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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
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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
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NEW WELCOME SIGN INSTALLED
A new "Welcome to Red Bank" sign has gone up at the northern Route 35 entrance to town at the foot of Cooper's Bridge.
JUNIOR BUCS WRESTLING WELCOMES YOUNG ATHLETES FOR 22ND SEASON
Junior Bucs Wrestling is preparing for its 22nd season, offering boys and girls from Red Bank, Shrewsbury, and Little Silver an opportunity ...
TIME FOR SCHOOL, DEER
Fall has arrived and so have the middle school loving deer!
JUST IN TIME FOR THE FALL CLASSIC
Just in time for the start of the World Series later this week baseball-themed paintings by artist Max Maxon hang in the windows of the Art ...
DINNER PLANS?
Chipotle in Red Bank Sunday evening will donate a quarter of proceeds from sales Sunday to the volunteer Red Bank Fire Department auxiliary.
KENNY KATZGRAU TEACHES VIBE CODE SESSION AT LOCAL NEWS CAMP
Kenny Katzgrau, publisher of Red Bank Green, is running a vibe code session, teaching other publishers to vibe code at Blue Engine Collectiv ...
Her Majesty visits Red Bank
Navesink Queen docked at the Molly Pitcher Marina. (Photo and text by Partyline contributor Boris Kofman)  
RED BANK DINER MONEY TREE
On the redbankgreen Partyline: sunshine and a money tree at the Red Bank Diner.
NAVESINK LIGHTS
Riverview Hospital lights up the Navesink. (Text and photo by Partyline contributor Terry Franco)  
HALF BAKED BROAD STREET
Broad Street repaving begins with road subject to overnight closures.
COLOR RUN AT RED BANK PRIMARY SCHOOL
redbankgreen Partyline happens upon a cloud of color at annual color run event at Red Bank Primary School.
I’LL EAT IT HERE, THANKS
A squirrel goes all-in for a popular autumn flavor on Madison Avenue in Red Bank Sunday morning.
POP UP TACOS DRAW CROWD
How’s this for a train station redevelopment idea? The pop-up taco vendors Tacos Los Mandones, known on social media as El Mandoon, dr ...
LONG LIVE LOCAL NEWS!
"Long Live Local News" flags from redbankgreen's 20th anniversary celebration in Marine Park Tuesday prove to be the perfect compliment to s ...
MUMS AND WITCHES
17 Prospect Ave (Photo by Partyline contributor Chris Havens)  
KAYAKERS CLEAR RIVER JUNK
Partyline photo: "The Navesink Nymphs" clear floating tires from the river.
PAINT IT PURPLE?
Caption: ‘Should it be done purple?’ Perfect day. (Photo and text by Partyline contributor Chris Havens)  
St. James Church praying mantis 102026
MANTIS (PRAYING) AT CHURCH
Partyliner photographs praying mantis at church.
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 ...
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