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.
LaSalle Buys 184 KSF Shopping Center in Greater Leeds, UK
LaSalle Investment Management, of Chicago, has acquired the 84-retail-unit Airedale Centre in Keighley, West Yorkshire, United Kingdom.
City Center, Angelo Gordon JV Buys 320 KSF Office Space in Minneapolis
A JV of City Center Realty Partners and Angelo, Gordon & Co. has acquired the 320,000-square-foot office portion of the Plaza Seven building at 45 S. Seventh St. in downtown Minneapolis.
Tishman Lands Two More Leases at Wilshire Courtyard
Less than two months after buying the two-building Wilshire Courtyard office complex in West Los Angeles, Tishman Speyer has completed two lease transactions, bringing the property’s occupancy to 94 percent.
Looking to Downsize, National Trust to Sell DC HQ to AEI
The American Enterprise Institute and the National Trust for Historic Preservation have completed a purchase and sale agreement for the latter’s long-time headquarters building at 1785 Massachusetts Ave. NW., in Washington, D.C.’s Dupont Circle neighborhood.
Hines Starts Construction on M-F Project in Atlanta’s Brookhaven
In the latest expansion of its multi-family business, Hines has begun construction on @1377, a luxury multi-family complex on Dresden Drive in the Brookhaven neighborhood of Atlanta.
Hotel’s Conversion from Sahara to SLS Las Vegas Finally Starts
Las Vegas’ Sahara Hotel & Casino, which closed in 2011 after decades as a Sin City icon, is finally beginning its transformation into the SLS Las Vegas.
Norwegian Pension Fund Charges into U.S. Market via TIAA-CREF
Norges Bank Investment Management, manager of the Norwegian Government Pension Fund Global, has entered into a $1.2 billion JV with TIAA-CREF and has at one stroke gained substantial interests in five Class A or boutique buildings on the East Coast.
Chambers Closes on Two 300 KSF Suburban Philly Office Buildings
Chambers Street Properties, of Princeton, N.J., recently closed on its acquisition of 1400 Atwater Drive, a pair of five-story Class A office buildings, totaling 300,000 square feet, in Malvern, Pa.
Thor, ASB Close on Manhattan Retail/Office Building for $97M
In the latest of several Manhattan acquisitions for both companies, though their first together, a joint venture of Thor Equities and ASB Real Estate Investments’ Allegiance Real Estate Fund has purchased a five-story, 60,000-square-foot property at 875 Washington St. in Manhattan’s Meatpacking District for $97 million.
Promontory Launches Online Marketplace for Bank Assets
Promontory Interfinancial Network of Arlington, Va. launched yesterday Bank Assetpoint, a nationwide online marketplace that aims to connect banks and other parties looking to buy or sell unwanted bank assets, including bank-owned commercial real estate.