The Atlantic City skyline — Courtesy: Casino Reinvestment Development Authority/Bob Krist
By Real Estate NJ
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 owner of the Pier Shops and Showboat casino offered his take during the International Council of Shopping Centers conference at the Atlantic City Convention Center, according to The Press of Atlantic City. The developer urged the audience to look beyond the perception problems of the struggling resort town, as he did when he made his two high-profile acquisitions.
“I love running into burning buildings,” Blatstein said, referring to his investment strategy, according to the report. “I love chaos. I love blight. In our business, it’s about the buy.”
For more, see Tuesday’s story by The Press of Atlantic City.
More New Jersey real estate headlines
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Appeals court rules against Jersey City in dispute over union-backed law (The Jersey Journal)
Montclair planning board considers new apartment building for church site (Baristanet)
Assembly Democrat proposes tax rates for North Jersey casinos (Politico New Jersey)
Editor’s note: The Rundown is a regular feature by Real Estate NJ in which we recap commercial real estate stories and headlines from across the state.