Starwood Capital Group related stories
All articles and analysis
CIM acquires Union Square complex in DCThe $262m office deal is the latest in a string of private buys in the nation’s capital.
- Mission West negotiating $1.8bn sale to private equity fund
In what could be the largest commercial property deal in Silicon Valley history, the Mission West REIT is in sale talks with an undisclosed private equity fund reported to be Connecticut-based Starwood Capital Group.
- SWFs waiting on ‘distress’
The world’s sovereign wealth funds are targeting mainly trophy real estate assets, as they wait on the anticipated unloading of ‘distressed’ properties in the US. In the long-term, SWFs are looking to partner with key US players, expanding their roles beyond 'static asset owners.’
- Public market will be picky with future blind pool offerings
After a wave of blind pool mortgage REITs hit the public market this summer, retail and institutional investors became more selective about the firms they backed. That will continue into 2010, argues Mayer Brown’s Ed Schneidman.
- Starwood REIT closes $144m of deals in first 43 days
The mortgage REIT created by Barry Sternlicht’s Starwood Capital group has acquired $110m portfolio of loans on seven properties and $10.9m in bonds secured against a NYC hotel. The firm has another $66m of deals under contract.
- Real estate liquidity bubble 'forming', Sternlicht says
Barry Sternlicht, CEO of Starwood Capital, warns the US government's bailout programmes are not needed in today's markets as capital looks to the asset class in the search for yield.
- Starwood consortium reportedly targets Extended Stay
The private equity real estate firm, together with Fortress, DE Shaw and Five Mile, has offered $3.5bn for the hotel group’s $4.1bn first mortgage, according to the WSJ. The plan would rival a bankruptcy court reorganisation plan.
- Rockwood hires ex-JER exec to lead portfolio group
The White Plains, New York-based firm has hired four new members of staff, including former JER fund manager Dwight Arnesen. Marti Breier, Scott Stuckman and Joel Mayer have also joined the firm.
- Alcion forms $100m JV to target workout deals
Boston-based Alcion Ventures has joined forces with development and property management company Golub & Company to target real estate debt and equity opportunities.
- Starwood names Lehman executive global asset management head
The former global co-head of asset management for Lehman Brothers private equity real estate, John McCarthy, has left to join Barry Sternlicht’s Starwood. Jeffrey Disher steps down as head of asset management to return to his earlier role leading Starwood’s acquisitions team.