EDISON, NJ- Fresh off Mack-Cali Realty Corp.'s $233 million deal with Keystone Property, furthering the REIT's shift fromoffice to multi-family, CEO Mitchell E. Hersh willshare his market insights as a “Power Panelist” at RealShare NJ in New Brunswick next week. He talked recentlywith GlobeSt.com's Antoinette Martin aboutMack-Cali's latest moves:
GlobeSt.com: Mack-Cali RealtyCorp. has now stockpiled close to $420 million in cash by sellingnon-core office buildings. Are you done with dispositions?
Hersh: For the moment. We have severalmore acquisitions in the pipeline in core markets, and we aremoving forward with a multi-family site in Boston. I amlooking to repurpose several of our undeveloped sites asmulti-family including a couple of excess parking fields at ouroffice buildings.
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