Hilco Global

Foundation 8 Secures $44.5M Loan for Phoenix Office Tower

Foundation 8 Secures $44.5M Loan for Phoenix Office Tower

Phoenix – September 15, 2026 -- Foundation 8, LLC has closed a $44.5 million first mortgage loan with Hilco Global Real Estate Capital to refinance and reposition the office component of 333 N Central Avenue, a landmark mixed-use tower in Downtown Phoenix.

Loan refinances acquisition debt and funds leasing costs

The financing replaces existing acquisition debt and provides additional capital for leasing costs, tenant improvements, and capital improvements tied to Foundation 8's business plan for the property. The office component spans 246,490 square feet of Class AA space across the top eight floors, plus 2,522 square feet of ground-floor retail, rooftop amenity rights, and shared parking access. A separately owned 242-key Westin Hotel occupies the building's middle floors.

Hilco Puts Guadalupe River Amphitheater, Rentals Up for Bankruptcy Sale

Hilco Puts Guadalupe River Amphitheater, Rentals Up for Bankruptcy Sale

Northbrook, Ill. – September 07, 2026 -- Hilco Real Estate, LLC is accepting bids until September 22 for a four-property portfolio along the Guadalupe River in the New Braunfels-Canyon Lake area of Texas, sold through a Chapter 11 bankruptcy process.

Bankruptcy sale offers assets individually or combined

The sale is directed by Gregory S. Milligan of Harney Partners as Chief Restructuring Officer for two jointly administered debtors, Kona Coast Venture, LTD and Hideout on the Horseshoe, LLC. The case is pending before the U.S. Bankruptcy Court for the Western District of Texas, San Antonio Division, under Case No. 26-51866. Buyers can pursue any single asset or combination, according to Hilco.