JLL has announced a major leadership succession plan for its Irish operations. Deirdre Costello will assume the role of CEO Ireland in January 2027, succeeding John Moran, who moves into the reintroduced Chairman role. Dan O’Connor takes over as Head of Capital Markets and Hotels with immediate effect. The moves draw on over 90 years of combined firm experience to drive future growth across the country.
KKR has committed $350 million from its Asset-Based Finance strategy to launch Akrapoint Commercial Capital. The mid-ticket equipment finance company will provide solutions for small and middle-market businesses in sectors such as manufacturing, construction and transportation. Led by Chief Executive Officer Nate Smith and Board Chair Gary Shivers, the platform targets growing demand for vocational assets, speciality trailers and industrial equipment across the US.
Hunt Sports Development has partnered with Peak Curated Development and VENU to build a mixed-use district on the east side of Frisco's Toyota Stadium. Set for a 2027 groundbreaking, the project features a 290-room hotel, a flexible convention centre, and dining outlets. The scheme complements a planned west-side office expansion and supports ongoing stadium renovations, cementing the venue as a year-round entertainment hub.
Global hospitality group Minor Hotels has named Judd Rabbidge as General Manager of Avani Singapore Hotel, its debut property in the country, opening in Q2 2027. Rabbidge moves from Avani+ Fares Maldives Resort, where he has been General Manager since July 2024. He brings over 20 years of international hospitality experience to oversee the hotel’s launch, commercial strategy, and team development.
Global investment firm Sixth Street has formed a co-operative agreement with Lloyds to fund the UK commercial real estate sector. The partnership will deploy Sixth Street's Asset Based Finance platform to provide property borrowers with scaled, flexible financing. The deal combines Sixth Street's London-based finance and global real estate teams to expand lending opportunities across the country while maintaining strict underwriting standards.
Merritt Properties has broken ground on the third phase of Imeson Landing Business Park in north Jacksonville, Florida. The expansion adds three shallow-bay light industrial buildings totalling 126,500 square feet, expanding the park to 392,700 square feet. Concurrently, Merritt is advancing the second phase of its redevelopment project at Merritt at Gate Parkway, converting vacant offices into modern light industrial units.
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