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Latest from Jeff Ostrowski

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Despite robust pay, jobs for mechanics and machinists go unfilled
 Every morning, Zackery Wysocki dons a helmet and suits up in protective gear for another day of bending metal. After three years as a welder, the 29-year-old father is pleased with his career choice. He pulls down twice as much as he used to make as a telemarketer, and a grant covered tuition at the academic program that prepared him for...

Posted: 8 hours ago

Every morning, Zackery Wysocki dons a helmet and suits up in protective gear for another day of bending metal. After three years as a welder, the 29-year-old father is pleased with his career choice. He pulls down twice as much as he used to make as a telemarketer, and a grant covered tuition at the academic program that prepared him for...
New pot proponent? Willis McGahee joins list of stars touting marijuana’s medical benefits
 Add former NFL running back Willis McGahee to the list of high-profile athletes espousing the health benefits of marijuana. McGahee is slated to speak at The NFL and Medical Marijuana conference in Miami the day before the Super Bowl. He’s scheduled for a session titled “Round-Table Discussion with Panel of Former NFL Players...

Posted: 14 hours ago

Add former NFL running back Willis McGahee to the list of high-profile athletes espousing the health benefits of marijuana. McGahee is slated to speak at The NFL and Medical Marijuana conference in Miami the day before the Super Bowl. He’s scheduled for a session titled “Round-Table Discussion with Panel of Former NFL Players...
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: 4 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: 4 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: 7 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: 7 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: 8 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: 11 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: 12 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: 13 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: 13 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: 14 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: 14 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...
RE/MAX broker invests in Boca bricks and mortar
 Boca Raton real estate broker David Serle predicts the Palm Beach County housing market will continue to rebound. Backing that prediction with a bet on bricks and mortar, Serle spent New Year’s weekend moving his 60-agent firm a couple blocks south, to a recently renovated building at 5820 N. Federal Highway. In an era when many brokers...

Posted: 14 days ago

Boca Raton real estate broker David Serle predicts the Palm Beach County housing market will continue to rebound. Backing that prediction with a bet on bricks and mortar, Serle spent New Year’s weekend moving his 60-agent firm a couple blocks south, to a recently renovated building at 5820 N. Federal Highway. In an era when many brokers...
Another discount broker pushes in to Florida real estate market
 Bernard Polselli has sold more than a few houses during his life, and when it came time to list his place in Palm Beach Gardens, he decided not to use a traditional agent. Instead, he sold the house through Home Bay, a new entrant to Florida’s real estate market that’s drumming up business by charging sellers a flat fee of...

Posted: 14 days ago

Bernard Polselli has sold more than a few houses during his life, and when it came time to list his place in Palm Beach Gardens, he decided not to use a traditional agent. Instead, he sold the house through Home Bay, a new entrant to Florida’s real estate market that’s drumming up business by charging sellers a flat fee of...
Cosmetics maker’s rapid growth bucks trends in manufacturing
 Six years after opening a cosmetics factory here, makeup maker Oxygen Development has been busy bucking two big trends in manufacturing. First is the reality that many American factories have gone dark as manufacturing moves overseas. Swimming against that tide, Oxygen Development runs three shifts a day, churning out lipstick, eyeliner,...

Posted: 19 days ago

Six years after opening a cosmetics factory here, makeup maker Oxygen Development has been busy bucking two big trends in manufacturing. First is the reality that many American factories have gone dark as manufacturing moves overseas. Swimming against that tide, Oxygen Development runs three shifts a day, churning out lipstick, eyeliner,...
Red ink, hefty debt: Five things to know about ADT’s IPO
 A year after it went private, security company ADT wants to go public again. The Boca Raton-based firm has asked securities regulators for permission for an initial public offering in 2018. Among the nuggets from its filing: ADT is a huge player. The company has more than 7 million customers, and ADT says it’s “five times larger...

Posted: 20 days ago

A year after it went private, security company ADT wants to go public again. The Boca Raton-based firm has asked securities regulators for permission for an initial public offering in 2018. Among the nuggets from its filing: ADT is a huge player. The company has more than 7 million customers, and ADT says it’s “five times larger...
Palm Beach Gardens Marriott property sells for discount
 The Palm Beach Gardens Marriott has sold at a significant discount to the price it fetched a decade ago, according to property records. Rockbridge Capital of Columbus, Ohio, paid $29 million for the 279-room hotel at 4000 RCA Blvd., according to property records. The hotel last sold in 2007, when Investcorp of New York paid $59.3 million...

Posted: 20 days ago

The Palm Beach Gardens Marriott has sold at a significant discount to the price it fetched a decade ago, according to property records. Rockbridge Capital of Columbus, Ohio, paid $29 million for the 279-room hotel at 4000 RCA Blvd., according to property records. The hotel last sold in 2007, when Investcorp of New York paid $59.3 million...
Boca Raton apartment complex fetches $138 million
 In one of the biggest real estate deals of 2017 in Palm Beach County, a Virginia landlord paid $138 million for a recently built apartment complex in Boca Raton. AvalonBay Communities (NYSE: AVB), a real estate investment trust based in Arlington, Va., is the new owner of the Residences at Broken Sound at 850 NW Broken Sound Parkway, according...

Posted: 20 days ago

In one of the biggest real estate deals of 2017 in Palm Beach County, a Virginia landlord paid $138 million for a recently built apartment complex in Boca Raton. AvalonBay Communities (NYSE: AVB), a real estate investment trust based in Arlington, Va., is the new owner of the Residences at Broken Sound at 850 NW Broken Sound Parkway, according...
Florida gas prices tick up 2 cents, should dip after New Year
 Driven by rising oil prices and a pipeline explosion in North Africa, gas prices ticked up a bit this week. However, the increases should prove only temporary, predicted Mark Jenkins, spokesman for AAA-The Auto Club Group. “We may see moderate increases at the pump this week, but the downward trend should resume in the new year,&rdquo...

Posted: 20 days ago

Driven by rising oil prices and a pipeline explosion in North Africa, gas prices ticked up a bit this week. However, the increases should prove only temporary, predicted Mark Jenkins, spokesman for AAA-The Auto Club Group. “We may see moderate increases at the pump this week, but the downward trend should resume in the new year,&rdquo...
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