Barry Sternlight and Mort Zuckerman are in the thick of it. Both run REITs that focus on two of the most battered sectors in the business: mortgages and office buildings. Sternlicht, a commercial real estate veteran, took Mortgage REIT Starwood Properties Trust (STWD), public in August, while 72 year old Zuckerman has been running Boston [...]
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Bank Failures Could Surge as Commercial Real Estate Losses Continue to Mount
(Money Morning, 9/16/09)
Commercial Real Estate Time Bomb Set to Explode
(Expected Returns, 10/1/09)
Wilbur Ross: 500 More Banks to Fail
(Wealth Daily, 9/3/09)
