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

Former Bankrate CFO sentenced to 10 years for accounting fraud
 In a stiff punishment for a white-collar criminal, a federal judge on Tuesday sentenced the former chief financial officer of Bankrate Inc. to 10 years in prison for an accounting fraud. Edward J. DiMaria, 53, of Connecticut pleaded guilty in June to one count of conspiracy to making false statement’s to a public company’s accountants...

Posted: 3 hours ago

In a stiff punishment for a white-collar criminal, a federal judge on Tuesday sentenced the former chief financial officer of Bankrate Inc. to 10 years in prison for an accounting fraud. Edward J. DiMaria, 53, of Connecticut pleaded guilty in June to one count of conspiracy to making false statement’s to a public company’s accountants...
Palm Beach County jobless rate dips, job growth remains tepid
 Palm Beach County’s jobless rate fell to 3.9 percent in August, but job growth continued to lag the rest of the state. Palm Beach County unemployment fell from 4 percent in July and 4.4 percent in August 2017, Florida’s labor department said Friday.  However, the falling unemployment rate was accompanied by a shrinking number...

Posted: 4 days ago

Palm Beach County’s jobless rate fell to 3.9 percent in August, but job growth continued to lag the rest of the state. Palm Beach County unemployment fell from 4 percent in July and 4.4 percent in August 2017, Florida’s labor department said Friday.  However, the falling unemployment rate was accompanied by a shrinking number...
Palm Beach County home prices stall in August

Posted: 5 days ago

Home buyers took a breather in August, a month when the typical price of a Palm Beach County house slipped to the lowest level since January. The median price of single-family homes sold by Realtors was $340,000 last month, the Realtors of the Palm Beaches and Greater Fort Lauderdale said Thursday. That was down from July’s median price...
Palm Beach County home prices pull back in August
 Home buyers took a breather in August, a month when the typical price of a Palm Beach County house slipped to the lowest level since January. The median price of single-family homes sold by Realtors was $340,000 last month, the Realtors of the Palm Beaches and Greater Fort Lauderdale said Thursday. That was down from July’s median...

Posted: 5 days ago

Home buyers took a breather in August, a month when the typical price of a Palm Beach County house slipped to the lowest level since January. The median price of single-family homes sold by Realtors was $340,000 last month, the Realtors of the Palm Beaches and Greater Fort Lauderdale said Thursday. That was down from July’s median...
South Florida airports all rank below average in J.D. Power grades
 In Lake Woebegon, all the children are above average. In South Florida, alas, all the airports are below average, according to J.D. Power’s 2018 North America Airport Satisfaction Study. The survey of more than 40,000 passengers ranks dozens of airports on such factors as check-in, food options and baggage claim.  Palm...

Posted: 6 days ago

In Lake Woebegon, all the children are above average. In South Florida, alas, all the airports are below average, according to J.D. Power’s 2018 North America Airport Satisfaction Study. The survey of more than 40,000 passengers ranks dozens of airports on such factors as check-in, food options and baggage claim.  Palm...
Palm Beach County bank customers forgive Wells Fargo’s missteps
 Wells Fargo remains Palm Beach County’s biggest bank, and out-of-state institutions continue to dominate the county’s financial landscape. San Francisco-based Wells Fargo held nearly $10 billion of the county’s deposits as of June 30, a market share of 19 percent, according to the Federal Deposit Insurance Corp. Wells Fargo&rsquo...

Posted: 6 days ago

Wells Fargo remains Palm Beach County’s biggest bank, and out-of-state institutions continue to dominate the county’s financial landscape. San Francisco-based Wells Fargo held nearly $10 billion of the county’s deposits as of June 30, a market share of 19 percent, according to the Federal Deposit Insurance Corp. Wells Fargo&rsquo...
Seacoast Bank boosts starting pay to $15 an hour
 Two years ago, Stuart-based Seacoast Banking Corp. (NASDAQ: SBCF) boosted minimum pay to $14 an hour. Now it has given wages again, this time to at least $15 an hour. Seacoast said the raise aims to help tellers and other low-wage workers keep pace with rising costs of living. The raises are separate from merit increase considerations and...

Posted: 6 days ago

Two years ago, Stuart-based Seacoast Banking Corp. (NASDAQ: SBCF) boosted minimum pay to $14 an hour. Now it has given wages again, this time to at least $15 an hour. Seacoast said the raise aims to help tellers and other low-wage workers keep pace with rising costs of living. The raises are separate from merit increase considerations and...
Fresh noodles, toppings at Ramen Lab Eatery
 MENU Ramen Lab Eatery’s chief attraction is big bowls of noodles served with broth and exotic toppings. Ramen Lab also serves poke, fresh fish over rice or salad. The most expensive item on the menu is $18. Ramen Lab sells beer and wine. ATMOSPHERE Ramen Lab Eatery’s Delray Beach location occupies a space in a bustling restaurant...

Posted: 6 days ago

MENU Ramen Lab Eatery’s chief attraction is big bowls of noodles served with broth and exotic toppings. Ramen Lab also serves poke, fresh fish over rice or salad. The most expensive item on the menu is $18. Ramen Lab sells beer and wine. ATMOSPHERE Ramen Lab Eatery’s Delray Beach location occupies a space in a bustling restaurant...
Brightline buys private rail line connecting Los Angeles and Las Vegas
 Brightline’s newly launched rail service in South Florida is losing money and struggling to lure passengers, but its owners are optimistic enough about the concept that they just bought the private train route from Los Angeles to Las Vegas. Brightline said Tuesday that it paid an undisclosed sum for XpressWest, a high-speed passenger...

Posted: 7 days ago

Brightline’s newly launched rail service in South Florida is losing money and struggling to lure passengers, but its owners are optimistic enough about the concept that they just bought the private train route from Los Angeles to Las Vegas. Brightline said Tuesday that it paid an undisclosed sum for XpressWest, a high-speed passenger...
Amateur hour at former B.B. King’s? Owner says reality-TV managers committed fraud
 A Memphis-based restaurateur had high hopes when it hired two reality TV stars to revive its struggling eatery and music venue at CityPlace in West Palm Beach. Instead, after an ill-considered renovation and rebranding, the former home of B.B. King’s, Lafayette’s and Bowery Palm Beach is empty. In a lawsuit filed Friday in Palm...

Posted: 8 days ago

A Memphis-based restaurateur had high hopes when it hired two reality TV stars to revive its struggling eatery and music venue at CityPlace in West Palm Beach. Instead, after an ill-considered renovation and rebranding, the former home of B.B. King’s, Lafayette’s and Bowery Palm Beach is empty. In a lawsuit filed Friday in Palm...
Manufacturing facility in Belle Glade to create nearly 200 jobs
 In a potential economic boost for a struggling corner of Palm Beach County, a Michigan-based manufacturer plans to build a 190-worker plant on the site of a former state prison in Belle Glade.  Palm Beach County commissioners next week will consider a tax exemption of nearly $500,000 for a company code-named Project Paper. City...

Posted: 13 days ago

In a potential economic boost for a struggling corner of Palm Beach County, a Michigan-based manufacturer plans to build a 190-worker plant on the site of a former state prison in Belle Glade.  Palm Beach County commissioners next week will consider a tax exemption of nearly $500,000 for a company code-named Project Paper. City...