Business news from around South Jersey
Richard Stockton College acquires shuttered Atlantic City casino The shuttered Showboat Casino Hotel has been acquired by Richard Stockton College, in a move that would extend the campus of the Galloway-based college into Atlantic City. Terms of the sale were not disclosed at press time, but the agreement would include the acquisition of roughly 28 acres and a 1.4 million-square-foot building.
Pennsauken-based J & J Snack Foods has record fourth quarter and year Sales for the fourth quarter of snack food manufacturer and distributor J & J Snack Foods increased 7 percent in the fourth quarter, and 6 percent for the year, according to the company. Sales were $253.5 million in the year’s last quarter, and for the year ended Sept. 27, sales were $919.5 million.
Virtua hospitals receive highest safety scores available All four of Virtua’s hospitals scored “A” safety ratings in the Fall 2014 Hospital Safety Score, which is administered by The Leapfrog Group. The hospitals were rated on how well they protect patients from errors, injuries and infections and is designed to give consumers pertinent information to help them choose the appropriate hospital for themselves and their families.
PREIT urged to sell 17 properties, including two South Jersey locations Investment firm Land and Buildings advised Pennsylvania Real Estate Investment Trust (PREIT) to sell 17 of its properties, including the Moorestown Mall and Voorhees Town Center. The company said by selling the properties, PREIT would be able to boost its share value. PREIT would retain a third South Jersey property, the Cherry Hill Mall, under the company’s suggestion.
NAI Mertz awarded agreement for parcel of land in Camden In an exclusive sale/lease agreement, Mount Laurel’s NAI Mertz will market a site in Camden approved for mixed-use development, including office, residential and retail uses. Located on a 10-acre site on Haddon Avenue, the parcel is recognized under the state’s Economic Opportunity Act of 2013, which means incentives and tax credits from the state would be available to potential buyers and lessees.
Cherry Hill addresses troubled properties The Cherry Hill township council has begun a study to determine if several properties in the town qualify as “in need of development” under state law. If the properties—which include several aging inns and a former synagogue, and have long been considered underutilized—qualify, officials would be able to start working on long-term revitalization plans.
South Jersey’s first outdoor ice rink celebrates its second year Winterland, the first outdoor ice rink to debut in South Jersey, began its second year Nov. 28. Located on Downtown Glassboro’s Rowan Boulevard, the 60-foot by 120-foot rink boasts a host of amenities, live entertainment and holiday events, and also has a goal of raising $100,000 for eight local charities this winter.
Duly Noted Bill Caruso, the managing director of Haddonfield’s Archer Public Affairs, has been named to the New Jersey Chamber of Commerce’s board of directors.
Mount Laurel firm Parker McCay has promoted attorney Jeffrey D. Winitsky to shareholder.
AtlantiCare has been honored with the 2014 Healthcare Planning & Marketing Society of New Jersey’s PeRCy Award for Best TV/Radio Spot. Their commercial—“Jessica’s Talk Show—What you Need to Know About the Health Insurance Marketplace”—was the fifth in a series focusing on the importance of access to care.
Mindie Barnett of MB and Associates Public Relations has been named the Woman Business Owner of the Year by the National Association of Women Business Owners, South Jersey chapter.
For the third consecutive year, Benefit Concepts was named a finalist in Signator Investors’ Practice of the Year competition sponsored by National Financial. As part of the selection process for the award, Benefit Concepts underwent a rigorous assessment conducted by the international management consulting firm Business Health, which reviewed client management, internal planning and structure, external relations, staffing and technology capabilities, and overall practice performance.
Mount Laurel’s The Gruber Firm merged with Springfield-based firm Javerbaum Wurgaft Hicks Kahn Wikstrom & Sinins and attorney Saul Gruber now runs the nursing home law division of the Javerbaum Wurgaft firm. The addition of The Gruber Firm means a sixth office in New Jersey for Javerbaum Wurgaft.
Published (and copyrighted) in South Jersey Biz, Volume 5, Issue 1 (January, 2015).
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