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Stock Market & Financial Investment News

News Breaks
March 21, 2013
09:28 EDTCLIMack-Cali Realty annoucnes jointventure acquisition ofproperty for $262.5M
Mack-Cali Realty announced that in a joint venture with a fund advised by UBS Global Asset Management it has acquired the 828-unit multi-family property known as Crystal House in the Crystal City section of Arlington, Virginia, for approximately $262.5M. The acquisition includes land to accommodate the development of approximately 295 additional units, 252 of which are currently approved. The venture has obtained a $165M mortgage loan from Walker & Dunlop, LLC under the Delegated Underwriting and Servicing program of Fannie Mae.
News For CLI From The Last 14 Days
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May 11, 2015
07:20 EDTCLIMack-Cali Realty expected to name Mitch Rudin as next CEO, WSJ reports
Mitch Rudin is the lead candidate to become the next CEO of Mack-Cali Realty, sources tell The Wall Street Journal. The company announced last week that it had retained an executive search firm in advance of the planned retirement of President and CEO Mitchell Hersh. Reference Link

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