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.
BRP, Goldman Sachs JV to Leverage Residential Development in NYC, NJ
BRP Cos. is launching a $75 million investment fund that will leverage upwards of $250 million of new residential development in the New York City metro area and New Jersey.
Tishman JV Buys Historic Midtown South Building
A joint venture between Tishman Speyer and The Cogswell-Lee Development Group has purchased 183 Madison Ave., an Art Deco office building in Manhattan’s Midtown South office district.
DDR Sells Shopping Center Portfolio in Utah for $223M
In an off-market transaction worth $223 million, DDR Corp. has sold to Excel Trust a portfolio of three shopping centers in the Salt Lake City area.
GE Unit to Take 510 KSF Building in Jacksonville
GE Oil & Gas has selected Hillwood’s AllianceFlorida on Jacksonville’s Westside as the location for a new 510,000-square-foot advanced manufacturing facility.
Hudson’s Bay to Open Saks Store, Lease 400 KSF of Office Space, in Lower Manhattan
Hudson’s Bay Co. will open a three-level, 85,000-square-foot Saks Fifth Avenue store that will anchor Brookfield Place in Downtown Manhattan.
Venable Pre-Leases 250 KSF in New Washington Office Building
In the first quarter of 2017, Venable L.L.C., a national law firm, will move its Washington, D.C., headquarters to a building under construction at 600 Massachusetts Ave., N.W.
Morningstar to Move NYC Office to 4 WTC
Morningstar Inc. has signed a 10-year, 30,000-square-foot lease at 4 World Trade Center.
Morningstar to Move NYC Office to 4 WTC
Morningstar Inc. has signed a 10-year, 30,000-square-foot lease at 4 World Trade Center and will move to its new 48th-floor space in mid-2015.
Update: JCR Capital Obtains $105M for Middle-Market Fund
JCR Capital’s JCR Capital Commercial Real Estate Finance Fund III L.P. is targeting a total capitalization of $250 million for middle-market sponsors typically overlooked by institutional capital.
RW Kline Breakup Creates CMBS Shop for Cushman & Wakefield
RW Kline Cos., of Scottsdale, Ariz., has been sold and split into three pieces, and one of those parts will find a new home at Cushman & Wakefield Inc. as North America’s largest CMBS debt restructuring practice.