Stalled uptown Phoenix tower project gets lifeline

By Angela Gonzales | Phoenix Business Journal

The lender that foreclosed on One Camelback, a former bank building being converted to apartments, has sold the 11-story tower for $36 million.

San Francisco-based Acore Capital Mortgage — which bought the property through a credit bid of $44.1 million at a November 2023 trustee sale — has sold the structure to Mesa-based Kinella Capital LLC. The transaction closed Dec. 4, according to Tempe-based real estate database Vizzda LLC.

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