NEW YORK CITY—The deal for more than 500 locations nationwide marks ARCP's first large-scale transaction at a cap rate above 8% in 2014.

NEW YORK CITY—With store closings proceeding apace, forward-thinking landlords such as Simon Property Group and PREIT are better positioned to replace underperforming tenants, Barclays Capital says.

TORONTO—The retailer, whose revenues were down 8.2% for the 52 weeks that ended Feb. 1, said Wednesday its board would cooperate with Hoffman Estates, IL-based Sears Holdings.

LONDON—The 16-year industry veteran has been group research director at UK-based investment firm Grosvenor since 2006.

SCOTTSDALE, AZ—The single-tenant net lease REIT's combination of common stock and senior notes is the largest of half a dozen nine-digit offerings that have priced since Monday.

WASHINGTON, DC—Pricing in larger, higher-value properties has already recovered to within 5% of prior peak levels, and therefore gains are slowing, says CoStar.

NEW YORK CITY—Published reports say CWCAM is preparing to foreclose on $1.4 billion in mezz debt, thereby taking full ownership and paving the way for a sale of the 11,231-unit multifamily complex.

NORWALK, CT—A member of the GE team since 1990, Trotter takes the helm of GE Capital Real Estate in the US, Canada and Mexico after three years leading its Canadian operations.