Phoenix

According to panelists who will speak at the upcoming RealShare Healthcare conference in Scottsdale, AZ, despite strain on the insurance markets, experts expect good things ahead.

With 84 million millennials and 78 million Baby Boomers, hotels have ramped up brands and concepts geared specifically to the younger set, and Hilton and Marriott brands are some of millennial favorites.

In a session last week at the Lodging Conference, A View from the Top, panelists talked about the role of loyalty, tech, talent, overall brands, markets to watch and hotel security within the hospitality structure.

Xenia also reported on Wednesday it had purchased The Ritz-Carlton Pentagon City, a 365-room luxury hotel in Arlington, VA for $105 million, or approximately $287,670 per key.

PHOENIX-The buyer gets the vacant 78,000-sf Luhrs Building and 95%-leased, 163,000-sf Luhrs Tower. Up to $6 million will be spent to upgrade the 1920s-era historic assets.

SCOTTSDALE, AZ-Site work has begun on Terra Verde, an office trio surrounded on three sides by the TPC Desert Golf Course. The first space delivers in summer 2009.

GLENDALE, AZ-Hammons opens to a full house at the $80-million-plus, 320-key Marriott Renaissance. He's working a $750-million push in the West and planning to add more.

PHOENIX-Researchers say 3.2 million sf to 3.5 million sf of office space will deliver within six months. There is concern since Q3 reports put the highest absorption at 555,719 sf.