Starwood Capital Group Purchases Liberty Center in Pittsburgh
Starwood Capital Group Purchases Liberty Center in Pittsburgh Transaction includes Federated Tower and the Westin Pittsburgh GREENWICH, Conn., Aug. 2, 2013 /PRNewswire/ -- Starwood Capital Group, a leading global private investment firm focused on real estate, announced today that an entity controlled by Starwood Distressed Opportunity Fund IX has acquired Liberty Center, a prominent mixed-use office and hotel asset located in downtown Pittsburgh's "Golden Triangle." The property was acquired from a partnership that included Forest City Enterprises, Inc. and Jos. L. Muscarelle, Inc., for a gross selling price of $135 million. http://www.prnewswire.com/news-releases/starwood-capital-group-purchases-liberty-center-in-pittsburgh-218083091.html