Starwood Capital Group related stories
All articles and analysis
Starwood buys hotel chain for $735mThe Greenwich, Connecticut-based real estate firm has agreed to purchase the InTown Suites hotel chain on behalf of its ninth distressed opportunity fund. The price includes the assumption of about $617 million in debt.
- Starwood raises $2bn for Fund IX, eyes year-end close
The Greenwich, Connecticut-based firm is expected to round out its latest distressed opportunity fund at close to $3 billion by the end of 2012, near the high end of its original target range.
- NYSTRS commits $100m to Starwood, Westbrook
The $88 billion pension system has agreed to invest in global real estate funds sponsored by Starwood Capital Group and Westbrook Partners as part of $200 million committed to opportunistic and value-added real estate vehicles in recent months.
- Clairvue fully invests fund, expands team
Following the investing of its first fund, the San Francisco-based firm has made one promotion within its San Francisco office and one hire within its New York location. Clairvue expects to make additional hires over the next year.
- ADIA to hire Starwood asset management head McCarthy
John McCarthy, Starwood Capital Group’s global head of asset management, who held a similar role for the real estate division of collapsed Wall Street bank Lehman Brothers, is expected to join ADIA’s Real Estate Department next month.
- Starwood, New York Life to buy 1372 Broadway
The two firms are purchasing separate aspects of a retail and office property in Manhattan for a total of $325 million. Starwood will acquire the building for $175 million, while New York Life will buy the ground beneath the building for $150 million.
- Europe’s debt mania
A new £1 billion fund launch underlines how senior property debt funds targeting Europe are all the rage currently.
- PERE 30: Blackstone leaves the competition behind
Thanks largely to its current fundraising effort, the New York private equity and real estate giant has increased the distance between itself and its closest competitors. Meanwhile, most of the remaining legacy firms have fallen out of the ranking, opening the door for several new players and returning firms.
- Starwood buys seven US shopping centres for $1bn
The Greenwich, Connecticut-based private equity real estate firm bought the properties from The Westfield Group, which is selling eight of its non-core US centres for $1.15 billion.
- MIPIM 2012: Aeriance to launch €500m senior debt fund
Luxembourg-domiciled Aeriance, which is sponsored by a Kuwaiti sovereign wealth fund, has revealed at MIPIM that it plans to bring to market a €500 million-plus senior debt fund.