I was working with a buyer today at One Bal Harbour. The Regents Hotel sign has been replaced.    As reported by the Miami Herald, a private group, ElCom Hotel & Spa, bought the common areas of the hotel for $12 million and 51 unsold condo-hotel units.

The owners of ElCom, executives with hotel backgrounds, have renamed the property the One Bal Harbour Hotel. Regent left another condo-hotel, in South Beach, two years ago.