Continue Reading Add comment March 30th, 2009
Mack-Cali Realty Corp. announced that in the first quarter of 2009 it has leased over 45,000 square feet at Mack-Cali Centre II, located at 650 From Road in Paramus, N.J. Tenants include B/E Aerospace Inc., RBC Capital Markets Corp., and Harsco Corp.
Continue Reading Add comment March 30th, 2009
Continuing its quest to increase liquidity and reduce debt through the sale of non-core assets in Orange County, Calif., office landlord Maguire Properties Inc. has just taken another step in its disposition program. The struggling Los Angeles-based REIT, whose financial woes first began to surface soon after its $3 billion acquisition of a former Equity Office Properties Trust portfolio from Blackstone Real Estate Advisors two years ago, has closed the $22 million sale of an 86,000-square-foot office building in Irvine to building tenant Allergan Inc.
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