ERROR: Macro njDefaultArticleHeader is missing!

Storm isn't all bad news for Atlantic City

By

Back to Top Comments Email Print

Latest News

Construction to begin on Middlesex PriceSaver

By December 14, 2018 02:16 PM

Forte Real Estate Development will break ground next week on 200 rental apartments and a PriceSaver Fresh Marketplace coming to Lincoln Boulevard in Middlesex Borough. CONTINUE READING

Somerset's Atrium Corporate Park sells for $33.5M

By Jessica Perry
December 13, 2018 02:05 PM

The three-building Atrium Corporate Park in Somerset has sold for $33.5 million, JLL Capital Markets announced Thursday. CONTINUE READING

advertisement

Cushman & Wakefield to lease Mount Olive industrial property

By Jessica Perry
December 13, 2018 01:48 PM

Cushman & Wakefield has been named the exclusive leasing agent for what it referred to as “the state’s largest available space,” a 1,427,979-square-foot distribution and warehouse property in Mount Olive. CONTINUE READING

North Plainfield retail location sells for $1.3M

By Jessica Perry
December 13, 2018 03:00 PM

CONTINUE READING

NAI negotiates sale of Ridgewood medical building

By Jessica Perry
December 13, 2018 03:01 PM

CONTINUE READING

Hackensack multifamily properties net $11.5M

By Jessica Perry
December 12, 2018 01:45 PM

The Kislak Co. Inc. has arranged an off-market sale of two neighboring multifamily properties in Hackensack for $11.5 million, the Woodbridge-based commercial real estate brokerage announced Wednesday. CONTINUE READING

Hampshire Cos. continues self-store development

By Jessica Perry
December 12, 2018 01:36 PM

Morristown-based The Hampshire Cos. has opened two self-storage facilities totaling more than 200,000 square feet in the Philadelphia area. CONTINUE READING

advertisement

Short post today, since our offices are closed.

Those of you who focused on the bad news during Sandy’s wrath missed a couple of key stories out of Atlantic City, such as the still unconfirmed reports that Revel CEO Kevin DeSanctis attached sails to his casino in the hopes that it would wash away to a land where people might actually go inside it.

Actually, there are two big stories out of the storm, and both involve the casino numbers. When October’s numbers are way off the mark of last year, expect the city’s ardent boosters to dismiss them, since we had closures as a result of a hurricane. Those folks will conveniently forget the crippling October 2011 snowstorm that they used to explain why that month’s numbers were down. They also won’t mention that October 2012’s disappointing numbers come with an extra casino — Revel — in the mix.

Then, when October 2013’s numbers exceed those from this month, you can watch as those same boosters somehow forget that the only reason the numbers are up is because we’ll have a full month of activity by which to measure them. By October 2014, someone will hopefully have decided to open a casino in North Jersey, or we’ll be reporting casino numbers not by hundreds of millions of dollars, but by the number of cigarettes cleaned up off the Boardwalk.

I’m even more irreverent on Twitter @joe_arney, but typically not when our office is closed. 

Share This Story On:

Storm isn't all bad news for Atlantic City

By

Back to Top Comments Email Print

Latest News

advertisement

Short post today, since our offices are closed.

Those of you who focused on the bad news during Sandy’s wrath missed a couple of key stories out of Atlantic City, such as the still unconfirmed reports that Revel CEO Kevin DeSanctis attached sails to his casino in the hopes that it would wash away to a land where people might actually go inside it.

Actually, there are two big stories out of the storm, and both involve the casino numbers. When October’s numbers are way off the mark of last year, expect the city’s ardent boosters to dismiss them, since we had closures as a result of a hurricane. Those folks will conveniently forget the crippling October 2011 snowstorm that they used to explain why that month’s numbers were down. They also won’t mention that October 2012’s disappointing numbers come with an extra casino — Revel — in the mix.

Then, when October 2013’s numbers exceed those from this month, you can watch as those same boosters somehow forget that the only reason the numbers are up is because we’ll have a full month of activity by which to measure them. By October 2014, someone will hopefully have decided to open a casino in North Jersey, or we’ll be reporting casino numbers not by hundreds of millions of dollars, but by the number of cigarettes cleaned up off the Boardwalk.

I’m even more irreverent on Twitter @joe_arney, but typically not when our office is closed. 

Share This Story On:
advertisement

Comments


Be the first to comment.



Please note: All comments will be reviewed and may take up to 24 hours to appear on the site.

Post Comment
     View Comment Policy
advertisement
ERROR: Macro defaultSidebar is missing!
ERROR: Macro footer_top is missing!
Back to Top