LOS ANGELES-A partnership of Archstone, an Englewood, Colorado-based apartment developer, has picked up a 205-unit apartment community in Marina del Rey for an amount of $43.95 million. The development, named Bay Club, is situated on the west shore of Marina del Rey on Tahiti Way.
Archstone has plans to refurbish the apartment complex and rename it as Archstone Marina Bay. In August 2011, Archstone bought Villa Venetia and renamed it Archstone Breakwater at Marina del Rey. For the full story, go to Los Angeles Business .
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