X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

MONTCLAIR, NJ-Developer John J. Cali donated $5 million to Montclair State University, and yesterday trustees of the institution voted to name the university’s fledgling music school after him. The John J. Cali School of Music will be located in the existing Chapin Hall in what school officials call the first university-based music school in New Jersey.

“In recognition of the generosity and sustained support shown to Montclair State by the Cali family, we’re honored to place his name on a school that the Cali family has ensured will open the door to a first-rate education for young musicians,” university president Dr. Susan A. Cole said at yesterday’s announcement.

John Cali co-founded Cali Associates, a real estate development company, in 1949. In 1994, Cali Realty Corp. became a publicly traded company with Cali as chairman/CEO, and three years later the company merged with the Mack Co. to form Mack-Cali Realty Corp., now based in Cranford, NJ. Cali’s wife Rose is a Montclair State grad and a member of the university’s board of trustees and Cali himself was a professional musician before turning his efforts to real estate.

The existing Chapin Hall is currently undergoing a $17 million renovation. The 53,000-sf building is also being expanded with the addition of a 250-seat recital hall. The $5 million donation by Cali will largely go toward scholarships, with $4 million specifically designated for that purpose. The remaining $1 million will go toward establishing a new professorship.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

Dig Deeper

 

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt
Live Chat

Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.