CLI News and Press, Mack-Cali Realty Corporation From 12/10/20

As companies keenly await COVID-19 vaccines that promise to return staff to the office, a new survey from the Pew Research Center suggests that won't be so easy.More than half of U.S. employees currently working from home say they'd like to keep their remote arrangements beyond the pandemic a...

Is the "Work-From-Home Era" here to stay? Few property sectors have been hit harder by the pandemic than office REITs, which have been slammed as workspaces continue to sit empty. COVID-19 has accelerated the pre-existing trends of increased workplace efficiency. Survey data and comme...

Port Imperial Neighborhood Continues to Flourish With Opening of Porter Restaurant at RiverHouse 11 WEEHAWKEN, N.J. , Dec. 8, 2020 /PRNewswire/ -- Roseland Residential Trust, a subsidiary of Mack-Cali Realty Corporation (NYSE: CLI), today announced that Porter ...

Mack-Cali Realty (CLI) announces $61M sale of its 581 Main Street office building in Woodbridge Township, NJ.The transaction continues Mack-Cali's ongoing strategic sale of its suburban assets, adding to its recent sale of 7 Campus Drive in Morris County, NJ ...

Mack-Cali Announces $61 Million Sale of 581 Main Street in Woodbridge Township, NJ JERSEY CITY, N.J. , Dec. 3, 2020 /PRNewswire/ -- Mack-Cali Realty Corporation (NYSE: CLI) today announced the disposition of 581 Main Street, a 203,335-square-foot office building in Woo...

Office REIT prices are slaughtered across N.A., but Kilroy is a diamond in the rough. KRC’s technology and healthcare tenant base provides a cushion against vacancy declines, delayed rent collection and increasing sublease space. P/NAV and Forward P/FFO valuation model impl...

The REIT sectors benefitting from today’s structural tailwinds include cell towers, data centers, life science, and single-family residential. We need to use caution to properly adapt to the changes around us. I’m not sure when I’ll get back to the “Big...

Mack-Cali Realty (CLI) announces disposition of 7 Campus Drive, a 154,820-square-foot office building in Parsippany, NJ, to Birch Group for ~$12.75M.This sale brings the year-to-date suburban office dispositions total to $270.35M."Divesting non-core assets will enable us to refocus on ou...

Mack-Cali Announces $12.75 Million Sale of 7 Campus Drive in Parsippany, New Jersey PR Newswire JERSEY CITY, N.J., Nov. 23, 2020 JERSEY CITY, N.J. , Nov. 23, 2020 /PRNewswire/ -- Mack-Cali Realty Corporation (NYSE:CLI) today announced the disposition of ...

U.S. equity markets climbed to record-highs this past week on positive trial results for a COVID-19 vaccine, a potentially major breakthrough hailed as a "great day for science and humanity." Adding to its 7% post-election surge, the S&P 500 gained 2.3% this past week to...