Jun.25 — Starwood Capital Founder and Chief Executive Officer Barry Sternlicht explains how the coronavirus pandemic is affecting real estate rents and values and why New York’s property market is on the brink of collapse. He spoke exclusively with Bloomberg’s Erik Schatzker on “Front Row.”
Sternlicht, who left Greenwich, Connecticut, to take up residence in Miami, also shared his thoughts on politics and the 2020 election:
Miami, officially the City of Miami, is a coastal metropolis located in Miami-Dade County in southeastern Florida, US. With a population of 467,963 as of the 2020 census, it is the 44th-largest city in the United States and the core of the nation’s eighth-largest metropolitan area.
New York is a state in the northeastern U.S., known for New York City and towering Niagara Falls. NYC’s island of Manhattan is home to the Empire State Building, Times Square and Central Park. The Brooklyn Bridge connects Manhattan with the borough of Brooklyn. The iconic Statue of Liberty stands in New York Harbor. To the east, Long Island has beaches, the Montauk Lighthouse, the ritzy Hamptons and Fire Island.
