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.
Principal, Macquarie Team Up to Tackle CMBS Market
In a combination of Midwest and Down Under, U.S.-based Principal Real Estate Investors, the real estate arm of Principal Global Investors, and Macquarie Group, out of Sydney, Australia, are creating Principal Commercial Capital, which will focus on originating and securitizing commercial mortgages in the CMBS market.
Metro Washington Data Center Goes to JV in $188M deal
Affiliates of Digital Realty Trust and Griffin Capital Essential Asset REIT embark on a joint venture to acquire a data center in Virginia.
Schwab Launches First Global RE Mutual Fund to Track a Fundamentally Weighted Index
Charles Schwab Investment Management Inc. will expand its index mutual fund lineup with the launch of the Schwab Fundamental Global Real Estate Index Fund, the only U.S.-based real estate fund to apply the Russell Fundamental Index Series to a broad-based, global portfolio of real estate securities.
Vulcan Signs Costco to Office Lease
Vulcan Real Estate has leased 176,656 square feet in its Sammamish Park Place to Costco Wholesale Corp.
St. Anton Partners Inks $96M Construction Loan for Facebook Co-Designed Apt. Project
St. Anton Partners, of Sacramento, has closed on a $96 million construction loan from U.S. Bank for the 394-unit Anton Menlo Apartments.
Barclays Picks Metro Dallas Office Park for U.S. Tech Center
In a milestone for a major master-planned community, Barclays Bank has taken 40,000 square feet of Class A space for its U.S. technology center at Craig Ranch in McKinney, Texas.
Thor Refinances (Again) the Palmer House Hilton in Chicago
Thor Equities has completed a $420 million refinance deal for the historic Palmer House Hilton hotel in downtown Chicago.
Duke Fills Metro Nashville Distribution Center with Big Lease
Duke Realty Corp. has signed B&G Foods to a new lease for 445,942 square feet in its Park 840 Logistics Center in Lebanon, Tenn.
KBS REIT Sells West Palm Beach Office Tower for $150M
KBS Real Estate Investment Trust II has sold CityPlace Tower, an 18-story, 295,900-square-foot Class A office building in the West Palm Beach, Fla., CBD, for $150 million.
Harrison Street Buys Seniors Housing Portfolio for $520M
Harrison Street Real Estate Capital has completed its acquisition of seniors housing properties located in the Northeast.