Holliday Fenoglio Fowler, L.P. reports it arranged $20.30 million in financing for Tricera Capital's purchase of the 360,000-square-foot building at 2751 South Dixie Highway.

In addition to its corporate headquarters at 5332 Avion Park Drive in Tampa, the firm also shut the doors at its other three locations—8888 E. Raintree Drive in Scottsdale, AZ; 450 N. New Ballas Road in the St. Louis suburb of Creve Coeur, MO and 644 Eden Park Drive in Cincinnati, OH.

Waltham, MA-based Saracen Properties purchased the 172,813-square-foot office building in partnership with investment firm Cadre, which is headquartered in New York City.

Bronx Borough President Ruben Diaz Jr. reports that a grand opening is scheduled today for the 167-unit MLK Plaza affordable housing project being developed by Radson Development in the Mott Haven section of the borough.

The 1.48-million-square-foot portfolio is located in 11 states and is approximately 94% leased to the federal government and 99% leased overall.

The site is currently planned for the development of approximately 560,000 square feet of office space and is located along the pedestrian bridge to MARTA's Buckhead station adjacent to a number of dining, retail, high-rise residential and hotels properties.

Weaver, in his South Florida Multifamily 2019 Forecast report, stated that the near decade of strong performance is not setting up the multifamily sector in South Florida for another crash.

The property is currently 76% occupied. Bridge Investment Group, which acquired more than 6 million square feet of space in the US in 2018, says it plans to undertake a $5-million capital improvement program at the campus.