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Mack-Cali Realty history
Mack-Cali Realty company history timeline
One night in mid-1997 they met for dinner to discuss the possibility of a merger.
Mitchell E. Hersh became a member of the board of directors in 1997.
In 1998, the company acquired $450 million worth of office properties, which boosted its holdings by 12%. It also bought properties in Washington D.C. and Maryland and properties in the Southwest.
Mack-Cali indicated that it would refocus on a regional strategy, announcing in November 2000 that it intended to sell $600 million of its Southwestern portfolio within the next two years.
In March 2001 it announced it would sell the 20 office buildings it owned in Colorado.
In 2006, the company acquired the Gale Company, a private real estate firm headquartered in New Jersey that owned 2.8 million-square-foot of office buildings.
In 2012, the company acquired Roseland Partners, a property developer in New Jersey, for $134.6 million.
In 2013, the company sold 19 Skyline Drive for $17.5 million.
In November 2014, Roseland opened Portside at East Pier in East Boston.
In 2015, Mitchell E. Rudin became CEO and Michael J. DeMarco became the company's president and chief operating officer.
The second phase, which includes 550 luxury residences and 70,000 square feet of retail space, opened in 2018.
In 2019, Robert Martin re-acquired most of the portfolio from Mack-Cali, buying a 56 property, 3.1 million square foot office/flex portfolio for $487.5 million.
"Mack-Cali Realty Corporation ." International Directory of Company Histories. . Retrieved June 22, 2022 from Encyclopedia.com: https://www.encyclopedia.com/books/politics-and-business-magazines/mack-cali-realty-corporation
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Mack-Cali Realty competitors
| Company name | Founded date | Revenue | Employee size | Job openings |
|---|---|---|---|---|
| Kimco Realty | 1958 | $2.0B | 484 | 27 |
| Corporate Office Properties Trust | 1988 | $753.3M | 394 | 798 |
| Essex Property Trust | 1971 | $1.8B | 1,799 | 30 |
| Public Storage | 1972 | $3.4B | 5,500 | 545 |
| The Vanguard Group | 1975 | $6.9B | 17,600 | 278 |
| T. Rowe Price | 1937 | $7.1B | 7,678 | 549 |
| National Retail Properties | 1984 | $869.3M | 70 | 46 |
| Neuberger Berman | 1939 | $2.8B | 2,000 | 164 |
| Realogy | 2006 | $5.7B | 9,435 | - |
| Legg Mason | 1899 | $2.9B | 3,059 | - |
Mack-Cali Realty history FAQs
Zippia gives an in-depth look into the details of Mack-Cali Realty, including salaries, political affiliations, employee data, and more, in order to inform job seekers about Mack-Cali Realty. The employee data is based on information from people who have self-reported their past or current employments at Mack-Cali Realty. The data on this page is also based on data sources collected from public and open data sources on the Internet and other locations, as well as proprietary data we licensed from other companies. Sources of data may include, but are not limited to, the BLS, company filings, estimates based on those filings, H1B filings, and other public and private datasets. While we have made attempts to ensure that the information displayed are correct, Zippia is not responsible for any errors or omissions or for the results obtained from the use of this information. None of the information on this page has been provided or approved by Mack-Cali Realty. The data presented on this page does not represent the view of Mack-Cali Realty and its employees or that of Zippia.
Mack-Cali Realty may also be known as or be related to MACK CALI REALTY CORP, Mack-Cali Realty, Mack-Cali Realty Corp, Mack-Cali Realty Corp., Mack-Cali Realty Corporation and Mack-cali Realty Corporation.