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.
CBRE Fund Buys $144M Trophy Office in Atlanta Suburb
CBRE Strategic Partners U.S. Value 6, a fund sponsored by CBRE Global Investors, has purchased Three Ravinia, a 31-story, 813,750-square-foot trophy office building in north suburban Atlanta.
Miami Beach Convention Center Competitors Line Up Their Pros, Cons
In the latest round of the high-stakes competition to masterplan and redevelop the 52-acre Miami Beach Convention Center, the South Beach ACE team yesterday laid out the key points of both proposals and contended not only that its plan is better but that the Portman-CMC plan is shifting to resemble its own.
Mill Creek Breaks Ground on M-F Project in Morristown, NJ
Mill Creek Residential Trust is holding a groundbreaking ceremony in Morristown, N.J., today for the 268-unit first phase of Latitude, a luxury apartment development.
IIT Buys 808 KSF Industrial Building in Mesa, Ariz.; Pays Cash
Industrial Income Trust, of Denver, a non-traded REIT, has purchased the 11-building, 808,400-square-foot Broadway 101 Commerce Park in Mesa, Ariz., for $77 million in a cash deal.
Alliant Capital Purchase, New Co-CEO Give Ares a Trifecta
In its second and third major moves in less than a week, Ares Commercial Real Estate REIT has agreed to acquire EF&A Funding Alliant Capital for $63 million in cash and stock, and has also named a new co-CEO, Todd Schuster.
Tech Co. Buys 760 KSF Office Campus from Harvard
Athenahealth has acquired the historic 11-building, 760,000-square-foot Arsenal on the Charles office campus in Watertown, Mass., from Harvard University for $169 million.
Big CMBS Play Will Put KeyBank into Top Tier of Servicers
KeyBank Real Estate Capital, the CRE business unit of KeyCorp, has entered into a series of agreements that reportedly will make it the nation’s third-largest named servicer of commercial/multi-family loans, with a commercial mortgage servicing portfolio of about $205 billion.
Studley Launches Shanghai Office, Its First in China
The New York City–based tenant-rep specialist stated that the Shanghai office is the first of several it will open across Asia in the near future.
FHFA: Fannie, Freddie M-F Businesses Not Independently Viable
Without their government guarantees, “the multi-family businesses of Fannie Mae and Freddie Mac have little inherent value,” according to the Federal Housing Finance Agency, which released two reports, one from each of the government-sponsored enterprises.
BIT to Break Ground on $131M Development in Hoboken
Park Place, a $131 million, 12-story multi-family building funded by the AFL-CIO Building Investment Trust and to be developed by Bijou Properties and built by Tishman Construction, will break ground tomorrow in Hoboken.