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.
Hines REIT Seals $1.1B Deal with Blackstone
The REIT will sell an approximately 3 million-square-foot office portfolio to a Blackstone affiliate as part of its liquidation plan.
NSA Trust to Buy 29-Property Self-Storage Portfolio
The Colorado-based REIT is shelling out $190 million to acquire roughly 2.1 million square feet of self-storage space across the U.S.
O’Hare Airport to Get $350M Hotel Expansion
Three new hotel developments are set to sprout up near the airport by 2020.
Freddie Mac Sells Off $706M in Delinquent Loans
Four of the five pools were purchased by an affiliate of Lone Star Funds.
Brandywine, Drexel Unveil $4.5B Plan for Philly Transit Hub
The 35-year plan, centered on Amtrak’s 30th Street Station, is set to bring 18 million square feet of mixed-use development to downtown Philadelphia.
CyrusOne Buys Another Site in NoVa
The data center provider is expanding its Loudoun County presence.
Thor Seals $525M Manhattan Deal
A French billionaire has reportedly acquired a premier Fifth Avenue office and retail asset from Thor Equities.
Skanska to Build Ohio’s First Dolce Hotel
The 239-key Dolce Lifestyle Hotel and Conference Center at Madison Center Cincinnati is scheduled for completion in late 2017.
Walker & Dunlop to Buy $3.8B HUD Servicing Portfolio
The commercial mortgage servicing portfolio was sold by Oppenheimer Multifamily Housing & Healthcare Finance, a subsidiary of Oppenheimer Holdings.
NorthStar (x 2), Colony in Three-Way Merger
The resulting equity REIT will have $58 billion worth of assets under management across different property types.