Miami Beach voters turned down ballot measures that would have paved the way for Related Cos. and Starwood Capital developments.
Judges in NYC and LA ruled that Joel Schreiber owes almost $100M to lenders for violating agreements.
Starwood completes one of the first distressed deals since the coronavirus pandemic hit.
Starwood pays a premium to the price of RDI's shares, but a discount to the last valuation of its assets.
Starwood Capital Group's CEO predicts how and why the office market is in disarray.
SREIT faced another $200M in redemption requests on May 1.
Starwood CEO Barry Sternlicht on Wednesday explained the choice to cap withdrawals for SREIT to 0.33% of NAV as it waits out interest rate cuts.
Starwood Property Trust has already invested $4B in 2026, and CEO Barry Sternlicht said the REIT was managing the portfolio to boost value.
Oaktree Capital plans to raise $2B to acquire assets at a discount in non-gateway markets.
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