Barry Sternlicht wants a “train wreck” in Manhattan’s luxe market, warns of less global money coming into CRE

Barry Sternlicht sees doomsday waiting at the end of Billionaires’ Row. And that could be a good thing for him. Speaking on a second-quarter Starwood Property Trust earnings call, Sternlicht called the development of the high-end residential strip on West 57th Street an impending “debacle.”

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