Condo owners awarded $9M in suit against Hovnanian (NY)

A group of condominium owners has been awarded $9 million in a lawsuit against builder Hovnanian over construction problems at a six-story building on the Hudson Riverfront.  Lawyers representing the condo owners said jury verdict against Red Bank-based Hovnanian Enterprises, one of the nation’s largest home builders, was particularly gratifying because the company was unable to hide behind the complex ownership structure for the Grandview I building.   Read the article……………..


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