The Trump Taj Mahal Casino Hotel in Atlantic City was set to close early Monday morning, becoming the fifth gaming hall in the resort town to shut down in less than three years.
A developer has acquired its second Princeton-area hotel, with plans to reinvest in the property and position it as a key piece of the Carnegie Center business campus.
The defunct Revel casino in Atlantic City has a new name and a new management team.
Speaking to a crowd of fellow real estate and retail professionals, developer Bart Blatstein on Tuesday made a pitch for bringing new development and investment to Atlantic City.
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.
The Pinnacles Cos., in a joint venture with The Hampshire Cos. and investment partner Circle Squared Alternative Investments, broke ground recently on downtown Montclair’s first new full-service hotel in decades.