Starwood Capital Group CEO Barry Sternlicht was not happy about Amazon`s
HQ2 decision and is sharply critical of the way fellow billionaire Jeff
Bezos runs his company. The real estate executive also believes President Donald Trump`s immigration policies are hurting the U.S. economy, and he predicts a recession will come in 2020. Sternlicht shared his strong opinions on these and other topics in a phone interview with Bisnow Thursday afternoon. The CEO will speak on Nov. 28 at Bisnow`s Multifamily Annual Conference East in Tysons, Virginia, alongside Greystar CEO Bob Faith,
with whom he co-founded Starwood in 1991. Sternlicht has since grown
Starwood to a global giant with over $50B in assets under management,
including major holdings in multifamily, hospitality and other
sectors. This interview has been edited and condensed for clarity...
RSK: I hate to tell you this Barry, but Main Street was wiped out of retail a long time ago. Now it is Boutique shopping and restaurants. People enjoy the camaraderie and the experience...what Malls are trying to do and Amazon may never do...unless they go to Brick n Mortar.
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- - Volume: 6 - WEEK: 47 Date: 11/20/2018 7:29:16 AM -