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.
Retail Shows Surprising Resilience: IRR Report
Despite retailer bankruptcies and the onslaught of e-commerce, the retail real estate sector in most markets is in reasonably good shape, the analysis concludes.
Blackstone Rearranges Top Execs
Jonathan Gray has been named president & COO, as Tony James moves into the executive vice chairman slot. In addition, two longtime execs will co-head global real estate, the position Gray is vacating.
RCLCO’s Latest Chartbook Sees Few Clouds
The downturn looks to have been postponed yet again. Even though conditions are at—or near—peak, the report foresees no downturn this year.
Starwood Capital Buys Forestar Portfolio for $232M
The off-market acquisition included residential and commercial assets in high-growth markets throughout Texas, the Southeast and the Western U.S. The transaction follows an earlier bid by Starwood to purchase Forestar Group outright.
Terrafina Renegotiates $300M Credit Facility
The new facility extends maturity and includes lower interest rates. Credit amount will be lower, although it could increase.
US-EU Joint Venture Buys Mall in Madrid
Redevco Iberian Ventures took a majority stake in the Parque Corredor shopping center for $173 million. The retail center is the main shopping destination in Corredor del Henares, metro Madrid’s east corridor.
BKM Capital Completes Two Industrial Buys for $175M
Following a “largest in market” acquisition strategy, the company purchased more than 1 million square feet of multi-tenant space in Las Vegas and the San Francisco Bay Area.
Brooklyn Navy Yard Unveils $2.5B Expansion Plan
The project will add 5 million square feet of mostly manufacturing space, slated to create 10,000 new jobs and bring the Yard’s total to 30,000.
Coworking Expansion in NC Shows Sector’s Growth
Office Evolution’s opening of the Greensboro location—its second in the state—illustrates how coworking is both growing nationwide and expanding into smaller metros.
ASB Fund Sells DC Trophy Building for $144M
Masaveu Real Estate US, an affiliate of internationally diversified Spanish conglomerate Corporacion Masaveu S.A., is the new owner of the 900 G St., N.W., office property in the city’s East End.