RED BANK: OceanFirst plans to buy headquarters of homebuilder Hovnanian Enterprises on West Front Street, redbankgreen has learned.

Homebuilder Hovnanian Enterprises, based in Red Bank,posted its eighth consecutive quarter in the red, reporting a net loss of $202.5 million for the fiscal quarter ended July 31. The loss equated to $2.67 per share, compared with a loss $1.27...

Hovnanian Enterprises says it is tripling its forecast for positive cash flow this year to $300 million from earlier "guidance" given to investors. The announcement came with this morning's report by the publicly traded homebuilder, based here in Red Bank,...

Red Bank-based Hovnanian Enterprises reported its sixth consecutive quarterly loss yesterday, this time a $131 million shortfall that was double the year-prior amount. The publicly traded homebuilder, which operates in 19 states, managed to sell more units in its lastest...

This time three weeks ago, shares of Hovnanian Enterprises were at a seven-year low, trading below $5 apiece. Four dollars and eighty cents, actually, as of the close on Jan. 9. No doubt investors who'd bought the stock as it...

Ailing national homebuilding giant Hovnanian Enterprises saw its stock and debt downgraded by a major ratings agency yesterday, but investors bid the company's stock up neatly anyway. The price of a share rose 70 cents, or almost 12 percent, to...

Hovnanian's Red Bank HQ, as seen from the foot of Maple Avenue in sunnier days. Red Bank-based Hovnanian Enterprises, one of America's largest publicly traded homebuilders, got walloped again in its latest fiscal quarter. Continuing a slide that company official...

Mayor Pasquale Menna has picked an executive at Red Bank-based Hovnanian Enterprises to chair the annual KaBoom Fireworks on the Navesink committee. His pick: Peter Reinhart, a borough resident who's senior vice president and general counsel at the publicly traded...

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:...

Today's Star-Ledger reports that Red Bank-based homebuilding giant Hovnanian Enterprises is cutting prices and offering incentives worth up to $240,000 on unsold new homes, discounts that industry experts call unprecedented. From the story, by business reporter Joe Perone: Just a...

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...

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...

"Frustrated" by a housing market that keeps moving in the wrong direction, Red Bank-based Hovnanian Enterprises yesterday reported its third consecutive quarterly loss. As a result, Moody's Investors Services cut its ratings on Hovnanian debt issues, saying the homebuilder's cash...

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...

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...

RED BANK: OceanFirst Bank, which acquired the former Hovnanian building here almost two years ago, plans to buy two smaller banks.

RED BANK: After business owners and landlords blast reverse tax appeals, council votes to withdraw 2019 suits. But older cases continue.

RED BANK: Third time's a charm? Denholtz seeks OK for townhouses overlooking Navesink where two prior developers failed to deliver.

RED BANK: News ticker flickers to life on the OceanFirst headquarters building (formerly Hovnanian HQ). What do we think about this?

RED BANK: Planning board OKs Coffee Corral expansion and creation of new deli on West Side; news ticker on OceanFirst HQ.