DIRS.INFO The most relevant business & tech news

☆ Why the biggest real estate funds still struggle
▼ + stars: | 2024-05-17 | by ( Daniel Geiger | ) www.businessinsider.com time to read: +8 min

Read previewBlackstone, the world's largest landlord, contends the worst is over for commercial real estate. In the first quarter, shareholders in Blackstone Real Estate Income Trust, or BREIT, its $59 billion flagship real estate investment fund, pulled out almost a billion dollars a month on average, according to the company's first-quarter earnings statement. A similar investment fund operated by Barry Sternlicht's Starwood Capital has had an even greater retreat by investors. Share pricing is determined through appraisals of the value of the underlying real estate holdings. In May, Blackstone Real Estate Partners X also completed the $3.5 billion acquisition of Tricon Residential, an owner of single family rental homes.

Persons: —, Barry Sternlicht's, Kevin Gannon, BREIT, reinvigorating, anemic, REITs, Jonathan Gray, Blackstone Heidi Gutman, NBCUniversal, Jon Gray, they're, Gray, outperformance, redemptions, Blackstone, Gannon, They're, Sternlicht, Todd Henderson, REIT, Henderson, It'll Organizations: Service, Investors, Income Trust, Business, Barry Sternlicht's Starwood Capital, Starwood Real, Blackstone, Starwood, KKR, Apollo, Federal Reserve, Communities, Blackstone Real Estate Partners, Tricon Locations: Blackstone, Brookfield, BREIT, Tricon, Nashville, DWS

☆ More companies would move to Miami if there were more private schools, says billionaire Miami convert Barry Sternlicht
▼ + stars: | 2024-05-10 | by ( Shubhangi Goel | ) www.businessinsider.com time to read: +1 min

More companies would move to Miami if there were more private schools, said Barry Sternlicht. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementOne hiccup prevents Miami from attracting more money and talent, according to billionaire real estate fund manager and Miami transplant Barry Sternlicht. The city doesn't have enough private schools, he said in an interview on Thursday with Bloomberg Television. This story is available exclusively to Business Insider subscribers.

Persons: Barry Sternlicht, — Organizations: Citadel, Service, Miami, Bloomberg Television, Starwood Capital Group, Business Locations: Miami

☆ Billionaire Barry Sternlicht predicts weekly bank closures as the real estate sector battles high interest rates and inflation
▼ + stars: | 2024-05-09 | by ( Erin Snodgrass | ) www.businessinsider.com time to read: +1 min

Billionaire Barry Sternlicht is worried about America's regional and community banks. Sternlicht told CNBC that banks may bear the consequences of the real estate crisis. AdvertisementBillionaire Barry Sternlicht offered an ominous prediction about America's regional banks amid a coming commercial real estate reckoning. The Starwood Capital Group CEO told CNBC on Tuesday that he thinks real estate's primary lenders — regional and community banks — could soon be bearing the brunt of high interest rates and inflation. "You're going to see a regional bank fail every day, or not — every week, maybe two a week," Sternlicht said.

Persons: Barry Sternlicht, Sternlicht, — Organizations: CNBC, Service, Starwood Capital, Business

☆ The Fed 'went crazy' with rates and did big damage to the real estate market, billionaire mogul Barry Sternlicht says
▼ + stars: | 2024-03-07 | by ( Jennifer Sor | ) www.businessinsider.com time to read: +5 min

The real estate market is "collateral damage" in the Fed's inflation fight, Barry Sternlicht said. AdvertisementThe commercial real estate market is hurting, and that's largely thanks to the Federal Reserve's aggressive rate hikes which have battered the economy, real estate billionaire Barry Sternlicht said. In an interview on "In Depth with Graham Bensinger," the real estate investor and Starwood Capital CEO sounded off the Fed's policy-tightening campaign since early 2022. AdvertisementLast year, Sternlicht warned of a "Category 5 hurricane" coming for the real estate market, which he believed could be followed by a recession. Still, Sternlicht said he was optimistic about the real estate market going forward, and while property prices have plunged, that creates investment opportunity.

Persons: Barry Sternlicht, I've, Sternlicht, —, Graham Bensinger, Morgan Stanley, Sternlict, Powell, Joe Biden Organizations: Starwood, Service, Starwood Capital CEO, Bloomberg, Fed, Wall, Infrastructure Investment, Investors

☆ Let's accept it: The Fed's rate hikes did little to slow this roaring economy
▼ + stars: | 2024-02-19 | by ( Jim Cramer | ) www.cnbc.com time to read: +12 min

OK, you will never confuse me for a rapper, but those are the four words that describe this economy right now. I have not been a fan of this company because of its losses and its inability to pivot to profit. You have to add the DoorDash numbers to the Toast numbers to see the strength of the go-out and go-in parts of the economy. I am just saying that the Federal Reserve does not have a handle on how overheated this economy has become. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade.

Persons: Todd Schneider, Kevin Hourican, Ralph Lauren, Ralph, That's, Lam, Barry Sternlicht, Otis, There's, Eaton, Parker, Uber, it's, Morgan Stanley, Jim Cramer's, Jim Cramer, Jim, Justin Sullivan Organizations: Walmart, Home, Philadelphia Eagles, Applied Materials, Federal Reserve, Simon Property Group, Costco, Property, Reuters, Saudi, Mastercard, American Express, Lam Research, Nvidia's, Waste Management, Starwood Capital, U.S, Fed, Jim Cramer's Charitable, CNBC Locations: DraftKings, China, Emerson, Dover, Cummins, —, Wells Fargo, San Francisco

☆ Commercial real estate is in big trouble — and the problems may have major financial fallout
▼ + stars: | 2024-02-16 | by ( Theron Mohamed | ) www.businessinsider.com time to read: +7 min

Read previewThe tremors rattling US commercial real estate are spreading to other countries and sectors, and threaten to escalate into a financial earthquake as refinancing deadlines loom. There are growing signs that commercial real estate is in serious trouble. AdvertisementProspective losses, refinancing woes, international contagion, and panic selling combine to create a bleak outlook for the commercial property sector. The catalyst for both the banking and commercial real estate drama is deceptively dry: rising interest rates. AdvertisementMoreover, "Undercover Billionaire" star and real estate tycoon Grant Cardone has hailed the ongoing correction as a rare chance for everyday people to buy "trophy real estate" from institutional owners.

Persons: —, aren't, Barry Sternlicht, Pfandbriefbank, Warren Buffett, Ian Jacobs, Jacobs, Grant Cardone Organizations: Service, Business, Starwood Capital's, Bloomberg, European Central Bank, New York Community Bancorp, Investors, Silicon Valley Bank, Federal Reserve, Wall Street, Berkshire Hathaway, Ares Management Locations: Europe, Silicon, San Francisco, New York City, Manhattan, Los Angeles

☆ Commercial real estate investment plummeted to the lowest level since 2012 last year
▼ + stars: | 2024-02-08 | by ( Yuheng Zhan | ) www.businessinsider.com time to read: +3 min

Read previewThe US commercial real estate market saw a steep drop in investment last year, with capital flows into the market plummeting by more than 50% to the lowest level since 2012. That brought the full-year investment total to $348 billion, a 52% decline from 2022, according to CBRE. CBRE noted a 91% year-over-year drop in direct real estate company investments to $1.4 billion in Q4, citing increased financing costs. New York took the lead with $33 billion in investment, followed by Los Angeles at $30 billion. AdvertisementThe dimming outlook for commercial real estate —offices in particular — is linked to the tighter financing conditions that many commercial landlords now face.

Persons: —, CBRE, Barry Sternlicht Organizations: Service, Business, New York, Los, Starwood Capital, Capital Locations: Los Angeles

☆ The office meltdown will result in $1 trillion of losses, real estate billionaire Barry Sternlicht says
▼ + stars: | 2024-01-30 | by ( Yuheng Zhan | ) www.businessinsider.com time to read: +1 min

Billionaire Starwood CEO Barry Sternlicht sees losses on office properties hitting $1 trillion, per Bloomberg. Office values have plummeted as remote work proves to be a lasting legacy of the pandemic. AdvertisementThe ailing office market is headed for $1 trillion of losses, billionaire and Starwood Capital CEO Barry Sternlicht said. Per Bloomberg, Sternlicht said at the Global Alts conference in Miami Beach that US office properties, once a $3 trillion market, are worth about $1.8 trillion now. The cratering values have been the result of remote work being solidified as a lasting legacy of the COVID-19 era.

Persons: Barry Sternlicht, —, Per, Sternlicht Organizations: Starwood, Bloomberg, Service, Starwood Capital, Per Bloomberg, Global, Business Locations: Miami Beach

☆ Blackstone frontrunner in Signature Bank commercial-property loan sale, Bloomberg reports
▼ + stars: | 2023-11-19 | by ( ) www.reuters.com time to read: +1 min

A person waits for a teller at a Signature Bank branch in New York City, U.S., March 13, 2023. REUTERS/David 'Dee' Delgado Acquire Licensing RightsNov 19 (Reuters) - Blackstone (BX.N) is the lead to win the $17 billion portfolio of commercial-property loans from the U.S. Federal Deposit Insurance Corp's (FDIC) sale of Signature Bank debt, Bloomberg News reported on Sunday. In September, the FDIC was seeking buyers for the $33 billion commercial real estate loan portfolio of failed New York lender Signature Bank. The entire portfolio sale has yet to close," it said. Blackstone, and Newmark Group did not immediately respond to requests for comment.

Persons: David, Dee, Delgado, Newmark, Blackstone, Chandni Shah, Lisa Shumaker, Bill Berkrot Organizations: Bank, REUTERS, Blackstone, U.S . Federal Deposit Insurance, Signature Bank, Bloomberg, Starwood Capital Group, Brookfield Asset Management, FDIC, Newmark Group, Thomson Locations: New York City, U.S, New York, Bengaluru

☆ Why the Fed could be wrong — again — on its latest interest rate call
▼ + stars: | 2023-10-30 | by ( Jeff Cox | ) www.cnbc.com time to read: +6 min

"The Fed has never kept the target fed funds rate at peak levels for longer than nine months after a tightening cycle," Arone said. Nine months from now, at least based on history, the target fed funds rate is likely to be lower, not higher." He also sees lower rates ahead and pointed out the history of what happens with tight monetary policy. "The market is eager for lower rates or rate cuts. If the Fed has to rate cuts, it's likely because we're in recession or something in the capital markets is broken," he said.

Persons: Jerome Powell, aren't, Michael Arone, Powell, JPMorgan Chase, Jamie Dimon, Arone, Barry Sternlicht, —, I'm, They've, Thomas Ryan, Nick Elfner, Elfner, Breckinridge, Street's Arone Organizations: Federal, U.S, SPDR, State Street Global Advisors, Fed, JPMorgan, Starwood Capital, Future Investment Initiative, Capital Economics, Breckinridge Capital Advisors Locations: United States, Saudi Arabia, U.S, Breckinridge

☆ Rates in the U.S. will come down, Starwood Capital Group CEO says
▼ + stars: | 2023-10-25 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailRates in the U.S. will come down, Starwood Capital Group CEO saysBarry Sternlicht, Starwood Capital Group chair and CEO, discusses the state of the U.S. economy, including its labor market and real estate.

Persons: Barry Sternlicht Organizations: Starwood Capital, Starwood Capital Group Locations: U.S

☆ The Fed is throwing 'kerosene on the fire' and needs to end rate hikes as inflation is probably already at 2%, billionaire real estate mogul Barry Sternlicht says
▼ + stars: | 2023-09-29 | by ( Jennifer Sor | ) www.businessinsider.com time to read: +3 min

The Fed's rate hikes are the equivalent of throwing "kerosene on the fire," Barry Sternlicht said. The real estate mogul has been a loud critic of the Fed policy. High interest rates mean the US is bound to enter a slowdown, he warned in a recent interview. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . Central bankers raised interest rates aggressively in the last 18 months to lower inflation.

Persons: Barry Sternlicht, —, Sternlicht, Powell Organizations: Service, Reserve, Starwood Capital Group, Fed, CNBC Locations: United States

☆ Barry Sternlicht on why the Fed should stop hiking interest rates: The economy is going to slow
▼ + stars: | 2023-09-29 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailBarry Sternlicht on why the Fed should stop hiking interest rates: The economy is going to slowBarry Sternlicht, Starwood Capital chairman and CEO, joins 'Squawk Box' to discuss the state of the U.S. economy, the Fed's inflation fight, impact of high interest rates, recession outlook, labor market, and more.

Persons: Barry Sternlicht Organizations: Starwood Capital Locations: U.S

☆ FDIC launches sale of $18.5 billion of Signature Bank loans
▼ + stars: | 2023-07-28 | by ( ) www.reuters.com time to read: +1 min

July 28 (Reuters) - The U.S. Federal Deposit Insurance Corporation (FDIC) set in motion the sale of an $18.5 billion loan portfolio from Signature Bank this week, a set of loans linked to major private equity and investing firms, according to the regulator's website. The FDIC hired Newmark Group (NMRK.O) in March to sell about $60 billion of Signature Bank's loans, after state regulators decided to close down the failed lender amid a turmoil in regional banks earlier this year. The sale was launched on July 25 and is limited to FDIC-insured depository institutions, the Bloomberg report said. The notice reads that the loans for sale "consist of subscription credit facilities to private equity funds." Reporting by Pritam Biswas in Bengaluru; Editing by Arun KoyyurOur Standards: The Thomson Reuters Trust Principles.

Persons: Thoma, Newmark, Pritam Biswas, Arun Koyyur Organizations: U.S, Federal Deposit Insurance Corporation, Signature Bank, Starwood Capital Group, Carlyle Group, Blackstone, Thoma Bravo, Brookfield Asset Management, Bloomberg, FDIC, Newmark Group, Thomson Locations: Bengaluru

☆ Real estate billionaire Barry Sternlicht says the storm heading for the sector is unavoidable - and recession is coming despite soft landing talk
▼ + stars: | 2023-07-27 | by ( Jennifer Sor | ) www.businessinsider.com time to read: +3 min

The billionaire Starwood CEO predicted a coming recession and "Category 5 hurricane" in the real estate sector. download the app Email address By clicking ‘Sign up’, you agree to receive marketing emails from Insider as well as other partner offers and accept our Terms of Service and Privacy PolicyA storm is headed for the real estate sector, and a recession is coming despite growing talk of a soft landing, according to real estate billionaire Barry Sternlicht. Higher rates and tighter financial conditions spell trouble for the real estate sector in particular. "I like to say there's a hurricane over real estate right now. While labor markets are hot still, inflation is steadily cooling, leading to talk of a Goldilocks scenario in which the Fed can lower inflation without crushing demand or crimping growth.

Persons: Barry Sternlicht, Sternlicht, David Rubenstein Organizations: Starwood, Service, Starwood Capital CEO, Bloomberg Wealth, Board Locations: Wall, Silicon

☆ Commercial real estate is being battered by a 'hurricane' as higher interest rates bite, billionaire investor Barry Sternlicht says
▼ + stars: | 2023-07-21 | by ( Zahra Tayeb | ) www.businessinsider.com time to read: +2 min

Commercial real estate is in a "Category 5 hurricane" from rate hikes, Barry Sternlicht said. The commercial real estate industry is in a "Category 5 hurricane" from the the Federal Reserve's interest rate hikes, according to billionaire investor Barry Sternlicht. After months of tight monetary policy, the Fed paused its interest-rate hiking cycle in June amid rising fears about the commercial real estate and banking sectors. A combination of higher interest rates, a credit squeeze, and remote work trends are squeezing the commercial real estate industry. Still, he remains optimistic: "When the Fed basically tells you they're done, I think real estate will catch a very firm bid."

Persons: Barry Sternlicht, David Rubenstein, Sternlicht Organizations: Bloomberg, Sternlicht's Starwood Capital Group, Starwood Capital, Fed Locations: Atlanta

☆ Starwood Capital CEO Barry Sternlicht: Labor force 'structurally hard' to kill with interest rates
▼ + stars: | 2023-06-22 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailStarwood Capital CEO Barry Sternlicht: Labor force 'structurally hard' to kill with interest ratesBarry Sternlicht, Starwood Capital chairman and CEO and chairman of Starwood Property Trust, joins 'Squawk Box' to discuss the Fed's inflation fight, commercial real estate, market outlook, and more.

Persons: Barry Sternlicht Organizations: Starwood Capital, Labor, Starwood Property Trust

☆ Starwood Capital's Barry Sternlicht says the U.S. is going into a 'serious' recession
▼ + stars: | 2023-04-04 | by ( Yun Li | ) www.cnbc.com time to read: +1 min

Starwood Capital CEO Barry Sternlicht said Tuesday that a severe economic downturn is inevitable. "I think we're going into a serious recession," Sternlicht said on CNBC's " Squawk Box ." However, Dimon said he believes that the U.S. might be able to skirt a recession. Sternlicht previously said he and his colleagues looked at six regional banks and studied their mark-to-market losses on assets. They know that this cannot last and we have the very low consumer confidence, very low savings rates, very low CEO confidence, and a series of layoffs coming through the service industries," Sternlicht said.

☆ Inflation is going to drop hard, says Starwood Capital CEO
▼ + stars: | 2023-04-04 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailInflation is going to drop hard, says Starwood Capital CEOBarry Sternlicht, Starwood Capital Group chairman and CEO, joins CNBC's 'Squawk Box' to discuss Sternlicht's reaction to Jamie Dimon's recent comments, the lag effect of rent growth, and more.

☆ Watch CNBC's full interview with Barry Sternlicht on the SVB fallout and state of U.S. economy
▼ + stars: | 2023-04-04 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch CNBC's full interview with Barry Sternlicht on the SVB fallout and state of U.S. economyBarry Sternlicht, Starwood Capital Group chairman and CEO, joins CNBC's 'Squawk Box' to discuss his reaction to Jamie Dimon's recent comments, the lag effect of rent growth, and more.

☆ The spiraling banking crisis is leaving traders divided, Jim Cramer says
▼ + stars: | 2023-04-04 | by ( Rohan Goswami | ) www.cnbc.com time to read: +2 min

watch nowThe spiraling banking crisis has prompted concerns about liquidity, credit and defaults, CNBC's Jim Cramer said Tuesday, and is leaving traders split. That represents an opportunity to buy into economically sensitive stocks, Cramer argued, because it suggests the Fed is nearly done tightening rate hikes. DefensiveCramer said the second set, defensive traders, are wrong because just a few weeks ago the defensive pharma and packaged goods names were being "pummeled" because they were perceived as too defensive. "It's ridiculous," Cramer said, that those traders think the outlook is much improved. How about sizable layoffs and a big juicy earnings surprise, something that it seems incapable of delivering," Cramer said.

☆ Barry Sternlicht warns the economy is facing a sharp slump as the Fed uses 'a steamroller to get the price of milk down 2 cents'
▼ + stars: | 2023-03-24 | by ( George Glover | ) www.businessinsider.com time to read: +2 min

Barry Sternlicht warned Thursday that a sharp economic downturn is coming in the US. Jerome Powell "is using a steamroller to get the price of milk down two cents, to kill a small fly," Sternlicht said. "[Fed chair Jerome Powell] is using a steamroller to get the price of milk down two cents, to kill a small fly." "I think it's time we changed the conversation – there's good inflation and bad inflation," he told CNBC. "Good inflation is wage inflation."

☆ Starwood Capital’s Barry Sternlicht sees the economy having a hard landing due to Fed rate hikes
▼ + stars: | 2023-03-23 | by ( Yun Li | ) www.cnbc.com time to read: +1 min

Starwood Capital CEO Barry Sternlicht said the U.S. is headed into a recession because the Federal Reserve has been hiking interest rates too aggressively. "The economy will have a hard landing," Sternlicht said on CNBC's " Squawk Box " Thursday. The Fed and other regulators took emergency actions to safeguard depositors at the failed banks, but concerns still linger about a run on deposits at some regional banks. Sternlicht said he and his colleagues looked at six regional banks over the weekend and studied their mark-to-market losses on assets. "They didn't even stress test these banks if rates rose, so they should have been the first ones to see what they were doing to the regional banks," Sternlicht said.

☆ The economy will have a hard landing from inflation: Starwood Capital CEO Barry Sternlicht
▼ + stars: | 2023-03-23 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThe economy will have a hard landing from inflation: Starwood Capital CEO Barry SternlichtBarry Sternlicht, Starwood Capital Group chairman and CEO, joins CNBC's 'Squawk Box' to discuss his reaction to the Federal Reserve's decision to raise the federal funds rate, how the Federal Reserve is working to counter inflation, and more.

☆ Starwood Capital CEO Barry Sternlicht weighs in on the current labor market
▼ + stars: | 2023-01-26 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailStarwood Capital CEO Barry Sternlicht weighs in on the current labor marketBarry Sternlicht, Starwood Capital Group chairman and CEO, joins CNBC's 'Squawk Box' to discuss the Federal Reserve's rate path, the country's murky labor picture, and more.

Search resuls for: "Starwood Capital"

25 mentions found