ORLANDO, FL—Hotelier Starwood Hotels & Resorts Worldwide, Inc. of Stamford, CT reports it plans to open the Element Orlando hotel less than a mile from Universal Studios here in July 2016.

OMAHA, NE—A pair of properties in Newport News, VA comprise the lion's share of the three-state portfolio; locally based Haley plans $3.4 million in capital improvements.

NEW YORK CITY—The sale will simplify ARCP's business model while adding seven Cole Capital investment programs to the RCAP fold, bolstering its net lease presence.

CHICAGO—The burgeoning middle class of China is traveling abroad more often and spending more money when they do, and homegrown retailers want to make sure they get a share of that business.