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Good news from Atlantic City

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Sanitas Medical opens Belleville office

By Vince Calio
May 18, 2018 10:45 AM

Sanitas Medical Centers has opened a new medical center in Belleville, its second office in New Jersey since it opened its office in Union City at the end of the last year. CONTINUE READING

Construction of Normandy Beach community underway

By Elana Knopp
May 18, 2018 08:01 AM

Sharbell Development Corp. has broken ground on the Normandy Beach residential community in the Ocean County neighborhood of Normandy Beach. CONTINUE READING

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WCRE leases Voorhees building to Kingsway Learning Center

By Elana Knopp
May 18, 2018 12:36 PM

Marlton-based Wolf Commercial Real Estate has completed a lease transaction in which Kingsway Learning Center & Services will consolidate its Moorestown and Haddonfield campuses to a single site in Voorhees. CONTINUE READING

Investors Bank originates more than $300M in CRE loans

By Elana Knopp
May 17, 2018 02:05 PM

CONTINUE READING

NAI Hanson brokers lease renewals in Englewood

By Elana Knopp
May 17, 2018 12:27 PM

NAI James E. Hanson commercial real estate firm has completed lease renewals at the Van Brunt Business Center in Englewood for Marathon Enterprises, GNS Trading Corp. and ForTec Medical. CONTINUE READING

Team Resources completes leasing of Garfield facility

By Elana Knopp
May 17, 2018 08:15 AM

Lyndhurst-based Team Resources has leased 79,000 square feet of industrial space in Garfield to Unimac Graphics. CONTINUE READING

Sheldon Gross Realty brokers Belleville lease

By Elana Knopp
May 17, 2018 08:11 AM

West Orange-based Sheldon Gross Realty has arranged the lease of a 12,000-square-foot industrial space in Belleville to Platinum Maintenance Services Corp. 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

advertisement

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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