FORT WORTH–Hillwood Properties has finalized a franchise agreement with Marriott International to develop a new Courtyard by Marriott hotel at Alliance Town Center.

PHOENIX—Cassidy Turley announces that Hayden House Tempe, LLC, a partnership between San Diego-based Douglas Wilson Companies, Hensel Phelps Development LLC, a subsidiary of Hensel Phelps based in Greeley, CO, and Los Angeles-based Karlin Real Estate closed on 2.51 acres at the southwest corner Mill Avenue and Rio Salado Parkway in Tempe for $16.87 million.

ST. AUGUSTINE, FL—MCR Development LLC reports that it has completed significant upgrades to its Hampton Inn & Suites St. Augustine-Vilano Beach here.

LOS ANGELES—While preparing for the annual Crocker Symposium, attorney Paul Rutter discusses how crowdfunding is changing the CRE world, and what investors should do to evolve, in this <b>EXCLUSIVE</b> interview.