RiverParc at Port Imperial, Weehawken, NJ 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.

East Boston, Massachusetts

  • 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.

Roseland

  • 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.

Michael J. DeMarco Mack-Cali Roseland Steady gains in the US economy have resulted in net positives for the multifamily sector—will this wave continue for the foreseeable future? What's driving development and capital flows? Join us at RealShare Apartments on October 19 & 20 for impactful information from the leaders in the National multifamily space. Learn more. RiverParc at Port Imperial, Weehawken, NJ 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.

East Boston, Massachusetts

  • 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.

Roseland

  • 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.

Michael J. DeMarco Mack-Cali Roseland Steady gains in the US economy have resulted in net positives for the multifamily sector—will this wave continue for the foreseeable future? What's driving development and capital flows? Join us at RealShare Apartments on October 19 & 20 for impactful information from the leaders in the National multifamily space. Learn more.

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Steve Lubetkin

Steve Lubetkin is the New Jersey and Philadelphia editor for GlobeSt.com. He is currently filling in covering Chicago and Midwest markets until a new permanent editor is named. He previously filled in covering Atlanta. Steve’s journalism background includes print and broadcast reporting for NJ news organizations. His audio and video work for GlobeSt.com has been honored by the Garden State Journalists Association, and he has also been recognized for video by the New Jersey Chapter of the Society of Professional Journalists. He has produced audio podcasts on CRE topics for the NAR Commercial Division and the CCIM Institute. Steve has also served (from August 2017 to March 2018) as national broadcast news correspondent for CEOReport.com, a news website focused on practical advice for senior executives in small- and medium-sized companies. Steve also reports on-camera and covers conferences for NJSpotlight.com, a public policy news coverage website focused on New Jersey government and industry; and for clients of StateBroadcastNews.com, a division of The Lubetkin Media Companies LLC. Steve has been the computer columnist for the Jewish Community Voice of Southern New Jersey, since 1996. Steve is co-author, with Toronto-based podcasting pioneer Donna Papacosta, of the book, The Business of Podcasting: How to Take Your Podcasting Passion from the Personal to the Professional. You can email Steve at [email protected].