PHOENIX—The Homewood Suites by Hilton design enhancement will include an outdoor public gathering space for guests to enjoy Phoenix's year-round climate, while The Hilton Garden Inn's design concept includes redesigned banquet and meeting rooms.

BLOOMFIELD, NJ—The "new urbanism," with rising demand from millennials and empty nest Baby Boomers for urban "live-work-play" settings, is critical to successful development in the long term, according to Eugene Diaz, principal partner of Prism Capital Partners.

PHILADELPHIA—Procida Funding & Advisors founder William "Billy" Procida remains highly enthusiastic about its investments in Philadelphia, capping the third quarter with the $35-million construction financing for the restoration of the iconic Divine Lorraine Hotel on North Broad Street, which helped Procida's 100 Mile Fund score a 16% annualized return in the quarter.