Real estate slump makes Atlantic City beachfront homes more affordable

Posted: Sunday, August 26, 2012 By KEVIN POST, Business Editor The bottom of this real estate cycle, which went deeper than anyone expected, has produced something else surprising: beach-town bargains. Properties on or near the ocean typically hold their value better in a downturn because their supply is limited.But this time, even some island properties are distressed, and some home prices…

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Atlantic City – The Fall & Rise, The best it yet to come!

The Fall & Rise of Atlantic City By Roger Gros   Thu, Aug 30, 2012 Atlantic City's struggles are well known but the strategy to escape those problems isn't as easily understood. Publisher Roger Gros spent the summer interviewing the major players in town and explains how the city is positioning itself to become the hip destination on the east coast. In truth,…

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Homebuyer Enthusiasm Slips; Growing Sense that the Market Is Shifting Toward Sellers

AUGUST 29, 2012 So is it a bad thing or a good thing that the buyers are sensing that the market is shifting towards the sellers? I think that with the low interest rates the buyers are still going to get great deals and maybe get off the fence sooner than wait around thinking if the prices are going to…

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Revel Struggles as Summer Season Dwindles

From this observer the problems with The Revel is that they thought the players would all run over from whereever they were playing without getting comps. The management starting this summer soliciting gamblers. On a different note many tourists saw the prices of the food and beverages at the casino and either stayed away or never came back. I hope…

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Pinnacle Entertainment has prime Atlantic City real estate for sale; after two years, no buyers

Posted: Sunday, August 19, 2012 By DONALD WITTKOWSKI Staff Writer For two years, Pinnacle Entertainment Inc. has been unable to sell a prime piece of casino-zoned land located in the heart of the Boardwalk. [caption id="attachment_1307" align="alignleft" width="300" caption="Pinnacle Entertainment bought the Sands Casino Hotel in 2006 for $270 million. The company razed the casino with the intention of building a…

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Mortgage Rates Continue Record-Breaking Streak

Daily Real Estate News | Friday, July 27, 2012 The 30-year fixed-rate mortgage -- the most popular choice among home buyers -- is now a full percentage point lower than a year ago, Freddie Mac reports in its weekly mortgage market survey. Fixed-rate mortgages have been on a record-breaking streak the last few weeks, pushing home affordability even higher. "Market…

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Condo Boards Take a Stand on Delinquencies

By JULIE SATOW Published: June 22, 2012 A SUCCESSFUL condominium depends, in large part, on owners’ paying their monthly fees promptly and in full. Delinquencies can mean less money for maintenance and amenities — and draw the ill will of fellow residents. While the sheer size of larger buildings can often blunt their impact on the budget, small buildings with…

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$1.2 million in place to start up the South Inlet project in Atlantic City

Posted: Tuesday, June 19, 2012 By JENNIFER BOGDAN Staff Writer Plans for a mixed-use development project expected to transform sections of the South Inlet’s blighted and vacant neighborhoods into a bustling downtown with restaurants, shops and housing moved forward Tuesday as the project received $1.2 million. Money devoted by the New Jersey Casino Reinvestment Development…

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Atlantic City Shows and Entertainment 2012

Atlantic City concerts, shows and revues through 2012 Casino Reveues & IMAX movies Ongoing Believe—Diva's in a Man's World, Resorts Casino Concerts & Special Events  October 6 Ian Anderson, Caesars Show Information & Box Office Numbers Atlantic City Boardwalk Hall: 609-348-7000, www.boardwalkhall.com Atlantic Club : 609-340-7160, www.Hiltonac.com/entertainment Bally’s: 609-340-2709, www.ballysac.com Borgata: 609-677-1000, www.theBorgata.com Caesars: 800-677-7469, www.Caesarsac.com Golden Nugget: 866-746-5336, www.goldennugget.com…

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