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The Laundry to open at West 7th
Fort Worth, Texas -- Dallas-based Cypress Equities said that drycleaner The Laundry will open at the mixed-use development West 7th, located in Fort Worth, Texas.
The 963-sq.-ft. shop is slated to open later this year.
West 7th’s retail and office components are being developed by a Cypress Equities company and the residential component by Columbus Realty Partners.
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Starwood Capital acquires seven Westfield shopping centers
Greenwich, Conn. -- Private investment firm Starwood Capital Group announced that an affiliate of Starwood has completed its acquisition of a 90% majority interest in seven U.S. shopping centers from the Westfield Group.
Westfield retained a 10% minority interest in the portfolio.
Starwood also announced that it has formed a new subsidiary, Starwood Retail Partners, to be based in Chicago, to oversee the management of the newly acquired assets and has named Scott Wolstein, co-founder of DDR, as its CEO.