Miami

The buildings were 100% occupied at the time of sale by Comcast and Bolton Medical.

The Netherlands-based hotel brand is building a 12-story, 351-key hotel at the mammoth mixed-use project.

"Northerners and other homebuyers are not just purchasing second homes; they are bringing businesses and moving here full time," says MIAMI Chairman of the Board José María Serrano.

The proposed 22-acre project has been stalled with the city planning board for more than a year in part over concerns about affordable housing and gentrification.

Savlan purchased the development from Lichtman Nass Development Group, LLC for $28 million, which calculates out to $84,337 per unit.

Investments in Orange, Seminole, Lake, Osceola and Volusia counties will be given first priority; though other investments across Florida could also be considered.

A New Jersey-based residential development and management company bought the new Club at Crystal Lake apartment community.

The groundbreaking ceremony followed last month's announcement that National Realty Investment Advisors and U.S. Construction closed on a $73-million loan from CIM to begin construction on their Ocean Delray development.