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.
Meridian, Eastdil Arrange $275M Financing for NYC Hotel
Meridian Capital Group and Eastdil Secured have negotiated $275 million in permanent financing for the $325 million
acquisition of the fee position in NYC’s Milford Hotel, on behalf of a partnership between David Werner and Deutsche Bank Asset & Wealth Management.
Maguire Recapitalizes LA Office Campus with $105M Loan
Maguire Investments has recapitalized Water’s Edge, its two-building, 6.5-acre “creative office campus” in LA’s Playa Vista submarket, with a $105 million loan.
Ivanhoé, TPG, DivcoWest JV Acquires Sizable Silicon Valley Portfolio
M West Properties, a partnership of Ivanhoé Cambridge and affiliates of TPG Real Estate and DivcoWest, has closed its $400 million-plus purchase of 73 buildings in California’s Silicon Valley.
42 Appraisal Firms Combine to Launch Valbridge Property Advisors
Forty-two independent CRE appraisal companies, with a total of 59 offices and 145 MAIs, have merged to form Valbridge Property Advisors.
Starwood Details Strategy Behind LNR Acquisition
Starwood Property Trust and Starwood Capital Group’s announcement of the purchase of LNR Property for $1.05 billion was a huge transaction that involved a large variety of moving parts.
Sale of US Bank Tower Marks Shift in Downtown LA Market
The newly announced purchase of US Bank Tower, the tallest building in California, is not only a major transaction in itself, at $367.5 million, but also a deal that could send some reverberations through the downtown Los Angeles office market.
Inland American Buys Student Housing in Fort Worth
Inland American Communities has purchased The VUE, a high-end student housing property one block from the Texas Christian University campus in Fort Worth.
Cole/Cole Merger to Create One of Largest Net-Leased Publicly Traded REITs
Cole Credit Property Trust III has executed a definitive merger agreement to acquire Cole Holdings Corp., a real estate investment management firm that currently manages more than $12 billion of real estate assets.
Starwood Moves Global HQ to Dubai for One-Month Immersion
As of Sunday, about 10 top executives of Starwood Hotels and Resorts Worldwide, including president & CEO Frits van Paasschen, began a month-long relocation of the company’s global headquarters from Stamford, Conn., to Dubai.
Cassidy Turley Secures $150M in Acquisition Financing for DC-Area Office Complex
Cassidy Turley secured the financing, in the form of a $150 million loan from a commercial bank, for the recent sale of the three-building, 689,000-square-foot Air Rights Center in downtown Bethesda, Md.