PHOENIX—Molly Busch has joined CBRE'S capital markets group in Phoenix. A senior associate, Busch will partner with vice president Andrew Fosberg. The duo focuses on investment sales with an emphasis in retail properties.

IRVINE, CA—In a deal that CEO Rick Matros calls “transformational,” the acquisition of the Holiday portfolio increases the REIT's revenue from private payors to 52.4% of the total.

NEW YORK CITY—Known for its prolific buying of businesses, the company has created a new business unit focused on acquiring firms, primarily in the asset management space.

DALLAS—Laurence Elbaum, principal and co-founder of Bradford Allen Realty Services/TCN Worldwide and chairman at TCN Worldwide, recently announced that H. Ross Ford III has accepted a long-term extension of his contract as president and CEO of TCN Worldwide.