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RED BANK: BUILDING VALUE DOUBLES. HOW?

The building at 14-16 Broad Street doubled in value in just two years. (Photo by John T. Ward. Click to enlarge.)

By JOHN T. WARD

red bank what's going on hereTalk about rapid inflation: a downtown Red Bank commercial building doubled in value over the last two years, according to a recent sale.

What’s Going On Here?

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RED BANK: HISTORIC YACHT LIGHTS UP RIVER

red bank NJ admiral's barge joe ruffini 121518 4red bank admiral bargeRed Bank resident Joe Ruffini’s history-rich yacht, the Naval War College, brought some Christmas sparkle to the Navesink River Saturday night, one night before it was scheduled to participate in a parade of boats on the Shrewsbury River.

The boat parade is slated to run again on Sunday, December 23. Meantime, for the fascinating backstory about Ruffini’s vessel, which has hosted two American presidents, check out this redbankgreen article from 2016. (Photos by John T. Ward. Click to enlarge.)

RED BANK: ARTISTS HONOR ONE OF THEIR OWN

Colleagues in creativity plan to honor the late artist Terry McCue, above, with a bench that overlooks the Navesink River from the Red Bank Public Library, below. (Photos by John T. Ward. Click to enlarge)

To honor of one of their own, the members of a long-standing monthly art class at the Red Bank Public Library plan to install a bench on the institution’s grounds overlooking the Navesink River.

First, they’re selling their own work to fund it.

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RED BANK: A BOATLOAD OF WOOD & HISTORY

ruffini-boat-100616-7Joe Ruffini in the salon of the Naval War College, where a photo of onetime visitor John F. Kennedy hangs. The”admiral’s barge,” below, will be among the wooden boats on display at the Monmouth Boat Club Saturday. (Photos by John T. Ward. Click to enlarge)

By JOHN T. WARD

ruffini-boat-100616-2A year later, Joe Ruffini is still in the “pinch me” phase, not quite able to believe his good luck.

After a brief online bidding war, the Red Bank roofer ended up owning a well-maintained, 50-foot wooden yacht, built for Navy admirals, that has hosted at least two American presidents.

On Saturday, the public will get a chance to step aboard, when Ruffini’s prize goes on display as part of a wooden and classic boat show in Red Bank.

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RED BANK: TOP BID $392,587 FOR FIREHOUSE

RB independent engine 93 061016 1The Independent Engine House on Mechanic Street. (Photo by John T. Ward. Click to enlarge)

By JOHN T. WARD
HOT-TOPIC_02

Red Bank ‘s second firehouse auction in two years attracted four times the number of bidders as the first one, but ended at a lower top bid.

David Glassberg of Little Silver was the apparent bid winner of the Independent Engine Company, at 32 Mechanic Street opposite Globe Court.

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RED BANK: SECOND FIREHOUSE UP FOR SALE

RB independent engine 93 061016 2The Independent Engine House on Mechanic Street. (Photo by John T. Ward. Click to enlarge)

By JOHN T. WARD
HOT-TOPIC_02

For the second time in little more than two years, Red Bank is looking to unload a firehouse.

On Wednesday night, without discussion, the council unanimously agreed to put the home of the Independent Engine Company, at 32 Mechanic Street opposite Globe Court, up for sealed-bid auction on August 30.

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RED BANK: EATERY CONTENTS ON THE BLOCK

12 broad 091914 The oven, assuming it’s sold, will have to go out the way it went in: through the front window. Below, Anthony “Tito” Vega with the three-ton oven last year. (Photo above by John T. Ward, below by Jim Willis. Click to enlarge)

By JOHN T. WARD

biagio 2Need some sturdy metal chairs for your kitchen? How about a service counter? Or a custom-built, 6,000-pound, tile-covered, wood-burning oven?

Well, who doesn’t, right?

Here’s your chance to get those items, and more, as the contents of the short-lived Biagio restaurant in Red Bank are going up for auction.

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RUMSON MANSION AUCTION A BUST

A jazz duet played on, even after bidders left the auction, which lasted just four minutes. Below, an aerial view from the auction website. (Click to enlarge)

By JOHN T. WARD

They can’t give this baby away, it seems.

A mansion on the Navesink River in Rumson that was once listed for sale at $10.5 million drew a high bid of just $2.6 million at auction Wednesday afternoon, prompting the seller to reject the offer and leaving real estate professionals dumbfounded.

“I don’t know if you could buy the land for that,” the auctioneer told the small cluster of potential bidders who’d gathered under a white tent for the event.

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SEA BRIGHT: FAST AUCTION FOR FORMER GYM

Bidders arriving, above, and inspecting the interior of the Ocean Avenue building. (Photo by Colby Wilson. Click to enlarge)

By COLBY WILSON

Things are looking up for Sea Bright. The hurricane-ravaged town isn’t merely rebuilding what was wiped out by the storm – it’s moving forward and attracting investors willing to bet on its future.

Case in point: the former home of Adrenaline Fitness.

On Wednesday morning, a dozen prospective buyers showed up to place bids on the three-story multi-use building at 1054 Ocean Avenue. Within a few minutes, five of them bid up to the property from an opening $500,000 to $700,000.

Rumson resident Christina Galinos walked away with the prize, for $720,000.

“I love the location, and I just think that Sea Bright is a great town that has so much potential,“ Galinos told redbankgreen afterward. “It’s going to come back even stronger. I’d love to be a part of that.”

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SIT ON IT, BID ON IT, AT MONMOUTH MUSEUM

Clockwise from top left: Rachael Ray, NY Giants RB Ahmad Bradshaw, Queen Latifah and Ralph Nader have all decorated chairs in years past for the Monmouth Museum’s CHAIRISH THE MUSEUM promotion, the 2012 edition of which commences  Saturday in Lincroft.

Are you sitting down? If proximity to famous folk causes you to be a bit unsteady on your feet, be advised to exercise caution when parking your carcass at the Monmouth Museum this weekend — you might just be parking it on one of their objets d’art.

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RUMSON LOTS TO BE AUCTIONED NEXT MONTH

Two borough-owned lots are headed for the the auction block. (Click to enlarge)

By JOHN T. WARD

Two residential building lots created by the November demolition of Rumson’s former police station are expected to yield at least $800,000 for the town.

The borough council agreed Tuesday night to auction the adjoining Center Street lots separately, each with a minimum bid of $400,000, Administrator Tom Rogers tells redbankgreen.

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