Real Estate
Starwood Strikes Deal for Goldman, Dalfen Warehouse Portfolio
Investors have been drawn to warehouses in part because of the boom in e-commerce.
Photographer: Bing Guan/BloombergStarwood Capital Group bought a warehouse portfolio for about $685 million, signaling increased demand for distribution centers closer to consumers.
Starwood bought the 38 warehouses from Goldman Sachs Group Inc. and Dalfen Industrial, according to a statement. Dalfen will continue to operate the portfolio.