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

Hot on campaign trail, Jeff Greene cools on West Palm real estate
 Eight years ago, Jeff Greene was a political neophyte who spent millions of his fortune on a losing primary campaign for U.S. Senate. Four years ago, he was the deep-pocketed investor poised to single-handedly transform the skyline of West Palm Beach, a city where he had spent $125 million to amass vacant land and unsold condos...

Posted: 3 days ago

Eight years ago, Jeff Greene was a political neophyte who spent millions of his fortune on a losing primary campaign for U.S. Senate. Four years ago, he was the deep-pocketed investor poised to single-handedly transform the skyline of West Palm Beach, a city where he had spent $125 million to amass vacant land and unsold condos...
Palm Beach County’s jobs picture: Low unemployment, but weak job growth
 Palm Beach County posted another month of low unemployment and weak job growth in July. The county’s unemployment rate was 4 percent in July, up slightly from 3.9 percent in June but down from 4.4 percent a year earlier, the Florida Department of Economic Opportunity said Friday. While that shows the region’s labor market at full...

Posted: 3 days ago

Palm Beach County posted another month of low unemployment and weak job growth in July. The county’s unemployment rate was 4 percent in July, up slightly from 3.9 percent in June but down from 4.4 percent a year earlier, the Florida Department of Economic Opportunity said Friday. While that shows the region’s labor market at full...
Palm Beach Outlets adding six stores to vacant spaces
 Palm Beach Outlets says it’s adding half a dozen new tenants to its outdoor mall and strip center in West Palm Beach. The largest of the new arrivals is discounter Five Below, which has taken 13,588 square feet in the space once occupied by Sports Authority. That box was vacated when Sports Authority went bust two years ago, but much...

Posted: 4 days ago

Palm Beach Outlets says it’s adding half a dozen new tenants to its outdoor mall and strip center in West Palm Beach. The largest of the new arrivals is discounter Five Below, which has taken 13,588 square feet in the space once occupied by Sports Authority. That box was vacated when Sports Authority went bust two years ago, but much...
Medical marijuana dispensary plans to open on Okeechobee Boulevard in December
 Medical marijuana producer GrowHealthy plans to open a dispensary on Okeechobee Boulevard by the end of the year.  The new pot shop will be at 4237 Okeechobee Blvd., an unincorporated pocket of Palm Beach County just east of Military Trail. The dispensary will occupy 4,500 square feet, eclipsing the 3,100 square feet in Lake Worth...

Posted: 4 days ago

Medical marijuana producer GrowHealthy plans to open a dispensary on Okeechobee Boulevard by the end of the year.  The new pot shop will be at 4237 Okeechobee Blvd., an unincorporated pocket of Palm Beach County just east of Military Trail. The dispensary will occupy 4,500 square feet, eclipsing the 3,100 square feet in Lake Worth...
Local firms make list of nation’s fastest-growing private companies
 Four Palm Beach County companies ranked near the top of the annual Inc. 500 list of the nation’s fastest-growing private companies. Experimac, a West Palm Beach-based franchise, led the way among local companies. The company ranked 57th nationally, based on revenue that soared 4,788 percent, to $12.4 million in 2017. Experimac...

Posted: 5 days ago

Four Palm Beach County companies ranked near the top of the annual Inc. 500 list of the nation’s fastest-growing private companies. Experimac, a West Palm Beach-based franchise, led the way among local companies. The company ranked 57th nationally, based on revenue that soared 4,788 percent, to $12.4 million in 2017. Experimac...
Housing affordability falls to 10-year low in Palm Beach County, nation
 Mirroring a national trend of rebounding home prices and rising mortgage rates, Palm Beach County saw housing affordability fall to a 10-year low in the second quarter of 2018, according to the National Association of Home Builders/Wells Fargo Housing Opportunity Index. Just 54.9 percent of homes sold in Palm Beach County in the second...

Posted: 5 days ago

Mirroring a national trend of rebounding home prices and rising mortgage rates, Palm Beach County saw housing affordability fall to a 10-year low in the second quarter of 2018, according to the National Association of Home Builders/Wells Fargo Housing Opportunity Index. Just 54.9 percent of homes sold in Palm Beach County in the second...
Scripps Florida scientists win NIH grant to study safer painkillers
 Two Scripps Florida scientists won a five-year, $3.7 million grant from the National Institutes of Health to develop safer pain medications, the Jupiter nonprofit said Wednesday. Laura Bohn and Thomas Bannister will use the money to study new compounds that separate the powerful pain relief of opioids from the drugs’ life-threatening...

Posted: 6 days ago

Two Scripps Florida scientists won a five-year, $3.7 million grant from the National Institutes of Health to develop safer pain medications, the Jupiter nonprofit said Wednesday. Laura Bohn and Thomas Bannister will use the money to study new compounds that separate the powerful pain relief of opioids from the drugs’ life-threatening...
Poké Lab Eatery features raw fish over rice, salad
 MENU Poké Lab Eatery serves poké, the Hawaiian street fare that’s popping up in food halls and shopping malls across the country. Poké Lab serves sushi-grade raw fish over rice or salad. There are just a few items on the menu, priced at $12 to $15. ATMOSPHERE Poké Lab Eatery is one of the vendors at Grandview...

Posted: 6 days ago

MENU Poké Lab Eatery serves poké, the Hawaiian street fare that’s popping up in food halls and shopping malls across the country. Poké Lab serves sushi-grade raw fish over rice or salad. There are just a few items on the menu, priced at $12 to $15. ATMOSPHERE Poké Lab Eatery is one of the vendors at Grandview...
SEC says muni bond firm in Boca Raton committed fraud
 A Boca Raton company improperly diverted municipal bonds at the expense of retail investors, the Securities and Exchange Commission said Tuesday. The SEC alleges that from 2009 to 2016, two agents of Core Performance Management LLC of Boca Raton lied about their identities to cut in line in bond allocations. The SEC says Core Performance...

Posted: 6 days ago

A Boca Raton company improperly diverted municipal bonds at the expense of retail investors, the Securities and Exchange Commission said Tuesday. The SEC alleges that from 2009 to 2016, two agents of Core Performance Management LLC of Boca Raton lied about their identities to cut in line in bond allocations. The SEC says Core Performance...
West Palm Beach has nation’s hottest mansion market, brokerage says
 West Palm Beach is home to the nation’s hottest mansion market, real estate brokerage Redfin said Monday. The average sale price of a luxury home sold in West Palm Beach in the second quarter soared to $2.24 million, up 85 percent from a year earlier. Luxury home prices jumped 59.1 percent in Boynton Beach, which placed second...

Posted: 7 days ago

West Palm Beach is home to the nation’s hottest mansion market, real estate brokerage Redfin said Monday. The average sale price of a luxury home sold in West Palm Beach in the second quarter soared to $2.24 million, up 85 percent from a year earlier. Luxury home prices jumped 59.1 percent in Boynton Beach, which placed second...
Boca Raton investor buys former Gander Mountain big box in Palm Beach Gardens
 The empty Gander Mountain store at Interstate 95 and Northlake Boulevard has a new landlord. Pebb Enterprises of Boca Raton said Monday that it now owns the 125,641 square feet of retail space on 13.2 prime acres. Instead of a straight sale, Pebb Enterprises said it took title by acquiring the property’s defaulted debt and foreclosing...

Posted: 7 days ago

The empty Gander Mountain store at Interstate 95 and Northlake Boulevard has a new landlord. Pebb Enterprises of Boca Raton said Monday that it now owns the 125,641 square feet of retail space on 13.2 prime acres. Instead of a straight sale, Pebb Enterprises said it took title by acquiring the property’s defaulted debt and foreclosing...