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Starwood Capital Group

591 West Putnam Avenue
Greenwich, CT 6830
Starwood Capital Group
Starwood Capital Group is an alternative investment management firm based in Greenwich, Conneticut started by Barry Sternlicht in 1991. Starwood has 990 employees and $36 billion under management. In 2009, Starwood Capital acquired 40% of a Corus Bank loan portfolio totaling $4.5 billion from the FDIC, in what Starwood claims was the government's largest distressed debt transaction during the Great Recession. Starwood has risen to prominence in the hotel industry with the Baccarat Hotels and Resorts chain, the flagship of which is a 46-story mixed hotel and and condominium tower at 20 West 53rd Street. The original asking price for the top-floor penthouse was $60 million. The tower was panned by architecture critic James Gardner as one of the remorselessly rectilinear office towers for which the firm is mainly known. Additionally, the firm is an indirect minority shareholder (9.36%) in Italian soccer club AS Roma.
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Town Residential, Managing Director, Acquisitions
591 West Putnam Avenue, Greenwich, CT, 646-588-4320
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591 West Putnam Avenue, Greenwich, CT, 646-588-4320
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  • Event Sales
  • Address 150 West 34th Street
  • Neighborhood Penn Plaza
  • Borough Manhattan
  • Square feet 78,000
  • Price $ 355,000,000
The Old Navy building sold for $355 million. Additional information: 3 stories, 78,000 sf
  • Event Sales
  • Address 105 West 57th Street
  • Neighborhood Midtown West
  • Borough Manhattan
  • Price $ 40,000,000
  • Publication Date 07/01/2012
  • Event Date 05/22/2012
  • Party 1 Starwood Capital
  • Party 2 JDS Development Group
The majority interest in the development site sold for $40 million. The buyer plans to break ground on a new 100,000-square-foot, mixed-use retail and luxury residential project in the spring or early summer.
  • Event Sales
  • Address 222 West 45th Street
  • Neighborhood Times Square
  • Borough Manhattan
  • Square feet 25,000
  • Price $ 6,130,000
  • Price per foot $ 245.00
The air rights sold for $6.13 million, or about $245 per square foot. The buyers acquired the air rights from the Booth Theater, which will be used to increase the size of a planned hotel at 237 West 54th Street, from 27 stories to 34 stories.
  • Event Sales
  • Building Name 18-30 West 53rd Street
  • Address 18 West 53rd Street
  • Neighborhood Plaza District
  • Borough Manhattan
  • Square feet 100,441
  • Price $ 67,400,000
  • Publication Date 09/01/2011
  • Event Date 07/23/2011
  • Party 1 New York Public Library
  • Party 2 Tribeca Associates, Starwood Capital
The former Donnell Library building sold for $67.4 million. The buyers plan to develop the site into a new 120-room, five-star hotel, with new space for the library.
  • Event Sales
  • Building Name 105-07 West 57th Street
  • Address 105 West 57th Street
  • Neighborhood Midtown West
  • Borough Manhattan
  • Price $ 52,000,000
  • Publication Date 11/01/2006
  • Event Date 09/22/2006
  • Party 1 Investcorp and Ceebraid-Signal
  • Party 2 Starwood Capital Group
The former home of the Ritz fur shop was acquired for $52 million. Plans for the site have not been disclosed.
Manhattan, 10019
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Manhattan, 10014
Starwood Capital Group, 277 WEST 10 OWNER L.P.
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Tribeca Associates|Starwood Capital Group, 20 WEST 53RD STREET LLC
Manhattan, 10014
Starwood Capital Group, 277 WEST 10 OWNER L.P.
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