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Search resuls for: "Starwood Capital"


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☆ 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.
☆ 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.
☆ 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.
☆ 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."
☆ 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’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.
☆ 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.
☆ Watch CNBC's full interview with Starwood Capital CEO Barry Sternlicht
  + 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 EmailWatch CNBC's full interview with Starwood Capital CEO Barry SternlichtBarry 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.
☆ Factbox: Redemption wave hits private REITs amid valuation jitters
  + stars: | 2023-01-24 | by ( ) www.reuters.com   time to read: +1 min
NEW YORK, Jan 24 (Reuters) - Investors looking to cash out of non-traded U.S. real estate income trusts (REITs) have pushed redemptions to an all-time high, forcing private equity firms to impose curbs to block withdrawals. The spike in redemptions comes as the returns of private REITs and their publicly-listed counterparts have diverged in recent months. REITs managed by Blackstone, Starwood and KKR reported returns of 8.4%, 6.3%, and 8.32% as of the end of December. Select REIT Total Return Index (.DWRTFT) fell 25.96% over the same period. Reuters Graphics Reuters GraphicsReporting by Chibuike Oguh in New York; Editing by Chizu NomiyamaOur Standards: The Thomson Reuters Trust Principles.
☆ $6 billion fintech iCapital is making 100 new tech hires despite sweeping layoffs and hiring freezes across Wall Street
  + stars: | 2023-01-21 | by ( Paige Hagy | Rebecca Ungarino | ) www.businessinsider.com   time to read: +4 min
Alternative investment fintech iCapital is making 100 new hires in its tech department. iCapital CEO Lawrence Calcano told Insider "great people are always in demand." The fintech, which was founded in 2013, operates a marketplace where investors and firms can get an overview of alternative investments like private equity and hedge-funds. "Long term, there's still strong trends of advisors recommending higher allocations to alternative investments. It bought Wells Fargo's and UBS's alternative investments feeder fund platforms and the companies Artivest, Simon Markets, and AI Insight.
☆ KKR blocks REIT withdrawals in latest redemption wave
  + stars: | 2023-01-19 | by ( Chibuike Oguh | ) www.reuters.com   time to read: +1 min
KKR is the latest manager of private REITS to limit investor withdrawals following similar curbs at REITs managed by Blackstone Inc (BX.N) and Starwood Capital. As a result, KKR allowed investors to redeem just $79.3 million, which is equivalent to approximately 62% of the total investors' repurchase requests of about $128 million. Investors are increasingly looking to cash out of private REITs amid a growing disparity in their returns and those generated by public REITS. KKR reported that its REIT generated an 8.32% return as of the end of December compared with the publicly traded Dow Jones U.S. Select REIT Total Return Index (.DWRTFT), which fell 25.96% over the same period.
☆ The SEC is reaching out to Blackstone and Starwood after the real-estate giants limited investors' withdrawals from their funds, report says
  + stars: | 2022-12-16 | by ( Alex Nicoll | Rebecca Ungarino | ) www.businessinsider.com   time to read: +3 min
Investors are pulling their money from big real estate funds at a quick pace. Blackstone and Starwood recently limited investors' ability to withdraw. The real estate funds have recently seen a surge in withdrawal requests amid a broad drop in investor sentiment and potential economic downturn. Representatives for the SEC and Starwood did not immediately return requests for comment on Friday. But this year has brought challenges as the real estate market sours and more investors are turning bearish.
☆ Blackstone gets a slap from efficient markets
  + stars: | 2022-12-08 | by ( Jonathan Guilford | ) www.reuters.com   time to read: +9 min
NEW YORK, Dec 8 (Reuters Breakingviews) - Private markets seemed, for a while, the perfect antidote to the weirdness of public markets. Those models typically move much more slowly than the rapidly changing prices served up by public markets. These charms became much more potent during the stresses of Covid-19, when it became clear that public markets are not always a ruthlessly efficient price-discovery mechanism. RESILIENCE OR INTRANSIGENCECovid briefly scrambled the world, but bigger changes are coming that may scramble the calculus for private markets. During Covid, public markets seemed backward-looking, overreacting to the present moment while private markets were able to focus on the future.
☆ Blackstone CEO says financially distressed investors driving REIT redemptions
  + stars: | 2022-12-07 | by ( Chibuike Oguh | ) www.reuters.com   time to read: +3 min
Blackstone relies on the REIT for about 17% of its earnings. Large redemptions have been seen at other such funds, with investment firm Starwood Capital informing investors last week that its $14.6 billion non-traded REIT also had raised the gates. There has also been a wave of redemptions at other non-traded Blackstone funds marketed to high net-worth investors. He added the redemptions did not mean the investors were not happy with the REIT and its profits. Blackstone has reported a 9.3% year-to-date return for its REIT, net of fees, a contrast to the publicly traded Dow Jones U.S.
☆ Investors Yank Money From Commercial-Property Funds, Pressuring Real-Estate Values
  + stars: | 2022-12-06 | by ( Konrad Putzier | Peter Grant | ) www.wsj.com   time to read: 1 min
Some investors in Blackstone’s flagship real-estate fund won’t be able to cash out before next year. Big and small investors are queuing up to pull money out of real-estate funds, the latest sign that the surge in interest rates is threatening to upend the commercial-property sector. Blackstone Inc. last week said it would limit the amount of money investors could withdraw from its $69 billion flagship real-estate fund following a surge in redemption requests. Starwood Capital Group shortly after notified investors that it was also restricting withdrawals in a $14.6 billion fund, according to a person familiar with the matter.
☆ Finding Opportunity In A High-Rate Environment
  + stars: | 2022-12-06 | 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 EmailFinding Opportunity In A High-Rate EnvironmentStarwood Capital CEO Barry Sternlicht has made no secret of his displeasure with Fed moves this year, taking aim at rising rates as a threat to capitalism itself. But he's also hinted there are opportunities to be had for savvy investors who know where to look. We'll kick off our summit by talking with the legendary investor about the prospect of a recession and the moves smart investors should be making now in order to avoid the worst of the storm.
☆ Fed policymakers will see 'they blew it' with interest rate hikes, predicts Starwood Capital's Barry Sternlicht
  + stars: | 2022-12-06 | by ( Sarah O'Brien | ) www.cnbc.com   time to read: +1 min
In Starwood Capital CEO Barry Sternlicht's view, the Federal Reserve's ongoing interest rate hikes are driving the U.S. economy straight into a recession. During a session of CNBC's Financial Advisor Summit on Tuesday, Sternlicht said he thinks that an economic contraction will emerge next year and that Fed Chairman Jay Powell "will see that they blew it." "The economy is absolutely going into a recession, and it's absolutely definitive," Sternlicht told CNBC's Sara Eisen, who moderated the session. Right now, the 10-year Treasury bond is yielding roughly 3.6%, compared with the 2-year bond's yield of almost 4.4%. While inflation is a normal part of an economy, the current rate is far above the Federal Reserve's target of 2% over the long run.
☆ Inflation is coming down. Here's what that means for your annual pay raise
  + stars: | 2022-11-25 | by ( Eric Rosenbaum | ) www.cnbc.com   time to read: +7 min
Once you pay people more, it's hard to claw that back even when inflation starts to come back down. Inflation and annual pay are not in a one-to-one relationship. That became clear to many workers last year when their annual merit increases in salary and wages were not anywhere near the four-decade highs for inflation. But Reilly said that to date, the numbers are "solidly at 4%" for both executive and rank-and-file pay increases. Pearl Meyer research indicates that merit increases are a lagging indicator relative to inflation and costs.
☆ Is the Fed 'going rogue'? Calls heat up to back off quest for 2% inflation
  + stars: | 2022-11-19 | by ( Jeff Cox | ) www.cnbc.com   time to read: +6 min
For at least a decade, the Federal Reserve's position that a 2% inflation rate is where the economy best functions has been taken as gospel. 'Going rogue' "As far as 2% is concerned, I think it's stupid," said Jim Paulsen, chief investment officer at Leuthold Group. Paulsen and Sternlicht aren't the only critics of Fed policy. Achieving a steady 2% inflation rate, however, has proven elusive for the Fed. 'The gold standard' for policy But Fed Chairman Jerome Powell and most of his colleagues have rebuffed calls to raise the goal.
☆ Starwood's Barry Sternlicht says what the Fed is doing to the economy is 'suicide'
  + stars: | 2022-11-17 | by ( Carmen Reinicke | ) www.cnbc.com   time to read: +1 min
The Federal Reserve's moves in 2022 to aggressively raise interest rates to cool down inflation will inflict greater harm to the economy than expected, according to Barry Sternlicht, chairman and CEO of Starwood Capital Group. The impact of the Fed's rate hikes won't hit right away, he said. Instead, companies will pull back their budgets for 2023 as they worry about economic recession and consumer weakness. "It's going to slow the economy, it cannot do anything other than that," he said. The U.S. Treasury may have to start buying its own assets, doing its own kind of quantitative easing while the Fed is increasing interest rates and trying to slow the economy, he said.
☆ Inflation is coming down hard and faster than expected, says Barry Sternlicht
  + stars: | 2022-11-17 | 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 coming down hard and faster than expected, says Barry SternlichtBarry Sternlicht, CEO of Starwood Capital, joins CNBC's 'Squawk Box' to discuss his forecast for inflation, the strong U.S. labor market, and more.
☆ Major Miami Beach Real-Estate Projects Nixed by Voters
  + stars: | 2022-11-14 | by ( Deborah Acosta | ) www.wsj.com   time to read: 1 min
Miami Beach voters in a series of referendums last week derailed three major real-estate projects from top U.S. developers, reflecting a budding backlash against certain new development plans for the city. Property developer Stephen Ross , Related Cos. chairman and owner of the Miami Dolphins, had been planning to replace the historic Deauville Beach Resort on Collins Avenue with a new hotel and development. Starwood Capital Management , led by Chief Executive Barry Sternlicht , and Miami developer Don Peebles Jr. have also been preparing to build new office towers near the ocean.
☆ JPMorgan is the latest company to try to profit by taking old-school rent checks online
  + stars: | 2022-11-08 | by ( Jordan Pandy | ) www.businessinsider.com   time to read: +7 min
More than 100 million people in the US pay a total of $500 billion in rent each year, per JPMorgan. JPMorgan and many startups are taking the rent check online to get a cut of that pool of money. Historically, America's 44.2 million renters have written checks to their landlords and kissed that cash goodbye. Renters living at one of the 2.5 million "Bilt Alliance" properties, have the ability to report their rent payments to Experian, TransUnion, and Equifax. Once enrolled, renters can earn Pinata Cash that can be spent at retailers like Starbucks, Amazon, and Target, and also have their rent payments reported to TransUnion.
☆ An often-overlooked economic measure is signaling serious trouble ahead
  + stars: | 2022-10-20 | by ( Jeff Cox | ) www.cnbc.com   time to read: +5 min
However, Fed officials are stressing that they're far from finished when it comes to raising rates. "When this basket is signaling the weakness that it's showing, what the Fed typically does is not raise rates. But in this case, it's not only raising rates aggressively, but with a commitment to continue raising rates aggressively." In addition to the typical headline metrics such as the consumer price index and the Fed's preferred personal consumption expenditures price index, the Cleveland Fed's "sticky price" CPI rose 8.5% on an annualized basis in September, up from 7.7% in August. The measure looks at items such as rent, the price of food away from home and recreation costs.
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