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Westchester has morphed from a sleepy bedroom community that rarely saw any interest from developers outside the county to a vibrant county attracting major developers.
Starwood Property Trust Inc. and Starwood Capital Group, both led by billionaire investor and Greenwich resident Barry S. Sternlicht, will acquire distressed property manager LNR Property L.L.C. for $1.05 billion in cash, the companies announced Jan. 24.