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.
Tech Tenants Likely to Shed Significant Office Space: Savills
A survey of 250 companies found that a majority of respondents expect to dispose of at least some portion of their office space in the next 12 to 18 months.
Plymouth Industrial Closes $300M Unsecured Credit Facilities
The unsecured $200 million revolving facility and $100 million term loan have an accordion feature for an additional $200 million of borrowing capacity.
CMBS Special Servicing Rates Surge: Trepp
Retail- and hospitality-secured CMBS hit record-high levels in September.
LaSalle’s Latest European Fund Closes at $500M-Plus
This first close puts LaSalle Investment Management’s fourth fund on track to achieve a total capital raise of $1.2 billion.
CMBS Delinquencies Continue to Drop: Trepp
The delinquency rate has been creeping downward since a surge in May and June.
Where Are the Top Markets for Short-Term Rental Investing?
AirDNA found a major shift in its rankings of the most promising locations for investment in short-term vacation rentals.
CT Realty Breaks Ground on Major Inland Empire Logistics Park
With joint venture partner PGIM Real Estate, the company plans to eventually develop as much as 4.4 million square feet of industrial space.
Iron Mountain Inks 6 MW Prelease With Fortune 100 Customer
The agreement strengthens the outlook for the company’s 40-acre data center campus in Phoenix.
Directed Capital Closes 10th Fund at $92M
The close of the company’s latest distressed assets fund follows on the heels of new credit facilities totaling $100 million.
VICI Properties Provides $400M Mortgage to Caesars Entertainment
The loan between the two companies, which have numerous connections, is secured by the Caesars Forum Convention Center in Las Vegas.