Starwood’s Barry Sternlicht Says Real Estate Health Is Tied to Tech Bloomberg The fate of U.S. office markets is intertwined with that of the biggest technology companies, Starwood Capital Group Chairman Barry Sternlicht said.
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Barry Sternlicht-led Starwood Capital manages about $52 billion in assets and focuses on real estate. Dallas-based Milestone, which went public in Toronto in 2013, owns and manages apartment.
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"The recent Iranian attacks validate the reliable, credible intelligence we have received on hostile behavior by Iranian forces," Shanahan says. global real estate. said Sternlicht, chairman and.
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Starwood CEO barry sternlicht: ‘The Endgame For Amazon Is To Wipe Out Main Streets Of America’ November 16, 2018 Jon Banister, Bisnow Washington, D.C. National Economy
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The tech giants are "critical" to the health of the real estate market and the economy because they lease large amounts of office space in U.S. cities, Sternlicht said. That concentrated demand makes tech stocks and real estate markets more closely correlated than they have ever been, he said.
That concentrated demand makes tech stocks and real estate markets more closely correlated than they have ever been, he said. Separately, Sternlicht said that Starwood has invested about half of its $7.55 billion fund that closed in April 2018 in properties such as the Wells Fargo Centers in Minneapolis and Portland, Oregon and the St. Regis Princeville Resort in Kauai, Hawaii, which it intends to renovate.
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