barry sternlicht is the chairman and ceo of starwood capital.nages more than 42 billion dollars in assets and is best known for developing starwood hotel and resort. he sat down with us to discuss where he's putting his money. mr. sternlicht: we have been active in europe. buying the periphery -- norway and sweden. we have done some work in poland, the czech republic. we have been buying england and ireland. we just did another transaction. erik: what kinds of stuff? mr. sternlicht: office and retail. the one thing you think when the german 10 year is seven basis points and negative fields across europe, that is beginning to pick up consumer sales. nobody expects interrupted go up quickly, including -- nobody expects europe to go up quickly, including themselves. property yields are probably too wide. given that stimulus packages are going to be involved. we think -- debt is available. from a risk-reward standpoint it makes investments look interesting. stephanie: what do you make of blackstone's transactions? are they the only game in town in t