Blog Archives

New Jersey Gov Christie signs internet gambling into law

TRENTON — Gov. Chris Christie signed a measure today allowing internet gambling in Atlantic City, a move his administration expects to nearly double casino revenue and provide a lifeline to the struggling seaside resort. “This was a critical decision, and one that

Posted in Atlantic City, Casino Developments, Economic Report, Legal Issues, LifeStyles, newsletter, Real Estate

Worst may be over for Atlantic City casinos as competition starts to flatten out

Posted: Sunday, January 13, 2013 By HOA NGUYEN Staff Writer At the start of 2006, 15 casinos were within about 600 miles of Atlantic City. Today, that number has nearly tripled to 39 casinos, including six that opened in 2012. The

Posted in Atlantic City, Casino Developments, Economic Report, Market Conditions, newsletter, Real Estate

Why Do Renters Want to Buy NOW?

Author: Daniel Torelli January 11, 2013 In a recent survey of renters who hope to someday buy a home, more than half expressed their desire to purchase sooner rather than later. According to a survey by the PulteGroup, 60% of renters

Posted in Market Conditions, newsletter, Real Estate

Most storm-damaged properties are second homes, creating a dilemma for owners and governments

Posted: Sunday, December 2, 2012 By LEE PROCIDA Staff Writer HurricaneSandy’s impact on the New Jersey shore line was felt far from the coast in a number of ways, but mainly because most people who own property by the ocean live

Posted in Atlantic City, Economic Report, Legal Issues, LifeStyles, Local News, Market Conditions, newsletter, Real Estate

Historically Low Mortgage Rates Hit Atlantic City Area

Financing Options Rate Points Annual Percentage Rate 30 Yr Fixed Conforming 3.125% 0 3.15% 30 Yr Fixed JUMBO                                **loan amounts from $417,001 to $2,000,000** 3.990% 0 4.02% 15 Yr Fixed Conforming 2.500% 0 2.546% 5/1 ARM Conforming 2.125 0 2.836%

Posted in Economic Report, Market Conditions, Mortgages, newsletter, Real Estate

Archdiocese of Philadelphia villa in Ventnor sells for $4.125 million at auction

By ANJALEE KHEMLANI, Staff Writer VENTNOR — The villa owned by the Roman Catholic Archdiocese of Philadelphia sold at auction Saturday for more than $4 million to Steve and Ilene Berger, of Philadelphia. The Bergers are owners of Berger Rental

Posted in LifeStyles, Local News, Non Casino Developments, Real Estate, Ventnor

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

Posted in Atlantic City, LifeStyles, Market Conditions, newsletter, Real Estate, Short Sales

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

Posted in Atlantic City, Local News, Market Conditions, Mortgages, newsletter, Real Estate

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

Posted in Atlantic City, Casino Developments, Legal Issues, Local News, Market Conditions, Real Estate

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. There were no buyers the first time

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

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