Actor Joe Regalbuto and his wife, Rosemary, have paid $725,000 for a two-bedroom condo in Santa Monica, according to public records. In a Big Time Listings exclusive, we can report that Regalbuto, who was best known for portraying the character Frank Fontana on the popular sitcom “Murphy Brown,” and his wife bought the third-floor, 1,222-square-foot unit in a building on 2nd Street in Santa Monica in November. The sale was recorded on Jan. 17. It is unclear what Regalbuto’s purpose was in buying the condo. However, the 57-year-old actor long has been a resident of Santa Monica. For many years, he and his wife have lived in a six-bedroom, 4,049-square-foot house in Santa Monica that was built in 1927, according to public records.