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Video27 June 2020

Sternlicht Sees NYC Worst Off as Pandemic Takes Toll on Real Estate

Starwood Capital Founder and Chief Executive Officer Barry Sternlicht explains how the coronavirus pandemic is affecting real estate rents and values and why New York's property market is on the brink of collapse. He spoke exclusively with Bloomberg's Erik Schatzker on "Front Row."Sternlicht, who left Greenwich, Connecticut, to take up residence in Miami, also shared his thoughts on politics and the 2020 election: