(Mark Your Calendars: RealShareApartments 2011, October 20 in Los Angeles).
WOODLAND HILLS, CA-Sares-Regis Group plans todevelop a 340-unit apartment complex here that it expects to haveready for occupancy in October 2013. Called Infinity, the projectis slated to be built on the site of a scrapped condominiumdevelopment on Ventura Boulevard two blocks from the Desoto Avenueoff-ramp of the 101 Freeway.
Bill Montgomery, president of Sares-RegisGroup’s Multifamily Acquisitions for Investment & DevelopmentDivision, said in an announcement regarding the project thatSares-Regis bought the site in an off-market agreement from aseller who had purchased the property at auction. Earlierdevelopment plans for the property as a for-sale condominiumcommunity were not completed as a result of the economic downturn,he says.
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