Mack-Cali Leaving California
Stock quotes in this article:
CLI
Real estate investment trust Mack-Cali Realty(CLI Quote) said that it sold its 50% ownership in Convention Plaza, San Francisco.
The Edison, N.J.-based company added that the building was sold to an entity related to Adco Group for $82 million. Mack-Cali is also under contract to sell its remaining two assets in San Francisco to Westcore Properties for an aggregate price of $126 million, the company added. With these sales, Mack-Cali will exit California markets. Shares of the company were up 7 cents, or 0.14%, at $48.59 Tuesday.- Loading Comments...
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