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Phoenix’s exploding scene has been one to watch in recent years, and it seems to only be getting bigger and better as this emerging food city gets increasing attention. The latest exciting addition has been PYRO, a new Japanese American Bistro that just opened this week.
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:
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.