OPERATIONS

ARCP hires retail real estate vet

BY Dan Berthiaume

New York — American Retail Capital Properties (ARCP) has appointed Glenn Kindred as executive VP of its restaurants division. Kindred will join Nicholas S. Schorsch, executive chairman and CEO, Lisa Beeson, COO, Brian S. Block, CFO, and Lisa Pavelka McAlister, chief accounting officer, as part of ARCP’s self-managed executive team. Joining ARCP from GE Capital, Mr. Kindred will oversee ARCP’s growing portfolio of restaurant and quick service assets.

Prior to joining ARCP, Kindred held the position of managing director of GE Capital’s Property Franchise Real Estate Equity Division, where he helped to integrate the restaurant properties GE Capital acquired as a result of the purchase of Trustreet Properties, Inc., a publicly-traded real estate investment trust that specialized in net leased restaurant properties. Kindred had been a senior real estate executive of Trustreet before joining GE Capital. In addition, while acting as senior VP at CNL Financial Group, Mr. Kindred played a key role in the reverse merger between U.S. Restaurant Properties, Inc., CNL Restaurant Properties, Inc. and 18 CNL Income Funds that formed Trustreet. Kindred has 15 years’ experience in executive roles in the real estate industry.

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MarineMax names Denny’s exec to board

BY Michael Fickes

Clearwater, Fla. – Recreational boat retailer MarineMax has named Frances Allen, executive VP and chief brand officer for Denny’s Corporation, to its board of directors. Prior to joining Denny’s, Allen was chief marketing officer for Dunkin Donuts. Her prior roles also include managing marketing efforts at Sony Ericsson Mobil Communications, Pepsi-Cola North America and Frito-Lay.

“We are proud and honored to have Frances Allen join our board of directors,” said William H. McGill Jr., president, chairman and CEO of MarineMax. “On behalf of the board, we welcome Frances. We are confident she will be a strong addition to our board and her wealth of experience and expertise in marketing will support our ongoing efforts to grow the MarineMax brand. We look forward to her future contributions to the company.”

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Pinterest reaches out to retailers with API

BY Marianne Wilson

New York — The hot social-sharing site Pinterest has released its first API for developers. It will help stores and brands display which of their items were most frequently and recently pinned. The first partners for the service include Zappos, Walmart, Disney, and Nestle, reflecting how the site is looking to increase revenue generation with advertising and cross-marketing. (An API, short for application programming interface, is code that allows developers to create apps that interface with a popular web service or other software.)

“We’re releasing documentation for multiple APIs that will roll out to partners over the coming weeks,” the company said on its blog. “These will include Top Pins API (showcase top clicked pins / top re-pins, launching on partner sites today); Domain search (surface trending results for keywords such as “Men’s Boots,” “Thanksgiving recipes,” or “Fashion Week”); Most Recent (bring a stream of your latest pins to your site); and Related Pins (suggest other pins people may like based on the item or content they’re viewing).

Going forward, Pinterest said, it will give sites more ways to mash up their data, like most-recent and related pins, and to add information about which items and keywords are trending on Pinterest into their search engines.

In the coming weeks, Pinterest will release additional API endpoints that will surface different groups of Pins on partner sites. In addition to Walmart, Target and Zappos, early adopters include AllRecipes, Better Homes and Garden, BuzzFeed, Disney sites Babble and BabyZone, Elle Magazine, Mashable, ModCloth, NBC News Digital’s iVillage.com, Nestlé, Random House, Snapguide, Wayfair, Whole Foods, Zulily and on the soon-to-launch Spoonful and Tastebook.

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