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Stock Market & Financial Investment News

News Breaks
December 23, 2013
10:38 EDTCLIMack-Cali Realty backs FY14 FFO $1.90-$2.10, consensus $2.19
Mack-Cali Realty Corporation "expressed comfort" with FY14 funds from operations in the range of $1.90 to $2.10 per diluted share, noting, "Mack-Cali has been very active in strategic dispositions in order to provide the company with funds to be redeployed in the multi-family sector, a strategy that we laid out when we acquired Roseland in 2012."
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April 14, 2014
10:16 EDTCLIMack-Cali Realty acquires 220-unit multi-family property for $37.7M
Mack-Cali Realty announced that it has acquired Andover Place at 650 Bulfinch Drive in Andover, Massachusetts. The 220-unit, multi-family property was acquired for a purchase price of approximately $37.7M. This luxury community consists of studio, one, two, and three-bedroom units, as well as three-bedroom duplexes. The 94% leased property was acquired from AEW Capital Management and Corcoran.

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