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Storm isn't all bad news for Atlantic City

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Marcus & Millichap completes $2.18M sale of Bergenfield property

By Elana Knopp
May 25, 2018 09:57 AM

Marcus & Millichap has wrapped the sale of a 14-unit apartment building in Bergenfield for almost $2.2 million. CONTINUE READING

Mixed-use development underway to Linden

By Elana Knopp
May 25, 2018 10:11 AM

CONTINUE READING

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Meridian lists Jersey City mixed-use development site for $50M

By Elana Knopp
May 24, 2018 12:04 PM

Meridian Investment Sales recently listed the Avenir mixed-use development site in Jersey City for $50 million. CONTINUE READING

Marcus & Millichap wraps $22M sale of East Orange high-rise

By Elana Knopp
May 24, 2018 02:12 PM

Marcus & Millichap recently completed the $22 million sale of Robert Towers, an 11-story, 206-unit building in East Orange. CONTINUE READING

NAI Hanson negotiates sale in River Edge

By Elana Knopp
May 24, 2018 01:02 PM

NAI James E. Hanson recently sold a 3,112-square-foot office condo in River Edge, with the real estate firm’s Darren Lizzack, Randy Horning and Michael Guerra representing the buyer. CONTINUE READING

HFF helps arrange $10.2M for self-storage project

By Elana Knopp
May 24, 2018 07:54 AM

Holliday Fenoglio Fowler helped arrange $10.2 million in financing for the development of a CubeSmart self-storage facility on 6.5 acres in Nutley. CONTINUE READING

Mill Creek opens residential community in Parsippany

By Elana Knopp
May 24, 2018 07:32 AM

Mill Creek Residential multifamily investor has opened Modera Parsippany residential community in Parsippany. CONTINUE READING

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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. 

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Storm isn't all bad news for Atlantic City

By

Back to Top Comments Email Print

Latest News

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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. 

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