Starwood's Barry Sternlicht Has Just About Had It
Almost six months ago, Barry Sternlicht forecast a more arduous recovery from the coronavirus than many experts in the real estate industry were predicting. He said a second wave of infections would likely cripple the economic recovery, but states would both refuse to shut down again and not do enough to save small businesses.
Much to his disappointment, he turned out to be right.
Speaking again on the Walker & Dunlop Walker Webcast on Wednesday, the Starwood Capital Group CEO discussed a wide array of topics, from his predictions for malls and hotels to where he is deploying his personal capital in the current market. But he also inveighed against some…
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