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Latest from Jeff Ostrowski

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Nasdaq delists struggling Rennova Health, entire company worth less than $113,000
 The Nasdaq Stock Market says it kicked money-losing Rennova Health off the exchange this week. Will anyone notice? That seems a fair question. The Nasdaq suspended Rennova shares last year. The West Palm Beach-based company fell chronically short of the exchange’s listing requirements, such as staying above $1 a share. What’s...

Posted: 23 days ago

The Nasdaq Stock Market says it kicked money-losing Rennova Health off the exchange this week. Will anyone notice? That seems a fair question. The Nasdaq suspended Rennova shares last year. The West Palm Beach-based company fell chronically short of the exchange’s listing requirements, such as staying above $1 a share. What’s...
Find French cuisine, cool vibe at Café Moderne
 MENU Café Moderne serves basics such as salads, sandwiches, quiche and crepes. Most items on the breakfast and lunch menu cost less than $15. Beer and wine are available. The French eatery was not open for dinner during our January visit but planned to add dinner hours. ATMOSPHERE As the name implies, Café Moderne’s dining...

Posted: 22 days ago

MENU Café Moderne serves basics such as salads, sandwiches, quiche and crepes. Most items on the breakfast and lunch menu cost less than $15. Beer and wine are available. The French eatery was not open for dinner during our January visit but planned to add dinner hours. ATMOSPHERE As the name implies, Café Moderne’s dining...
U.S. homeownership rate bounces back
 After hitting a generational low in 2016, the U.S. homeownership has bounced back. The rate hit 64.2 percent in the fourth quarter of 2017, the Census Bureau said Tuesday. While that’s well below the boomtime record of 69 percent, it’s also above the bottom of 62.9 percent seen in the second quarter of 2016. The number of new...

Posted: 23 days ago

After hitting a generational low in 2016, the U.S. homeownership has bounced back. The rate hit 64.2 percent in the fourth quarter of 2017, the Census Bureau said Tuesday. While that’s well below the boomtime record of 69 percent, it’s also above the bottom of 62.9 percent seen in the second quarter of 2016. The number of new...
Former Wall Street economist on Bitcoin: ‘I would rather buy tulips’
 Former Wall Street economist Henry Kaufman won’t be loading up on Bitcoin. “I would rather buy tulips,” said Kaufman, referring to the speculative bubble in precious flowers that swept the Netherlands in the 1630s. “It is not a medium of exchange. It is not a store of value.” Kaufman is no gold bug, either, he...

Posted: 23 days ago

Former Wall Street economist Henry Kaufman won’t be loading up on Bitcoin. “I would rather buy tulips,” said Kaufman, referring to the speculative bubble in precious flowers that swept the Netherlands in the 1630s. “It is not a medium of exchange. It is not a store of value.” Kaufman is no gold bug, either, he...
Trump again sues over property tax bill for Jupiter golf course
 In another indication that the world’s most powerful politician has few qualms about battling local public officials, President Donald Trump again has sued the Palm Beach County Property Appraiser over the valuation of his Trump National Golf Club. The suit marks the fifth year in a row that Trump has disputed the property tax...

Posted: 24 days ago

In another indication that the world’s most powerful politician has few qualms about battling local public officials, President Donald Trump again has sued the Palm Beach County Property Appraiser over the valuation of his Trump National Golf Club. The suit marks the fifth year in a row that Trump has disputed the property tax...
Another bookie gives South Florida long odds for Amazon’s HQ2
 We reported earlier this month that Irish betting site PaddyPower.com thinks South Florida is unlikely to win the sweepstakes for Amazon’s second headquarters. A Las Vegas bookie agrees. Like PaddyPower, Bovada Sportsbook puts the Miami metro area’s chances at 20-1, tied for dead last among the 20 finalists. Intriguingly...

Posted: 24 days ago

We reported earlier this month that Irish betting site PaddyPower.com thinks South Florida is unlikely to win the sweepstakes for Amazon’s second headquarters. A Las Vegas bookie agrees. Like PaddyPower, Bovada Sportsbook puts the Miami metro area’s chances at 20-1, tied for dead last among the 20 finalists. Intriguingly...
Florida medical marijuana registry keeps growing, blazes past 70,000
 A Florida pot producer sold to an out-of-state buyer this month for $48 million, a hefty price predicated on the promise that, someday, the Sunshine State’s medical marijuana business will generate $1 billion in annual sales. For the projections to prove prescient, half a million Floridians must sign up for the state’s cannabis...

Posted: 24 days ago

A Florida pot producer sold to an out-of-state buyer this month for $48 million, a hefty price predicated on the promise that, someday, the Sunshine State’s medical marijuana business will generate $1 billion in annual sales. For the projections to prove prescient, half a million Floridians must sign up for the state’s cannabis...
Boca Raton-based weed app attracts 600,000 users
 Darren Roberts is a marijuana entrepreneur, but he’s not peddling pot. Instead, Roberts runs High There, an app that touts itself as a meeting place for cannabis connoisseurs. Roberts’ Boca Raton-based company has 12 employees, and he boasts robust growth. High There is three years old and already has signed up 600,000 users....

Posted: 27 days ago

Darren Roberts is a marijuana entrepreneur, but he’s not peddling pot. Instead, Roberts runs High There, an app that touts itself as a meeting place for cannabis connoisseurs. Roberts’ Boca Raton-based company has 12 employees, and he boasts robust growth. High There is three years old and already has signed up 600,000 users....
Toys R Us closing two locations in Palm Beach County
 Insolvent retailer Toys R Us announced this week it’s closing 182 stores, including two in Palm Beach County. On the chopping block is the Babies R Us store at 21697 S. State Road 7 west of Boca Raton. The lease on that space ends in 2021, according to bankruptcy documents. The landlord is Southern Management & Development of Knoxville...

Posted: 27 days ago

Insolvent retailer Toys R Us announced this week it’s closing 182 stores, including two in Palm Beach County. On the chopping block is the Babies R Us store at 21697 S. State Road 7 west of Boca Raton. The lease on that space ends in 2021, according to bankruptcy documents. The landlord is Southern Management & Development of Knoxville...
NextEra Energy profit tops $5 billion for 2017
 NextEra Energy Inc., the parent of Florida Power & Light and Palm Beach County’s largest company, posted a record annual profit in 2017. Juno Beach-based NextEra (NYSE: NEE) said Friday that its revenue jumped to $17.2 billion in 2017, up from $16.2 billion in 2016. The utility’s profit soared to $5.38 billion for the year, up...

Posted: 27 days ago

NextEra Energy Inc., the parent of Florida Power & Light and Palm Beach County’s largest company, posted a record annual profit in 2017. Juno Beach-based NextEra (NYSE: NEE) said Friday that its revenue jumped to $17.2 billion in 2017, up from $16.2 billion in 2016. The utility’s profit soared to $5.38 billion for the year, up...
FAU nabs noted scientist from struggling Torrey Pines Institute
 Addiction researcher Lawrence Toll has joined Florida Atlantic University’s Charles E. Schmidt College of Medicine and the FAU Brain Institute, the university said Thursday. Toll brings grants from the National Institutes of Health, including a  five-year, $3.2 million award from the NIH’s National Institute on Drug...

Posted: 28 days ago

Addiction researcher Lawrence Toll has joined Florida Atlantic University’s Charles E. Schmidt College of Medicine and the FAU Brain Institute, the university said Thursday. Toll brings grants from the National Institutes of Health, including a five-year, $3.2 million award from the NIH’s National Institute on Drug...
Former Apple head John Sculley pays $14.9 million for Palm Beach mansion
 John Sculley, the Palm Beach resident and former Apple CEO, just paid $14.9 million for a mansion in Palm Beach, according to property records. As the CEO of Apple in the 1980s, Sculley famously fired Steve Jobs, who, of course, ultimately returned. Sculley’s new house is a 7,114-square-foot spread at 1214 N. Ocean Blvd. The seller...

Posted: 28 days ago

John Sculley, the Palm Beach resident and former Apple CEO, just paid $14.9 million for a mansion in Palm Beach, according to property records. As the CEO of Apple in the 1980s, Sculley famously fired Steve Jobs, who, of course, ultimately returned. Sculley’s new house is a 7,114-square-foot spread at 1214 N. Ocean Blvd. The seller...
Retail Armageddon? Not even close -- but big boxes are getting smaller
 For Palm Beach County’s retail real estate, the strange disconnect continues. Sports Authority is long gone. Office Depot is downsizing. Sam’s Club is closing its warehouse store at Interstate 95 and Hypoluxo Road. Even former stars like The Gap are closing mall locations in Wellington and Palm Beach Gardens. And yet: Palm Beach...

Posted: 28 days ago

For Palm Beach County’s retail real estate, the strange disconnect continues. Sports Authority is long gone. Office Depot is downsizing. Sam’s Club is closing its warehouse store at Interstate 95 and Hypoluxo Road. Even former stars like The Gap are closing mall locations in Wellington and Palm Beach Gardens. And yet: Palm Beach...
Marijuana dispensaries scout for locations in Palm Beach County
 Palm Beach County is home to just two marijuana dispensaries for now, but cannabis companies have signed deals for at least three more locations in the county. And perhaps two dozen pot shops could open for business in the county in the coming years. “There’s going to be a flurry of activity,” said commercial real estate...

Posted: 29 days ago

Palm Beach County is home to just two marijuana dispensaries for now, but cannabis companies have signed deals for at least three more locations in the county. And perhaps two dozen pot shops could open for business in the county in the coming years. “There’s going to be a flurry of activity,” said commercial real estate...
Still a seller’s market: Palm Beach County house prices edge up
 Palm Beach County’s housing market continued to favor sellers in December, a month when home prices ticked up and inventory remained tight. The median price of single-family houses sold by Realtors last month was $341,500. That was up 8 percent from a year ago but down from the June 2017 peak of $345,000, the Florida Realtors said Wednesday...

Posted: 29 days ago

Palm Beach County’s housing market continued to favor sellers in December, a month when home prices ticked up and inventory remained tight. The median price of single-family houses sold by Realtors last month was $341,500. That was up 8 percent from a year ago but down from the June 2017 peak of $345,000, the Florida Realtors said Wednesday...
CEO of new marijuana dispensary: Officials from school across the street are invited for a tour
 The head of Palm Beach County’s newest marijuana dispensary says he has invited officials from the charter school across the street to tour his business. Lindsay Jones, chief executive of Curaleaf Florida, said he has yet to hear back from anyone at the Academy for Positive Learning. The head of the school has said she&rsquo...

Posted: 29 days ago

The head of Palm Beach County’s newest marijuana dispensary says he has invited officials from the charter school across the street to tour his business. Lindsay Jones, chief executive of Curaleaf Florida, said he has yet to hear back from anyone at the Academy for Positive Learning. The head of the school has said she&rsquo...
Weiss Ratings grades cryptocurrencies: Ethereum gets a B, Bitcoin a C+
 Unveiling its cryptocurrency grades, Weiss Ratings said Wednesday that Ethereum rates a B, or “good,” while Bitcoin gets just a C+, for fair. No virtual money earned an A, or “excellent.” Meanwhile, Weiss Ratings founder Martin Weiss said his staff was up all night fending off denial of service attacks from...

Posted: 29 days ago

Unveiling its cryptocurrency grades, Weiss Ratings said Wednesday that Ethereum rates a B, or “good,” while Bitcoin gets just a C+, for fair. No virtual money earned an A, or “excellent.” Meanwhile, Weiss Ratings founder Martin Weiss said his staff was up all night fending off denial of service attacks from...
Comfort food with gourmet twist at Regional Kitchen
 MENU Regional Kitchen serves up what could be considered comfort foot with a gourmet twist and a Southern accent. The menu includes chicken noodle soup, a fried chicken sandwich, a patty melt and a Cobb salad served with deviled eggs and cornbread croutons. Lunch items cost less than $20. Dinner entrees top out at $36. Regional Kitchen has...

Posted: 29 days ago

MENU Regional Kitchen serves up what could be considered comfort foot with a gourmet twist and a Southern accent. The menu includes chicken noodle soup, a fried chicken sandwich, a patty melt and a Cobb salad served with deviled eggs and cornbread croutons. Lunch items cost less than $20. Dinner entrees top out at $36. Regional Kitchen has...
South Florida among ‘overvalued’ housing markets to make Amazon cut
 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: 30 days 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...
No better than 94th? We second-guess the Swanepoel 200
 The widely watched Swanepoel Power 200 list of the most important people in the residential real estate industry came out this week, and Floridians seemed to get short shrift. The highest-ranked Florida player on the list is Michael Saunders, head of a Sarasota brokerage, who placed 94th. Not that we’d ever nitpick, but it’s noteworthy...

Posted: 30 days ago

The widely watched Swanepoel Power 200 list of the most important people in the residential real estate industry came out this week, and Floridians seemed to get short shrift. The highest-ranked Florida player on the list is Michael Saunders, head of a Sarasota brokerage, who placed 94th. Not that we’d ever nitpick, but it’s noteworthy...
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