The billionaire head of Sternwood Capital blamed Federal Reserve chief Jerome Powell's interest rate campaign for killing activity in the multifamily sector
The star-studded event held at The Breakers featured guests like Fredrik Eklund, John Gomes, Howard Lorber, Don Peebles and Oren Alexander, as well as former President Donald Trump
Starwood Capital Group Chairman and billionaire real estate investor Barry Sternlicht claims Fed inaction has all but ensured a recession is on the way. 'Nobody wants to sell anything today'