Palm Beach County apartments fetch big money

real-estate

Palm Beach County apartment complexes continue to fetch top dollar. The latest example: The Arbor Oaks Apartments west of Boca Raton sold for $77 million, nearly double their 2009 price of $39.2 million, according to a deed made public Friday.

The complex includes 360 units. The buyer is an investor in Los Angeles, the seller an investor in Houston.

In an even richer deal the previous week, the Barcelona apartments in Jupiter sold for $87.6 million. Mann Realty Associates of New York bought the 352-unit complex.

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