NEW YORK CITY—CIT Group CEO John Thain will continue in that capacity; the combined company's board is now larger by two members.

NEW YORK CITY—Iron Hound principal Robert Verrone says the company's relationship with special servicer LNR Partners “enabled us to coordinate this successfully.”

HOFFMAN ESTATES, IL—However, the financially challenged retailer is expecting to post its second consecutive quarter of year-over-year sales declines when it reports Q2 results later this month.

SAN DIEGO—The retail REIT began assembling its portfolio in 2010; CEO Sabin says the team is “pleased to see our efforts validated through this transaction with Blackstone.”

DALLAS—With an understanding of the Michigan pension plans' objectives, “we worked with them to create a specific program designed to meet their goals,” says Laurie Dotter, president of Transwestern Investment Group.

NEW YORK CITY—The delinquency rate for CMBS has declined by 62 basis points over the past year, Trepp said Monday.

LOS ANGELES—The online marketplace has hired real estate finance veteran Chuck Taylor to lead its new Atlanta-based Southeast operations.

TORONTO—Canada's largest REIT has hired Morgan Stanley and the Royal Bank of Canada to assist with a strategic review of alternatives for its US portfolio.