ARCP's sale-leaseback deal with Red Lobster was a highlight for May.

NEW YORK CITY–A large move in sale-leaseback, a legend takes over the CommonWealth REIT board and tips on how and when to plan for retirement were the top three stories for May on GlobeSt.com.

Sale-leaseback has certainly come a long way. That was just one takeaway from this month’s top story, “ARCP Hauls In $1.5B Red Lobster SLB,” which originally ran on May 16. American Realty Capital Properties signed a deal to buy more than 500 Red Lobster restaurants. The agreement, in conjunction with Golden Gate Capital‘s acquisition of the restaurant chain from Darden Restaurants, will come in at $1.5 billion.

“When consummated, the Red Lobster transaction will allow us to achieve the high end of our acquisition guidance, which we set at $3.0 billion for the entire year of 2014,” says ARCP president David S. Kay in the piece. The company subseuqnetly raised its guidance to $4.5 billion.

Sam Zell is no stranger to attention, and in the story from May 27, “Zell Takes Chairmanship of CWH Board,” the industry icon was appointed to head an all-new board at CommonWealth REIT. The shake-up was engineered by Related Fund Management and Corvex Management, and ended a 15-month campaign by the two companies to replace the previous board they felt had undermined shareholder value, the story reported. Zell last chaired a REIT in 2007, when he sold Equity Office Properties to the Blackstone Group.

Rounding out the third most read story of the month was a guest column by Stephen J. Duffy, managing director of Thought Leader Moss Adams Capital LLC: “Do Real Estate Principals Ever Really Retire?” And the answer to the question seems to be ‘no,’ which Duffy sees as unfortunate. Duffy gives a full breakdown of how to plan for succession in a real estate operation, including giving his five points to think about when contemplating stepping back from day to day operations.

Change even dominated the next two stories: “Rates Play Havoc With Single-Tenant Sector” was our exclusive interview with Edward Hanley of Hanley Investments on interest rate expectations in the retail segment; and “Industry Alarmed By New Terrorism Insurance Proposal” gave the CRE take on proposed legislation that would greatly impact terrorism risk insurance.

Missed out on them? To read any of the stories, click on the highlighted links above.