wage gains aren’t enough to balance concerns over a trade war with China that could slow economic growth.
Large Buildout Complete on 375 KSF Chicago Warehouse
Local company Principle Construction has finished substantial improvements for the tenant, which signed one of the largest recent industrial leases in the Chicago area.