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.
OHL Renews, Expands Space to 591 KSF in South Dallas
Ozburn-Hessey Logistics, one of the largest third-party logistics companies, has both expanded and renewed a lease in the third most populous city in Texas.
NYC’s Essex House Sells to Strategic Hotels for $362M
Strategic Hotels in a JV bought the famous Essex House Hotel in Manhattan’s Central Park South for a whopping $362 million.
Trammell Crow, Principal to Build Clean Manufacturing Center in L.A.
Trammell Crow and Principal Real Estate bought a 20-acre former Crown Coach site in downtown Los Angeles, where they will build the CleanTech Manufacturing Center.
Miami Residential Tower Changes Format, Developers
En V Brickell, a 35-story apartment high-rise, will rise above a lifestyle center in Miami’s Brickell District, following its purchase by three developers in a joint venture.
Amazon to Expand HQ—Again
Vulcan Real Estate is developing a sixth phase of Amazon’s campus in Seattle’s South Lake Union submarket.
Vulcan Expects Amazon Global HQ in Seattle to Sell Quickly
Vulcan Real Estate is selling Amazon’s South Lake Union headquarters, with plans to use the proceeds of the sale for ongoing development of its large land holdings in SLU.
LYND Buys M-F Portfolio with $200M Unpaid Principal Balance
By Scott Baltic, Contributing Editor LYND, of San Antonio, Texas, in partnership with Florida Value Partners, of Miami Lakes, Fla., has acquired a portfolio of 11 multi-family properties in a court-appointed receivership sale brokered by CBRE, LYND announced Monday. The original loan balance was $200 million; the purchase price was not disclosed. “This pretty much followed the model of similar transactions we’ve made over the last couple of years,” said A. David Lynd, LYND’s president and COO. “We continue to seek opportunities that align with our investment strategy of acquiring value-add properties where we can effectively use our operating platform…
Health Care REIT’s Purchase of Sunrise Good Sign for Seniors Housing
The recent purchase of Sunrise Senior Living by Health Care REIT, making it one of the largest seniors housing owners in the world, points to a generously healthy seniors housing market.
JV Buys Office Building in Chicago’s West Loop
A joint venture has purchased 230 W. Monroe, a building in Chicago’s popular West Loop area. The building is the second of two similar Class B buildings to have been sold by the General Electric Pension Trust affiliate.
UA to Move HQ to Willis Tower, Space to Total Over 800 KSF
United Airlines will be moving into Chicago’s iconic Willis Tower in what is reported as the largest office lease transaction in the city’s history.
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