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Seven Must Reads for the CRE Industry on March 5, 2021

Seven Must Reads for the CRE Industry on March 5, 2021
wealthmanagement.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from wealthmanagement.com Daily Mail and Mail on Sunday newspapers.

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Mack-Cali Names Mahbod Nia Chief Executive Officer

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JERSEY CITY, N.J., March 3, 2021 /PRNewswire/ Mack-Cali Realty Corporation (NYSE: CLI), a leading owner, manager, and developer of class A office and luxury multifamily real estate throughout New Jersey, today announced that its Board of Directors (the Board ) has named Mahbod Nia Chief Executive Officer, effective March 8, 2021. Mr. Nia, who has served as a director of Mack-Cali since June 2020, will succeed Interim CEO MaryAnne Gilmartin, who will serve as Special Advisor to ensure a smooth transition of responsibilities. With the selection of a permanent CEO, and to allow for the election of an independent Board Chair in accordance with the applicable NYSE independence guidelines, Ms. Gilmartin has stepped down as Board Chair, and will not run for re-election to the Board at the Company s 2021 Annual Meeting of Shareholders. She will remain a director through the Annual Meeting and return to her full-time role as CEO of MAG P ....

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Mack-Cali Names Mahbod Nia Chief Executive Officer

Mack-Cali Names Mahbod Nia Chief Executive Officer
prnewswire.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from prnewswire.com Daily Mail and Mail on Sunday newspapers.

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Mack-Cali Announces Sale of Riverwatch Commons and Crystal House Apartments; Refinances The Emery at Overlook Ridge

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JERSEY CITY, N.J., Jan. 6, 2021 /PRNewswire/ Mack-Cali Realty Corporation (NYSE: CLI) today announces a trio of transactions across its residential portfolio, including the sale of its interests in
Riverwatch Commons in New Brunswick, NJ and
Crystal House Apartments in Arlington, VA, as well as the construction take-out financing of
As we ve said before, moving forward our emphasis will be on our core markets, asset control and thoughtful management of our balance sheet, said
MaryAnne Gilmartin, Board Chair and Interim Chief Executive Officer of Mack-Cali Realty Corporation. Securing permanent financing of The Emery, a building that has nearly stabilized since its 1Q 2020 opening, provides the Company with excess financing proceeds. ....

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