Monthly Archives: March 2010

Revel in Atlantic City may have deal with Chinese bank to finish casino

By DONALD WITTKOWSKI Press of A.C. Staff Writer | Wednesday, March 31, 2010 ATLANTIC CITY — Capping months of negotiations, a final agreement with a Chinese bank for financing to complete the $2.5 billion Revel casino project appears imminent, according

Posted in Atlantic City, Casino Developments, Local News

Condominiums Face Lack of Affordable Financing Due to Changes in FHA Rules

By: Clifford A. Hockley We all know that condominium developers built more condominiums than the market could absorb from 2006 – 2009. They built from scratch, developing small and large projects from duplexes to hundreds of units, and they bought

Posted in Atlantic City, Mortgages, Non Casino Developments

Homeownership more affordable in Atlantic, Cumberland counties; Cape May area among most expensive in nation

By ERIK ORTIZ Press of A.C. Staff Writer | Monday, March 29, 2010 Homeownership in Atlantic and Cumberland counties has become increasingly affordable for elementary school teachers and police officers, while Cape May County continues to shut out teachers, police

Posted in Atlantic City, Local News, Real Estate

Economic Housing Report

Existing home sales fell 0.6% in February to a seasonally adjusted annual rate of 5.02 million units from 5.05 million units in January. The inventory of unsold homes on the market rose 9.5% to 3.59 million, an 8.6-month supply at

Posted in Economic Report

Atlantic City Casino Headliner Listings

Ticket Information Tickets for most shows can be purchased at www.pressofatlanticcity.com/tickets. Tickets for all shows listed here are on sale now unless noted below. Regine Velasquez & Ogie Alcasid with Marian Rivera & Dingdong Dantes, Trump Taj Mahal, Xanadu, 3

Posted in Atlantic City, Just For Fun

Trump says his name on the casinos alone is worth at least $40 million

By DONALD WITTKOWSKI Press of A.C. Staff Writer | Saturday, March 27, 2010 ATLANTIC CITY – Donald Trump’s name adorns everything from skyscrapers to silk neck ties to bottles of premium vodka. Then, of course, there are the three Trump-branded

Posted in Atlantic City, Casino Developments, Legal Issues, Real Estate

Hard Rock wants to build a boutique casino on the Atlantic City Boardwalk

By DONALD WITTKOWSKI Press of A.C. Staff Writer | Posted: Tuesday, March 23, 2010 ATLANTIC CITY — A new casino may rock Atlantic City out of its economic doldrums. Hard Rock International, one of the best-known brands in the gaming

Posted in Atlantic City, Casino Developments, Real Estate

Sen. Whelan introduces bill to allow smaller “boutique” Atlantic City casinos

By JULIET FLETCHER Press of A.C. Statehouse Bureau | Tuesday, March 23, 2010 The bill introduced Monday by state Sen. Jim Whelan to allow smaller, boutique Atlantic City casinos drew cool reactions from other area legislators, with Republican Assemblyman Vincent

Posted in Atlantic City, Casino Developments, Legal Issues, Local News

Real estate sold transactions Jan. 23-29 2010

Real estate transfers: Jan 23-29 2010  ATLANTIC CITY 1926 Grant St., Ida Mae Smallwood to Blondine C Hughes; 1/25/2010. $70,000 111 Rhode Island Ave., Baltic Development Group LLC & Mario Procida to Atlantic City Housing Authority & Urban Redevelopment Agency;

Posted in Atlantic City, Property Transfers

Once a symbol of future, barren Sands casino lot now just frustrates Atlantic City officials

By DONALD WITTKOWSKI, Press of A.C. Staff Writer | Sunday, March 21, 2010 ATLANTIC CITY — The barren site overlooking the Boardwalk consists of little more than mounds of dirt and scruffy tufts of grass peeking through the soil. Intruders

Posted in Atlantic City, Casino Developments, Local News, Real Estate

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