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.
Caesars Unit Completes Spin-Off of Real Estate Business
The new VICI Properties entity debuts as an “experiential-asset focused” REIT and one of the nation’s largest owners of gaming, hospitality and entertainment destinations.
Grocery-Focused REIT Completes $1B Sponsor Buy
Phillips Edison’s transaction has created the largest REIT exclusively focused on grocery-anchored shopping centers. The new entity has an enterprise value of roughly $4 billion.
JLL Secures $96M for Philly Office Buy
In an unusual deal, Taconic Capital Advisors and Cohen Equities consolidated their ownership of a 13-story historic tower in the city’s Market East section.
Morgan Stanley to Buy Mesa West Capital
With more than $5 billion in gross assets under management, the Los Angeles-based lender will keep its name and will operate as a separate business unit.
Moody Closes National REITs Merger
Worth more than $450 million, the combined portfolio now includes 14 hotel properties with premier brands, most of which are located in Texas.
MOB REIT Gives Itself a Growth Spurt
In two separate deals, Physicians Realty Trust has agreed to acquire six medical office buildings for a total of $189.4 million.
Seagis Buys Warehouse Complex in Miami
With its latest acquisition, the company’s holdings include 10 million square feet of industrial buildings in South Florida, New Jersey and New York City.
Kayne Anderson Buys Sentio Healthcare for $825M
The REIT’s portfolio comprises 33 properties, including private-pay senior housing assets, skilled nursing facilities, medical office buildings and specialty medical properties.
Starwood, Trinity, Vanderbilt Sell Big in NC
The JV purchased a seven-property portfolio completed in the 1990s and early 2000s which is currently about 91 percent leased to a STEM-heavy tenant roster. HFF marketed the offering on behalf of the seller and procured the buyer.
Luxe Retail Project in DFW Metroplex Opens Phase II
The company partnered with Cassco Development to build the retail and office project, which is situated within the 270-acre Clearfork master-planned community.