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.
Office Deals Falter, Though the Suburbs Fare a Bit Better: NAR
Transaction volume is also down for industrial, but prices continued to improve, a new National Association of Realtors study shows.
Blackwells Makes Bid to Buy Monmouth REIT
The transaction is valued at $3.8 billion, including the assumption of debt—but there are complications.
Sealy & Co. Buys 1 MSF Distribution Facility
The purchase of the Class A property brought the company’s annual acquisition volume to more than $400 million.
Logistics Property Co. Closes $1B Industrial Real Estate Fund
The new vehicle, already largely allocated, targets development opportunities in core metro areas nationwide.
NYC Construction Pipeline Lowest Since 2010-11: REBNY
The city and state collectively lost $1.4 billion in tax revenues in November, according to the first of a series of Real Estate Board of New York reports.
Biotech Firm to Expand in Washington’s Maryland Suburbs
Qiagen is renovating its U.S. headquarters as it accelerates manufacturing of COVID-19 testing products.
Provender Partners, Cerberus Capital Management Form JV
The partnership will connect Provender’s position in cold storage with Cerberus’s financial strength as the demand for temperature-controlled industrial space heats up.
Rexford Industrial Realty Acquires Inland Empire Portfolio for $129M
The four-building purchase adds more than 630,000 square feet to the company’s Southern California holdings.
Commercial Rent Collections to Suffer in 2021: Deloitte
The consulting company’s just-released outlook is based on a survey that included 800 senior executives across various industries.
Douglas Development Nails Down Big Lease at DC Office Building
Data intelligence company Morning Consult signed for nearly 50,000 square feet at 1025 F St. NW, which began its life more than a century ago.