38:
214:
197:
180:
157:
428:
as chair. Gilmartin also served as
Interim Chief Executive Officer prior to the appointment of Mahbod Nia as permanent CEO in March 2021. Nia has served on the company's board since June 2020. Concurrently, Gilmartin stepped down as chair and was replaced by former Lead Independent Director Tammy K.
432:
In
December 2021, the company changed its name to Veris Residential, Inc, reflecting a pivot from office to multifamily residential buildings. In April 2023, the company completed the sale of Harborside 1,2, & 3 in Jersey City for $ 420 million USD, and in 2024 they sold their final office
359:
In 1997, Cali Realty acquired the Robert Martin
Company for $ 211 million in cash and 1,401,225 operating-partnership units, then valued at $ 44 million, and the assumption of $ 185 million of debt. The transaction added 65 properties and 4.1 million square feet to its portfolio, mostly in
1004:
317:
broke ground on
January 15, 2014, with joint venture partner Ironstate Development Company to consist of 3 towers of 69 stories each containing 763 apartments, or 2,359 apartments in total. The first tower, Urby Harborside 1, was topped off in September
1148:
403:
In 2012, the company acquired
Roseland Partners, a property developer in New Jersey, for $ 134.6 million. It was developing the $ 120 million RiverTrace waterfront tower at Port Imperial, which was completed in October 2013.
996:
1099:
776:
1232:
676:
397:
In 1998, the company acquired $ 450 million worth of office properties, which boosted its holdings by 12%. It also bought properties in
Washington D.C. and Maryland and properties in the Southwest.
1315:
1140:
1366:
1414:
868:
1039:
307:, three skyscrapers including the 17th tallest building in Jersey City. When it was completed in 2003, it was the tallest residential building in New Jersey. It is now ranked 26th on the
1404:
454:
944:
410:
In
November 2014, Roseland opened Portside at East Pier in East Boston. The second phase, which includes 550 luxury residences and 70,000 square feet of retail space, opened in 2018.
1174:
623:
556:
967:"Mack-Cali Completes Its Acquisition of the Gale Real Estate Services Company and Interests in 20 New Jersey Office Properties -- Gale President Mark Yeager Named EVP at Mack-Cali"
1069:
1399:
1409:
1288:
345:
During the 1970s and 1980s, Cali
Associates capitalized on increasing population and commerce in New Jersey by building 2.2 million square feet of class A office space.
1206:
1091:
765:
665:
1228:
741:
1262:
400:
In 2006, the company acquired the Gale
Company, a private real estate firm headquartered in New Jersey that owned 2.8 million-square-foot of office buildings.
277:
As of
February 21, 2024, it owned or had interests in 22 apartment complexes, as well as a substantial land bank. With the exception of a few properties in
1311:
501:
906:
966:
383:). The company changed its named to Mack-Cali Realty Corporation. At the time, this merger was the largest real estate investment trust transaction.
853:
308:
1028:
479:
1394:
371:
In December 1997, Cali Realty Corporation completed a $ 1.2 billion merger with Patriot American Office Group and the Mack Company (founded by
342:
In 1969, the company completed construction of its first office building, 14 Commerce Drive, in Cranford Business Park, Cranford, New Jersey.
929:
822:
450:
613:
1170:
548:
356:
of stock, and it changed its name to Cali Realty Corporation, under a management headed by Brant Cali, John R. Cali, and Thomas A. Rizk.
590:
526:
1061:
1337:
1419:
1362:
1122:
1284:
997:"Mack-Cali Realty Corporation To Acquire Real Estate Interests And Development And Management Businesses Of Roseland Partners"
475:
1196:
709:
974:
830:
798:
361:
259:
81:
731:
1258:
493:
414:
391:
353:
263:
109:
62:
891:
902:
161:
304:
145:
766:"Commercial Property/Mack-Cali Realty Corporation; From Two Family Firms, a 'Super-Regional REIT'"
649:
1034:
935:
897:
859:
771:
704:
671:
585:
425:
387:
413:
In 2015, Mitchell E. Rudin became CEO and Michael J. DeMarco became the company's president and
368:. In 2019, Robert Martin re-acquired most of the portfolio from Mack-Cali for $ 487.5 million.
522:
339:
In the 1950s, Cali Associates was a developer of single family homes in northern New Jersey.
579:
314:
278:
206:
17:
1197:"Big win for Jersey City: Mack Cali to move headquarters as it zeroes in on Gold Coast"
940:
864:
618:
349:
48:
37:
1388:
970:
826:
736:
732:"Robert Martin Company Acquires $ 487.5 Million Real Estate Portfolio from Mack-Cali"
380:
376:
282:
56:
666:"Commercial Property/Going Public; A Veteran Realty Company Takes the Market Plunge"
394:(CEO) in 1999. In 2004, he became president of the company in addition to its CEO.
372:
333:
808:
699:
1144:
1095:
1065:
1000:
418:
365:
286:
267:
172:
70:
1141:"Roseland And Massport Celebrate Opening Of Portside at East Pier Building 7"
1092:"Roseland And Massport Celebrate Opening Of Portside at East Pier Building 7"
424:
In June 2020, the company reconstituted its board of directors, electing
1338:"Veris Completes $ 420M Sale of Harborside 1, 2, & 3 in Jersey City"
66:
1201:
803:
321:
271:
854:"COMPANY NEWS; MACK-CALI REALTY TO EXPAND OFFICE PROPERTY HOLDINGS"
549:"Haus25 Completes Construction at 25 Columbus Drive in Jersey City"
189:
1312:"Mack-Cali names new CEO, as Gilmartin steps down as board chair"
1259:"Mack-Cali names new CEO, as Gilmartin steps down as board chair"
292:
The company was formerly known as Mack-Cali Realty Corporation.
407:
In 2013, the company sold 19 Skyline Drive for $ 17.5 million.
236:
135:
614:"John Cali, Co-Founder of Mack-Cali Predecessor, Dies at 95"
1123:"After More than Two Decades Portside at East Pier is Open"
823:"Mack-Cali Realty Corporation Announces Management Changes"
1363:"Veris Completes Transition to Pure-Play Multifamily REIT"
1171:"Mack-Cali Names Mitch Rudin CEO, Mike DeMarco President"
433:
property, completely the shift to residential buildings.
580:"Angelo R. Cali, 91, Founder of Real Estate Trust, Dies"
417:. The same year, the company moved its headquarters to
476:"Veris Residential, Inc. 2022 Form 10-K Annual Report"
332:
The company was founded in 1949 as Cali Associates by
930:"COMPANY NEWS; MACK-CALI ADDS SEVERAL NEW PROPERTIES"
451:"Mack-Cali Names Mahbod Nia Chief Executive Officer"
266:, investing primarily in multifamily real estate in
1229:"Mack-Cali Appoints MaryAnne Gilmartin Board Chair"
231:
221:
204:
187:
170:
151:
141:
126:
116:
105:
87:
77:
54:
44:
1415:Real estate investment trusts of the United States
1027:
928:
890:
852:
764:
664:
578:
300:Notable investments owned by the company include:
494:"The BLVD Collection | Apartments in Jersey City"
1405:Companies listed on the New York Stock Exchange
700:"Westchester Firm Becoming Part of Jersey REIT"
1062:"Mack-Cali Sells Westchester County Property"
8:
30:
1400:Companies based in Jersey City, New Jersey
663:Deutsch, Claudia H. (September 18, 1994).
36:
29:
1410:Real estate companies established in 1997
644:
642:
640:
386:Mitchell E. Hersh became a member of the
348:In August 1994, Cali Associates became a
1026:Martin, Antoinette (November 17, 2011).
379:, William L. Mack, Fredric H. Mack, and
336:, Angelo R. Cali, and Edward Leshowitz.
309:list of tallest buildings in Jersey City
285:, the majority of the properties are in
1195:Brenzel, Kathryn (September 11, 2015).
763:Garbarine, Rachelle (January 4, 1998).
480:U.S. Securities and Exchange Commission
442:
1291:from the original on December 14, 2021
1042:from the original on December 13, 2019
712:from the original on February 22, 2020
593:from the original on December 15, 2018
1285:"Mack-Cali Becomes Veris Residential"
1252:
1250:
1151:from the original on November 9, 2020
1029:"A Rising Rental Market in the North"
612:Arnold, Laurence (February 4, 2014).
27:American real estate investment trust
7:
1369:from the original on August 22, 2024
1102:from the original on August 22, 2024
1007:from the original on August 22, 2024
977:from the original on August 22, 2024
909:from the original on August 22, 2024
833:from the original on August 22, 2024
577:Hevesi, Dennis (December 15, 2006).
1310:Matsuda, Akiko (December 7, 2021).
1209:from the original on April 23, 2019
779:from the original on March 17, 2016
679:from the original on March 17, 2016
1361:Rogers, Jack (February 27, 2024).
1072:from the original on June 21, 2021
698:Holusha, John (February 2, 1997).
25:
1318:from the original on June 6, 2024
1265:from the original on June 6, 2024
1235:from the original on June 6, 2024
1173:. Commercial Real Estate Direct.
1121:Lynds, John (November 19, 2014).
947:from the original on May 27, 2015
871:from the original on May 27, 2015
744:from the original on May 14, 2020
1287:. PRNewswire. December 7, 2021.
213:
212:
196:
195:
179:
178:
156:
155:
1177:from the original on 2016-04-27
652:. Mack-Cali Realty Corporation.
626:from the original on 2014-05-17
559:from the original on 2024-03-18
529:from the original on 2020-01-28
504:from the original on 2024-08-19
457:from the original on 2022-03-07
375:and operated by his four sons:
247:Footnotes / references
1257:Burd, Joshua (March 3, 2021).
1:
1395:1994 initial public offerings
547:Young, Michael (2022-04-27).
1342:New Jersey Business Magazine
1127:East Boston Times Free Press
362:Westchester County, New York
260:real estate investment trust
82:Real estate investment trust
18:Mack-Cali Realty Corporation
93:; 27 years ago
1436:
1261:. Real Estate New Jersey.
1231:. ROI-NJ. June 15, 2020.
892:"Mack-Cali Property Deal"
245:
35:
217:US$ 1.399 billion (2022)
200:US$ 3.920 billion (2022)
1420:Residential real estate
903:Dow Jones & Company
415:chief operating officer
392:chief executive officer
390:in 1997. He became the
354:initial public offering
264:Jersey City, New Jersey
256:Veris Residential, Inc.
110:Jersey City, New Jersey
183:-US$ 52 million (2022)
1147:. November 13, 2014.
1098:. November 13, 2014.
867:. December 15, 2006.
943:. January 14, 1998.
811:on October 28, 2012.
1003:. October 9, 2012.
799:"Mitchell E. Hersh"
305:The BLVD Collection
223:Number of employees
146:Property management
32:
1068:. April 10, 2013.
1035:The New York Times
936:The New York Times
898:The New York Times
860:The New York Times
772:The New York Times
740:. April 19, 2019.
705:The New York Times
672:The New York Times
586:The New York Times
523:"Jersey City Urby"
426:MaryAnne Gilmartin
388:board of directors
1314:. The Real Deal.
1143:(Press release).
1094:(Press release).
1064:(Press release).
999:(Press release).
969:(Press release).
905:. June 16, 1998.
825:(Press release).
650:"Cali Associates"
498:Veris Residential
453:(Press release).
262:headquartered in
253:
252:
132:Mahbod Nia, (CEO)
31:Veris Residential
16:(Redirected from
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973:. May 10, 2006.
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887:
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807:. Archived from
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315:Jersey City Urby
241:
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237:verisresidential
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134:Amanda Lombard,
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829:. May 7, 2004.
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15:
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11:
5:
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1276:
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1187:
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1113:
1083:
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1018:
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958:
941:Bloomberg News
920:
882:
865:Bloomberg News
844:
814:
790:
755:
723:
690:
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636:
619:Bloomberg News
604:
569:
553:New York YIMBY
539:
525:. Iron State.
514:
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350:public company
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49:Public company
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737:Paul Hastings
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389:
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381:David S. Mack
378:
377:Earle I. Mack
374:
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283:Massachusetts
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1371:. Retrieved
1356:
1345:. Retrieved
1341:
1332:
1320:. Retrieved
1305:
1295:December 14,
1293:. Retrieved
1279:
1267:. Retrieved
1237:. Retrieved
1223:
1211:. Retrieved
1200:
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1179:. Retrieved
1165:
1153:. Retrieved
1135:
1126:
1116:
1104:. Retrieved
1086:
1074:. Retrieved
1056:
1046:February 17,
1044:. Retrieved
1033:
1021:
1009:. Retrieved
991:
979:. Retrieved
961:
949:. Retrieved
934:
923:
911:. Retrieved
896:
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873:. Retrieved
858:
847:
835:. Retrieved
817:
809:the original
802:
793:
783:February 17,
781:. Retrieved
770:
758:
746:. Retrieved
735:
726:
714:. Retrieved
703:
693:
683:February 17,
681:. Retrieved
670:
658:
628:. Retrieved
617:
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597:February 17,
595:. Retrieved
584:
572:
561:. Retrieved
552:
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531:. Retrieved
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506:. Retrieved
497:
488:
470:
459:. Retrieved
445:
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409:
406:
402:
399:
396:
385:
373:H. Bert Mack
370:
358:
347:
344:
341:
338:
334:John J. Cali
331:
299:
291:
276:
255:
254:
246:
207:Total equity
190:Total assets
106:Headquarters
45:Company type
1365:. GlobeSt.
1145:PR Newswire
1096:PR Newswire
1066:PR Newswire
1001:PR Newswire
419:Jersey City
366:Connecticut
352:through an
296:Investments
164:355 million
118:Area served
71:S&P 600
1389:Categories
1347:2024-08-22
1181:2016-04-14
630:2017-03-08
563:2024-08-16
533:2020-03-20
508:2024-08-16
461:2022-03-07
437:References
287:New Jersey
268:New Jersey
227:215 (2022)
173:Net income
128:Key people
1213:April 23,
1155:March 20,
1106:March 20,
1076:March 20,
1011:March 20,
981:March 20,
951:March 20,
913:March 20,
875:March 20,
837:March 20,
748:March 20,
716:March 20,
122:Northeast
73:component
57:Traded as
1367:Archived
1316:Archived
1289:Archived
1263:Archived
1233:Archived
1207:Archived
1175:Archived
1149:Archived
1100:Archived
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