Starwood Capital Group, a private investment firm, formed a new entity, Starwood Retail Partners and named Scott Wolstein its chief executive officer.
The Chicago-based SRP will oversee the management of the 6.6 million square feet of shopping center assets it recently purchased from Westfield Group.
Wolstein is the former CEO and executive chairman of DDR Corp., the Beachwood, OH-based REIT focused on shopping center properties. He oversaw DDR until February 2011 and served as its chief executive from 1992 to 2010 when it was known as Developers Diversified Realty Corp.
Wolstein said he will continue to live in Cleveland and commute to Chicago as well as to Starwood's headquarters in Greenwich, CT.