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Real estate-focused private investment firm Starwood Capital Group on Thursday revealed that it acquired a 50% stake in Dublin, Ireland-based Echelon Data Centres through an $850 million investment, valuing Echelon at roughly €2.5 billion ($2.69 billion) in a deal built by three firms. ....
Eight Must Reads for the CRE Industry Today (July 22, 2021) The New York Times chronicles the expected battles that may emerge among employers and workers over working from home. A House panel has called on several major SFR firms to provide testimony on recent evictions. These are among today’s must reads from around the commercial real estate industry. The Battles to Come Over the Benefits of Working From Home “People tend to think the fights will be over whether employers will allow remote work in the future. But a more vexing struggle may be over whether employers take most or all of these newfound benefits for themselves not by prohibiting remote work but by expecting more hours from employees once the labor market is not as favorable to workers as it is right now.” ( ....
Blackstone, Starwood Capital to buy Extended Stay for $6-billion theglobeandmail.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from theglobeandmail.com Daily Mail and Mail on Sunday newspapers.