The Inland Empire is on track to record one of the nation's biggest declines in vacancy, so it's no wonder one of its largest apartment complexes traded hands. MG Properties Group and Rockwood Capital bought Terracina, a 736-unit apartment complex in Ontario, from an affiliate of Archstone for $95M--or $130k/unit. The property boasts a quartet of swimming pools (all fair game during Marco Polo) as well as lighted tennis courts, indoor racquetball courts, and streams on 41 acres. Marcus & Millichap EVP Greg Harris repped the buyer with colleagues Kevin Green and Joseph Grabiec. Cushman & Wakefield's Ed Rosen and John Chu repped the seller.

Infill or suburbs? Where's your latest project going and why? Tell Catie Dixon at catie@bisnow.com or Tonie Auer at tonie@bisnow.com