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.
Ivanhoé Cambridge JV Buys Chicago Office Tower
The company and its partner, Callahan Capital Properties, paid $145 million to acquire the 576,000-square-foot high-rise at 125 S. Wacker Drive in the city’s West Loop neighborhood.
Morrison Raises $200M for Mezzanine Debt
The fund provides small-balance mezzanine capital, with investment balances typically ranging from $2 million to $10 million, to CRE market participants across diverse property types in the top 100 MSAs nationwide.
CCP, Sabra to Create Healthcare Giga-REIT
The combined company is expected to have an equity market capitalization of $4.3 billion and a pro forma market cap of about $7.4 billion.
BofA to Anchor Tower in Chicago’s West Loop
With construction slated to begin in the spring of 2018, Bank of America is expected to take almost 500,000 square feet at 110 N. Wacker Drive as soon as 2020.
Gramercy Europe, AXA Trade $1.1B Portfolio
The industrial, retail and office assets are primarily located in Germany and the Netherlands, with smaller footprints in France, Poland and the United Kingdom.
Mitsubishi Affiliate Launches First US Development Fund
Diamond Realty will use a total equity of $51 million to finance two multifamily projects in Texas and Colorado, as well as a logistics building in California.
Largest Hotel in PNW to Debut in 2018
The downtown Seattle hotel development boom continues with the upcoming 1,260-key Hyatt Regency Seattle, which is targeted for LEED Gold certification.
Kennedy Wilson, Euro-Affiliate to Combine Into $8.2B Entity
The transaction is expected to close during the third quarter of 2017. The deal will reportedly create a global portfolio of more than 400 properties with an enhanced geographic mix and broad diversification across real estate sectors.
Cooper Robertson Helms Drury University Campus Revamp
The private liberal arts college in Springfield, Mo., is initiating a campaign to fund new buildings and other improvements for the celebration of its 150th anniversary.
Optimism Improves Among CRE Execs, Despite Uncertainties
About 64 percent of real estate executives interviewed after the election say the Trump administration’s agenda will have a moderately or significantly positive effect on the industry.