Starwood Property Trust, Inc. (NYSE: STWD) (the "Company") today announced the pricing of an underwritten public offering of 16,000,000 shares of its common stock for total estimated gross proceeds of approximately $397.1 million (or approximately $456.7 million if the option to purchase additional shares is exercised in full). The underwriters have a 30-day option to purchase up to an additional 2,400,000 shares from the Company. Settlement of the offering is subject to customary closing condit
Miami Beach officials will soon make the first move toward rolling back alcohol-serving hours to 2 a.m. from 5 a.m., though it's unclear if such an ordinance will be enacted citywide or only in certain parts of the municipality. On Nov. 2, 56.5% of Miami Beach voters approved a non-binding straw ballot asking city officials to make last call for alcohol at 2 a.m. citywide "with exceptions." Mayor Dan Gelber said there will be two special meetings to discuss how that rollback will be done, with the first on Jan. 12.
Starwood Property Trust, Inc. (NYSE: STWD) (the "Company") today announced that, subject to market and other conditions, it is offering 16,000,000 shares of its common stock in an underwritten public offering. The underwriters will have a 30-day option from the date of the offering to purchase up to an additional 2,400,000 shares from the Company. All of the shares will be issued under the Company's currently effective shelf registration statement filed with the Securities and Exchange Commissio