Caulfield is a reporter and editor who has been covering the housing and
home-improvement sectors for more than 30 years. Most recently, he was senior
editor for BUILDER magazine, a sister publication of REPLACEMENT CONTRACTOR and REMODELING.
A consortium managed by Starwood Capital Group has acquired a 40 percent stake in a limited liability company that will hold an estimated $4.5 billion in troubled construction loans and real estate-owned assets the federal government seized in September from Chicagobased Corus Bank.