Investors have closed on their $3.5 billion acquisition of Veris Residential Inc., bringing the company private after its multiyear overhaul of a once-sprawling portfolio.
Mack-Cali Realty Corp. has turned down an offer of more than $2.4 billion for its top waterfront and suburban office buildings, citing a “grossly inadequate” valuation from a group that is now moving to gain a majority position on its board.
