John J. Cali | |
---|---|
Born | August 8, 1918 Tercio, Colorado |
Died | February 1, 2014 Indian Wells, California |
(aged 95)
Residence | Montclair, New Jersey |
Nationality | United States |
Education | B.A. Indiana University |
Occupation | real estate developer |
Known for | co-founder of Mack-Cali Realty Corporation |
Spouse(s) | Spouse1 (divorced) Renee Cali (deceased) Rose C. Cali |
Children | 5 |
John J. Cali (born August 8, 1918 - February 1, 2014) was an American real estate developer.
Cali was born Tercio, Colorado in Las Animas County, a coal mining town and raised in Passaic, New Jersey, the son of an Italian immigrant miner. He graduated from Clifton High School. He worked his way through college by playing saxophone and clarinet in jazz and swing bands eventually graduating from Indiana University with a B.A. in sociology and psychology. After school he worked for the Western Electric Company and in 1949, he co-founded Cali Associates with his brother, Angelo R. Cali and a friend, Edward Leshowitz. Cali initially focused on residential properties building over 5,500 housing units in New Jersey before expanding into the development of commercial buildings in 1969. In 1989, he built the International Financial Center in Jersey City. In 1994, the company went public as a real estate investment trust under the name Cali Realty Corporation, creating the first office REIT in New Jersey; he served as its chairman from 1994 until its 1997 merger with the Mack Company (founded by H. Bert Mack and then operated by his four sons Fredric H. Mack, David S. Mack, Earle I. Mack, and William L. Mack) creating Mack-Cali Realty Corporation, the largest office-property owner in New Jersey. He retired in 2000. Cali also was a co-founder of Cali Futures, which focuses on real estate investment projects in New Jersey.
In 2008, Cali donated $5 million to Montclair State University to fund a school of music known as the John J. Cali School of Music. Cali served as president of the Office Developers Association of New Jersey. In 1996, he received the Ellis Island Medal of Honor.