Miami

The sectors in Austin Seattle, Phoenix and Miami may be running at different temperatures, but the fundamentals suggest they're not overheating.

PEBB Enterprises and Banyan Development plan to acquire 15 acres of land for the grocery-anchored project within a master-planned community in Port St. Lucie, FL.

"This seems to be a case of the first impression in South Florida that will likely be relied upon by other jurists as litigation regarding force majeure provisions move through the court system," said an attorney for the landlord in this case.

The $29 billion fund has strict guidance on the businesses can access funding and what they can do with it.

"Doral is really coming into its own right now," said Ron Castan, who represented Miami-based real estate developer Terra in the deal.

The recent acquisitions expand the firm's last-mile portfolio by 864,000 square feet across coastal logistics markets.

The buildings sold at the submarket's highest price per square foot, suggesting increased investor confidence.

Monroe Capital closed the loan through its Opportunistic Private Credit group, which focuses on complex and special situation structured debt and equity.