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.
Microhotel Operator Opens Times Square Location
This marks the company’s fifth—and largest—property under the Pod flag. The 28-story building offers 665 guestrooms averaging about 115 square feet, as well as 45 suites.
In 2017, Marriott Became More International than Ever
The world’s largest hotel company signed contracts for a record 55,000 guestrooms in markets outside North America, mostly targeting Europe and Asia.
It’s Optimism by a Nose in Latest RCLCO Survey
An end-of-year survey finds that expectations remain positive, despite the state of the market cycle, as tax changes continue to loom.
Luxury Ski Resort in Utah Scores $60M Refi
The loan will also cover the facility’s expansion, which is expected to begin later this year or in early 2019.
DRA Advisors Sells Metro Atlanta Office Park
CBRE brokered the transaction and will retain leasing and management of the 1.2 million-square-foot asset, which includes 21 mid- and low-rise buildings along the I-85 corridor in Chamblee, Ga.
DTLA Creative Campus Lands $122M Financing
George Smith Partners and Dekel Capital arranged the equity-and-debt package for Urban Offerings and ESI Ventures. The sponsors will use the proceeds to develop a 250,000-square-foot Class A project in the city’s Fashion District.
Sonnenblick-Eichner Arranges $110M Refi for SF InterContinental
The loan for the upscale 550-key downtown hotel was funded by a Wall Street investment bank. The first mortgage could be part of a trend toward more refinancings in 2018.
How Did Office Employment Perform in 2017?
There are about the same number of non-labor force participants today as in 2007. The good news is, there are more jobs available today.
10 Most Active Warehouse Construction Markets
Industrial land prices have risen sharply in the past year, in response to demand for e-commerce fulfillment centers, according to a CBRE report.
Washington REIT Buys One, Sells One in Metro DC
The REIT agreed to acquire an office building in Arlington, Va., and inked a letter of intent to sell another in Washington, D.C.