Jirair S. Hovnanian, an immigrant who founded two building companies, has died.
Hovnanian was 80 and died Tuesday at his home in Mount Laurel, said his grandson, Garo Hovnanian, a member of the third generation involved with J.S. Hovnanian & Sons, of Mount Laurel.
Jirair Hovnanian started the company in 1964 after splitting from a company he started with his three brothers. One of those brothers, Kevork Hovnanian, started a company that eventually became Hovnanian Enterprises Inc., a publicly traded company based in Red Bank.
The two companies have no business relationship.
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4 comments:
This is interesting (from the article):
Jirair Hovnanian was born in Kirkuk, Iraq, where his father, Stepan K. Hovnanian, an Armenian refugee, was a builder.
Jirair Hovnanian came to the United States in 1948 and graduated from the University of Pennsylvania's Wharton School in 1952.
He and his brothers formed Hovnanian Brothers Corp. in 1959 and built homes in New Jersey before starting separate companies about five years later.
One of those brothers, Kevork Hovnanian, started a company that eventually became Hovnanian Enterprises Inc., a publicly traded company based in Red Bank.
Mr. Hovnanian sure lived & fulfilled his American dream.
Great success story. May he rest in peace.
The firm started by the brother -- K. Hovnanian (actually it's a subsidiary of that firm) -- is in that lawsuit with the owner of the old Salisbury Mall to have their contract cancelled.
There goes all of the money for those Club for Growth ads against Gilchrest and Pipkin.
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