Irvine, CA Irvine, CA

LaTerra Development has sold its transit-oriented apartment project the Line in Santa Ana for $101 million. The project is currently under construction and is expected to deliver in the next three months. LaTerra will stay on the project to complete construction.

The Line is a 228-unit apartment complex at 3630 W. Westminster Ave. in Santa Ana. It features a 2,200-square-foot fitness center, a resort-style pool deck with cabanas, a spa and an outdoor fireplace. It also includes 4,000 square feet of ground floor retail.

The name of the buyer was not disclosed. LaTerra acquired the land for the development in 2015.

 

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Kelsi Maree Borland

Kelsi Maree Borland is a freelance journalist and magazine writer based in Los Angeles, California. For more than 5 years, she has extensively reported on the commercial real estate industry, covering major deals across all commercial asset classes, investment strategy and capital markets trends, market commentary, economic trends and new technologies disrupting and revolutionizing the industry. Her work appears daily on GlobeSt.com and regularly in Real Estate Forum Magazine. As a magazine writer, she covers lifestyle and travel trends. Her work has appeared in Angeleno, Los Angeles Magazine, Travel and Leisure and more.