When Mack-Cali Realty Corp. announced its rebrand the name change came along with a shift in focus as the company transitioned to a pure-play multifamily REIT. At the end of the second quarter of this year that goal is closer, with its last remaining suburban office property under contract.

The appointment of company veteran Karen Cusmano to the new position was accompanied by the release of the Jersey City-based REIT's 2021 Environmental, Social, and Governance report, which highlighted an 18% decrease in energy consumption by the company from 2019 levels.

Veris Residential launched leasing at its first property to be delivered since it rebranded from Mack-Cali in December. The Jersey City building embodies the company's focus on environmentally and socially conscious efforts.

In January, the former Mack-Cali announced a transition plan among its financial leaders. Now, as the company continues its evolution into a pure-play multifamily REIT, it's introducing two new members to the executive team.

According to a deal announcement, Professional Sports Authenticator's lease comprises the most office space leased in Jersey City by a tenant since September 2020.

Amanda Lombared will succeed Chief Accounting Officer Giovanni DeBari, who is leaving the company, and will eventually take over as CFO after David Smetana departs.