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.
NorthStar, Chatham JV to Buy Hotels for $959M
A joint venture of Chatham Lodging Trust and Cerberus Capital Management is selling, and a JV of Chatham and NorthStar Realty Finance Corp. is buying, the lion’s share of a 51-hotel portfolio in a transaction worth $1.3 billion.
Clarion Buys 165 KSF Office Portfolio in San Antonio, Expands Presence
Clarion Partners has acquired University Park Tech Center III & IV, a 165,007-square-foot, Class A flex/office property in San Antonio.
Grubb Properties, Kalikow Begin Construction on 204-Unit M-F Property in Raleigh, NC
North Carolina real estate company Grubb Properties has begun construction of a six-story, 204-unit apartment community in Raleigh, N.C.
Spear Street Capital ID’ed as Buyer of BlackBerry Portfolio
Spear Street Capital L.L.C., announced yesterday as the buyer of the majority of BlackBerry’s Canadian real estate holdings, brings its substantial experience in taking over corporate offices that have become excess to requirements.
MGM Resorts, AEG Break Ground on New Vegas Arena
MGM Resorts and AEG last week broke ground on a new $375 million, 20,000-seat indoor arena west of the Las Vegas Strip, between the New York-New York and Monte Carlo resorts.
Hyatt, LATAM JV to Develop 10 Hotels in Central America, Mexico
An affiliate of Hyatt Hotels Corp. has entered into a master development agreement with LATAM Hotel Corp. to develop 10 Hyatt Place hotels in Central America and Mexico, and Hyatt affiliates have entered into franchise agreements with LATAM for the first five hotels.
Marcus & Millichap Expands into Canada, Opens 3 Offices
Marcus & Millichap has entered Canada with not just one office, but three: in Toronto, Vancouver and Calgary.
European Retailer Primark Signs First U.S. Lease in Boston
Dublin-based budget fashion retailer Primark has signed a long-term lease for four floors in the eight-story Burnham Building, part of the Millennium Tower development in downtown Boston.
Concord Hospitality Sells 13-Hotel Portfolio for $240M
Concord Hospitality Enterprises has sold a portfolio of 13 premium-branded, select-service hotels to companies owned by a global investment fund for approximately $240 million in an all-cash transaction.
Global Law Firm Signs 440 KSF Lease at Premier Rockefeller Center Location
Powerhouse global law firm White & Case has signed a long-term lease for 440,000 square feet at the Class A tower at 1221 Avenue of the Americas, also known as the McGraw-Hill Building, in Manhattan.