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.
TIAA-CREF Buys 132-Unit M-F Complex in Redwood City, Calif. for $83M
Township, a recently completed 132-unit luxury apartment complex in downtown Redwood City, Calif., has been sold to TIAA-CREF for $83 million.
SoCal Logistics Project Kicks Off Goodman’s $1.4B Development Pipeline
Through its wholly owned North American subsidiary, Australian industrial property powerhouse the Goodman Group has launched a $1.4 billion, 15 million-square-foot U.S. development pipeline by breaking ground on a $150 million logistics center in Rancho Cucamonga, Calif.
Retail Opportunity Investments to Buy Fallbrook Shopping Center for $210M
Retail Opportunity Investments Corp. has entered into a binding contract to acquire Fallbrook Center, in West Hills, Calif., for $210 million in cash.
DTZ Launches Latin American Operations with Opening of Mexico City Office
Global property services firm DTZ has opened its Latin American regional headquarters in Mexico City.
MAY ISSUE: Albertsons-Safeway Merger Continues Grocery Consolidation
The pending mega-merger between supermarket giants Albertsons and Safeway reflects important trends in the grocery business, according to industry observers, some of whom also have strong opinions about how this deal will play out over time.
DivcoWest Buys 483 KSF Class A Office Complex in El Segundo, Calif.
DivcoWest has completed the purchase of Continental Grand Plaza, a two-building, 483,000-square-foot Class A office campus at 300-400 Continental Blvd. in El Segundo, Calif.
Chinese Developer Buys Majority Stake in Historic San Francisco Office Property for $350M
Chinese developer Kylli Inc. has bought a majority stake in the 22-story office building at 225 Bush St., in the San Francisco CBD, taking the share previously owned by GEM Realty and SEB ImmoInvest.
Carlton Closes $100M Lower Manhattan Condo, Hotel Pre-Development Loan
The Carlton Group has arranged a $100 million pre-development loan for a hotel and condominium project on Manhattan’s Lower East Side.
ARCP to Grab Red Lobster RE in $1.5B Sale-Leaseback
As part of Golden Gate Capital’s acquisition of the Red Lobster chain from Darden Restaurants, American Realty Capital Properties will buy more than 500 Red Lobster restaurant properties and lease them back to GGC.
Meridian Arranges $142M in Financing for 2 MSF Detroit-Area Office Complex
Meridian Capital Group has arranged a $142 million mortgage on behalf of 601 West Cos. for the latter’s purchase of Southfield Town Center in Southfield, Mich.