TAMPA, FL-The highest-paid player in baseball ($25.7 million a year) and his investor associates in Coral Gables-based Newport Property Ventures company, acquire a total 482 multifamily units in 22 building for $20.9 million.

LEE COUNTY, FL-The project, to cost up to $180 million, will open in phases, beginning this fall.

WESLEY CHAPEL, FL-Echo Real Estate Services/Development of Pittsburgh plans to break ground this fall on the Grove at Wesley Chapel, an 835,000-sf mixed-use campus that will have entertainment components and 300 homes.

ORLANDO-The 16-story, 306-unit Paramount on Lake Eola will have 45,000 sf of retail, 10,000 sf of office, a 30,000-sf Publix and a 15,000-sf pool deck at 400 E. Central Blvd. Downtown. Groundbreaking is set for December with anticipated completion in 2008.