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.

Pelli to Design M-U Building for Wall Street Church

Pelli Clarke Pelli Architects will design a 296,000-square-foot mixed-use development for Trinity Wall Street, the historic Episcopal parish in Lower Manhattan.

Time Equities Gets $398M to Start Manhattan High-Rise

Time Equities, of New York, has secured $288 million in construction financing for 50 West St., a 63-story residential condominium tower that will start construction in Lower Manhattan this fall.

JLL Buys Houston’s Means Knaus Partners

Jones Lang LaSalle has acquired Means Knaus Partners, a property management company headquartered in Houston with about 16 million square feet of office space under management, primarily in Chicago, Dallas, Denver, Houston, Los Angeles, Orlando and Tampa.

MetLife Extends $235M in Financing for 974 KSF Houston Office Building

The real estate investments department of MetLife has closed a $235 million loan secured by BG Group Place, a 973,800-square-foot office high-rise in downtown Houston, for a partnership advised by Invesco Real Estate.

Northwood Investors Buys Landmark Building in Lower Manhattan

Northwood Investors has purchased 100 Broadway, a 117-year-old, 24-story, 360,000-square-foot office building at Broadway and Pine Street in Lower Manhattan.

Harbor Group Sells Chicago Office Tower to Beacon for $113M

An affiliate of Harbor Group International has completed the sale, for $113 million, of 300 South Wacker Drive, a 35-story, 512,400-square-foot office building in downtown Chicago.

ING Sells $1.6B of CRE Loans to Wells Fargo

As part of the ongoing divestment of its U.S. commercial real estate lending business, ING Real Estate Finance (USA) has agreed to sell 29 CRE loans in the United States, with a total remaining balance of $1.6 billion, to Wells Fargo Bank.

Winthrop Snaps Up 4 Class A Apartment Buildings for $246M

Winthrop Realty Trust has agreed to buy four Class A luxury apartment buildings from ST Residential for an aggregate price of $246 million.

KTR Buys 543 KSF Industrial Project in Metro Dallas

An affiliate of KTR Capital Partners has closed on the acquisition of 600 109th St. in Arlington, Texas, a three-building, 543,000-square-foot project near State Highway 360 in the Lower Great Southwest submarket of Dallas.