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Category Archives: Economy

It's turning into a break-out-the-Champagne kind of week for downtown Red Bank. First came news last week that Tiffany & Co plans to open one of its high-end emporiums on Broad Street. Now there's a poll released Monday by Monmouth...
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March 27th, 2007 @ 10am
Remember: Nothing makes a Red Bank friend happier than to hear "I saw you on Red Bank Green!"
redbankgreen Classics
Gov. Jon Corzine is scheduled to appear at the Lincroft campus of Brookdale Community College tomorrow morning to "outline his vision" for the redevelopment of Fort Monmouth and to answer questions from the public, the Asbury Park Press reports today....
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March 13th, 2007 @ 10am
Contract cancellations like crazy in a particular Florida market are dragging down earnings at Hovnanian Enterprises, officials of the Red Bank-based homebuilding company say. The builder said it expects to take a $90 million hit from writing down the value...
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February 27th, 2007 @ 11am
Unelected Red Bankers aren't the only ones reeling over the reassessment letters that landed in their mailboxes in recent days. Mayor Pasquale Menna said he's peeved that the letters went out without his approval, and were written, he said, in...
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February 10th, 2007 @ 5pm
The meter is still spinning out of control on winter heating bills, and now comes news from the state Board of Public Utilities that electricity users will get slammed with a 14.2-percent price increase in June, the Asbury Park Press...
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February 9th, 2007 @ 3pm
Red Bank property owners: it's reassessment time. So prepare to find in your mail an innocuous looking white envelope from a company called Realty Appraisal Co. And brace yourselves. We here at redbankgreen got ours just minutes ago, showing a...
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February 8th, 2007 @ 12pm
Having "hit kind of a wall" in 2006, Red Bank-based Hovnanian Enterprises is being cautious about 2007, a company executive says in an interview in today's Star-Ledger. J. Larry Sorsby, HOV's chief financial officer, tells the Ledger's Judy DeHaven that...
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February 6th, 2007 @ 7am
VINCENT J. FAIELLA RED BANK SURPLUS 16 WALLACE STREET I've been here four months. We were in Brooklyn for 79 years — Reliable Naval Tailoring Co. I'm third-generation. I've been living in Little Silver for 15 years. I was born...
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January 25th, 2007 @ 8am
Hovnanian Enterprises, the publicly-traded homebuilder that last year moved its corporate headquarters to the heart of Red Bank from Middletown, is scaling back its ambitions in the borough, according to a published report. GlobeSt.com, a real estate industry publication, says...
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January 20th, 2007 @ 11am
A gateway property on Red Bank's West Side, the administration headquarters of the Community YMCA on Drs. James Parker Boulevard, has been sold, redbankgreen has learned. The buyer, PS5 LLC, paid $1.3 million for the longtime public school building, according...
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January 12th, 2007 @ 2pm
Sunday's Star-Ledger has a terrific profile of Fair Haven's Bob Lucky, head of the Fort Monmouth re-use panel and an engineer whose seminal work led to the creation of the Internet. The article, by Wayne Wolley, begins: Bob Lucky earned...
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January 7th, 2007 @ 11am
Remember that attempt to flip a house on Madison Avenue we told you about in June? Well, the house remains unsold 18 months after an investor bought it, at the top of the market, for $475,000 $450,000. Sara Swanson, the...
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December 28th, 2006 @ 12am
With a couple of critical days left in the holiday shopping season, it would appear that the consensus among downtown merchants is that this year's cash-register activity, while not booming, is at acceptable levels. redbankgreen hit the pavement late Wednesday...
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December 21st, 2006 @ 12am
Red Bank-based Hovnanian Enterprises was blindsided by the swift drop in values on its inventoried land, the company acknowledged yesterday in reporting a $115 million fourth-quarter loss. "We did not anticipate the suddenness or magnitude of the fall in pricing...
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December 19th, 2006 @ 9am
Ten questions for John and Rachel Decker, owners of Graman's Vacuum & Appliance Parts Co. on Monmouth Street, at the corner of West Street. They live in Tinton Falls. How long have you owned this business, and who had it...
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December 14th, 2006 @ 1am
Signals are apparently turning mixed in the real estate market, which is probably good news for sellers who've heard nothing but doom and gloom in recent months. A new report from the good folks at the Otteau Valuation Group in...
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December 4th, 2006 @ 4pm
Two weeks after his election, and six weeks before he's to be sworn in, Mayor-elect Pat Menna moved to put his stamp on Red Bank Monday night, introducing a plan to expand the special-assessment business district known as RiverCenter to...
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November 21st, 2006 @ 4pm
Existing-home sales in New Jersey plunged nearly 24 percent in the third quarter, according to news from the National Association of Realtors. Nationwide, the decline was more than 12 percent. And yet, median prices in central New Jersey, which includes...
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November 20th, 2006 @ 12pm
More dark news for people trying to sell homes, and for all those businesses dependent on home-sales activity: the number of houses on the market continued to climb locally in the July-through-September period. According to a report issued yesterday by...
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November 16th, 2006 @ 12am
At the annual meeting of RiverCenter on Monday night, Ingeborg Perndorfer of The Language School passed around photos of downtown planters spilling over with colorful flowers. Architect Stephen Raciti emceed a series of awards for downtown building improvements. And departing...
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November 8th, 2006 @ 11pm
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.