WEEHAWKEN, NJ AND BOSTON, MA—Mack-Cali Realty Corp. Roseland Residential Trust Port Imperial Hudson River Waterfront Port Imperial Roseland Andover Place Signature Place at Morris Plains, Andrew Marshall Roseland Mack-Cali/Roseland Roseland Port Imperial, Weehawken, New Jersey - The buyout of its partner's interests in five Port Imperial waterfront development parcels, including RiverHouse 11, currently in construction.
- The buyout of its partner's interests in Port Imperial South 4/5 Garage and Retail, increasing Roseland's ownership to 70 percent.
- Acquired its majority partner's interest in the 175-apartment Portside at East Pier 7 on the East Boston Waterfront, thereby increasing Roseland's interest to 85 percent. Subsequently, the company acquired its historical joint venture partners' interest in East Pier 7, as well as the remaining Portside development parcels. Roseland is now the 100 percent owner of the operating East Pier 7 (175 apartment homes), Portside 5/6 (296 apartment homes currently in construction), and the future rights of Portside 1- 4 (160 apartment homes). The cost of the combined acquisitions was approximately $39 million.
- Weehawken, NJ: Sale of the company's subordinate interest in RiversEdge at Port Imperial (236 apartment homes) and RiverParc at Port Imperial (280 apartment homes) for a total of approximately $6.4 million.
- Andover, MA: Entered into a contract to sell the 220-apartment home Andover Place for approximately $40.5 million. The company anticipates closing the disposition in August.
WEEHAWKEN, NJ AND BOSTON, MA—Mack-Cali Realty Corp. Roseland Residential Trust Port Imperial Hudson River Waterfront Port Imperial Roseland Andover Place Signature Place at Morris Plains, Andrew Marshall Roseland Mack-Cali/Roseland Roseland Port Imperial, Weehawken, New Jersey - The buyout of its partner's interests in five Port Imperial waterfront development parcels, including RiverHouse 11, currently in construction.
- The buyout of its partner's interests in Port Imperial South 4/5 Garage and Retail, increasing Roseland's ownership to 70 percent.
- Acquired its majority partner's interest in the 175-apartment Portside at East Pier 7 on the East Boston Waterfront, thereby increasing Roseland's interest to 85 percent. Subsequently, the company acquired its historical joint venture partners' interest in East Pier 7, as well as the remaining Portside development parcels. Roseland is now the 100 percent owner of the operating East Pier 7 (175 apartment homes), Portside 5/6 (296 apartment homes currently in construction), and the future rights of Portside 1- 4 (160 apartment homes). The cost of the combined acquisitions was approximately $39 million.
- Weehawken, NJ: Sale of the company's subordinate interest in RiversEdge at Port Imperial (236 apartment homes) and RiverParc at Port Imperial (280 apartment homes) for a total of approximately $6.4 million.
- Andover, MA: Entered into a contract to sell the 220-apartment home Andover Place for approximately $40.5 million. The company anticipates closing the disposition in August.
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