Peregrine Hospitality has named Kristen Richter as its new Chief Commercial Officer, succeeding Kristie Goshow. Richter joins the company from Accor, where she was CCO for the Fairmont and Raffles brands, overseeing all commercial strategy elements, including sales, revenue, and distribution. Richter will now be responsible for Peregrine’s commercial strategy, revenue management, sales, and marketing across its portfolio. CEO Greg Kennealey praised Richter as an "exceptional commercial strategist" whose leadership will be crucial for optimising the company's revenue strategies. Richter sees the opportunity to refine how commercial strategy informs every business decision to drive sustained revenue growth.
Emaar Properties and Dubai World Trade Centre have introduced Terra Gardens, the latest neighbourhood within the Expo Living masterplan at Expo City Dubai. The new launch follows the first phase, Terra Heights, and advances the partners’ long-term plan to build a connected mixed-use community. Spanning 451,295 square metres, Expo Living will ultimately comprise 3,555 residential units across five districts.
Frasers Property has expanded its Australian industrial capital partnership with Morgan Stanley Real Estate Investing to include nine assets across NSW, QLD, and VIC. The portfolio, comprising both fully leased properties and a development site, brings the total partnership value to approximately $1.4 billion. The expansion strengthens Frasers Property’s build-to-core strategy and supports scalable growth across industrial markets.
REItrades has launched its beta phase featuring over $120 million in institutional commercial real estate listings. The new digital marketplace connects sellers directly to vetted institutional buyers through an AI-powered, automated workflow, marking a shift towards a more efficient and data-driven transaction model.
Aldar Properties has announced AED 3.8 billion in new projects across Abu Dhabi, including residential communities, a business park, and a logistics expansion. The developments, aimed at addressing growing rental and commercial demand, take the company’s develop-to-hold portfolio to AED 17.6 billion.
Bungalow Projects and Bain Capital Real Estate have secured $304 million in construction financing for Echelon Studios, two next-generation film and television production campuses in Brooklyn. The developments will deliver 600,000 sq ft of soundstages, office, and support space, backed by New York’s largest-ever C-PACE financing package.
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