Distressed commercial real estate gets a bid, with Starwood Property (STWD) enhancing its reach...

|About: Starwood Property Trust,... (STWD)|By:, SA News Editor

Distressed commercial real estate gets a bid, with Starwood Property (STWD) enhancing its reach in the sector with a deal to buy Cerebus' LNR Property for $1.05B in cash. Starwood expects the acquisition - slated to close in Q2 - will be immediately accretive to earnings and cash flow. (PR)