National
“Good luck finding people”: Sternlicht warns of labor shortage for infrastructure bill
On a call where Barry Sternlicht and executives at his Starwood Property Trust touted the strength of their portfolio...
Starwood Property Trust
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National
Washington is “putting kerosene on an open fire” with spending bills: Sternlicht
The rental and single-family home markets are the best they’ve been in years, and people are “seriously wealthy,” spending...
National
“Tsunami of change” in blue states a “dangerous game,” says Barry Sternlicht
Starwood Property Trust CEO Barry Sternlicht said New York’s rent laws place so many restrictions on building owners that...
National
Blackstone, Starwood strike $6B deal for Extended Stay America
A long-in-the-works deal for an extended-stay hotel chain is finally coming to fruition. Blackstone Group and Starwood Capital Group...
National
Starwood Property Trust’s Q4 earnings fall 38%
Barry Sternlicht was in such a good mood during Starwood’s earnings call on Thursday that he joked he was...
National
Real estate is a “four-letter word” in the capital markets: Sternlicht
Barry Sternlicht is confident the hotel and office markets will come back to pre-pandemic levels, saying that adults and...
Starwood suing HFZ for $157M over co-op conversion loan default
Starwood Property Trust is suing Ziel Feldman’s HFZ Capital Group, charging the developer defaulted on loan payments at an...
National
Barry Sternlicht on 1031s: Kill them
Barry Sternlicht compares the coronavirus pandemic to a race at the Indianapolis Speedway gone wrong. As a pace car laps around the track, lenders have to pull into the pit to change the tires...
National
Starwood Property Trust looks to offload $2B loan portfolio
Starwood Property Trust is reportedly trying to sell a portfolio of loans that it purchased in 2018 as a...
National
“When it’s really ugly, it’s a good time to invest”: Sternlicht on Starwood’s hunt for opportunities
When the coronavirus started to take hold, Barry Sternlicht compared it to World War III. With the pandemic having completely overwhelmed the global economy,...