Bustling city approves two multifamily projects

The Hialeah City Commission approved two multifamily development zoning applications on May 24. In the larger project, the 10.1-acre site at 3500 W. 9th Ave. was rezoned from low-density residential to medium-density residential to allow for 226 apartments. The property is owned by Villas de Las Palmas, managed by veteran apartment developers Tomas Cabrerizo and…

Palm Beach County apartment complex sold for $77M

The 360-unit Arbor Oaks apartment complex in West Boca sold for $77 million to a California-based company. Arbor Oaks Apartments, an affiliate of Houston-based LSR Communities, sold the garden-style apartment complex at 9703 Arbor Oaks Court – just off U.S. 441 – to Arbor Oaks Apartments Property Owner, an affiliate of Los Angeles-based JRK Property…