Category Archives: Housing

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...

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...

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....

Middletown has no standing to challenge, in court, the state's approval of an affordable-housing-obligation swap involving Red Bank and Manalapan, a state Appeals Court has ruled, according to an article posted today on the Asbury Park Press website. The decision...

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...

The Hub reports today that the total value of Red Bank properties under the latest reassessment was $2.2 billion, up from $968 million at the time of the previous revaluation, which was in 2000. By our math, that's an average...

Red Bank is now the owner of a former industrial property on the West Side that officials say is destined to house some 30 low- and moderate-income families—and won't cost the town a dime. The borough closed Monday on its...