CLI - Mergers and acquisitions

JERSEY CITY, N.J., Dec. 7, 2021 /PRNewswire/ -- Mack-Cali Realty Corporation (NYSE:CLI) today announced that it has rebranded to Veris Residential, Inc. reflecting the company's new strategic direction and corporate values as it transitions into a pure-play multifamily REIT and seeks to generate long-term value for shareholders. The company will continue to be publicly traded on the New York Stock Exchange and will do so under its new name and new ticker symbol, VRE, effective as of December 10, 2021. Over the past several months, Mack-Cali has made significant progress in achieving its strategic objectives of simplifying its business, strengthening its bal

Company continues calculated expansion in Northern NJ with off-market deal in affluent Short Hills submarket The Birch Group, a privately-held commercial real estate investor, owner and operator, today announced the $255-million acquisition of a prominent four-building portfolio in Short Hills, N.J. The off-market acquisition comes on the heels of the company's recent $77-million portfolio purchase in Morristown, and further cements its focus on acquiring prime value-add office assets across the suburbs of Northern N.J. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20210420006010/en/51 John F. Kennedy Parkway, Short Hills, NJ (Ph

JERSEY CITY, N.J., March 30, 2021 /PRNewswire/ -- Mack-Cali Realty Corporation (NYSE: CLI) today announces the sale of its Metropark portfolio, located in Edison and Iselin NJ, for $254 million to Opal Holdings. The disposition, comprising four office buildings containing 945,906 square feet, represents one of the largest suburban office transactions this year and continues to demonstrate strong execution of Mack-Cali's strategy of divesting its suburban office assets, signaling a strong start to 2021. The company plans to use the sales proceeds to pay down its unsecured corporate debt during the second quarter of 2021. "This sale marks a key milestone in our strategy to sell non-core suburb

NEW YORK, Dec. 14, 2020 /PRNewswire/ -- Elliott Associates, L.P. and Elliott International, L.P. (together, "Elliott"), which together have made a substantial investment in the common stock and economic equivalents of Public Storage (the "Company" or "PSA"), today announced in a letter that it privately nominated six trustee candidates to the PSA Board last week. Continue Reading The PSA Growth Opportunity Tweet this Total Shareholder Return Analysis Annual Total Shareholder Return Ranking of Self-Storage Companies Public Storage Relative Market Share Over Time Invested Capital Growth vs. TSR O