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Starwood to help finance NYC’s Hudson Yards

Starwood Property Trust Inc. led the origination of a $475 million loan for the first phase of Related Cos. and Oxford Properties Groups' Hudson Yards development on Manhattan's West Side.

Starwood firms reach $1B deal with distressed property company

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.