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.
Illinois Medical District’s $300M Gateway Center Moves Forward
After an earlier proposal was withdrawn last year by its developer, a beefed-up 1.2 million-square-foot mixed-use project in the Illinois Medical District on Chicago’s West Side has been approved by the district’s coordinating body.
Ramco-Gershenson Grabs 2 Midwestern Malls for $150M
Ramco-Gershenson Properties Trust has acquired two community shopping centers, one in the Twin Cities area and the other in metro Cincinnati, for $150 million.
Harbor Group Sells 415 KSF Times Square Office Tower for $250M
Harbor Group International has sold 1412 Broadway, a 24-story, 415,135-square-foot office tower in Manhattan, for $250 million.
TRIA Extension Sails through Senate
Last Thursday, the U.S. Senate by a 93-4 vote approved legislation to reauthorize for seven years the Terrorism Risk Insurance Act, which is otherwise set to expire at the end of December.
Thor, Taconic Sign Samsung to Long-Term Lease in NYC’s Meatpacking District
Samsung Electronics North America has signed a long-term lease for all of the nearly completed 837 Washington St. in New York City’s Meatpacking District.
Hertz Buys Bank of America Tower in Jacksonville from Parmenter for $88M
Hertz Investment Group has paid Parmenter Realty $88 million for the tallest building in Jacksonville, the 42-story Bank of America Tower.
Toyota Taps KDC to Develop North American HQ in Plano, Texas
Toyota Motor Co. has selected KDC Real Estate Development & Investments to develop its new North American headquarters campus in the recently built Legacy West development in Plano, Texas.
TA Associates Buys M-F Portfolio in Metro Phoenix for $75M
Two apartment complexes in metro Phoenix have been purchased by TA Associates for a total of $75 million.
Loews Hotels & Resorts Buys 255-Key Graves 601 Wyndham Grand in Minneapolis
Loews Hotels & Resorts has completed its acquisition from Graves Hospitality of the 21-story, 255-room Graves 601 Hotel Wyndham Grand in Minneapolis.
Clarion Grabs 302 KSF Office Facility in Playa Vista, Calif.
Clarion Partners has purchased Latitude 34, a two-building office complex within the Playa Vista master-planned community in the Westside area of Los Angeles.