Jeff Ostrowski

Jeff Ostrowski writes about biotechnology, banking and economic development. Since joining the Post in 1999, he has covered a variety of business beats, including real estate and insurance. Before coming to the Post, he was a reporter at the South Florida Business Journal and the Fort Pierce Tribune. Real Time blog

Latest from Jeff Ostrowski

Scripps Florida creates another spinoff, but this one is staying home for now
 Scripps Florida on Friday announced its second spinoff company of the young year, although this startup has a different flavor than the venture-backed company the institute announced last week. The latest company, Calm Therapeutics, will seek a cure for Prader-Willi Syndrome, an uncommon genetic disease that causes children to overeat. While...

Posted: 3 days ago

Scripps Florida on Friday announced its second spinoff company of the young year, although this startup has a different flavor than the venture-backed company the institute announced last week. The latest company, Calm Therapeutics, will seek a cure for Prader-Willi Syndrome, an uncommon genetic disease that causes children to overeat. While...
Still growing: Keyes Co. buys Boynton Beach brokerage
 The Keyes Co., already the biggest real estate brokerage in Palm Beach County by a wide margin, keeps getting bigger. Keyes said Friday that it bought The Realty Pros, a 43-agent firm headquartered west of Boynton Beach. It’s Keyes’ fourth acquisition in just six months. Realty Pros’ office at at Canyon Town Center...

Posted: 3 days ago

The Keyes Co., already the biggest real estate brokerage in Palm Beach County by a wide margin, keeps getting bigger. Keyes said Friday that it bought The Realty Pros, a 43-agent firm headquartered west of Boynton Beach. It’s Keyes’ fourth acquisition in just six months. Realty Pros’ office at at Canyon Town Center...
Florida economy in Rick Scott era: Success story or disappointment?
 Gov. Rick Scott pitches Florida’s post-recession recovery as nothing short of an economic miracle. His detractors say the state’s labor market remains a low-wage nightmare. With the two-term governor expected to vie for the U.S. Senate seat held by Democrat Bill Nelson, Scott’s economic legacy is attracting both praise and...

Posted: 6 days ago

Gov. Rick Scott pitches Florida’s post-recession recovery as nothing short of an economic miracle. His detractors say the state’s labor market remains a low-wage nightmare. With the two-term governor expected to vie for the U.S. Senate seat held by Democrat Bill Nelson, Scott’s economic legacy is attracting both praise and...
The good and bad of Florida’s labor market in three charts
 As Gov. Rick Scott noted in Tuesday’s State of the State speech, Florida has gone through a “remarkable” economic turnaround since he took office seven years ago. Job creation has exploded, and the unemployment rate has fallen below the nation’s. (Mouse over chart for more details.) Yet Democrats counter...

Posted: 6 days ago

As Gov. Rick Scott noted in Tuesday’s State of the State speech, Florida has gone through a “remarkable” economic turnaround since he took office seven years ago. Job creation has exploded, and the unemployment rate has fallen below the nation’s. (Mouse over chart for more details.) Yet Democrats counter...
PGA National Resort for sale: Will it top 2006 price of $170 million?
 The last time PGA National Resort & Spa changed hands, the Palm Beach Gardens property fetched a tidy $170 million. It’s on the market again, according to a website set up by the resort’s broker. Walton Street Capital of Chicago bought PGA National from Llwyd Ecclestone in 2006. Since then, the owner has spent $89 million...

Posted: 7 days ago

The last time PGA National Resort & Spa changed hands, the Palm Beach Gardens property fetched a tidy $170 million. It’s on the market again, according to a website set up by the resort’s broker. Walton Street Capital of Chicago bought PGA National from Llwyd Ecclestone in 2006. Since then, the owner has spent $89 million...
Tire Kingdom parent TBC says merger will bring more growth
 TBC, the fast-growing owner of the Tire Kingdom and Midas brands, aims to get even bigger. The Palm Beach Gardens-based company this week announced a deal that would make it the nation’s second-largest wholesaler of tires. If the deal is completed in March as planned, TBC could add 50 to 100 positions at its headquarters, said President...

Posted: 10 days ago

TBC, the fast-growing owner of the Tire Kingdom and Midas brands, aims to get even bigger. The Palm Beach Gardens-based company this week announced a deal that would make it the nation’s second-largest wholesaler of tires. If the deal is completed in March as planned, TBC could add 50 to 100 positions at its headquarters, said President...
Federal government takes tougher stance on pot, Florida effect unclear
 Atty. Gen. Jeff Sessions announced Thursday that the federal government will take a more aggressive approach to marijuana laws, although it’s not clear how any shift in enforcement might affect Florida’s fast-growing cannabis industry. Under President Barack Obama, federal drug warriors agreed to overlook marijuana businesses...

Posted: 11 days ago

Atty. Gen. Jeff Sessions announced Thursday that the federal government will take a more aggressive approach to marijuana laws, although it’s not clear how any shift in enforcement might affect Florida’s fast-growing cannabis industry. Under President Barack Obama, federal drug warriors agreed to overlook marijuana businesses...
GL Homes pays $50 million for vacant land west of Boynton Beach
 GL Homes says it has snapped up 255 acres of vacant land west of Boynton Beach for $50 million. The site is approved for 283 homes, said Larry Portnoy, a vice president at the Broward County builder. It’s unclear how many houses GL might build, what the price range will be or whether the new neighborhood would be age-restricted, Portnoy...

Posted: 12 days ago

GL Homes says it has snapped up 255 acres of vacant land west of Boynton Beach for $50 million. The site is approved for 283 homes, said Larry Portnoy, a vice president at the Broward County builder. It’s unclear how many houses GL might build, what the price range will be or whether the new neighborhood would be age-restricted, Portnoy...
Scripps Florida spinoff raises $55 million in venture capital
 In a coup for a Palm Beach County biotech hub that has struggled to sprout for-profit spinoffs, a company created at Scripps Florida raised $55.3 million from a group of high-profile venture capitalists. The startup, Expansion Therapeutics Inc., said Wednesday that it brought in money from big-name backers, including 5AM Ventures, Kleiner...

Posted: 12 days ago

In a coup for a Palm Beach County biotech hub that has struggled to sprout for-profit spinoffs, a company created at Scripps Florida raised $55.3 million from a group of high-profile venture capitalists. The startup, Expansion Therapeutics Inc., said Wednesday that it brought in money from big-name backers, including 5AM Ventures, Kleiner...
Unique cuisine, artistry at Jereve at Emko
 MENU Jereve’s gourmet offerings include vichyssoise, kale salad and braised short-rib ravioli. There’s a burger on the menu, but the offerings are decidedly artsy. Dishes start at $14, and the prix fixe menu costs $30 for three courses. Jereve also serves brunch. ATMOSPHERE Jereve (the name is taken from the French phrase je reve...

Posted: 12 days ago

MENU Jereve’s gourmet offerings include vichyssoise, kale salad and braised short-rib ravioli. There’s a burger on the menu, but the offerings are decidedly artsy. Dishes start at $14, and the prix fixe menu costs $30 for three courses. Jereve also serves brunch. ATMOSPHERE Jereve (the name is taken from the French phrase je reve...
Jupiter Beach Resort sells for $49 million
 The Jupiter Beach Resort has changed hands for $49 million, according to property records. The 168-room hotel last sold in 2007 for $21.9 million. The seller was Rockwood Capital of New York. The buyer is Ocean Properties Ltd. of Delray Beach. Ocean Properties took out a $48 million mortgage from the Bank of New Hampshire. Jupiter Beach...

Posted: 13 days ago

The Jupiter Beach Resort has changed hands for $49 million, according to property records. The 168-room hotel last sold in 2007 for $21.9 million. The seller was Rockwood Capital of New York. The buyer is Ocean Properties Ltd. of Delray Beach. Ocean Properties took out a $48 million mortgage from the Bank of New Hampshire. Jupiter Beach...