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.
NKF Reports Emerging Trends in Workplace Strategy
Approaches to maximizing the effectiveness of office space have been influenced by the need to plan for variety and flexibility, to appeal to a multi-generational workforce.
Omni Opens $300M Hotel in Kentucky
The tallest lodging destination in Louisville comes online as the city looks forward to the reopening of the Kentucky International Convention Center this summer, following a $180 million expansion.
TSG Group’s New Platform Buys Downtown Indy Tower
Black Salmon, the company’s recently launched CRE investment vehicle, has acquired BMO Plaza, a 444,644-square-foot, 28-story Class A office building in Indianapolis’ central business district.
Abbey Nails Down $229M Bridge Funding on Retail Portfolio
Represented by law firm Sklar Kirsh, the company recapitalized a 27-property portfolio in California. The assets total 2.1 million square feet of space scattered across Los Angeles, Orange, Riverside, San Bernardino, Fresno and Kern counties.
Chicago’s Historic Wrigley Building Could Be Up for Sale
The owners, a group that includes Zeller Realty and BDT Capital Partners, have something to chew on, since the iconic Mag Mile office property may fetch more than $200 million.
Park Hotels & Resorts Sells Off $317M in Non-Core Assets
The publicly traded lodging REIT—a spinoff of Hilton Worldwide—divested 11 properties, mostly overseas, significantly reducing its exposure in international markets.
Retail Property in Luxe Ski Town Trades for $28M
Florida-based Consolidated-Tomoka’s acquisition of an Aspen, Colo., property coincided with the execution of a 20-year, triple-net master lease.
Hyatt to Shed 3 Properties in $1B Deal
The sale of Grand Hyatt San Francisco and two resorts to Host Hotels is tied to the company’s sell-down and asset-recycling programs. Hyatt will continue to manage all three assets.
Metro LA Office Campus Changes Hands for $47M
SteelWave sold The Arbors, in Thousand Oaks, to Felton Properties. In less than five years, the four-building asset has gone from an REO near-foreclosure to a major renovation.
Northwood Buys NYC Office Tower for $305M
The seller, Chinese conglomerate HNA Group, reportedly faces a looming liquidity crisis and is looking to dispose of $16 billion in assets worldwide.