Mack-Cali selling waterfront trophy for $380M
Mack-Cali is in contract to sell a trophy office tower on the Hudson River waterfront for $380 million, according to sources close to the deal.
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WHO’S NEWS: Durst, RIPCO, HWE among firm’s hiring this week
Helmsley Spear, LLC, announced that Randy Sherman has joined the firm as Executive Managing Director where he will focus on tenant and landlord representation. Sherman
Mack-Cali sells another property as it weathers COVID, shareholder storms
Mack-Cali has sold another office building and reported that the bulk of its tenants are paying rent through the coronavirus pandemic. The New Jersey based
Simon strikes $3.6B deal to buy Taubman
In a deal valued at $3.6 billion, Simon Property Group is buying mall operator Taubman Realty. Simon will acquire an 80 percent ownership interest in
Senior housing next for rent regulation overhaul?
A rapidly growing population of urban seniors is giving some investors gray hair. Fears are brewing that if developers can’t meet demand from a ‘silver
Nobody move! Renters stay put as owners sell in bulk
Brookfield is joining the big-game sell-off of New Yorkʼs housing stock. Along with partner Urban American, the company will offload five former Mitchell-Lama buildings in
What to expect when you’re expecting rent regulated returns
With the passing of the new rent regulations in Albany, drastically limiting the ways landlords can raise rents, developers have been researching new ways to
Sale in the cards as activists call Mack-Caliʼs $6B bluff
Office and apartment giant Mack-Cali could be worth $6.1 billon in a sale after a big vote of no confidence from shareholders gave activist investors
Mack makes the call on REIT’s future
Veteran real estate dealmaker Bill Mack is placing a big blind on his Mack-Cali stockholders after hanging up on the activist investors looking to shake