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Category Archives: Economy

A customer tries on a bracelet at an opening-night reception at Tiffany & Co.'s Broad Street store earlier this month. The Asbury Park Press today pops in on store owners in downtown Red Bank to gauge their feelings about the...
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November 18th, 2007 @ 11am
Remember: Nothing makes a Red Bank friend happier than to hear "I saw you on Red Bank Green!"
redbankgreen Classics
Love it or loathe it, Tiffany & Co. arrives in Red Bank tomorrow with the opening of a 6,000-square-foot emporium of luxury that caps the downtown's 17-year sprint from economic backwater to one of the most admired in all of...
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November 8th, 2007 @ 12pm
Hovnanian's Red Bank HQ, as seen from the foot of Maple Avenue in sunnier days. Red Bank-based Hovnanian Enterprises, one of America's largest publicly traded homebuilders, got walloped again in its latest fiscal quarter. Continuing a slide that company official...
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November 6th, 2007 @ 3pm
Its signs, and tiny cars, may have seemed ubiquitous. And the basic idea — transacting home sales at commission rates lower than those typically offered by real estate brokers — seemed like a winner. But local upstart Foxtons is sputtering...
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September 27th, 2007 @ 10am
Slashing sticker prices and throwing in extra amenities, Hovnanian Enterprises reports that its weekend sales push on new housing units nationwide exceeded expectations. Wall Street cheered the report, boosting the battered homebuilder's stock price yesterday. From a report on Bloomberg.com:...
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September 18th, 2007 @ 6am
Today's Star-Ledger reports that Red Bank-based homebuilding giant Hovnanian Enterprises is cutting prices and offering incentives worth up to $240,000 on unsold new homes, discounts that industry experts call unprecedented. From the story, by business reporter Joe Perone: Just a...
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September 13th, 2007 @ 8am
It is perhaps the single most contentious issue in Red Bank: whether the downtown needs a parking garage. Merchants, in general, say yes. They complain that a shortage of street and lot parking is choking their businesses and undermining broader...
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September 11th, 2007 @ 12pm
Already struggling against a tide of falling real estate values, Red Bank-based homebuilding giant Hovnanian Enterprises is now, like others in its industry, fighting a rip current brought on by the collapse of the subprime mortgage market. The company reported...
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September 7th, 2007 @ 6am
Tax bills reflecting the yet-to-be finalized 2007 municipal rate are landing in Red Bank mailboxes, and the annual rite of collective frustration they bring was amplified at last night's council session by the impact of this year's property revaluations. Things...
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August 14th, 2007 @ 11am
Linda Clark makes the case for a town center. The idea of creating a community center at a Red Bank-owned building on the West Side is one that "needs plenty more discussion," children's activist David Prown told a crowded Borough...
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August 14th, 2007 @ 9am
The big money stayed home. Once again, Red Bank's efforts to auction off a borough-owned building at the corner of Drs. Parker Boulevard and Bridge Avenue have failed. At a scheduled auction this afternoon, nobody bid. The same thing happened...
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August 10th, 2007 @ 3pm
Zuhdi Karagjozi, the Rumson man who founded Kara Homes, claims in court papers that the bankrupt homebuilder's chief restructuring officer and "his henchmen" are poised to cheat him, according to a story on the Asbury Park Press website. From the...
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July 19th, 2007 @ 12pm
Tom Labetti and Eileen (nee Weller) Labetti of Elm Place got married recently at St. James Church on Broad Street. The red-haired bride beamed magnificently, the wedding party looked youthful and happy, and the newlyweds headed off for their reception...
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July 6th, 2007 @ 5pm
The median price of all new single-family homes built in Monmouth County last year was $810,000, more than 3.5 times the national median of $230,000, according to a new report from the county Planning Board. Typical size: 3,875 square feet,...
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June 8th, 2007 @ 6am
Fourteen-year-old Little Silver resident Robert Hale, who made it to the fourth round of the 2007 Scripps National Spelling Bee before tripping up yesterday, is a bit relieved to now have that dictionary off his back, today's Asbury Park Press...
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May 31st, 2007 @ 7am
By LINDA G. RASTELLI When you’re redoing a downtown, as rookie Fair Haven Mayor Mike Halfacre is discovering, you can’t please everyone. Exhibit A: the borough’s streetscape plan, which calls for the sidewalks from Memorial Park to Oak Place to...
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May 4th, 2007 @ 7am
New Jersey Treasurer Bradley Abelow is scheduled to lead a forum at Red Bank Borough Hall Wednesday night in which he'll discuss the impact of the proposed $33.3 billion state budget for fiscal '08 on municipalities. In announcing the event...
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May 1st, 2007 @ 7am
Both the Asbury Park Press and the Record of Hackensack have interviews today with Ara Hovnanian, scion and CEO of Hovnanian Enterprises, the Fortune 500 homebuilder headquartered in Red Bank. On the table in each is the state of the...
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April 29th, 2007 @ 10am
Red Bank-based K. Hovnanian Homes has pulled the plug on a controversial plan to build up to 4,500 homes in Ocean County's Berkeley Township after an adverse court ruling. "We are not going to pursue this," company spokesman Douglas Fenichel...
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April 3rd, 2007 @ 7am
Virginia S. 'Ginny' Bauer, New Jersey's Secretary of Commerce and the widow of a man killed in the Sept. 11, 2001 attacks on the World Trade Center, is Gov. Jon Corzine's choice to fill a seat on the board of...
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March 29th, 2007 @ 5pm
Partyline
CARS, BARS AND VANS
Middletown resident Rob King was cruising through the Red Bank municipal parking lot behind the Dublin House Saturday night in his 1969 Plym ...
TWO SHORTS IN FILMONEFEST
Leonardo Morales Pitalua, a 20-year-old animator who lived in Red Bank until February, will have two short films shown at FilmOneFest in Hig ...
LONG DOGGONE WAIT
Partyline photo: The driver of an e-bike and his human passenger wait at the Monmouth Street train crossing while a northbound NJ Transit tr ...
WE’RE LICHEN THIS FUNGHI!
A mushroom sprouts from the mouth-like hole in this lichen-covered tree on the grounds of Red Bank Primary School Tuesday morning.
HELL STRIP FIREWORKS
Revelers launched fireworks from the hell strip in front of a home on Drs. James Parker Boulevard on July 4, one of many impromptu and quest ...
Swimming river sculling 062026
SWIMMING, ER, SCULLING RIVER?
Partyline photo captures a single rower working their way up the Swimming River.
SUMMER SUNRISE
A stunning Sunrise on the Navesink River in Red Bank Tuesday June 30.
BRAZEN LAWLESSNESS?
Who does this? One of those famously (and, yes apocryphally) illegal-to-remove mattress tags lies on the plaza outside the Count Basie Cente ...
SUNNY SKIES, JAZZY VIBES AT RED BANK ARTS FEST
A jazz combo comprised of current and former students of the Red Bank-based Jazz Arts Project performed at the first Red Bank Arts Festival ...
COOL JUNE BRIDE RIDE
It’s a wedding thing. (Photo and text by Rosann Dal Pra)  
RED BANK CLASSIC 5k
Runners at the starting line of the Red Bank Classic 5k Saturday morning.
WORLD CUP WATCH PARTY AT COUNT BASIE FIELD
Solid turnout, festive vibes and a huge Mexico win: Count Basie Park World Cup Watch Party photos. (Click to read)
DOUBLE RAINBOW OVER RED BANK
Partyline contributor captures stunning double rainbow over Red Bank.
RED BANK: SINKHOLE ON SHREWSBURY AVE
Emergency sinkhole repairs closed Shrewsbury Avenue northbound traffic for most of the day Wednesday.
NAVESINK SUNRISE
Partyliner captures stunning sunrise over the Navesink River in Red Bank.
DRONES SCRUB BANK BUILDING
Partyline photo: A power washing drone was used to clean the exterior of the Ocean First Bank Building at 110 West Front Street recently.
MESSAGE TO READERS
Please stand by: A quick message to readers about a pause in news coverage.
IN THE DISTANCE, NEW STATUE UNVEILED
A new monument commemorating the 250th anniversary of US Independence is unveiled in a park that only has a Red Bank mailing address.
CARPY DIEM
From the redbankgreen Partyline: A pair of large carp cruise the shallows under Hubbard's Bridge (Senator Kyrillos Bridge) on Front Street T ...
BIBS ON FOR OPENING DAY
Partyline: Two longtime neighbors re-unite for lobsters on the Boondocks Fishery opening day.