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Category Archives: Economy

File photo of Hovnanian's Red Bank HQ, as seen from the foot of Maple Avenue. Amid a widespread credit shutdown, Hovnanian Enterprises said its fourth-quarter net loss quadrupled over year-ago results. The Red Bank-based homebuilding company yesterday reported a net...
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December 19th, 2007 @ 7am
Remember: Nothing makes a Red Bank friend happier than to hear "I saw you on Red Bank Green!"
redbankgreen Classics
Today's New York Post features a Q&A with Rumsonian Mickey Gooch, who among other things is a Wall Street billionaire, head New Jersey fundraiser for GOP presidential hopeful Rudy Giuliani and co-owner, with his wife Diane, of the Red Bank-based...
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December 10th, 2007 @ 9am
An ebb tide of property values and glut of 'for sale' signs has Middletown officials thinking this might not be he best time for a revaluation, today's Asbury Park Press reports. Township officials have hired a taxation law expert to...
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December 10th, 2007 @ 6am
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
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
Partyline
SOMEWHERE OVER THE RAINBOW
Stunning rainbow over Red Bank as a big weekend storm approaches.
“FESTIVA” YACHT DOCKED AT MARINE PARK
Festiva, an 85-foot yacht, was docked at Marine Park on Friday night. Red Bank Green spoke to the owner, Everett Moore, who said that it was ...
OH NO! ELMO LOST!
A lost Elmo appears to be reaching out for help through the redbankgreen Partyline.
NAVESINK SPILLS OVER
Nor'easter stacks tides up in the Navesink, pushing the river over its (Red) banks.
BUZZ LIGHTYEAR WATCHES LINE DANCERS
redbankgreen Partyline captures Buzz Lighyear watching the line dancers on Broadwalk Monday night. 
EGRET-FUL END TO SUMMER
A great egret patrols the shallows of the Swimming River in front of the Red Bank Primary School last week. Submitted by Brian Donohue
COMMUNITY MESSAGE BOARD NOW OPEN ON HUDSON AVENUE
Community message board open! The RBPD has placed a mobile display board on Hudson Avenue. Send captions and messages you’d like to se ...
A CHIEF’S FAREWELL
Funeral services at St. James church and a large American flag suspended over Broad Street from an RBFD hook and ladder for former Red Bank ...
COIFFING GUARD
redbankgreen Partyline captures super cool crossing guard just chilllin'.
SURF TACO RE-OPENS NEW LOOK DINING ROOM
Partyliner captures Surf Taco's new look dining room.
STEEPLETOP RAVEN
redbankgreen Partyline: a raven calls out from atop the steeple of St. James Church.
CARPENTER OR COMPETITOR? HOT DOG TRUCK RIVALS EMERGE IN RED BANK
On the redbankgreen Partyline: with two new hot dog vendors opening this summer, even a carpenter's box truck makes one wonder.
BOONDOCKS SWAN
redbankgreen Partyline: Swan on the Navesink River as seen from Boondocks restaurant.
9/11 TRIBUTE
Bailey Bryce Holiday and her father Bobby Holiday Jr. paint the lawn at Riverside Gardens Park Tuesday in preparation for the upcoming comme ...
PILGRIM BAPTIST TO JAMAICA
Recently, Pilgrim Baptist Church of Red Bank traveled to Trelawny Parish of Jamaica on a Relief & Recovery Mission Trip.  The Mission T ...
SNAIL WEATHER
Overnight rains and warm humid temperatures brought out a parade of snails along the access path to the Red Bank Primary School near Locust ...
ECHOES OF THE PAST IN TILE
Next to Playa Bowls. Always fascinated how this has stood here this long. (Submitted by Joseph Jakub)
VIVA LA ELSIE’S
redbankgreen Partyline captures French visitor enjoying a pickle sub from Elsie's.
Truck strike downs pole
A truck struck a utility pole at the intersection of Catherine Street and Shrewsbury Avenue at about 8 am Monday morning. The pole wss compl ...
THRONGS FLOCK TO RED BANK STREET FAIR
redbankgreen Partyline: Thousands fill the streets of Red Bank for street fair.