top of page



For more than three decades, Jerry Ayoub, founder of Five Star Development, a leading real estate development company headquartered in Scottsdale, Ariz., has been one of the industry’s most innovative and successful entrepreneurs. Ayoub’s projects range from five-star hospitality and luxury retail projects to high-end, multimillion dollar residential and Class-A industrial projects throughout Arizona, California, Texas and New Mexico.

Ayoub's record for success extends to the early days of his career in the luxury duty-free industry when he established operations on the U.S. borders of Mexico and Canada. Ayoub independently established and operated a half-dozen successful companies - including the duty-free business which grew to become the nation’s largest duty-free operation in North America with a presence in Europe and Mexico. This conglomerate dominated ship channeling and distribution to airports nationwide, while also serving as an exclusive importer for most luxury brands. Product categories ranged from world-renowned designer goods, including fine jewelry, accessories, perfume and ready- to-wear, to refined spirits. Some of the brands represented included Rolex, Audemars Piguet, Cartier, Hermès, Chanel, Gucci and Lalique.

Founded in 1985, Five Star has developed more than 20 million square feet of residential, hospitality, retail, office and industrial real estate. Ayoub’s vision for the company has always been to combine the most innovative development practices with technologically advanced systems that are cutting-edge and environmentally sustainable. Simultaneously, Ayoub has earned a reputation as a visionary whose expertise includes introducing unique, dynamic and new experiences to varying markets with viability, quality and brand integrity being the paramount focus. Now a family business, Ayoub’s daughters Krizia and Francesca, founders of Dolce Vita Development, work alongside the Five Star team as the next generation assisting with the design vision and retail leasing.

Ayoub’s latest project is The Palmeraie®, an ultra-luxury retail and dining destination, that sits on 18 acres at the border of Scottsdale and Paradise Valley, Arizona’s most affluent zip code. Home to more than 100 exceptional boutiques, The Palmeraie® will include a dozen dining destinations featuring celebrated international chefs, along with local and regional talent. 

Five Star Development


A boutique brokerage firm located in Scottsdale, Arizona, specializing in luxury and branded resort and residential real estate, sales and marketing.  


Inspired by the opportunities presented, Nelsen Partners has applied its vast experience to projects throughout the world with the goal of exceptional work and extraordinary service to our clients; creating meaningful and memorable places that enrich lives through design.


MONOGRAM Hospitality Interiors at BBGM is a specialty studio focused on design for the upscale, lifestyle and luxury hospitality and residential markets. The studio has been practicing internationally for over 20 years with projects throughout the Americas, the Caribbean, Middle-East and China. The MONOGRAM Team is comprised of seasoned professionals and innovative young designers committed to collaborative problem solving, sustainable practices and responsible design. 


Ownby Design is an industry leading luxury interior design firm.  Based in the Painted Desert of Scottsdale, AZ, our firm draws on its design inspirations from across the globe, with operations throughout the southwest. Our mission is to take our customers’ unique visions and bring them to life through a tailored process that truly inspires. We strive to take everyday living spaces and transform them into one-of-a-kind creations that rest in perfect balance between minimalism and true luxury. Our commitment to professionalism and quality has set our firm apart from the rest, making us the most sought after residential design firm in the Valley. The team we have today has been built by pushing limitations, realizing the previously imagined and exceeding each and every one of our customers’ expectations. Throughout this evolutionary process our team has been honored with numerous industry awards.

bottom of page