Lender to foreclose on ailing CityNorth

CityNorth’s High Street, one of the most high-profile new developments in Phoenix, is facing foreclosure.

Last week, Chicago-based Capmark Finance filed to foreclose on the first and only phase of the 144-acre development to be built so far. Known as High Street, the project at 56th Street and the Loop 101 includes several boutique and designer shops, restaurants, upscale apartments and office buildings. more…