December 3, 2024 10:15 am
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National homebuilder goes all in on Phoenix

By Angela Gonzales | Phoenix Business Journal

At a time when Hovnanian Enterprises Inc. (NYSE: HOV) is rightsizing its assets nationwide, the New Jersey-based homebuilder is bullish on metro Phoenix.

The company is phasing out of the Chicago market as it sells through its existing communities, according to a May 19 regulatory filing with the U.S. Securities and Exchange Commission. It also is working to reduce its annualized overhead expenses by $20 million via furloughs, layoffs and other cost-reductions.

Read the full subscription story from the Phoenix Business Journal.

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Rose Law Group Reporter, which provides Dealmaker’s content and service, is contracted by Rose Law Group. Rose Law Group is a full service real estate and business Law Firm practicing in the areas of land use/entitlements, real estate transactions, real estate due diligence/project management, special districts, tax law, water law, business litigation, corporate formation, intellectual property, asset protection, data breach/privacy law, ADA compliance, estate planning, family law, cyber-law, online reputation and defamation, lobbying, energy and renewable energy, tax credits/financing, employment law, Native American law, equine law, DUIs, and medical marijuana, among others. The views expressed above are not necessarily those of Rose Law Group pc or its associates and are in no way legal advice. This blog should be used for informational purposes only. It does not create an attorney-client relationship with any reader and should not be construed as legal advice. If you need legal advice, please contact an attorney in your community who can assess the specifics of your situation.