Press

Dec 10, 2023 - AZ Big Media
PTK spotlight: 50 commercial real estate projects to know in 2024

Every year, AZ Big Media, which publishes both PTK and AZRE magazines selects Arizona’s top people and projects to showcase in its premier commercial real estate magazine — PTK — from an impressive and competitive nomination pool. Here are the 50 commercial real estate projects to know in Arizona for 2024:

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Dec 04, 2023 - Phoenix Business Journal
How the Valley’s foremost restaurateur broke into the luxury hotel business

Hotels have been on Sam Fox’s mind for a long time.

So when plans for the Global Ambassador started coming together in 2019, he had spent a lifetime preparing for the moment. The 141-room hotel is set to open Dec. 6 next to The Grove mixed-use project on the northwest corner of 44th Street and Camelback Road in Phoenix.

 

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Oct 14, 2022 - AZ Big Media
RED Development is 100% leased at The Grove office building

RED Development announced today that the Class AA office building at The Grove, the highly anticipated mixed-use destination in Phoenix, is now 100% fully leased prior to the completion of construction, which is a first in Arizona commercial real estate history. JLL, a global brokerage firm, represented RED in leasing The Grove office building and is the first tenant to move in this week with close to 130 employees from its Phoenix division.

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Oct 12, 2022 - InBusiness Phx
Huge Demand of New Commercial Project Garners Highest Price-Per-Square-Foot Office Rents in Arizona History

RED Development announced today that the Class AA office building at The Grove, the highly anticipated mixed-use destination in Phoenix, is now 100% fully leased prior to the completion of construction, which is a first in Arizona commercial real estate history. JLL, a global brokerage firm, represented RED in leasing the office building and is the first tenant to move in this week with close to 130 employees from its Phoenix division.

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Oct 11, 2022 - Phoenix Business Journal
Office space at The Grove in Phoenix is fully leased as first tenants prepare to move in, developer says

The first tenants in the office buildings, included in the larger mixed-use project in Phoenix’s Arcadia neighborhood, are set to move in. Click through to see which companies have leased space.

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Oct 05, 2022 - Phoenix Business Journal
Sam Fox’s Phoenix hotel reaches construction milestone

The final steel beams have been installed on the Global Ambassador, the debut hotel from one of Phoenix’s most well-known restaurateurs, and it is expected to open late next year.

Located on the northwest corner of Camelback Road and 44th Street in Phoenix’s Arcadia neighborhood, the Global Ambassador will be a 5-story hotel with 141 rooms and several food and beverage outlets.

Sep 01, 2022 - Phoenix Business Journal
Q&A: JLL broker on why class A space is king in the Phoenix-area office market

The Business Journal recently sat down with JLL Managing Director Ryan Timpani. The office broker shared his insights on the “flight-to-quality” space and what’s happening with older space in the Valley market.

May 02, 2022 - In Business Phoenix
JLL to Expand, Relocate Arizona HQ

Global real estate services firm JLL announced it will expand and relocate its Arizona headquarters to The Grove, a $400 million mixed-use development in Phoenix. The brokerage firm will occupy 31,000 square feet on the first floor of the 180,000-square-foot office building underway at 4300 E. Camelback Road, which is slated for completion in the third quarter of this year.

JLL will relocate this fall from the 18,000-square-foot space it currently occupies at 3131 E. Camelback Road, less than 2 miles from its future home. The new space will house more than 120 brokers.

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Apr 12, 2022 - Phoenix Business Journal
California technology company Sendoso to relocate HQ to Phoenix, bring 1,000 jobs

A direct mail software startup is investing more than $40 million to relocate its headquarters to the Valley from San Francisco.

Last year, Sendoso signed a lease for nearly 60,000 square feet at The Grove, which is located at 4300 E. Camelback Road in the Arcadia area in Phoenix.

The company, which has $152 million in venture funding, plans to move its headquarters in November and bring close to 1,000 jobs to the city. Phoenix Mayor Kate Gallego announced the company’s move  and addition of 700 jobs at her state of the city address on Friday.

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Mar 25, 2022 - AZ Big Media
New concept Pyro is first Restaurant tenant at The Grove

RED Development announced today the new independent restaurant concept Pyro, a Japanese izakaya bistro, will make its debut as the first dining establishment coming to The Grove, a $400 million mixed-use destination on the northwest corner of 44th Street and Camelback Road.

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Mar 24, 2022 - The Um
Japanese Bistro Pyro Coming To The Grove In Phoenix

Japanese bistro Pyro was recently confirmed as the first restaurant coming to the $400 million mixed-use development The Grove in Phoenix.

The 4,200-square-foot restaurant located at 44th Street and Camelback Road will have an open-flame concept for its menu, a cocktail bar and an outdoor patio with an open hearth.

Pyro will be open for both lunch and dinner. The development and restaurant is scheduled to open in fall of 2023.

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