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

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)
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