A major accounting firm plans to renovate a 60,000-square-foot office building in Montvale after acquiring the property for $5.7 million, Cushman & Wakefield said.
Atlantic City real estate values plunge amid resort’s struggles
THE RUNDOWN: Like its gaming revenue, property values in Atlantic City have plummeted over much of the past decade. That’s according to a new story by The Press Atlantic City, which found that total property assessments in the city have fallen from more than $20 million in 2008 to roughly $7 million today.