"It was built for hyper growth and that is too capital intensive," says the Starwood Capital founder. : Real estate mogul Barry Sternlicht told CNBC on Friday that while WeWork has had its failures, there's still a real business to be found at its core. "This company got a little off of the rails," said Sternlicht, chairman and CEO of investment firm Starwood Capital, which has about $60 billion in assets under management. But he still think's "it's a real company."