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Standing for the vitality of Red Bank, its community, and the fun we have together.

Category Archives: Investing

The owner of the Metropolitan condo complex now under construction on Wallace Street has acquired the Broad Street home of Murphy Style Grill, redbankgreen has learned. Onyx Equities, a real estate investment firm based in Woodbridge, completed the $3 million...
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October 19th, 2007 @ 8am
Remember: Nothing makes a Red Bank friend happier than to hear "I saw you on Red Bank Green!"
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A Pennsylvania couple who owned a purported Red Bank investment firm that offered specialized financial services for podiatrists have been indicted on state charges of bilking their clients out of more than $500,000, the Star-Ledger is reporting. From the article:...
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September 27th, 2007 @ 1pm
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
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
A rumor that billionaire investor Warren Buffett was buying shares of Hovnanian Enterprises lifted the Red Bank-based homebuilder's shares 12 percent last Friday. But so far today, the shares, while up, aren't going nuts. According to BigCharts, the shares were...
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July 16th, 2007 @ 10am
Andrew Gennusa was just 21 years old when he and his brother, Jason, founded Manhattan Bagel Co. with a single store in in a Middlesex County strip mall. It turned out to be a the start of a heady ride....
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July 13th, 2007 @ 9am
Rumson resident Zuhdi Karagjozi, founder of Kara Homes, has been bounced from the company as part of a reorganization plan, the Asbury Park Press reports today. The name of the company has also been de-Kara-ed. It will now be called...
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June 28th, 2007 @ 1pm
The pissing match between Wall Street millionaires Pete Dawkins and Mickey Gooch gobbled up another three hours of valuable Monmouth County court time yesterday, according to today's Asbury Park Press. And if the judge was amused, it was largely because...
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May 19th, 2007 @ 12pm
This one is so astonishing we had to wonder about its veracity. But the background certainly makes it sound plausible. A press release we came across late Wednesday from News-Antique.com claims that a Lincroft coin dealer has sold a rare...
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April 25th, 2007 @ 11pm
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
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
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
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
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
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
First Montauk Securities, based on Newman Springs Road in Lincroft, has been hit with a $475,000 fine, and the firm's top two officials have resigned, as part of a settlement of fraud charges brought by the New Jersey Bureau of...
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October 4th, 2006 @ 5pm
Esquire magazine investing columnist Ken Kurson has planted a big wet one on GFI Group Inc., a Wall Street firm founded, run and majority-owned by Rumson's Mickey Gooch, who co-owns the Two River Times with his wife, Diane Gooch. The...
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August 16th, 2006 @ 10am
Partyline
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 ...
LITTERBUGS HIT MARINE PARK
Partyline PSA: Please don't leave your trash in our nice new park!
PARKING SUCCESS AT RED ROCK
All these people found parking for the Cliffs at Red Rock!
SHO AND TELL
A peak inside Sho Asian Table a new restaurant still under construction and slated to open later this summer at 8 West Front Street in Red B ...
“Night of the Living Nick” Halloween Car Turns Heads
Nick Brown, a special effects artist from the Atlantic Highlands, was seen driving his creatively decorated Halloween car around Red Bank th ...
“HOLY F***!” LIGHTNING STRIKE FROM WASHINGTON STREET BACKYARD
Lightning struck during Saturday’s storms in the backyard of Washington Street resident Kimberly Johnson. The strike obviously caught ever ...
SMOKY NAVESINK SUNRISE
redbankgreen's partyline photographer Karly Swaim captured the sun rising through hazy, smoky skies above the Navesink River from NJ Transit ...
MAGGIE’S HEAT WAVE HAIRCUT
Maggie, a golden doodle who belongs to Sara Horan, shows off her new shorter-for-summer hair cut outside Fins & Feathers on Monmouth Street ...
PEACE, LOVE AND JUGGLING
Music and flow arts filled Riverside Gardens Park Friday night at the free flow arts meetup hosted by Cirque de Peace, with guest band Sweet ...
IMMIGRATION PROTESTS CONTINUE
Protests against a wave of immigration arrests in Red Bank and nationwide continued for a third and fourth straight day on Shrewsbury Avenue ...
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.