How much are NYC hotels hurting?   

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During a recent earnings call, Starwood Property Trust CEO Barry Sternlicht broached a touchy topic in the real estate world: the possibility of a recession. The head of the $56 billion real estate investment trust told investors and analysts that “the only thing we have to worry about is a calamitous recession,” warning of a slowing economy largely thanks to the national political environment. Specifically, Sternlicht said Starwood needs to be “über-careful” in the hotel
          

Smith joins Treehouse Real Estate Investment Trust   

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Treehouse Real Estate Investment Trust Inc said Oct. 4 David Smith has joined as executive vice president and CFO. Smith, a former managing director of Fortress Investment’s private equity group, was most recently executive vice president and CFO of New Senior Investment Group Inc.
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