Mack-Cali Realty hosts Economic Symposium

Mack-Cali Realty Corp. hosted a breakfast symposium for members of the New Jersey and New York City commercial real estate brokerage community at its Harborside property on the Jersey City waterfront. The event was organized to inform the audience about the recently signed New Jersey Economic Opportunity Act of 2013. Over 100 brokers gathered to hear an esteemed group of professionals discuss the provisions of the Act and its impact on their collective efforts to retain and attract businesses to NJ. The event was moderated by Mitchell E. Hersh, president and chief executive officer of Mack‑Cali Realty Corporation and chairman and chief executive officer of its Roseland subsidiary, and Carl Goldberg, co‑president of Roseland. The panelists included Tim Lizura, president and chief operating officer of the New Jersey Economic Development Authority (NJEDA), Jay Biggins, executive managing director of Biggins Lacy Shapiro & Company, and Philip F. McGovern, partner of Connell Foley. Tim Lizura of the NJEDA began by explaining, "Everyone is familiar with our BEIP, BRRAG, Urban Transit Hub Tax Credit (UTHTC), ERG, and Grow NJ programs... well this new Act simplifies, streamlines, and synthesizes these into just two - ERG and Grow NJ." Mitchell E. Hersh of Mack-Cali commented, "I'm delighted that we were able to gather this impressive group of professionals to inform the audience in a very topical way, on Tuesday the Board of the New Jersey Economic Development Authority awarded Mack-Cali and our partner Ironstate Development a $33 million tax credit so we can now begin our Harborside URL™ multi-family residential project."