MOUNTAIN VIEW — A big apartment and retail complex in downtown Mountain View has been bought for more than $100 million in a deal that may send mixed signals about the Bay Area real estate market.

Mountain View Garden Apartments was bought for $57.4 million. Taylor Morrison, a major homebuilder, bought the 70-unit property at 570 South Rengstorff Avenue on April 5.

Taylor Morrison on Thursday paid $57.4 million for the former Mountain View Gardens apartment complex, which is slated for redevelopment. Tomas Ovalle/Silicon Valley Business Journal ...

Arizona-based real estate investor plans to replace Mountain View Gardens at 570 South Rengstorff Avenue with row houses. Taylor Morrison Inc. has picked up a 70-unit apartment complex approved ...

Residents of a Mountain View apartment building that might be demolished to make way for luxury townhomes are fighting against the plan, arguing that it threatens middle-class housing in their city.