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.
Sonnenblick-Eichner Lines Up $92M Refi for Hotel Portfolio
Working on behalf of LodgeWorks, the firm has secured funds for two Hyatt House properties, a Hilton Garden Inn and a boutique Archer Hotel.
Record-Breaking Colony-NorthStar Merger Closes
The real estate and investment management company has $58 billion in assets under management.
Holtec Int’l Makes $312M Move in New Jersey
The energy-tech company is about to relocate to its new 600,000-square-foot plant in Camden, N.J.
Events DC Unveils Redevelopment of RFK Stadium
The new design will bring multi-purpose fields, a market hall and a recreation complex.
Stockholders Approve New York REIT Liquidation Plan
NYRT will use a $760 million facility from Credit Suisse to repay previous debt, purchase Worldwide Plaza and fund the REIT’s dissolution.
Historic VA-Leased MOB in Baltimore Sells
The medical office building in the Lexington Market/Inner Harbor area of Baltimore sold for nearly $180 per square foot.
Hines Cashes Out Nicely on Seattle Data Center
Hines Global REIT sold KOMO Plaza for about $276 million to a San Francisco-based buyer.
Colony-NorthStar Merger Wins Stockholder Approval
The companies expect to close the merger next month.
Vornado Scores Big at Vintage Manhattan Building
A refinancing yields $192 million in proceeds for the REIT.
Hotel REIT Buys 3 Embassy Suites in Buckeye State
The properties in Columbus, Cleveland and Cincinnati total 782 guestrooms and traded for a combined $124 million.