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.
TPG Grabs Majority Stake in Deutsche Bank’s Loan Portfolio
TPG Real Estate’s acquisition of a 75 percent stake in a $2.5 billion portfolio of high-yield CRE loans from Deutsche Bank’s Special Situations Group is yet more evidence of the market’s recovering strength.
TRIA’s Progress Gives CRE Industry One More Reason for Optimism
The U.S. Senate’s passage of legislation reauthorizing the Terrorism Risk Insurance Act, on Thursday, has relieved a source of anxiety for the CRE sector as the new year begins.
DTZ, Cassidy Turley Merger = One of Top Three Global CRE Service Firms
Consign the Cassidy Turley name to the CRE history books, because as of Monday, the company and DTZ were “operating as a single global firm.”
Douglas Emmett Acquires 468-Unit M-F Property in Honolulu
Santa Monica-based REIT Douglas Emmett has purchased a 468-unit multi-family property in central Honolulu for $146 million.
CNL Healthcare Acquires 9 Medical Office Buildings
CNL Healthcare Properties has acquired from developer Meadows & Ohly a portfolio of nine Class A medical office buildings for $238 million.
ARCP Board Outlines Priorities, Announces Lender Deal
Maybe it was a way of trying to be low profile, or maybe it was only what it was, but last Wednesday, Christmas Eve, American Realty Capital Properties Inc. set out its board’s priorities and announced that it has concluded an evaluation of its portfolio properties.
APF Takes Full Ownership of Building on Manhattan’s ‘Club Row’
APF Properties has taken 100 percent ownership of The Club Row Building at 28 W. 44th St., buying out the 80 percent equity stake previously held by its joint venture partner, Prudential Real Estate Investors.
Former CAO’s Suit Against ARCP Could Shake Up Non-Traded REIT Sector
Last week’s defamation suit brought against American Realty Capital Properties by its former chief accounting officer, Lisa McAlister, fits a common enough pattern: A company and an ousted executive go to war over whether there was or was not just cause for the exec’s involuntary departure.
Capri Capital Sells 351-Unit M-F Community in Fort Lee, NJ
The Crest at Fort Lee, a 351-unit apartment community, has been sold by Capri Capital Partners for $120 million to Pantzer Properties.
Manulife, Allianz to Invest Up to $1B in U.S. CRE
Manulife Asset Management Private Markets has entered into an arrangement with Allianz to co-invest up to $1 billion in U.S. real estate.