Biz Buzz of the Week: Jeff Bezos closes on 'Billionaire Bunker' mansion for $87M; Tri-Rail to launch express service and more.
South Florida Business Journal
The Miami region's source for local business news & events. Part of the American City Business Journals network.
Jeff Bezos closes on 'Billionaire Bunker' mansion for $87 million by Brian Bandell
A trust controlled by billionaire Jeff Bezos, the founder of Amazon.com, paid $87 million for a waterfront mansion in Indian Creek Village. Read more.
Tri-Rail to launch express service from West Palm Beach to Miami by Erik Bojnansky
Tri-Rail will launch a new express service on July 1 that will reduce travel time between West Palm Beach and downtown Miami. Read more.
BurgerFi chairman steps down, successor named as company faces 'liquidity challenges' by Cortney Danielle Moore
BurgerFi International, Inc. announced significant changes have taken place at the company, including the resignation of its executive chairman of the board, Ophir Sternberg.?Read more.
ADT to close operations at South Florida facility, lay off 73 staff by Ashley Portero
Home security company ADT plans to close certain units at its information technology center in Boca Raton and dismiss 73 employees. Read more.
Miami bank has the most CRE exposure out of Florida-based banks, study says by Eman Elshahawy
A bank data analysis report released June 3 by Florida Atlantic University revealed that 67 banks in the country are at "increased risk of failure" due to their commercial mortgages — with exposure to commercial real estate greater than 300% of the total equity for each bank. Read more.
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Luxury brands help South Florida malls defy brick-and-mortar slump by Cortney Danielle Moore
High-end designer stores owned by some of the largest global fashion conglomerates have shoppers flocking to South Florida malls at a time when retail centers nationwide are struggling to secure tenants and boost foot traffic. Read the full story.
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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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Realtor Associate @ Next Trend Realty LLC | HAR REALTOR, IRS Tax Preparer
9 个月Very helpful!.