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

RED BANK: OceanFirst plans to buy headquarters of homebuilder Hovnanian Enterprises on West Front Street, redbankgreen has learned.
Remember: Nothing makes a Red Bank friend happier than to hear "I saw you on Red Bank Green!"
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: COUNCIL DROPS REVERSE APPEALS
RED BANK: After business owners and landlords blast reverse tax appeals, council votes to withdraw 2019 suits. But older cases continue.
RED BANK: TOWNHOMES PLANNED, AGAIN
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
RED BANK: News ticker flickers to life on the OceanFirst headquarters building (formerly Hovnanian HQ). What do we think about this?
RED BANK: COFFEE CORRAL PLAN OK’D
RED BANK: Planning board OKs Coffee Corral expansion and creation of new deli on West Side; news ticker on OceanFirst HQ.
Partyline
THEY’RE BACK!
Ospreys returned to the skies over Red Bank this week for the first time since they migrated to warmer climes in late fall. With temperature ...
SPRING IS SPRUNG
RED BANK: Spring 2024 arrives on the Greater Red Bank Green with the vernal equinox at 11:06 p.m. Tuesday.
RED BANK’S FINEST – AND NEWEST
Red Bank Police Officer Eliot Ramos was sworn in as the force’s newest patrolman Thursday, and if you’re doing a double take thinkin ...
EASTER EGG MAYHEM AT THE PARK
An errant whistle spurred an unexpectedly early start to the Spring Egg Hunt on Sunday, which had been scheduled to begin at eggsactly 11am ...
PRESEASON DOCKWORK
RED BANK: With winter winding down, marina gets ready for boating season with some dockwork on our beautiful Navesink River.
CORNED BEEF AND DISCO FRIES?
It’s Friday, and smart Lent-observing Leprechauns know the pot of gold at the end of Red Bank’s rainbow is actually the deliciou ...
SURFBOARD DITCHED
It’s a violation of etiquette in surfing to ditch your board.  (it could hit another surfer and hurt them). But someone appears to ha ...
ELSIE, TAKE ME WITH YOU!
Soaked by pouring rain with the temperature hovering in the low 40’s, this sign in the window of Elsie’s Subs on Monmouth Street ...
WALK THIS WAY
PARTYLINE: Before-and-afters of a sidewalk cleanup on West Street.
SOGGY NOTION
RED BANK: Breezeway sculpture captured the mood downtown as heavy rains fell Saturday morning.
HOME DELIVERY
RED BANK: After a subdivision, an instant house rises on a new Catherine Street lot.
COMMUNITY PROFILES
For Black History Month, Red Bank's Community Engagement and Equity Advisory Committee has been running a series of local profiles on Facebo ...
HEARTY FAREWELL FOR HARDY
RED BANK: Council to honor DPU supervisor Rich Hardy, who retired recently after almost 39 years of keeping things running.
HOMEBOUND? READ ON…
RED BANK: Can't get to the public library? It's now offering free delivery and pickups for homebound borough residents.
TAMING A BEAST OF A WEEK
RED BANK: After the second snowfall of the week, a borough family finds the perfect use for it – a Godzilla snow sculpture.
RED BANK: LIBRARY CLOSED, BUT THE HILL’S OPEN
RED BANK: Though the library was closed by a snowstorm, kids got to enjoy the riverfront property's steep slope Tuesday.
LIGHT(HOUSE) MAKEOVER
This year, getting ready for spring means a midwinter makeover for Strollo's Lighthouse in Red Bank.
TODAY: LOCAL PUPPY COMPETES ON ANIMAL PLANET’S “PUPPY BOWL”
Red Bank’s very own rescue puppy, Biscuit, is set to compete in Animal Planet’s Puppy Bowl this Sunday, February 11, at 2 PM. Th ...
WHAT? NO redbankgreen NEWSLETTER?
Apologies to redbankgreen newsletter subscribers: the daily email hasn’t gone out for two days because of technical issues.
RED BANK: TIRED OF SKEETERS?
RED BANK: Tired of mosquito bites every summer? Monmouth County has a free program to help eliminate skeeter breeding grounds.