Miami

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.

OKO Group and Cain International are partnering to develop 830 Brickell, which is slated to deliver in 2022.

Nearly 1.5 million square feet of retail space will deliver in the market this year, the highest level since 2017.

The tenant mix includes 12 restaurants and several service-oriented companies that cater to the local community.