Subject: Executive Changes (EXEC)

Starwood Property Trust has hired Pawan Melgiri as managing director to launch a middle-market lending effort. The company, which traditionally focused on large loans - its average loan size tops $102 million - has found an opportunity to lend in ...

Jonathan Pollack, global head of Blackstone Group's real estate credit business, will be joining Starwood Capital Group as its president, effective next year. Pollack has been with Blackstone since 2015, joining from Deutsche Bank, where he was global head of commercial ...

Michael Nash, founder and chairman of Blackstone Real Estate Debt Strategies, retired at the end of last year. Nash had joined Blackstone Group in 2007 from Merrill Lynch's real estate principal investment group. He previously had handled loan workouts and restructurings ...

The Real Deal Bob Knakal, among New York's best-known investment-sales professionals, has left JLL, which he had joined six years ago. Knakal, who has been a broker since 1981, had co-founded Massey Knakal Realty Advisors in 1988. The company arranged more ...

Darcy Stacom, among New York's best known and most successful investment-sales brokers, has left CBRE, where she was chair and head of its New York City capital markets group, to form her own boutique brokerage, Stacom CRE. Stacom, a 44-year ...

Thomas O'Hern and Edward C. Coppola, who have been with Macerich Co. for at least 30 years and serve as chief executive and president, respectively, are retiring effective March 1. The two will be replaced by Jackson Hsieh, who was ...

KeyBank has named Dan Heberle president of its real estate capital operation, replacing Angela Mago, who recently was named KeyCorp's chief human resources officer. Heberle had joined KeyBank in 1998 and most recently was head of the bank's institutional capital ...

CBRE has hired Stephen Shoemaker as a senior vice president in New Jersey, where he'll represent tenants and landlords in the industrial sector. He joins from Cushman & Wakefield, where he was executive director. He had joined Cushman in 2017 ...

Mitchell A. Sabshon, president and chief executive of Inland Real Estate Investment Corp., is retiring, effective Feb. 1. Sabshon, a nearly 40-year industry veteran who had run Goldman Sachs' CMBS conduit-lending operation until the early 2000s, had joined Inland in 2013 ...

Steven Binswanger, managing director of Eastdil Secured and co-head of its New York property-sales business, has joined JLL Capital Markets as senior managing director on its New York team. Binswanger, who had joined Eastdil in 2010, has been involved in ...