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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

Palm Beach County home prices hit post-crash high
 Palm Beach County home prices hit a post-crash high in March. The median price of a single-family house sold last month was $348,000, the Realtors of the Palm Beaches and Greater Fort Lauderdale said Monday. That’s up slightly from February’s median of $345,000, and a 7 percent increase from March 2017. Sales were down slightly...

Posted: 14 hours ago

Palm Beach County home prices hit a post-crash high in March. The median price of a single-family house sold last month was $348,000, the Realtors of the Palm Beaches and Greater Fort Lauderdale said Monday. That’s up slightly from February’s median of $345,000, and a 7 percent increase from March 2017. Sales were down slightly...
Florida’s medical marijuana registry hits 100,000
 In a sign that Floridians are embracing the state’s freshly minted medical marijuana program, the state’s official cannabis registry has topped 100,000 patients. The Florida Department of Health counted 100,576 patients as of Friday, and about 2,500 people join the list each week. “Hitting 100,000 patients in Florida really...

Posted: 3 days ago

In a sign that Floridians are embracing the state’s freshly minted medical marijuana program, the state’s official cannabis registry has topped 100,000 patients. The Florida Department of Health counted 100,576 patients as of Friday, and about 2,500 people join the list each week. “Hitting 100,000 patients in Florida really...
Palm Beach County unemployment falls, but job creation slow
 Workers are in short supply in Palm Beach County, but so are new jobs. In another month of mixed signals from Palm Beach County’s job market, the region’s unemployment rate fell in March even as job growth remained weak. Palm Beach County unemployment dipped to 3.6 percent in March, down from 3.7 percent in February, the state...

Posted: 3 days ago

Workers are in short supply in Palm Beach County, but so are new jobs. In another month of mixed signals from Palm Beach County’s job market, the region’s unemployment rate fell in March even as job growth remained weak. Palm Beach County unemployment dipped to 3.6 percent in March, down from 3.7 percent in February, the state...
Hurricane Irma’s unlikely victim: Florida’s supply of CBD
 Hurricane Irma terrified Floridians and spurred a mass evacuation. It also exacted a toll on the state’s supply of cannabidiol, or CBD, the non-euphoric pot product that patients use to control seizures, migraines and inflammation. Curaleaf, one of seven pot producers in the state, grows cannabis in southwestern Miami-Dade County...

Posted: 4 days ago

Hurricane Irma terrified Floridians and spurred a mass evacuation. It also exacted a toll on the state’s supply of cannabidiol, or CBD, the non-euphoric pot product that patients use to control seizures, migraines and inflammation. Curaleaf, one of seven pot producers in the state, grows cannabis in southwestern Miami-Dade County...
Ocwen CEO to retire, get $2.8 million
 The CEO of embattled mortgage firm Ocwen Financial will retire June 30, the company said Thursday. Ronald Faris’ departure package includes lump sums totaling $2.8 million. Faris will be succeeded by Glen Messina, 56. The management shakeup is part of West Palm Beach-based Ocwen’s merger with PHH Mortgage of Mount Laurel, New...

Posted: 4 days ago

The CEO of embattled mortgage firm Ocwen Financial will retire June 30, the company said Thursday. Ronald Faris’ departure package includes lump sums totaling $2.8 million. Faris will be succeeded by Glen Messina, 56. The management shakeup is part of West Palm Beach-based Ocwen’s merger with PHH Mortgage of Mount Laurel, New...
South Florida home values still below peak prices
 South Florida’s economy seems to be firing on all cylinders. Unemployment is back below 4 percent, construction activity has rebounded and home values have bounced back.  And yet: Median home prices in Palm Beach, Broward and Miami-Dade counties remain nearly 14 percent below their boomtime highs. That’s according to ...

Posted: 4 days ago

South Florida’s economy seems to be firing on all cylinders. Unemployment is back below 4 percent, construction activity has rebounded and home values have bounced back.  And yet: Median home prices in Palm Beach, Broward and Miami-Dade counties remain nearly 14 percent below their boomtime highs. That’s according to ...
La Brasa offers casual dining, Latin fare
 MENU La Brasa serves Latin staples, including skirt steak churrasco, seafood fried rice and ceviche. Sides include white and yellow rice, plantains and yuca. Entrée prices range from $5.99 for a quarter chicken to $15.99 for the skirt steak. La Brasa doesn’t serve alcohol, but it does sell Inca Kola, the Peruvian favorite. ATMOSPHERE...

Posted: 6 days ago

MENU La Brasa serves Latin staples, including skirt steak churrasco, seafood fried rice and ceviche. Sides include white and yellow rice, plantains and yuca. Entrée prices range from $5.99 for a quarter chicken to $15.99 for the skirt steak. La Brasa doesn’t serve alcohol, but it does sell Inca Kola, the Peruvian favorite. ATMOSPHERE...
Boston Red Sox rare team to avoid losing race fees to Forte Interactive of West Palm Beach
 The Boston Red Sox have escaped the fate shared by the Chicago Cubs, San Francisco Giants, Milwaukee Brewers, Green Bay Packers and other organizations that say Forte Interactive of West Palm Beach owes them $2.5 million in missing race fees. The Red Sox Foundation says all of the money from its Run to Home Base race is present and accounted...

Posted: 11 days ago

The Boston Red Sox have escaped the fate shared by the Chicago Cubs, San Francisco Giants, Milwaukee Brewers, Green Bay Packers and other organizations that say Forte Interactive of West Palm Beach owes them $2.5 million in missing race fees. The Red Sox Foundation says all of the money from its Run to Home Base race is present and accounted...
Downtown developers: Brightline fares could hamper ridership numbers
 Bob Vail, president of developer Kolter Urban, counts himself as a regular user of the Brightline train. But he wonders if South Floridians without an expense account can afford to join him.  “It’s $20 round-trip,” Vail said. “That’s going to add up if you’re doing it every day.” Vail’s...

Posted: 11 days ago

Bob Vail, president of developer Kolter Urban, counts himself as a regular user of the Brightline train. But he wonders if South Floridians without an expense account can afford to join him.  “It’s $20 round-trip,” Vail said. “That’s going to add up if you’re doing it every day.” Vail’s...
Boca Raton Regional Hospital lands $25 million gift
 Continuing its record of landing big gifts from philanthropists, Boca Raton Regional Hospital said Wednesday that it received a $25 million donation. The gift comes from Johnson & Johnson heir Elaine J. Wold of Boca Raton and a nonprofit affiliated with her, the Bay Branch Foundation. The donation is among the largest in the hospital&rsquo...

Posted: 12 days ago

Continuing its record of landing big gifts from philanthropists, Boca Raton Regional Hospital said Wednesday that it received a $25 million donation. The gift comes from Johnson & Johnson heir Elaine J. Wold of Boca Raton and a nonprofit affiliated with her, the Bay Branch Foundation. The donation is among the largest in the hospital&rsquo...
Green Bay Packers, others seek bankruptcy for West Palm firm that collected race fees
 Saying they’re owed nearly $1.4 million by Forte Interactive of West Palm Beach, six race organizers in Maryland and Wisconsin on Tuesday filed a petition to push the company into involuntary bankruptcy. That’s in addition to three Major League Baseball teams and a California chamber of commerce that have sued the West Palm internet...

Posted: 13 days ago

Saying they’re owed nearly $1.4 million by Forte Interactive of West Palm Beach, six race organizers in Maryland and Wisconsin on Tuesday filed a petition to push the company into involuntary bankruptcy. That’s in addition to three Major League Baseball teams and a California chamber of commerce that have sued the West Palm internet...