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Storm isn't all bad news for Atlantic City

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Montclair mixed-use gets LEED Silver

By Elana Knopp
June 15, 2018 08:06 AM

The Montclarion at Bay Street Station mixed-use building in downtown Montclair has been awarded LEED Silver certification from the U.S. Green Building Council for green homebuilding and design. CONTINUE READING

Kislak sells Monmouth investment properties

By Elana Knopp
June 15, 2018 07:13 AM

The Kislak Co. announced Thursday the sale of four investment properties in Asbury Park and Long Branch for almost $12.6 million. CONTINUE READING

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Team Resources completes Ledgewood industrial lease

By Elana Knopp
June 15, 2018 09:56 AM

Commercial real estate group Team Resources Inc. recently completed the lease of 284,000 square feet of industrial space in Ledgwood to Farren International. CONTINUE READING

Cushman & Wakefield arranges sale of Rochelle Park property

By Elana Knopp
June 15, 2018 07:15 AM

Cushman & Wakefield has arranged the sale of 395 W. Passaic St., a four-story boutique office building totaling 107,969 square feet on 3.1 acres in Rochelle Park. CONTINUE READING

Former Bristol-Myers HQ up for lease

By Elana Knopp
June 14, 2018 08:08 AM

Colliers International Group and Trawler Capital Management will head the leasing of the former headquarters of pharmaceutical giant Bristol-Myers Squibb in Princeton. CONTINUE READING

HFF secures $28.5M refinancing for Mount Olive warehouse

By Elana Knopp
June 14, 2018 10:16 AM

Holliday Fenoglio Fowler announced Thursday the $28.5 million refinancing for 350 Clark Drive, a three-building Class A industrial warehouse facility totaling 443,030 square feet in Mount Olive. CONTINUE READING

Meridian Capital arranges $19M to refi Hackensack multifamily

By Elana Knopp
June 14, 2018 01:36 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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