HOFFMAN ESTATES, IL—Sears Holdings said Thursday afternoon that it had conducted a review that took into account historical and recent store performance, along with the timing of lease expirations.

NEW YORK CITY—W. P. Carey has triple-net leased the 49 industrial properties across the US and Canada to the Texas-based manufacturer for 20 years.

LOS ANGELES—That's the assessment of James Breeze, a 12-year industry veteran who has just joined Colliers International as its first-ever director of industrial research.

NEW YORK CITY—However, in common with its peers in the asset management and private equity sectors, Blackstone's first-quarter profits were challenged by economic turbulence across the globe.

NEW YORK CITY—The office REIT has also agreed to terminate Citigroup's triple-net lease at 388-390 Greenwich St. as a result of the sale acceleration.

NEW ALBANY, OH—The restaurant chain and food manufacturer traded 143 locations in sale-leasebacks that closed this week. But like MGM Resorts, it had considered spinning the properties off into a REIT.

WASHINGTON, DC—"As new apartment construction catches up with demand, we expect to see moderation from record rent growth as well as more selectivity from equity and debt financing sources," says Mark Obrinsky at the National Multifamily Housing Council.

LAS VEGAS—The REIT spun off from MGM Resorts International has begun trading on the NYSE with a portfolio of 10 properties, including six casinos along the Las Vegas Strip.