Some illuminating facts on the ground in this segment.
Starwood Capital Group CEO Barry Sternlicht says regional banks have a “giant skeleton in the closet” when it comes to real estate loans. Speaking on Bloomberg Television, Sternlicht also discusses the state of the real estate market and his support for presidential candidate Nikki Haley. Here is a direct video link.
See more on the broader implications in The time bomb lurking in all those empty office buildings.
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