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Good news from Atlantic City

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EY opens office, learning hub in Hoboken

By Mario Marroquin
January 17, 2018 11:01 AM

Ernst & Young announced the official opening of its 170,000-square-foot office in Hoboken on Tuesday. The new location will be home to over 1,000 employees and will support learning and high performance capabilities. CONTINUE READING

The Vitamin Shoppe inks lease in Secaucus

By Mario Marroquin
January 17, 2018 11:21 AM

The Vitamin Shoppe has inked a long-term commitment at 400 Plaza Drive, Secaucus, brokerage firm Cushman & Wakefield announced today. The retailer will relocate its back-office operations from North Bergen to the Harmon Meadow property and take 28,000 square feet. CONTINUE READING

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Kimmerle Group names two new principals

By Mario Marroquin
January 16, 2018 11:48 AM

Harding and New York City-based Kimmerle Group recently announced the promotion of William Kimmerle and X “Cindy” Cui from senior associate and project manager to principals. The two promotions, Kimmerle said, come after William and Cui showed extensive leadership and experience across a broad range of topics. CONTINUE READING

Sheldon Gross completes leases in East Orange, Edison

By Mario Marroquin
January 16, 2018 01:02 PM

Brokerage firm Sheldon Gross Realty recently announced it negotiated two leases on behalf of Bivona & Co. and for Heart of Worship Church in Edison and East Orange, respectively. CONTINUE READING

Cushman & Wakefield arranges JV equity for Woodmont Properties development in Bayonne

By Mario Marroquin
January 15, 2018 11:22 AM

Brokerage Cushman & Wakefield recently announced it served as the exclusive advisor to Banker Residential in arranging a joint-venture with Woodmont Properties to develop in Bayonne. Woodmont acquired a majority stake in the venture, currently under construction at 190 West 54th Street, Bayonne. CONTINUE READING

Zucconi Property Group purchases property in Hainesport

By Mario Marroquin
January 15, 2018 11:43 AM

Brokerage firm Wolf Commercial Real Estate recently announced it has closed on the sale of 1345 Route 38, Hainesport. WCRE’s VP and principal Chris Henderson and senior associate Ryan Barikian represented the seller, Castle Clan LLC, and the buyer in the transaction. CONTINUE READING

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It’s been a crazy couple of days, meaning I haven’t been able to write about the good news out of Atlantic City — namely, that gaming revenue jumped 12.6 percent over August 2011, the first increase since December.

But, like almost all the good news out of Atlantic City, the closer you look at this flower, the less you see petals and the more you see thorns.

August 2011 is notable in Atlantic City for two reasons — Revel wasn’t open, meaning there were only 11 casinos making up the total revenue, and Hurricane Irene, which forced the casinos to close for three days as the governor told visitors to “get the hell off the beach.”

Revel, since we’re on that one, remains stubbornly stuck in eighth place among the casinos, though its numbers have improved substantially since it opened. Is there a prize for rolling an 8 five times in a row? And the loss of a prime weekend last year was trotted out as the reason the city’s numbers were off, yet it’s the only reason there was an uptick this time around.

There’s also the good news that the Margaritaville project, which has replaced Revel as the city’s savior, got a key environmental approval out of the way for the beachfront bar and restaurant. The Jimmy Buffett brand will be a measurable help to the city during the warmer months, but will it draw in tourists in February?

The city still needs help to become a year-round destination, and whether Revel even lives long enough to see in the new summer is becoming a legitimate question. Atlantic City remains desperate for an old guy to save it, and given the timing, it won’t be Buffett or Revel CEO Kevin DeSanctis — it’ll be Santa Claus.

I’m even more irreverent on Twitter @joe_arney.

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Good news from Atlantic City

By

Back to Top Comments Email Print

Latest News

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It’s been a crazy couple of days, meaning I haven’t been able to write about the good news out of Atlantic City — namely, that gaming revenue jumped 12.6 percent over August 2011, the first increase since December.

But, like almost all the good news out of Atlantic City, the closer you look at this flower, the less you see petals and the more you see thorns.

August 2011 is notable in Atlantic City for two reasons — Revel wasn’t open, meaning there were only 11 casinos making up the total revenue, and Hurricane Irene, which forced the casinos to close for three days as the governor told visitors to “get the hell off the beach.”

Revel, since we’re on that one, remains stubbornly stuck in eighth place among the casinos, though its numbers have improved substantially since it opened. Is there a prize for rolling an 8 five times in a row? And the loss of a prime weekend last year was trotted out as the reason the city’s numbers were off, yet it’s the only reason there was an uptick this time around.

There’s also the good news that the Margaritaville project, which has replaced Revel as the city’s savior, got a key environmental approval out of the way for the beachfront bar and restaurant. The Jimmy Buffett brand will be a measurable help to the city during the warmer months, but will it draw in tourists in February?

The city still needs help to become a year-round destination, and whether Revel even lives long enough to see in the new summer is becoming a legitimate question. Atlantic City remains desperate for an old guy to save it, and given the timing, it won’t be Buffett or Revel CEO Kevin DeSanctis — it’ll be Santa Claus.

I’m even more irreverent on Twitter @joe_arney.

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