Biz?? Buzz?? of the Week???: Brickell building sold for $443M; New bank gets FDIC approval to launch and more.

Brickell Avenue office building sold for $443 million by Brian Bandell

Nuveen Real Estate sold the 701 Brickell office building in Miami for $443 million, the second-largest price ever for a Florida office building. Read more.

New Miami-Dade bank to launch after securing FDIC approval by Eman Elshahawy

BankMiami is set to be Miami-Dade County's newest bank since 2008 after securing approval from federal regulators. Read more.

Brickell City Centre H&M to launch, The Wharf Fort Lauderdale reopens and more by Cortney Danielle Moore

Brickell City Centre's H&M will open in October, The Wharf Fort Lauderdale is set to make a comeback among new restaurant concepts— plus eight other restaurants that have launched or announced new locations throughout the tri-county region. Read more.

Homebuilder forms $3 billion partnership with private equity firm by Erik Bojnansky

A South Florida-based real estate investor and developer has teamed up with a Spanish alternative investment management fund to invest at least $3 billion toward the construction and acquisition of residential properties across the U.S. Southeast and Midwest. Read more.

Miami video game developer lays off 39% of its employees by Ashley Portero

Video game developer Motorsport Games is considering a sale after announcing plans to lay off 39% of its global team. Read more.

ICYMI: Top Breaking News this Week

• AIMCO to sell Miami apartment tower, site for $204 million (Photos)
• West Palm Beach hotel to open next to acclaimed golf course (Photos)
• ADT reports another hack months after breach
• Former Miami Heat star Alonzo Mourning teams with HTG to break ground on apartments
• Buyer revealed for grocery-anchored shopping center in Palm Beach

More Trending Stories this Week

• Companies that moved headquarters in South Florida in 2024 (Photos)
• Bal Harbour Shops to launch pop-up mall at Palm Beach shopping center
• Miami-Dade County asks startups for traffic solutions
• Lennar pays $54 million for home development site
• Coral Gables office building faces $69 million foreclosure

Must-Read Exclusive Marine Section Stories

FEC Railroad Bridge disruptions give Fort Lauderdale's marine industry headaches. What's the solution?

A railway drawbridge that’s operated for decades over the New River in Fort Lauderdale has become a scourge for Broward County’s multibillion-dollar boating industry.

For the past six years, train traffic has intensified on the Florida East Coast Railroad Bridge, which is now lowered up to 51 times a day. What’s more, the 46-year-old bridge can break down when lowered, halting vessels on one of Broward’s busiest waterways – sometimes for several days.

The frequent bridge closures, coupled with its mechanical woes, have been a headache for dozens of marinas, boatyards and other marine ventures, impacting their ability to conduct business in a timely and cost-effective manner, industry insiders say.

Read the full story.

More Exclusive Marine Stories

• South Florida high schools prepare students for marine education
• Company uses AI to prevent at-sea collisions
• Boatzon gives boat buying an online makeover

Latest Lists

• Top South Florida Marine Industry Businesses by Revenue
• Top South Florida Marine Industry Businesses by Employees

That's all for this week's Biz Buzz, and thanks for supporting the SFBJ. This weekly round-up of South Florida's buzziest business news was compiled by Eman Elshahawy, digital producer. Questions? Comments? Concerns? News tips? Send them to [email protected].

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