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Storm isn't all bad news for Atlantic City

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C&W secures financing for Paterson distribution center

By Mario Marroquin
August 23, 2017 02:27 PM

Commercial real estate firm Cushman & Wakefield recently announced it secured $15.34 million in financing for a joint partnership between Camber Real Estate Partners and Advance Realty for an Interstate 80 distribution center in Paterson. CONTINUE READING

Wyndham Worldwide announces spin-off hotel company, leadership changes

By Emily Bader
August 22, 2017 12:38 PM

Parsippany-based Wyndham Worldwide announced Monday leadership appointments for its new pure-play hotel company. CONTINUE READING

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Student Transportation Inc. appoints president of School Transportation Group

By Emily Bader
August 22, 2017 12:45 PM

Wall-based Student Transportation Inc., a safety and fleet service for schools, announced it has created the School Transportation Group, which focuses on the company’s school contracted transportation operations. CONTINUE READING

Hanover Crossroads reaches full occupancy

By Mario Marroquin
August 22, 2017 10:56 AM

After having completed three leases at Hanover Crossroads, commercial real estate firm Key Properties announced its 107,000-square-foot retail center in Cedar Knolls has reached full occupancy. The firm added Old Navy, IHOP and an Italian restaurant to the center. CONTINUE READING

CBRE names senior vice president

By Mario Marroquin
August 22, 2017 10:45 AM

Commercial real estate firm CBRE recently announced Jonathan Meisel has joined the firm’s central New Jersey office to serve as a senior vice president. CONTINUE READING

V12 Data promotes Johnson to SVP of client development

By Emily Bader
August 21, 2017 11:28 AM

Red Bank-based V12 Data, an omnichannel data company, announced it has promoted Jeff Johnson from vice president to senior vice president of client development. CONTINUE READING

TriState Capital appoints EVP of finance and CFO transition plan

By Emily Bader
August 21, 2017 10:59 AM

TriState Capital Holdings Inc. announced that David J. Demas has been named executive vice president of finance and will succeed Mark L. Sullivan as chief financial officer, after a four-month transition period, on Jan. 1, 2018. 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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