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Category Archives: Economy

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
Remember: Nothing makes a Red Bank friend happier than to hear "I saw you on Red Bank Green!"
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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
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
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
Partyline
RBG CUB SIGHTING
A Partyline contributor positioned on the dais at Thursday's meeting of the Zoning Board of Adjustment captured redbankgreen reporter intern ...
DOWNPOUR STRAINS DRAIN
Partyline captures video of a flooded intersection during Tuesday's afternoon thunderstorm.
STILL ‘OPEN’ SPACE
Next to Fins and Feathers, very surprised to see an overgrown parking lot that still sits there…overgrown and with blacktop. (Photo and te ...
DARK COMEDY BY JERSEY DIRECTOR OPENS FILM FEST
Indie Street Film Festival kicks off with "In Memoriam," a dark comedy about an actor with six months to live.
Indie Street Film Festival Kicks Off
Indie Street Film Festival kicks off.
KUDOS FOR RBCS FINANCE WHIZZES
Monmouth County Board of Commissioners and Borough Council honor Red Bank Charter School students who took second place in a national financ ...
MARINE PARK HOT DOGS
Red Bank's newly remade Marine Park also has a new lunch option, a newly licensed hot dog cart.
MATCHA CLOSE UP
Partyline captures a photographer working for Aura Coffee Roaster angles for the perfect shot of two iced matcha lattes on Broad Street Mond ...
SOUTH STREET AUTHOR TO READ AT LIBRARY SATURDAY
South Street resident Scott Robertson will read selections from his book, Contents of a Curious Mind, Saturday, Aug. 8, from 11:30 a.m. to 1 ...
EARTH SPIRIT FOUNDER DIES
Jocelyn Ruth Midose, longtime owner of Earth Spirit New Age Center has died.
A PERFECT NATIONAL NIGHT OUT
The annual National Night Out event organized by the Red Bank Police Department drew hundreds to frolic amid the green grass and cotton cand ...
Blackhawk Helicopter Arrives for National Night Out
The Blackhawk helicopter has arrived. Everyone’s favorite part of each National Night Out hosted by the Red Bank Police Department jus ...
PARKING METER MOMENT
Patty Bishop of Verona was halfway through her haircut at Fox & Jane when she realized she needed to feed the parking meter. After she p ...
JOIN US AT JJ’S – PLEASE!
A doe-eyed sect of sentient boba teas sweetly beseeches us to join their adorable cult outside of JJ Delicacies this sticky August Sunday!
NEIGHBORS GATHER AT TINO’S
Chris Havens of River Street gathered group of Red Bankers for dinner on Thursday night. The gathering was in the back patio of Tino’s Mex ...
TREE BRANCH VS CAR
A tree branch fell on a parked car on Chestnut Street near Pearl Street Sunday. Submitted by Brian Donohue
APOSTROPHE CATASTROPHE
As a curmudgeonly curator of terrible punctuation on public signs, I’ve seen and shaken my head at a lot of gratuitous quotation marks ...
DANE FOR DEMOCRACY
redbankgreen Partyline captures a great dane who, all signs indicate, has had enough.
SUNFLOWER GAUNTLET
On the Partyline: a sunflower guantlet on River Street.
VIGIL FOR 68 DEAD
About 100 people attended a Saturday vigil at Johnny Jazz Park in Red Bank as part of a nationwide series of events to mourn the lives of pe ...