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.
Madison Buys 49% Interest in Downtown LA Office Tower
Madison International Realty has acquired a 49 percent ownership interest in One California Plaza, a 42-story trophy office tower in downtown Los Angeles, for $295 million.
Two Projects Highlight Metro Kansas City Industrial Growth
The Kansas side of the Kansas City metro area is enjoying a surge of industrial activity, with the significant steps forward on two sizable projects.
Bill Gates’ Investment Group Buys Four Seasons Houston
Cascade Investment, the private investment arm of billionaire Bill Gates, is set to acquire the Four Seasons Hotel Houston from Maritz, Wolff & Co. for a reported $140 million.
Inland Buys 2 Andaz Hotels in California, Georgia for $115M
Inland American Lodging Group has acquired two Andaz hotels from Hyatt Hotels Corp. for $115 million. A Hyatt affiliate will continue to manage both properties.
Orbach Buys 33-Building M-F Portfolio in Manhattan for $250M
In a two-part transaction, The Orbach Group has purchased a 33-building, 1,031-unit high-end multi-family portfolio on Manhattan’s Upper West Side for about $250 million.
Thai Company Buys Bay-Area M-F Tower for $103M
Bangkok-based Land & Houses PCL, Thailand’s largest homebuilder, has purchased Domain, a 264-unit, luxury transit-oriented rental community in Oakland, Calif., for $103 million.
Transwestern’s Latest Expansion Move
Transwestern’s president of the Americas, Chip Clarke, chats with CPE about his company’s latest expansion move through the purchase of Richards Barry Joyce & Partners, a full-service real estate firm based in Boston.
Calling Plan: American Tower to Buy Global Tower Partners for $4.8B
American Tower Corp. has agreed to acquire MIP Tower Holdings, a private REIT and the parent company of Global Tower Partners and related companies, for $4.8 billion.
Parallel Discusses Strategy Behind Purchase of Landmark Dallas Towers
The purchase by Parallel Capital Partners of the 850,000-square-foot, two-building Urban Towers project in Irving, Texas, announced late Tuesday, marked the company’s re-entry into the Dallas–Fort Worth market.