TPG Hotels & Resorts has appointed Patrick Short as its new President and Chief Operating Officer, returning to the company to lead operational strategy across its growing national portfolio. Short brings over 30 years of experience and a proven track record of expanding and managing hotel portfolios.
Indvestia Capital has launched a $5 million fund providing accredited investors with diversified access to Midwest commercial real estate. Indvestia Fund I targets 8% annual cash returns and 18% IRR through investments in value-add retail, medical office, and high-yield debt assets.
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.
Boston-based proptech firm Realmo has unveiled an AI-powered property search assistant that allows users to find and analyze commercial spaces by describing their needs in natural language. The platform processes these inputs to instantly deliver curated property options matched to key criteria such as price, size, and location, reflecting a growing trend toward AI-driven decision-making in real estate.
Blackstone is reportedly close to a £1bn deal to sell logistics assets to Tritax Big Box REIT, just weeks after the two competed in a bidding war for Warehouse REIT. The agreement could see Blackstone take an equity stake in Tritax Big Box.
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