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.
CBRE Starts Rolling Out Tech/Media Practice
CBRE has begun rolling out its new nationwide Technology & Media Practice, partly in response to the strong growth of the high-tech sector within the U.S. office market.
TierPoint Breaks Ground on New Data Center, Its Second in OKC
TierPoint has broken ground on a new 69,000-square-foot data center in Oklahoma City.
Related Cos., Renard Development Partner to Pitch New FBI HQ
The chance to develop the long-overdue new headquarters for the FBI, to replace its existing building on Pennsylvania Avenue in Washington, may be a prize very much worth chasing.
Inland American to Spin Off Lodging Subsidiary
Inland American Real Estate Trust Inc. plans to spin off much of its lodging portfolio, as a publicly traded company called Xenia Hotels & Resorts Inc.
Wanda Group to Build $1.2B MXD in LA
Chinese conglomerate the Wanda Group has outbid numerous other parties for a prime site in Beverly Hills, on which it plans to build a mixed-use project.
HFF Secures $480M Construction Loan for 181 Fremont in San Francisco
HFF arranged $480 million in construction financing for 181 Fremont St., a 55-story, 684,000-square-foot Class A office and luxury condo tower in San Francisco’s South Financial District.
In REIT-Eat-REIT Deal, NorthStar to Acquire Griffin-American Healthcare REIT II
NorthStar Realty Finance Corp. will acquire all of the outstanding shares of Griffin-American Healthcare REIT II Inc. in a stock-and-cash transaction.
Grosvenor Buys M-F Asset in Suburban Washington for $108M
Grosvenor Americas has purchased Avalon Fair Oaks, a 491-unit apartment community in Fairfax, Va., and will rebrand the property Wheelhouse of Fair Oaks.
Atlanta Braves JV Picks Developers for $400M M-U Project
Three Atlanta-based companies will develop the 74-acre, $400 million mixed-use project previously announced for a site adjacent to the new Atlanta Braves stadium in southeastern Cobb County, north of Atlanta.
MetLife, Norges Bank Buy One Beacon St. Tower in Boston for $561M
In its fourth major acquisition in just eight months, a JV between MetLife Inc. and Norges Bank Investment Management has bought One Beacon St., a 34-story, Class A office tower in downtown Boston’s financial district.