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.
Pillar Financial to Acquire Cohen Financial by Year-End
In a deal that’s expected to close by year’s end, longstanding real estate capital services firm Cohen Financial will become part of Pillar Financial, an affiliate of Guggenheim Partners, Guggenheim announced Friday.
Reis 3Q Briefing Gives Reason for Optimism
“All indicators are pointing toward another year of recovery” was the optimistic bottom line of Wednesday’s Q3 2013 Capital Markets Briefing from Reis Inc., hosted by Reis senior economist Ryan Severino.
C&W Arranges $275M in Financing for Historic NYC Tower
Cushman & Wakefield served as the exclusive advisor to an affiliate of SL Green Realty Corp. in arranging a $275 million, seven-year senior mortgage loan for 220 E. 42nd St. in New York City.
Jay Paul Breaks Ground on San Francisco’s 181 Fremont Tower
Jay Paul Co. broke ground on 181 Fremont St., a 54-story, 684,000-square-foot residential and office tower near the Transbay Transit Center in San Francisco’s South of Market district.
SL Green Acquires Interest in Manhattan’s Embattled 650 Fifth Ave.
A joint venture between SL Green Realty and Jeff Sutton has acquired a 49-year leasehold interest covering the retail portion of 650 Fifth Ave., an office tower with decades-long ties to the Iranian government and now in legal limbo as a result.
Alliance Partners Buys 482 KSF Office Tower in Nashville from Parmenter
Alliance Partners has purchased Nashville City Center, a 482,400-square-foot, 27-story office building, from Parmenter Realty Partners.
Walker & Dunlop Launches CMBS/High-Yield Lending Platform
Walker & Dunlop and an affiliate of a fund managed by Fortress Investment Group have entered into a JV to form a CMBS lending platform that will provide financing for multi-family and other CRE properties nationwide.
CBRE Buys CB Richard Ellis Carmody to Expand Reach in Southeastern U.S.
Expanding its reach in the Southeast, CBRE Group has acquired CB Richard Ellis Carmody, a Charleston, S.C.–based CRE services firm that has been a CBRE affiliate since 1997.
Chatham Lodging Acquires Residence Inn in Suburban Seattle for $72M
Chatham Lodging Trust has acquired the 231-room Residence Inn by Marriott Seattle Bellevue/Downtown for a net cash price of $72 million, plus customary, pro-rated amounts and closing costs.