EDISON, NJ—Mack-Cali Realty Corporation's CEO Mitchell Rudin says it will refocus the company over the next three years, with a greater concentration of investment in multifamily and mixed-use properties serving the urban waterfront and transit-oriented markets. President Michael DeMarco says the firm will also reduce its investment in office properties to a select portfolio of class A assets.

CHICAGO—Arvind Chary tells GlobeSt.com that the recent $85 million sale of a South Loop student housing tower shows their original vision was a success.

NEW YORK CITY— “Lack of access to the public unsecured bond markets is forcing potential first-time REIT issuers to consider alternative sources of capital,” says Fitch Ratings' Steven Marks.