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(Save the date: RealShare Apartments comes to the Westin Bonaventure, Los Angeles, October 24.)

DENVER-In a market that has seen no new construction since the builder constructed Monterey Apartments in 2001, Stoneleigh Cos. LLC is partnering with Arris Investment LLC to acquire 13.8 acres of vacant land, and the joint venture has closed on the construction loan for the 298-unit apartment project known as M2 Apartments here. The property is the ninth multifamily project acquired and developed by Stoneleigh in the past three years and adds a new major market to its investment portfolio.

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