CHICAGO-A real estate investor from Canada has agreed purchase Alta at K Station, an 848-unit apartment community in the West Loop, for approximately $300 million. Mississauga, Ontario-based Morguard Corp. will pay about $354,000 per unit for the two-tower apartment property at 555 W. Kinzie St.

Morguard is buying the complex from a joint venture between Pacific Life Insurance Co. of Newport Beach, California, and Fifield Cos. of Chicago. Alta at K Station, completed in 2010, is nearly 94% occupied. For the full story, go to Crain’s Chicago Business . News Hub is your link to relevant real estate and business stories from other local, regional and national publications.