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A Phoenix Landmark Stuck in Limbo Gets a Lifeline: Kinella Capital, LLC Takes Control of One Camelback
After nearly five years in limbo and millions of dollars wrapped in a stalled redevelopment, One Camelback has a new owner and a new trajectory. Kinella Capital, LLC led by Founder and CEO TK Stratton, has officially taken over the prominent office-to-residential conversion at Central Avenue and Camelback Road. With the acquisition, Kinella has begun stabilizing the property and steering it back toward completion.
To many, the building had become a mystery admired from the street, rarely seen inside. Its soaring 150-foot atrium, floor-to-ceiling glass and sweeping eleventh-floor views were known mostly to architects, lenders and rumor. Dale Phillips, Founder of Stellar Residential, who advises on development strategy and lease-up, said most critics “never stepped foot inside,” making the reset all the more overdue.
Kinella Capital acquired the property from Acore Capital after a perfect storm of broader market factors created a temporary pause in its momentum, though the building itself remained structurally exceptional. With Post Road Group providing debt financing, the team now has the capital structure needed to bring the project back to life.
Originally launched in 2018 with a plan for 163 apartments and millions invested, the redevelopment encountered inflation pressures, pandemic delays and contractor disputes that slowed construction at roughly 80 percent completion. Acore Capital ultimately took the property back through a trustee sale largely a reflection of that challenging market window before Kinella stepped in to reset the project.
For Stratton, the appeal was obvious.
“When we evaluated One Camelback, we looked past the stalled construction and the history tied to it,” Stratton said. “We saw the building, the intersection and the neighborhood. This corner is a gateway to Uptown Phoenix. It needed a team who could take ownership of every detail design, construction, engineering, capital, operations and get it across the finish line.”
He added that the core issue was never the building itself. The design was strong; the capital markets weren’t. Rising interest rates made the final stretch uneconomical for the last owner. “It didn’t need a reinvention. It needed a rescue,” he said.
Kinella’s early move was to impose order. The firm’s builder-operator model backed by KB-1 contracting and A-1 engineering licenses allowed it to take control of construction rather than inherit a lineup of competing consultants.
“One Camelback needed a buyer who could assess everything from fire-life-safety systems to structural tie-ins,” Stratton said. “You can’t subcontract your way out of a distressed conversion. You need full alignment between owner, builder and operator. A stalled high-rise terrifies lenders. Uncertainty kills momentum. Kinella’s team knows how to eliminate that uncertainty.”
“He’s the guy you call when everybody else walks away,” Phillips added about Stratton and his team. “If a building is too far gone, TK is usually the only one who says, ‘Actually, we can fix this.’”
Key actions taken by Kinella Capital, LLC include:
- Assuming full ownership of the long-stalled project and immediately halting further decline.
- Deploying its builder-operator model to unravel years of permitting, construction and financial complications.
- Taking direct control of all remaining construction and engineering work, ensuring unified oversight and eliminating conflicting consultants.
- Restoring operational and financial stability to one of Uptown Phoenix’s most visible and strategically located corners.
- Leveraging integrated KB-1 contracting and A-1 engineering capabilities to correct outstanding issues, resolve technical challenges and accelerate the final phases of the build.
- Repositioning One Camelback as a leading case study in how distressed adaptive-reuse towers can be successfully rescued, reset and completed.
That alignment allowed a period of construction forensics a room-by-room assessment of electrical, mechanical and structural systems. By eliminating scope creep, settling design questions and finalizing the amenity program, Kinella charted a realistic path forward.
Key Players Behind the One Camelback Revival:
- Acore Capital – Current owner and seller of One Camelback after a perfect storm of market conditions paused the prior redevelopment.
- Post Road Group – Acquisition lender providing the debt financing for Kinella Capital.
- Cushman & Wakefield (Acquisition Advisors) – Steve Nicoluzakis and David Fogler negotiated and facilitated the sale on behalf of Kinella Capital.
- Cushman & Wakefield Capital Markets (Debt Advisors) – David Karson, Mitch Rothstein and Megan Schmitt structured and secured the project’s debt financing.
- Stellar Residential – Led by Dale Phillips, serving as property manager and strategic advisor; previously involved with the development under the former owner.
- City of Phoenix Building Department – Working closely with Kinella to reinstate permits and streamline approvals needed to complete the project.
Reimagining the Resident Experience
The refreshed vision leans into everything the site already offered: walkability, transit access, restaurants, retail and views. Plans include modern finishes, floor-to-ceiling glass, a rooftop pool, wellness and fitness amenities, secured parking and technology-forward conveniences. Stratton said Kinella’s experience restoring hundreds of properties helped bring clarity to a once-drifting project.
The building’s bones were always exceptional large floorplates, sweeping views, dramatic glass they simply needed a team with the discipline to finish what was already working. For Uptown Phoenix, the acquisition ends years of speculation around a partially finished landmark. Its completion will add high-quality housing in a submarket where demand remains strong.
“One Camelback isn’t just another building,” Phillips said. “It’s a landmark. The views, the glass, the location they’re irreplaceable. Under Kinella’s leadership, the building finally has the operator-builder it needed. The amenities, finishes and walkability line up exactly with what renters want.”
He added that the rooftop pool, wellness spaces and skyline views will set the tower apart. “Uptown renters want convenience, sophistication and a sense of place. This building hits all three.”
Stratton said One Camelback will influence Kinella’s future direction. “We plan to take on more adaptive reuse projects. When executed with discipline, office-to-residential conversions create value for investors and stability for communities. The builder-operator model isn’t optional anymore.”
On a personal note, he said the project embodies the firm’s ethos. “I’ve restored and renovated hundreds of properties, but this one matters. It matters to Phoenix and it matters to our team. It represents resilience, discipline and the belief that difficult projects are worth doing.”
He added that the timing is right. “Phoenix is full of opportunity. With the right team and structure, stalled or distressed projects can become some of the best deals in the market.”
Kinella will now finalize schedules, complete remaining work and prepare the tower for phased occupancy. Stratton and Phillips expect visible progress over the next 12 months.
For more information, visit onecamelback.com.
About Kinella Capital, LLC
About Stellar Residential
Stellar Residential is a Phoenix-based real estate development, consulting and asset-management firm with expertise in multifamily, adaptive reuse and commercial repositioning. The firm provides development strategy, operational planning and lease-up support for residential and mixed-use projects across the region. Learn more at stellarresidential.com.
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Pharos Network Expands RealFi Alliance with Circle, Avalon Labs, TermMax Finance, Primus & Tulipa Capital to Scale Productive Capital Across Onchain Finance
Hong Kong — June 24, 2026Financial & AI Layer 1 Pharos Network today welcomed Circle, Avalon Labs, TermMax Finance, Primus and Tulipa Capital as the newest strategic partners of the RealFi Alliance led by Pharos Network. This expansion directly tackles one of the most consequential challenges facing onchain finance today, that is expanding productive capital beyond stablecoin yield loops to […]
Hong Kong — June 24, 2026
Financial & AI Layer 1 Pharos Network today welcomed Circle, Avalon Labs, TermMax Finance, Primus and Tulipa Capital as the newest strategic partners of the RealFi Alliance led by Pharos Network. This expansion directly tackles one of the most consequential challenges facing onchain finance today, that is expanding productive capital beyond stablecoin yield loops to include the largest pools of onchain liquidity, the deepest asset class in traditional finance, and the trust infrastructure required for institutional scale.
Bitcoin, the largest pool of onchain capital, sits largely passive. Fixed income, the deepest asset class in global finance, remains underserved onchain. Institutional capital stays on the sidelines without verifiable trust and compliance frameworks. The industry has the assets, but not yet the productive infrastructure around them.
This cohort is designed when Circle anchors the stack with USDC and CCTP, the regulated settlement layer that moves dollar liquidity natively across chains and into RealFi applications. Avalon Labs activates Bitcoin as working capital, enabling BTC-backed lending, borrowing, and structured yield strategies that connect the largest onchain asset to real-world opportunities. TermMax brings fixed-income and maturity-based products backed by real-world assets onchain, introducing the predictable, institutional-grade yield curve that traditional capital expects. Primus establishes the verification and trust layer through zkTLS and verifiable credentials, enabling compliance-friendly onboarding, reputation systems, and trusted interactions, including for AI agent–driven finance. Tulipa brings institutional capital expertise and professional asset allocation frameworks, channeling sophisticated capital into onchain RealFi opportunities. They extend the RealFi yield layer from stablecoin deposits into a complete productive capital stack covering dollars, Bitcoin, fixed-income, trust, and institutional allocation.
These collaborations among alliance members are already in motion, and deepening. More than 10 alliance members have jointly published an industry perspective report on the state and future of RealFi, setting a shared framework for how onchain finance can move from fragmented tokenization to productive capital at scale. On the product side, R25 Protocol, TopNod, and Ember Protocol (from previous cohorts) are advancing real yield product designs, translating institutional-grade strategies into accessible onchain experiences for users. TermMax is working with Ember Protocol to channel fixed-income strategies into accessible onchain yield products, while Tulipa Capital is leveraging Circle’s USDC for its settlement strategies. These efforts reflect a deliberate shift, that is alliance members are no longer operating as parallel partners, but converging into a tightly coordinated network where research, products, and infrastructure compound on one another. More integrations across alliance members are underway, with additional product launches to come.
“Tokenization without utility is just a database entry.” said Wish Wu, Co-Founder & CEO of Pharos. “What the industry needs now is the productive capital infrastructure around those assets like settlement, Bitcoin liquidity, fixed-income, trust, and institutional allocation working as one stack. That is exactly what this cohort of partners is building together.”
The RealFi Alliance continues to expand as a coalition of the infrastructure providers, asset issuers, and financial applications shaping the future of onchain finance. Previous cohorts include Chainlink, Centrifuge, Faroo, Amber Group, LI.FI Protocol, Vishwa, Agra, Dune Analytics, Anchorage Digital, and others, bringing institutional assets, DeFi players, cross-chain infrastructure, intelligence and data access that established the foundational layer of the RealFi ecosystem. Explore the full RealFi Alliance and the growing list of partners at https://www.pharos.xyz/realfi-alliance.
About Pharos Network
Pharos is a financial and AI Layer 1 built for RealFi. It delivers the compliant infrastructure needed for institutional assets and internet-scale capital markets.
Designed to coordinate real-world financial activity onchain, Pharos combines deep-parallel execution (SALI engine), modular SPNs, and protocol-level compliance infrastructure, integrating ZK-KYC / AML mechanisms, AsyncBFT consensus, native AI agent support (X402 protocol), and dualVM (EVM + WASM compatibility), to support RWAs, stablecoins, cross-border settlement, onchain yield markets, and agent-mediated commerce at internet scale.
The network is supported by strategic partners across the global financial stack, including Circle, Chainlink, Anchorage Digital, Morpho, and Centrifuge, connecting regulated capital markets with onchain liquidity venues where real-world assets can be actively deployed into real-yield-generating strategies.
Built by former Ant Group leadership and engineers, backed by leading global investors across TradFi and crypto, including Sumitomo Corporation, Flow Traders, SNZ, Hack VC, and Faction VC, Pharos is developing the infrastructure layer for the next era of programmable finance and the agentic economy.
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c8ntinuum Unveils Trust-Minimized Blockchain Interoperability Architecture at WAIB Summit Monaco 2026
MONACO, June 24, 2026The interoperability protocol enters c8ntinuum Summer ahead of a Q4 public release, with over 40,000 verified users joining its SuperApp waitlist in a single week.
MONACO, June 24, 2026
c8ntinuum, an interoperability protocol building verified cross-chain infrastructure for Web3, has formally unveiled its trust-minimized interoperability architecture at WAIB Summit Monaco 2026. The announcement, made alongside the project’s sponsorship of the VIP Private Dinner at the Yacht Club de Monaco, marks c8ntinuum’s transition from infrastructure development into broader market onboarding and sets the stage for a Q4 2026 public release of its Bridgeless Protocol.
The Monaco summit served as the launch platform for c8ntinuum Summer, an integrated program covering B2B interoperability integrations, strategic partnership announcements, SuperApp access, and community expansion through the coming months.
The Bridgeless Architecture
Cross-chain interoperability has long run on bridges, and bridges run on trust. A bridge takes custody on one chain and asks another to believe a message about it, with that belief manufactured by multisigs, oracle networks, and verifier sets. That trust assumption has become the largest attack surface in crypto: CertiK reports more than $328 million in bridge-related losses in 2026 alone.
c8ntinuum’s answer is verification. Through on-chain light clients and ZK light clients, a destination chain checks what happened on a source chain directly, reducing the trust path to the security of the underlying chains and the soundness of the proof system. The proof becomes the authority.
“Recent attacks have made cross-chain security the core pillar around which projects should be built. Our architecture solves the biggest problem in the space: the destination chain should verify the source chain rather than trust a messenger between them.”
— Bogdan Dinulescu, COO, c8ntinuum
The architecture supports three core use cases:
- General Message Passing — verified cross-chain messages for governance, coordination, state updates and multichain logic
- Cross-chain swaps — enabling users and applications to access liquidity without navigating fragmented bridge flows
- Cross-chain smart contract invocations — allowing contracts on one chain to coordinate actions on another, expanding the design space for DeFi, SocialFi, launchpads and automated markets
c8ntinuum Summer
COO Bogdan Dinulescu opened the VIP Private Dinner at the Yacht Club de Monaco, leading two days of conversations with founders, investors, and family offices on cross-chain finance and shared liquidity. Those discussions confirmed a consistent market requirement: cross-chain access without importing an additional trust domain. The summit launched c8ntinuum Summer across four areas:
- Interoperability and B2B integrations — expanded private testing, additional integration model disclosures, and strategic partner announcements as implementations progress toward the Q4 2026 public release of the Bridgeless Protocol.
- SuperApp and product access — the c8ntinuum SuperApp is in development as the first public product layer, bringing holding, trading, staking, launching and earning into one interface while abstracting cross-chain routing and verification from the user experience.
- Market and community expansion — CTM is now available on KuCoin Alpha, Gate Alpha and BitMart. The protocol’s base fee is burned, connecting network usage directly to CTM supply mechanics.
- Arena seasons — upcoming performance-based Arena seasons will evaluate projects and communities through transparent on-chain indicators, holder growth, trading volume, and user activity, connecting ecosystem opportunities to measurable performance.
The program launched with strong early momentum: 40,000 verified users joined the SuperApp waitlist in a single week, and 5,000 OG community roles were claimed in under 24 hours.
The Road to Q4
The Bridgeless Protocol targets a public release in Q4 2026. Between now and then, c8ntinuum will advance private SDK integrations into named partner work and move the SuperApp toward launch as the first public-facing product. The waitlist remains the last point of entry without a referral code: app.c8ntinuum.com.
About c8ntinuum
c8ntinuum is a universal interoperability protocol and forward-compatible EVM chain built around trust-minimized cross-chain verification. The protocol verifies source-chain activity through light clients and ZK light clients, reducing reliance on privileged third parties such as multisigs, TSS or MPC groups, oracle networks or operator committees. c8ntinuum is building infrastructure for general message passing, cross-chain swaps, cross-chain smart contract invocations and shared liquidity across Web3, with a product ecosystem that includes the c8ntinuum chain, a SuperApp and private interoperability SDK integrations. The network is secured by a validator set that includes Dokia Capital, one of the biggest and oldest institutional staking providers and the only licensed validator in the Principality of Monaco.
www.c8ntinuum.com | docs.c8ntinuum.com
X @c8ntinuum | Telegram @c8ntinuum | Discord discord.gg/c8ntinuum
Media Contact
Mihai Pop, Marketing Manager — [email protected]
c8ntinuum
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SUIC and VisionRenu Biomedical Sign Strategic Agreement to Explore Merger, Investments, U.S. Capital Market Cooperation
NEW YORK, NYSUIC Worldwide Holdings Ltd. (OTC Markets: SUIC) (“SUIC”) and VisionRenu Biomedical Technology Co., Ltd. (“VisionRenu”), a Taiwan-based medical technology company specializing in brain health and ophthalmic medical devices, today announced the signing of a Strategic Merger & U.S. Capital Market Cooperation Framework Agreement (MOU). The framework agreement establishes a long-term strategic partnership to explore collaboration […]
NEW YORK, NY
SUIC Worldwide Holdings Ltd. (OTC Markets: SUIC) (“SUIC”) and VisionRenu Biomedical Technology Co., Ltd. (“VisionRenu”), a Taiwan-based medical technology company specializing in brain health and ophthalmic medical devices, today announced the signing of a Strategic Merger & U.S. Capital Market Cooperation Framework Agreement (MOU).
The framework agreement establishes a long-term strategic partnership to explore collaboration in medical technology, brain health, vision care, healthcare innovation, international financing, and U.S. capital market development.
Under the MOU, the parties intend to evaluate a broad range of strategic opportunities, including:
- Strategic investments;
- Mergers and acquisitions;
- Share exchange transactions
- Business combinations;
- International financing initiatives;
- Product commercialization; and
- U.S. capital market development and expansion.
VisionRenu is the developer of the MagRenu® Transcranial Magnetic Stimulation (TMS) System, a non-invasive, drug-free medical device approved by Taiwan’s Food and Drug Administration (TFDA) for the treatment of depression. The company is also advancing a proprietary ophthalmic technology platform, including an innovative presbyopia laser system designed for international markets.
Through this strategic collaboration, SUIC and VisionRenu expect to leverage their complementary strengths in medical technology innovation, commercialization, international business development, and access to global capital markets. The parties believe the collaboration may accelerate VisionRenu’s international expansion while creating long-term value through strategic financing and potential capital market initiatives in the United States.
Management from both companies expressed confidence that the framework agreement represents an important first step toward building a comprehensive strategic alliance. The parties will continue conducting due diligence and evaluating various transaction structures that may include strategic investment, merger, acquisition, or other forms of business combination, subject to further negotiations, definitive agreements, corporate approvals, and applicable regulatory requirements.
This Framework Agreement is non-binding, except for customary provisions relating to confidentiality and good-faith cooperation, and does not obligate either party to complete any specific transaction.
About VisionRenu Biomedical Technology Co., Ltd.
VisionRenu Biomedical Technology Co., Ltd. is a Taiwan-based medical technology company focused on the research, development, manufacturing, and commercialization of innovative medical devices for brain health and ophthalmic care. Its flagship product, the MagRenu® Transcranial Magnetic Stimulation (TMS) System, is approved by Taiwan’s TFDA for the treatment of depression. The company is also developing proprietary ophthalmic laser technologies designed to address the growing global demand for advanced vision care solutions. To learn more about the company, please visit https://www.vision-renu.com/
About SUIC Worldwide Holdings Ltd.
SUIC Worldwide Holdings Ltd. (OTC Markets: SUIC) is a technology-enabled investment and business acceleration company focused on acquiring and developing innovative businesses with high-growth potential. Through strategic investments, mergers and acquisitions, and access to international capital markets, SUIC supports portfolio companies in expanding globally and creating long-term shareholder value. Please visit our website, https://sinounitedco.com/
Forward-Looking Statements
This press release contains forward-looking statements that involve risks and uncertainties. These statements are based on current expectations regarding future events and are subject to various factors that could cause actual results to differ materially from those expressed or implied. The Framework Agreement announced herein is non-binding, and there can be no assurance that any definitive transaction will be completed. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this release.
Media Contact
SUIC Worldwide Holdings Ltd.
News Release Department (929) 391-2550.
Name
Jenny Kan
Email Address
Pharos Network Expands RealFi Alliance with Circle, Avalon Labs, TermMax Finance, Primus & Tulipa Capital to Scale Productive Capital Across Onchain Finance
c8ntinuum Unveils Trust-Minimized Blockchain Interoperability Architecture at WAIB Summit Monaco 2026
SUIC and VisionRenu Biomedical Sign Strategic Agreement to Explore Merger, Investments, U.S. Capital Market Cooperation
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