Barry Sternlicht, chairman and chief executive officer of Starwood Capital Group LLC, said he plans to more than triple the firm’s investments in Europe as returns on real estate on the continent are among the highest.
Barry Sternlicht’s Starwood Capital Group LLC and partner Vision Equities bought the 1 Wells Fargo Center office tower in Charlotte, North Carolina, as property investors seek higher yields in secondary U.S. markets.
Starwood Capital Group LLC, the investment firm led by Barry Sternlicht, bought nine U.S. office buildings for $260.5 million to gain income-producing properties in markets with job growth and limited new supply.
When Jay Sugarman’s IStar Financial Inc. bought Fremont General Corp.’s commercial lending business in June 2007, the deal brought loans on undeveloped residential land as new home sales were two years into a six-year slide.
Crillon, the 100-year-old hotel that housed General Eisenhower after the Liberation of Paris, is auctioning off almost everything, from beds and curtains to 2,000 bottles of wine and doormen’s uniforms.
Tri Pointe Homes Inc., the first U.S. homebuilder to go public since 2004, is altering designs and buying lots farther from city centers as land prices rise faster than expected, President Tom Mitchell said.