A 112-unit cottage rental community near Palm Lake on Northwest 44th Avenue received the green light this week by the local P&Z commission.

The cottage rental community is located behind Palm Lake Apartments and both would share Northwest 40th Avenue Road on the east side of Cottages of Ocala, officials said.

A garden-style apartment property in Ocala sold for $49.7 million, or $151,677 per unit. Cortland Partners sold Deerwood Village Apartment Homes to Westshore LLC.

A 263-unit apartment complex in Ocala sold for $35 million, or $133,000 per unit. The 15-year-old property, Grand Reserve Apartment Homes, was 93.9 percent occupied when the sale closed.

PURE Property Management, the fastest-growing residential property management and technology company in the U.S., today ...