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Storm isn't all bad news for Atlantic City

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Cushman & Wakefield arranges JV equity for Woodmont Properties development in Bayonne

By Mario Marroquin
January 15, 2018 11:22 AM

Brokerage Cushman & Wakefield recently announced it served as the exclusive advisor to Banker Residential in arranging a joint-venture with Woodmont Properties to develop in Bayonne. Woodmont acquired a majority stake in the venture, currently under construction at 190 West 54th Street, Bayonne. CONTINUE READING

Zucconi Property Group purchases property in Hainesport

By Mario Marroquin
January 15, 2018 11:43 AM

Brokerage firm Wolf Commercial Real Estate recently announced it has closed on the sale of 1345 Route 38, Hainesport. WCRE’s VP and principal Chris Henderson and senior associate Ryan Barikian represented the seller, Castle Clan LLC, and the buyer in the transaction. CONTINUE READING

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Pfister approved for 254,000 sq. ft. industrial building in Ridgefield

By Mario Marroquin
January 12, 2018 12:55 PM

An 18.73-acre site just off Route 46 was approved for a 254,000-sqaure-foot industrial building earlier this week. Procida Funding is set to provide financing for the project at the site, which is owned by Pfister. CONTINUE READING

Rockefeller to build Best Buy warehouse in Piscataway

By Mario Marroquin
January 12, 2018 12:48 PM

The Rockefeller Logistics Center in Piscataway, a 2.2 million-square-foot distribution center by Rockefeller Group, is set to house a 725,000-square-foot distribution center, Rockefeller announced Friday. Best Buy is now the first official tenant at the Rockefeller Logistics Center and expects to open its new facility before the 201 holiday season. CONTINUE READING

Aberdeen Township opens Hidden Village residential development

By Mario Marroquin
January 12, 2018 12:51 PM

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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