The Daily Transcript – Carlsbad-based Capstone Advisors on Tuesday announced the sale of a residential project in La Quinta, Calif., and a Salad and Go restaurant in Phoenix. Capstone sold Piazza Serena, a residential land asset in La Quinta with 60 finished lots, for $9 million to Richmond American Homes. Capstone was represented in the sale by Marc Kleiman of Province West. Piazza Serena offers expansive views of the surrounding Santa Rosa Mountains and has lot sizes averaging one quarter acre.
“We’re pleased to continue our partnership with Richmond American Homes through another successful land transaction,” Mark Hayden, vice president of development at Capstone Advisors, said in a statement. Read the Full Feature.