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Storm isn't all bad news for Atlantic City

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Marcus & Millichap complete sale of $2.45M retail property

By Emily Bader
February 24, 2017 11:01 AM

Marcus & Millichap announced Thursday the sale of a retail property in Edison for $2.45 million, according to Brian C. Hosey, regional manager of the firm’s New Jersey office. CONTINUE READING

Chase Bank location sells in Westwood for $2.1M

By Emily Bader
February 24, 2017 12:49 PM

A Chase Bank has sold in Westwood for $2.1 million, according to Marcus & Millichap. CONTINUE READING

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Valley National Bank names head of commercial lending division

By Emily Bader
February 24, 2017 10:21 AM

Valley National Bank, the wholly-owned subsidiary of Valley National Bancorp, announced Friday it has promoted James M. Trouwborst to senior vice president, commercial lending division head. CONTINUE READING

IEEE executive director to retire

By Mario Marroquin
February 23, 2017 02:19 PM

IEEE has announced that, after eight years of working with the organization, Executive Director James Prendergast has elected to retire in 2018. CONTINUE READING

CSI Group names president

By Mario Marroquin
February 23, 2017 02:23 PM

After starting at CSI Group as a video editor and motion designer, Rich Cannava has been named the company’s president and a partner. CONTINUE READING

Littler appoints co-office managing shareholders

By Emily Bader
February 23, 2017 12:02 PM

Littler, an employment and labor law firm, announced Peter B. Ajalat and Russell J. McEwan have been appointed co-office managing shareholders of its Newark office. CONTINUE READING

BHI launches N.J. Commercial Lending Group

By Emily Bader
February 22, 2017 11:24 AM

BHI, a commercial lending solution, announced Wednesday it has launched the New Jersey Commercial Lending Group, which will focus on businesses throughout New Jersey and the Mid-Atlantic region. 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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