Starwood Capital Group related stories
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Starwood eyes Brazil office openingThe Greenwich, Connecticut-based firm is very “bullish” on the Brazil hospitality scene – and is planning to open an office in the country, possibly in Sao Paulo, by this summer. Three to five people are expected to work there.
- Fund managers eyeing greater control in Brazil
As real estate funds eye the Latin American country for opportunities, the heads of the non-profit ADIT group say increasing numbers are looking to private, mid-market partners for deals compared to take-public transactions.
- Blackstone invests $4bn in real estate in past year
Despite some fears that transactions in 2011 will be “tougher” to find than 2010, Blackstone expects deal flow to increase in the coming 12 months as banks earn their way to health and start dealing with their balance sheets.
- Starwood eyes real estate platform deals in Brazil
The Greenwich, Connecticut-based firm said it would keep its new São Paulo operations “lean” by targeting local partners for project-level deals and as possible entity-level investments for Starwood.
- 'Undisciplined' lending fuelling real estate bubble
Starwood founder Barry Sternlicht has warned that in the search for yield in the US, some lenders are returning to the days of 2007 and 2008 and failing to underwrite actual cash flows.
- TPG in final bidding for ING REIM
KKR, Vornado have bowed out of the running to buy the real estate investment management platform, as TPG, CBRE, Jones Lang LaSalle and Ares Capital Management make it through to the final round of bidding.
- CIM fundraising head joins Starwood
Lanhee Yung has joined the Greenwich, Connecticut-based firm to co-lead the firm’s global fundraising and investor relations activities.
- Starwood opens Brazil office, hires two execs
The Greenwich, Connecticut-based firm has hired ex-Sao Carlos and GoldenTree InSite executives Rodolfo Senra and Vitor Senra to lead its operations in Sao Paolo. Ryan Hawley will also relocate to the country to oversee acquisition activities.
- Bank balance sheet loans next big issue for US real estate
With more than 800 banks on the FDIC watchlist, dealing with the troubled assets on thousands of community and regional banks will be priority for industry.
- Sternlicht’s Starwood soars in PERE 30
Barry Sternlicht’s Starwood Capital Group was the biggest riser in the 2010 PERE 30 ranking. Two fund closings totalling almost $2.8bn saw the private equity real estate firm launch itself from 30th place to 13th place.