Last Updated: February 8, 2005 02:40pm ET

JV Proposes $29M Makeover for Former Playboy Hotel

By Eric Peterson

VERNON, NJ-The plan is to convert much of the property, now known as the Legends Resort Hotel, into 360 condos and to add another 372 townhouses on the surrounding 600 acres.

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Distressed CRE Continues to Ebb

WASHINGTON, DC-A forthcoming report from Delta Associates shows that distressed commercial real estate in the United States totaled $166.9 billion in January 2012, down $4.7 billion since October 2011.

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