CHICAGO-A real estate investor from Canada has agreed purchaseAlta at K Station, an 848-unit apartment community in the WestLoop, for approximately $300 million. Mississauga, Ontario-basedMorguard Corp. will pay about $354,000 per unit for the two-towerapartment property at 555 W. Kinzie St.
Morguard is buying the complex from a joint venture betweenPacific Life Insurance Co. of Newport Beach, California, andFifield Cos. of Chicago. Alta at K Station, completed in 2010, isnearly 94% occupied. For the full story, go to Crain's Chicago Business .
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