To finance the deal, Mack-Cali assumed some $63.2 million of mortgage debt, issued common operating-partnership units and paid the balance in cash.
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Real Estate
Wilshire Enterprises Accused of Conflicts of Interest
Mercury Real Estate Advisors of Connecticut expresses "serious concerns over the strategic direction and value destroyed by management of Wilshire Enterprises.Â
Read More »Unhappy Homes
Biz Briefs
Read More »Mack-Cali to Cement Dominant Market Position with Big Deal
The planned purchase of Gale Real Estate plus interests in large Jersey office portfolios are to total about $545 million.
Read More »Vornado Refinances Manhattan Property for 353 Million
The REIT said it realized net proceeds of about $176.3 million after repaying its existing loan and remitting closing costs.
Read More »NJBIZ Exclusive Mack-Cali Realty Close to Buying Bellemead Portfolio
The Bellemead portfolio comprises 4.2 million sq. ft. across 29 buildings, but Mack-Cali is apparently not buying the entire collection.
Read More »Lifes a Beach for Builder
With the Super Bowl behind it, Walters Group sales are hot again in southern Ocean County
Read More »Competing for the Best Brokers
Industry Report
Read More »Wilshire Enterprises Explores Strategic Options
CEO says the options include a merger or sale of the company; Wilshire shares surge.
Read More »Mack-Cali Sells 200 Million of Bonds
The Cranford REIT jumps in the busy corporate bond market with a two-part offering.
Read More »Hersha Hospitality Closes Purchase of Philly-Area Hotels for 40.5 Million
The REIT also strengthens its balance sheet with loan repayments of $35.5 Million.
Read More »Celebs Help Sought to Stop Residential Development
Actress Tara Reid asked to halt plans to build homes in Wyckoff.
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