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Will the pandemic-era interest in the great outdoors continue? Barry Sternlicht is betting it will.
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Starwood is raising $10B for its latest opportunity fund.
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The 373K SF portfolio of Miramar offices traded for $45M to YMP Real Estate Management and investor Nathan Pollack.
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Starwood takes a half interest in the company, which builds in Ireland and the UK.
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The Starwood Capital Group CEO said investors are returning to real estate after pouring money into AI. "We can see the sun" for the first time, he said.
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Starwood alleges Alan Stalcup owes $110M after the investor breached several recourse guarantees backed by three Sunbelt properties.
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The 2021-founded company, which focuses on the ‘hotelification’ of short-term rentals, has expanded significantly since its 2022 Series A fundraising round.
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A Beacon Capital Management fund and Arizona-based 3Edgewood Real Estate are the new owners of the PCT towers.
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Property values for the hotels have dropped by more than half since the loan was originated.
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Starwood sells West Palm Beach shopping center to Invesco for $133M.
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