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.
Construction Costs Decrease for the 1st Time in a Decade
The COVID-19 pandemic and increased competition among contractors are key factors behind the decline.
Colony Capital Leads $1.2B Investment in Vantage Data Centers
Valued at $3.5 billion, the new strategic partnership will both boost Vantage’s ability to expand its portfolio and help accelerate Colony’s reorientation toward digital infrastructure.
Hines Buys Logistics Asset in Northern England
The company continues to expand its footprint in Europe with the $25.7 million acquisition of a warehouse in West Yorkshire.
CMBS Delinquencies Multiply, Report KBRA and Trepp
Two new reports from companies tracking the CMBS sector indicate that delinquencies are rising sharply and that the numbers will likely worsen in July.
CRE Executives See Glimmers Emerging from Tough Times: RCLCO Report
The semiannual survey of commercial real estate leaders finds a noticeable bifurcation between how they view the market now and what they foresee over the next 12 months.
Blackstone Takes Co-Starring Role in $1.7B Hollywood Portfolio
Under this joint venture, Hudson Pacific Properties will retain majority ownership of its 2.2 million-square-foot collection of studios and office buildings.
Major Mixed-Use, Entertainment District to Rise in Orange County
Anchored by the Honda Center in Anaheim, Calif., ocV!BE will encompass office buildings, a concert venue, retail, hotels and some 2,800 apartments.
Office Occupancy Varies Widely as Workers Trickle Back: Report
The return is gradual and differs dramatically among major metros, according to an analysis of building access data by Kastle Systems International.
Lincoln Equities Group JV Buys 1.2 MSF Life Sciences Campus
The Princeton West Innovation Campus in central New Jersey is largely vacant at this point, but the region’s life sciences sector is active and strong.
The Carlyle Group, Safestore Enter Belgian Self Storage Market
The joint venture, formed less than 12 months ago, bought Lokabox and its portfolio of six facilities across Belgium.