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

Boynton Beach motel sells for $19.6 million, a discount from boomtime price
 Win some, lose some: Rockwood Capital of White Plains, New York, booked a hefty gain on last month’s sale of the Jupiter Beach Resort, but it took a loss this month when it sold a motel in Boynton Beach, according to property records. In the latest deal, Rockwood Capital sold the 170-room Courtyard Marriott at 1401 N. Congress Ave....

Posted: 11 hours ago

Win some, lose some: Rockwood Capital of White Plains, New York, booked a hefty gain on last month’s sale of the Jupiter Beach Resort, but it took a loss this month when it sold a motel in Boynton Beach, according to property records. In the latest deal, Rockwood Capital sold the 170-room Courtyard Marriott at 1401 N. Congress Ave....
Florida economy expected to hit $1 trillion in 2018 -- but is that as impressive as it sounds?
 This should be the year when Florida’s economy eclipses the $1 trillion mark, the Florida Chamber Foundation predicts. Is that as impressive as it sounds? Yes and no. Three other states long ago eclipsed the $1 trillion mark: California, Texas and New York. And adjust for population, and it becomes clear that Florida’s economy...

Posted: 14 hours ago

This should be the year when Florida’s economy eclipses the $1 trillion mark, the Florida Chamber Foundation predicts. Is that as impressive as it sounds? Yes and no. Three other states long ago eclipsed the $1 trillion mark: California, Texas and New York. And adjust for population, and it becomes clear that Florida’s economy...
Orangetheory Fitness founder opening hundreds of new gyms nationally
 Dave Long’s timing might have been better. The entrepreneur launched his fitness concept during the depths of the Great Recession, and his comparatively steep prices seemed out of step with the frugal mood of the times. “Pretty much everybody thought it was a horrible idea,” recalled Long, head of Boca Raton-based Orangetheory...

Posted: 17 hours ago

Dave Long’s timing might have been better. The entrepreneur launched his fitness concept during the depths of the Great Recession, and his comparatively steep prices seemed out of step with the frugal mood of the times. “Pretty much everybody thought it was a horrible idea,” recalled Long, head of Boca Raton-based Orangetheory...
Palm Beach County’s second pot shop opens today
 Palm Beach County’s second medical marijuana dispensary begins selling cannabis to patients today. Curaleaf is set to open Monday at 1125 N. Dixie Highway in Lake Worth, a location that’s just 12 blocks north of the county’s first pot shop, run by Knox Medical. Like Knox Medical’s retail location, Curaleaf&rsquo...

Posted: 18 hours ago

Palm Beach County’s second medical marijuana dispensary begins selling cannabis to patients today. Curaleaf is set to open Monday at 1125 N. Dixie Highway in Lake Worth, a location that’s just 12 blocks north of the county’s first pot shop, run by Knox Medical. Like Knox Medical’s retail location, Curaleaf&rsquo...
One person hurt in Acreage helicopter crash
 One person was injured after a small helicopter crashed in the Acreage, Palm Beach County Fire Rescue said Sunday. The crash happened near Royal Ascot Estates, Fire Rescue officials said shortly before 4 p.m. The pilot was taken to a hospital for treatment. He was flying a “small experimental helicopter that had crashed while taking...

Posted: a day ago

One person was injured after a small helicopter crashed in the Acreage, Palm Beach County Fire Rescue said Sunday. The crash happened near Royal Ascot Estates, Fire Rescue officials said shortly before 4 p.m. The pilot was taken to a hospital for treatment. He was flying a “small experimental helicopter that had crashed while taking...
Jupiter Island sees rare armed robbery
 Jupiter Island, that tony strip of mansions that counts Tiger Woods and billionaire John Malone among its homeowners, experienced a rare violent crime this weekend. The Jupiter Island Public Safety Department said two young men wearing masks and “armed with an undetermined type handgun” robbed a Jupiter Island residence early...

Posted: a day ago

Jupiter Island, that tony strip of mansions that counts Tiger Woods and billionaire John Malone among its homeowners, experienced a rare violent crime this weekend. The Jupiter Island Public Safety Department said two young men wearing masks and “armed with an undetermined type handgun” robbed a Jupiter Island residence early...
S. Florida among ‘overvalued’ housing markets to make first cut for Amazon’s HQ2
 As Amazon decides which of 20 metro areas to name the home of its second headquarters, how heavily will it weigh housing costs? That’s an open question, but the ecommerce giant seems not to be turned off by frothy housing markets. More than half of the 20 finalists -- including South Florida -- have home prices that are &ldquo...

Posted: a day ago

As Amazon decides which of 20 metro areas to name the home of its second headquarters, how heavily will it weigh housing costs? That’s an open question, but the ecommerce giant seems not to be turned off by frothy housing markets. More than half of the 20 finalists -- including South Florida -- have home prices that are &ldquo...
Billionaire developer Jeff Greene sues gossip site for libel
 Contending that an article on the GossipExtra website was libelous, billionaire developer Jeff Greene has sued gossip columnist Jose Lambiet. In a suit filed this month in Palm Beach County Circuit Court, Greene calls Lambiet’s reporting “grossly inadequate.” Greene’s claim focuses on a Dec. 3 piece titled, &ldquo...

Posted: a day ago

Contending that an article on the GossipExtra website was libelous, billionaire developer Jeff Greene has sued gossip columnist Jose Lambiet. In a suit filed this month in Palm Beach County Circuit Court, Greene calls Lambiet’s reporting “grossly inadequate.” Greene’s claim focuses on a Dec. 3 piece titled, &ldquo...
Billionaire developer Jeff Greene sues gossip site for libel
 Contending that an article on the GossipExtra website was libelous, billionaire developer Jeff Greene has sued gossip columnist Jose Lambiet. In a suit filed this month in Palm Beach County Circuit Court, Greene calls Lambiet’s reporting “grossly inadequate.” Greene’s claim focuses on a Dec. 3 piece titled, &ldquo...

Posted: 3 days ago

Contending that an article on the GossipExtra website was libelous, billionaire developer Jeff Greene has sued gossip columnist Jose Lambiet. In a suit filed this month in Palm Beach County Circuit Court, Greene calls Lambiet’s reporting “grossly inadequate.” Greene’s claim focuses on a Dec. 3 piece titled, &ldquo...
Pot docs postpone Miami medical marijuana conference, blame Sessions
 The American Medical Marijuana Physicians Association planned to host prominent speakers at a confab in Miami next month. Now, though, the group says  Attorney General Jeff Sessions’ tough talk about weed has forced it to reconsider. The pot docs said they have postponed their NFL and Medical Cannabis Conference. Speakers were to include...

Posted: 3 days ago

The American Medical Marijuana Physicians Association planned to host prominent speakers at a confab in Miami next month. Now, though, the group says Attorney General Jeff Sessions’ tough talk about weed has forced it to reconsider. The pot docs said they have postponed their NFL and Medical Cannabis Conference. Speakers were to include...
After IPO, ADT shares trading again
 Boca Raton-based ADT went public again on Friday, although shares received a tepid response. ADT (NYSE: ADT) traded at $12.49 Friday afternoon. The home-security company had targeted a price of $17 to $19 a share, then scaled back its IPO price to $14, The Wall Street Journal reported. Despite a roster of 7 million customers and...

Posted: 3 days ago

Boca Raton-based ADT went public again on Friday, although shares received a tepid response. ADT (NYSE: ADT) traded at $12.49 Friday afternoon. The home-security company had targeted a price of $17 to $19 a share, then scaled back its IPO price to $14, The Wall Street Journal reported. Despite a roster of 7 million customers and...