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.
Seeking to Boost Transparency, IPA Issues Standards for Non-Traded REITs
The Investment Program Association contends that the guidelines will boost confidence in non-listed investment vehicles by providing greater uniformity to financial reporting and valuation.
Redevelopment of Bronx Armory to Create World’s Largest Indoor Ice Sports Facility
The iconic — but long-vacant — Kingsbridge Armory in The Bronx will be redeveloped into the world’s largest indoor ice facility.
Kilroy Breaks Ground on 350 Mission St., San Fran Office Tower
In the latest milestone for the 145-acre redevelopment area around San Francisco’s new Transbay Transit Center, Kilroy Realty Corp. broke ground Tuesday on 350 Mission St., a new office tower that will rise at Mission and Fremont streets, directly across from the transit center.
Purchase of $865M Portfolio Pushes RHP Properties Upward
RHP Properties is now the nation’s largest privately held owner and operator of manufactured-home communities, thanks to its most recent acquisition, of an $865 million manufactured-housing portfolio.
UNC, Admiral Capital Acquire Atlanta M-F Project
The University of North Carolina Kenan-Flagler Business School’s Real Estate Fund II (KFBS-REFII) has co-invested, along with Admiral Capital Group and Wood Partners, in Brookhaven, a 17-story, 209-unit Class A multi-family building in Atlanta’s Buckhead area.
Prologis Inks Deal with Subaru for 715 KSF near Indy
Prologis Inc. has signed a build-to-suit agreement with Subaru of America for a 715,000-square-foot distribution center in the Indianapolis area.
Union Bank to Acquire PB Capital’s $3.7B CRE Portfolio/Platform
Union Bank N.A. has reached an agreement to acquire the $3.7 billion institutional CRE lending portfolio and platform of PB Capital Corp.
Dweck Properties Nabs Two DC Towers for Record $322M
In what is a record-setting deal, Dweck Properties has purchased Archstone Crystal Towers, located in Arlington, Va., for $322 million.
Fidelis Realty Buys Grocery-Anchored Center in Houston
A busy city has to eat, right? In yet another sign that Houston is surging upward again, Fidelis Realty Partners has purchased Willowchase Shopping Center, a 273,200-square-foot property anchored by a 92,800-square-foot Fiesta Market supermarket.
ARCP-Affiliated REIT Closes on Chelsea Office Building for $112M
American Realty Capital New York Recovery REIT has closed on its $112 million acquisition of the fee simple interest in a 13-story, institutional-quality — but recently troubled — office building at 216-18 W. 18th St. in Manhattan’s Chelsea neighborhood.