Posts Tagged: Wolf Commercial Real Estate

Atlantic City Embraces Esports, Recognizing the Potential Economic and Social Benefits for the Resort

Members of Stockton University’s esports team, from left, Ryan “Base Ace” Andjel, 22, of Berlin; Alexander Rodriguez providing technical support; Carl “Six” Leiby, 19, of Brigantine; James “Chelzee33” Pari, 21, of Barnegat Township; program manager Demetrios Roubos, 38; and Tyler “T3Xille” Langan, 21, of Barnegat, play “Call of Duty: Black Ops Cold War” on Thursday… Read more »

New Jersey closer to Extending Atlantic City Takeover

ATLANTIC CITY, N.J. (AP) — New Jersey lawmakers passed a bill Monday that would extend the state takeover of most of Atlantic City’s major decision-making powers for another four years. If the bill is signed into law by Democratic Gov. Phil Murphy, the state will have been in charge of the seaside gambling resort’s major… Read more »

Caesars Entertainment to Invest $400M into its Atlantic City Resorts by 2023

Caesars Entertainment Inc. on April 20 released details about its $400 million master plan investment in Atlantic City, where it owns and operates three of the region’s casino destinations–Caesars, Harrah’s Resort and Tropicana Atlantic City. The plans include remodeled room towers, freshly appointed interior design elements; enhancements to the casinos’ gaming floors, new dining concepts… Read more »

Ocean Casino Resort Announces $15M Reinvestment

Ocean Casino Atlantic City NJ

Ocean Casino Resort doubles down on recent success with a reinvestment of $15 million into the resort, team members, and surrounding North Beach community. “Ocean’s interest in our people, product, and community is a testament to the progressive direction our property is moving toward as we enter into the summer months,” said Terry Glebocki, Chief Executive Officer for Ocean Casino Resort. “As… Read more »

Standard Acquires, Plans To Renovate Atlantic City Senior Housing Complex

Baltic Plaza Apartments Atlantic City NJ

In its first acquisition in New Jersey, the affordable-housing arm of Standard Cos. has purchased and will renovate Baltic Plaza Apartments, a 169-unit senior housing development in Atlantic City, in a $38 million deal.  Standard Communities, part of New York City-based Standard Cos., bought 1313 Baltic Ave. in partnership with the U.S. Department of Housing and Urban Development and… Read more »

Detroit’s Ilitch Family To Buy Stake in Ocean Casino in Atlantic City

Motorcity Hotel and Casino

An entrepreneurial Detroit family that owns the Little Caesars pizza chain as well as a casino in the Motor City plans to acquire up to 50% ownership in the Ocean Casino Resort in Atlantic City, the seaside New Jersey gambling mecca that’s the nation’s second biggest gaming market. Luxor Capital Group, a New York City… Read more »

Trump Plaza Imploded in Atlantic City

The congregation gathered early Wednesday at the Ducktown Tavern to deliver last rites for Trump Plaza, the once gilded, later decrepit former casino built by former President Donald Trump. In its final incarnation, 19 seconds of deliberate destruction, Trump Plaza took its place alongside Atlantic City’s most iconic symbols of failure, imploded during an Ash… Read more »