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Mack-Cali CEO Criticizes $1.8 Billion Buyout Offer

But New Jersey REIT That's Been Selling Suburban Office Portfolio Is Open to Proposals
Mack-Cali Realty has narrowed its portfolio to office and multifamily properties on the Hudson River waterfront, such as Harborside 5 at 185 Hudson St. in Jersey City. It is the building with the reflective exterior. (CoStar)
Mack-Cali Realty has narrowed its portfolio to office and multifamily properties on the Hudson River waterfront, such as Harborside 5 at 185 Hudson St. in Jersey City. It is the building with the reflective exterior. (CoStar)
CoStar News
February 27, 2020 | 9:32 P.M.

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Mack-Cali Realty CEO Michael DeMarco on Thursday blasted a $1.8 billion offer to acquire the real estate firm but said, despite that rejection, the company is "100% open" to a potential sale.

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News | Mack-Cali CEO Criticizes $1.8 Billion Buyout Offer