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June 6, 2000 CRANFORD, N.J – Mack-Cali Realty Corporation (NYSE:CLI) has agreed to sell Kemble Plaza II, a 475,100-square-foot office building in Morris Township, N.J., for $82.7 million, or $174/sf.The property is part of Kemble Plaza, a two-building office complex ...
June 6, 2000Associated PressTOKYO (Kyodo) – The government-backed Deposit Insurance Corp. (DIC) has mapped out four conditions for accepting requests from debtors to forgive claims on loans after the transfer of the former Long-Term Credit Bank of Japan (LTCB) and ...
REIT acquired a 50% stake in the mall, which has 2 Mln sf of GLA. It's specialty store sales are $515/sf. Non-cash transaction and assumption of debt.
May 25, 2000Mack-Cali Realty Corp (NYSE:CLI) has leased an additional 66,177 square-feet at Harborside Financial Center in Jersey City, N.J. to DLJdirect.With the additional space, DLJ occupies 270,177 sf at Harborside, which is now 100 percent leased. Though, Mack-Cali would ...
May 24, 2000 Cushman & Wakefield of New Jersey Inc. has promoted several executives, starting with David W. Bernhaut, who was named executive director of the unit's financial services group.Bernhaut, who was promoted from senior director, most recently led a ...
May 11, 2000 NEW YORK – New York Life has agreed to lease the Morris Technology Center, a 257,000-square-foot office property in Parsippany, N.J., that is owned by a venture between Wellsford Real Properties Inc. (AMEX:WRP) and Goldman Sachs' Whitehall ...
May 8, 2000 WEST CONSHOHOCKEN, Pa. – Keystone Property Trust (Amex:KTR) has completed the final leg of a $310 million purchase of industrial properties from Reckson Associates Realty Corp. (NYSE:RA)Keystone paid $91 million for five fully leased properties in central ...
April 18, 2000 JERSEY CITY, N.J. – Mack-Cali Realty Corp. (NYSE:CLI) has closed on the sale of the International Financial Tower here to German investors for $152.5 million, or about $245 per square foot.The buyers consist of a joint venture ...
April 12, 2000 SOMERSET, N.J. – PNC Real Estate Finance has arranged a total of $181.5 million of construction financing for two Northern New Jersey office complexes being developed by SJP Properties of Parsippany, N.J.PNC is leading a group that ...
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