Real Estate Forum
Living the American Dream With Real Estate Artistry - If art imitates life, especially in the art of real estate development, the three senior principals of Cali Associates might well have been suitable subjects for a Norman Rockwell painting or a Jack London adventure story. Their rise to the heights of real estate development in New Jersey makes for a classic American tale: Two brothers — born the sons of an immigrant miner in the Colorado Rockies — and a boyhood pal stick together through the Great Depression and World War II, go to college and become educators. Dissatisfied, they try their hand at real estate Read more ...
Two years since its IPO, Cali Realty Corporation surpasses all expectations. - Tenants, brokers, investors and analysts are all finding that Cali Realty Corporation is the company to watch in tri-state real estate. From Cali's hands-on property management to its multitude of acquisitions to its impressive stock return, Cali Realty constantly surpasses all expectations. In just two years since its initial public offering, Cali has expanded across the tri-state area, completing more than $250 million in acquisitions. Cali’s original portfolio of 12 office properties, totaling 2.2 million square feet with 230 tenants, has more than doubled to 45 properties totaling 4.6 million square feet with over 430 tenants. Read more ...
The New York Times
February 2, 1997
Robert Martin's sale to Cali part of trend to public ownership. - For 40 years, the company created by Robert Weinberg and Martin Berger was a major factor in the two counties immediately north of New York City, with their Robert Martin Company eventually owning 4.1 million square feet of office, mixed-use and industrial space in Westchester and in Fairfield County, Conn. The name will continue to exist, but Robert Martin is about to become part of a fast growing New Jersey-based real estate investment trust, Cali Realty Corporation. The $440 million transaction will mark the demise Read more ...
Cali Realty - The Making of a Super-Regional REIT - By aggressively embarking on a calculated strategy of acquiring and developing high-quality properties in promising markets, Cali Realty Corporation has become the premier super-regional office REIT in the Northeast, with properties stretching across four states. The implementation of this strategy relies on Cali’s ability to focus its expansion activities in markets where it is or can become a dominant player and its success in gaining access to the capital markets. Read more ...
Real Estate New York
Scaling New Heights Above Jersey City's Waterfront - In terms of building brighter prospects for those seeking class-A facilities west of the Hudson, Mack-Cali Realty is ready, willing—and financially able—to share the developmental spotlight with Jersey City as the current economic climate unites two of the Garden State’s leading success stories. ON THE WATERFRONT — one of the best pictures of years gone by, or in the picture as one of the best places in New Jersey for mixed-use development in years? If the answer is the latter, then it’s only logical to expect Mack-Cali Realty Corp. to play a lead role in the epic saga of Jersey City’s water’s edge endeavors. Read more ...
Acquisitive 1997 Sees Super-regional Mack-Cali Add To Suburban Philadelphia Portfolio - When Mack-Cali Realty Corporation, formerly Cali Realty Corporation, entered the suburban Philadelphia market in May 1996 with its purchase of Rose Tree Corporate Center, the company saw the move as a natural extension of its 48-year presence in suburban New Jersey. Now, just two years later, its holdings in suburban Philadelphia have increased to 38 properties totaling 2.6 million square feet. Read more ...
Real Estate Forum
MACK-CALI Anatomy of a Merger - Critics wondered how Cali Realty could sustain its three-year feverish growth rate. The firm's $1.2-billion merger with the Mack Co. answered their questions. The merger of Cali Realty Corp. and the Mack Co. in December her created a real estate investment trust with extraordinary financial clout and an immediate presence in several growing suburban office markets. But the marriage has done much more. The combined firms today stand on the threshold of major new market inroads. Read more ...
Office & Industrial Properties
A Marriage of Minds Promising Future for Mack-Cali Realty - Mitchell E. Hersh and Thomas A. Rizk were good friends and longtime neighbors who often discussed business. But when Hersh and Rizk got together for dinner in May 1997, neither knew their conversation would lead to the inception of one of the country’s largest real estate investment trusts (REIT). Hersh, who was COO of The Mack Co., a successful family-owned real estate company based in Rochelle Park, N.J., was looking to grow the company’s holdings. Read more ...