Key Commercial Revamps Business
Key Commercial Real Estate, a unit of KeyBank National Association, has been renamed KeyBank Real Estate Capital, to better reflect the broader scope of its operations, and some key personnel changes have been made at the commercial real estate lending company.
KeyCorp, the parent of KeyBank National Association, reports that John E. Case has been named chief operating officer and executive vice president of KeyBank REC, after George E. Emmons Jr. recently assumed additional responsibility for heading up KeyCorp's Middle Market Commercial Bank.
Mr. Emmons remains executive vice president and national manager of KeyBank REC, with overall responsibility for the strategic direction and financial performance of the group.
Mr. Case, who reports to Mr. Emmons, was most recently managing director of KeyBank REC's commercial mortgage group.
Commenting on the change of name, Mr. Case, who will be responsible for the day-to-day operations of KeyBank REC, said, "Over the past three years, our organization has evolved from being largely a balance-sheet lender to a full- service, national commercial real estate company that offers clients commercial banking, mortgage banking and investment banking solutions. Our challenge today is to provide the most comprehensive range of innovative financial products, services and advice to meet the evolving needs of our clients."
In a related development, E.J. Burke has been promoted to managing director and executive vice president of KeyBank REC's commercial mortgage group, replacing Mr. Case.
In this role, Mr. Burke will be responsible for all permanent loan products and will manage the group's 250-member staff.
Mr. Burke was previously CMBS director of the group.
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