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Storm isn't all bad news for 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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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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