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.
Pinnacle Group Buys Out Hudson Realty in $208M Deal
Real estate investment firm Pinnacle Group has bought out the interests of its equity partner, Hudson Realty Capital, in 26 apartment buildings in Brooklyn for $208 million.
Kilroy Grabs Premier Life Science Property in Seattle for $106M
Kilroy Realty Corp. has bought a four-story, LEED Gold–certified life science property at 401 Terry Ave. N., in Seattle’s South Lake Union submarket, from the building’s developer, Vulcan Real Estate.
Behringer Harvard M-F REIT Builds Property in Atlanta
Behringer Harvard Multifamily REIT I has begun construction of Cyan on Peachtree, a 23-story, 329-unit luxury apartment development in the Buckhead office and entertainment district north of downtown Atlanta.
Meridian Capital Arranges $142M for Acquisition of Brooklyn Office Property
Meridian Capital Group arranged a $142 million mortgage for the purchase of an office property in Brooklyn’s Fort Greene neighborhood on behalf of RXR Realty and American Landmark Properties.
SL Green Buys Ivanhoe Cambridge’s Stake in NYC Citigroup HQ
SL Green Realty Corp. will acquire Ivanhoé Cambridge’s stake in 388-390 Greenwich St. in Manhattan’s TriBeCa, thus assuming full ownership of Citigroup Inc.’s 2.6 million-square-foot headquarters in New York.
RFR, Vanke Break Ground on Luxury Condo Tower in Manhattan
RFR Holding and Vanke, China’s largest residential developer, broke ground Tuesday on 610 Lexington Ave., a luxury residential condominium on East 53rd Street in Midtown Manhattan.
HFF Closes Recap, Arranges Acquisition of 215-Key Hotel in El Segundo, Calif.
The DoubleTree LAX, a 215-room, full-service hotel in El Segundo, Calif., has closed on a new-equity recapitalization that has brought in two new owners.
Rooker Buys 90-Acre Mall Site in Atlanta for Redevelopment
Atlanta-based real estate development and construction company Rooker plans to buy a 764,000-square-foot mall on a 90-acre site in Union City, Ga., and redevelop the property.
Auction.com to Auction Woolworth Building in Downtown LA
The historic Woolworth Building at 719-725 South Broadway in downtown Los Angeles will go up for auction on March 10, according to Auction.com.