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.
Crescent Buys 2 Acres in Downtown Orlando’s Central Station
It’s a small purchase, but it moves a major mixed-use development in downtown Orlando a step closer to fruition. Crescent Communities has purchased a two-acre site in Orlando’s CBD from RIDA Development Corp.
TIAA-CREF, Henderson to Birth New Euro-Asia Entity
In a transaction worth $176 million, TIAA-CREF, New York, and Henderson Global Investors, London, will create TIAA Henderson Global Real Estate, a new investment management company.
CIM, Kushner Buy 466 KSF Office Building in Lower Manhattan from Savanna
CIM Group and Kushner Cos. have purchased the 26-story office building at 2 Rector St. in Manhattan’s Financial District from Savanna.
Colliers Expands in Germany, Netherlands
Colliers International has acquired controlling interests in Colliers Schon and Lopez Schmitt GmbHand in Trombello Kolbel Immobilienconsulting GmbH, both in Germany, as well as a controlling interest in Urban Properties International Real Estate Management B.V., a leading asset and property management firm in the Netherlands, First Service Corp., Colliers’ parent entity.
Rufrano Steps Down; New CEO Sant’Albano Takes the Reins
Cushman & Wakefield has named Carlo Barel di Sant’Albano its interim CEO, replacing Glenn Rufrano, who will remain with Cushman during a transition period.
Glimcher to Regain Tampa Center, Sell Interest in Portland’s Lloyd Center
Glimcher Realty Trust plans to purchase the remaining interest in WestShore Plaza, Tampa, from its joint venture partner, an affiliate of Blackstone Real Estate Partners VI, for $112 million.
Pru Lends $73M for Hines’ Purchase of London Office
Prudential Mortgage Capital Co. has provided $73 million in financing for Hines Global REIT’s recent purchase of One Westferry Circus, an office building in London’s Canary Wharf district.
$1.4B Sale of Share in GM Building is NYC’s Biggest in Years
In a truly international deal, a 40 percent stake in Manhattan’s iconic General Motors Building traded hands last Friday for a reported $1.4 billion.
ARCP Shows Hearty Appetite with $807M Deal for Restaurant-Heavy Portfolio
Barely days after announcing its intended $2.2 billion acquisition of CapLease Inc., American Realty Capital Properties, has jumped ahead of its own forecasts by agreeing to purchase from GE Capital an $807 million portfolio of 471 net-lease properties.
Wolff Picks Up $200M M-F Portfolio in Las Vegas
The Wolff Co., of Scottsdale, Ariz., has acquired the 3,098-unit “Oasis Portfolio” of 14 apartment communities in metro Las Vegas.