**FORM      10-Q**

**QUARTERLY      REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE **
**SECURITIES      EXCHANGE ACT OF 1934**

**TRANSITION      REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE **
**SECURITIES      EXCHANGE ACT OF 1934**

**Mack-Cali        Realty, L.P.**

| Delaware                                                                      | 22-3315804                                          |
|-------------------------------------------------------------------------------|-----------------------------------------------------|
| (State                or other jurisdiction of incorporation or organization) | (I.R.S.                Employer Identification No.) |

| 343                Thornall Street, Edison, New Jersey  | 08837-2206                |
|---------------------------------------------------------|---------------------------|
| (Address                of principal executive offices) | (Zip                Code) |

| Indicate                by check mark whether the registrant (1) has filed all reports required                to                be filed by Section 13 or 15(d) of the Securities Exchange Act of                1934                during the preceding 12 months (or for such shorter period that the                registrant was required to file such reports), and (2) has been subject                to                such filing requirements for the past ninety (90) days. YES X                  NO                ___  |
|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| Indicate                by check mark whether the registrant is a large accelerated filer,                an                accelerated filer or a non-accelerated filer. See definition of                “accelerated filer and large accelerated filer” in Rule 12b-2 of the                Exchange Act. (Check One): Large                accelerated filer X Accelerated                filer ___ Non-accelerated                filer ___ |
|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| Indicate                by check mark whether the registrant is a shell company (as defined                in                Rule 12b-2 of the Exchange Act). YES___ NO X |
|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   |
|--------|

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**MACK-CALI      REALTY, L.P.**

**FORM      10-Q**

**INDEX**

| **Part                I**  | **Financial                Information** |                                                                                                                                     | **Page**                 |
|----------------------------|------------------------------------------|------------------------------------------------------------------------------------------------------------------------------------------|--------------------------|
|                       |                                     |                                                                                                                                     |                     |
|                       | Item                1.                   | Financial                Statements *(unaudited):*                                                                                       |                     |
|                       |                                     |                                                                                                                                     |                     |
|                       |                                     | Consolidated                Balance Sheets as of March 31, 2007 and December 31, 2006                                                    |                  4  |
|                       |                                     |                                                                                                                                     |                     |
|                       |                                     | Consolidated                Statements of Operations for the three months ended March 31, 2007                and                2006    |                  5  |
|                       |                                     |                                                                                                                                     |                     |
|                       |                                     | Consolidated                Statement of Changes in Partners' Capital for the three months                ended March 31, 2007 |                  6  |
|                       |                                     |                                                                                                                                     |                     |
|                       |                                     | Consolidated                Statements of Cash Flows for the three months ended March 31, 2007                and                2006    |                  7  |
|                       |                                     |                                                                                                                                     |                     |
|                       |                                     | Notes                to Consolidated Financial Statements                                                                                | 8-35                     |
|                       |                                     |                                                                                                                                     |                     |
|                       |                                     |                                                                                                                                     |                     |
|                       |                                     |                                                                                                                                     |                     |
|                       |                                     |                                                                                                                                     |                     |
|                       |                                     |                                                                                                                                     |                     |
|                       | Item                2.                   | Management’s                Discussion and Analysis of Financial Condition and Results of                Operations                | 36-50                    |
|                       |                                     |                                                                                                                                     |                     |
|                       |                                     |                                                                                                                                     |                     |
|                       | Item                3.                   | Quantitative                and Qualitative Disclosures About Market Risk                                                                |                  50 |
|                       |                                     |                                                                                                                                     |                     |
|                       | Item              4.                     | Controls                and Procedures                                                                                                   |                  51 |
|                       |                                     |                                                                                                                                     |                     |
| **Part                II** | **Other                Information**     |                                                                                                                                     |                     |
|                       |                                     |                                                                                                                                     |                     |
|                       | Item                1.                   | Legal                Proceedings                                                                                                         |                  52 |
|                       |                                     |                                                                                                                                     |                     |
|                       | Item                1A.                  | Risk                Factors                                                                                                              |                  52 |
|                       |                                     |                                                                                                                                     |                     |
|                       | Item                2.                   | Unregistered                Sales of Equity Securities and Use of Proceeds                                                               |                  53 |
|                       |                                     |                                                                                                                                     |                     |
|                       | Item                3.                   | Defaults                Upon Senior Securities                                                                                           |                  53 |
|                       |                                     |                                                                                                                                     |                     |
|                       | Item                4.                   | Submission                of Matters to a Vote of Security Holders                                                                       |                  53 |
|                       |                                     |                                                                                                                                     |                     |
|                       | Item                5.                   | Other                Information                                                                                                         |                  53 |
|                       |                                     |                                                                                                                                     |                     |
|                       | Item                6.                   | Exhibits                                                                                                                                 |                  53 |
|                       |                                     |                                                                                                                                     |                     |
|                       | **Signatures**                           |                                                                                                                                     |                  54 |
|                       |                                     |                                                                                                                                     |                     |
|                       | **Exhibit                Index**         |                                                                                                                                     | 55-68                    |

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**MACK-CALI      REALTY, L.P.**

**Part      I - Financial Information**

**Item      1.**
**Financial      Statements**

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**MACK-CALI      REALTY, L.P. AND SUBSIDIARIES**

**CONSOLIDATED      BALANCE SHEETS **
*(in      thousands, except per unit amounts) (unaudited)*

|  **ASSETS**                                                                                                        |   | March                31,2007 |      | December                31,2006 |   |
|-------------------------------------------------------------------------------------------------------------------------|--------|------------------------------|-----------|---------------------------------|--------|
| Rental                property                                                                                          |   |                         |      |                            |   |
| Land                and leasehold interests                                                                             |   | $                            | 656,514   |                            | $      | 659,169 |   |
| Buildings                and improvements                                                                               |   |                         | 3,523,319 |                            |   | 3,549,699 |   |
| Tenant                improvements                                                                                      |   |                         | 347,141   |                            |   | 356,495 |   |
| Furniture,                fixtures and equipment                                                                        |   |                         | 8,388     |                            |   | 8,224 |   |
|                                                                                                                    |   |                         | 4,535,362 |                            |   | 4,573,587 |   |
| Less                - accumulated depreciation and amortization                                                         |   |                         | (802,196  | )                               |   | (796,793 | ) |
|                                                                                                                    |   |                         | 3,733,166 |                            |   | 3,776,794 |   |
| Rental                property held for sale, net                                                                       |   |                         | 30,333    |                            |   | -- |   |
| Net                investment in rental property                                                                        |   |                         | 3,763,499 |                            |   | 3,776,794 |   |
| Cash                and cash equivalents                                                                                |   |                         | 150,171   |                            |   | 101,223 |   |
| Investments                in unconsolidated joint ventures                                                             |   |                         | 168,861   |                            |   | 160,301 |   |
| Unbilled                rents receivable, net                                                                           |   |                         | 104,934   |                            |   | 100,847 |   |
| Deferred                charges and other assets, net                                                                   |   |                         | 244,196   |                            |   | 240,637 |   |
| Restricted                cash                                                                                          |   |                         | 16,288    |                            |   | 15,448 |   |
| Accounts                receivable, net of allowance for doubtful accounts                                              |   |                         |      |                            |   |   |   |
| of                $2,486 and $1,260                                                                                     |   |                         | 25,454    |                            |   | 27,639 |   |
|                                                                                                                    |   |                         |      |                            |   |   |   |
| Total                assets                                                                                             |   | $                            | 4,473,403 |                            | $      | 4,422,889 |   |
|                                                                                                                    |   |                         |      |                            |   |   |   |
| **LIABILITIES                AND PARTNERS’ CAPITAL**                                                              |   |                         |      |                            |   |   |   |
| Senior                unsecured notes                                                                                   |   | $                            | 1,631,748 |                            | $      | 1,631,482 |   |
| Revolving                credit facility                                                                                |   |                         | --        |                            |   | 145,000 |   |
| Mortgages,                loans payable and other obligations                                                           |   |                         | 364,269   |                            |   | 383,477 |   |
| Distributions                payable                                                                                    |   |                         | 53,651    |                            |   | 50,591 |   |
| Accounts                payable, accrued expenses and other liabilities                                                 |   |                         | 119,969   |                            |   | 122,134 |   |
| Rents                received in advance and security deposits                                                          |   |                         | 49,546    |                            |   | 45,972 |   |
| Accrued                interest payable                                                                                 |   |                         | 18,457    |                            |   | 34,106 |   |
| Total                liabilities                                                                                        |   |                         | 2,237,640 |                            |   | 2,412,762 |   |
|                                                                                                                    |   |                         |      |                            |   |   |   |
| Minority                interest in consolidated joint ventures                                                         |   |                         | 1,879     |                            |   | 2,117 |   |
|                                                                                                                    |   |                         |      |                            |   |   |   |
| Commitments                and contingencies                                                                            |   |                         |      |                            |   |   |   |
|                                                                                                                    |   |                         |      |                            |   |   |   |
| **Partners’                capital:**                                                                             |   |                         |      |                            |   |   |   |
| General                Partner, 10,000 and 10,000 preferred units outstanding                                           |   |                         | 24,836    |                            |   | 24,836 |   |
| General                Partner, 67,847,852 and 62,925,191 common units                outstanding                       |   |                         | 1,738,778 |                            |   | 1,503,071 |   |
| Limited                partners, 15,200,761 and 15,342,283 common units                outstanding                      |   |                         | 470,270   |                            |   | 480,103 |   |
| Total                partners’ capital                                                                            |   |                         | 2,233,884 |                            |   | 2,008,010 |   |
|                                                                                                                    |   |                         |      |                            |   |   |   |
| Total                liabilities and partners’ capital                                                            |   | $                            | 4,473,403 |                            | $      | 4,422,889 |   |
|                                                                                                                    |   |                         |      |                            |   |   |   |
|                                                                                                                    |   |                         |      |                            |   |   |   |
| *The                accompanying notes are an integral part of these consolidated financial                statements.* |

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**MACK-CALI      REALTY, L.P. AND SUBSIDIARIES**

**CONSOLIDATED      STATEMENTS OF OPERATIONS**
*(in      thousands, except per unit amounts) (unaudited)*

|                                                                                                                    |   | Three                Months Ended |    |
|-------------------------------------------------------------------------------------------------------------------------|--------|-----------------------------------|---------|
|                                                                                                                    |   | March                31,          |    |
| **REVENUES**                                                                                                            |   | 2007                              |    | 2006 |   |
| Base                rents                                                                                               |   | $                                 | 140,034 |   | $ | 127,975 |   |
| Escalations                and recoveries from tenants                                                                  |   |                              | 26,225  |   |   | 21,003 |   |
| Construction                services                                                                                    |   |                              | 22,341  |   |   | -- |   |
| Real                estate services                                                                                     |   |                              | 2,741   |   |   | 628 |   |
| Other                income                                                                                             |   |                              | 2,398   |   |   | 2,789 |   |
| Total                revenues                                                                                           |   |                              | 193,739 |   |   | 152,395 |   |
|                                                                                                                    |   |                              |    |   |   |   |   |
| **EXPENSES**                                                                                                            |   |                              |    |   |   |   |   |
| Real                estate taxes                                                                                        |   |                              | 23,519  |   |   | 20,816 |   |
| Utilities                                                                                                               |   |                              | 17,558  |   |   | 14,468 |   |
| Operating                services                                                                                       |   |                              | 24,766  |   |   | 20,260 |   |
| Direct                construction costs                                                                                |   |                              | 20,911  |   |   | -- |   |
| General                and administrative                                                                               |   |                              | 11,071  |   |   | 8,775 |   |
| Depreciation                and amortization                                                                            |   |                              | 41,514  |   |   | 36,578 |   |
| Total                expenses                                                                                           |   |                              | 139,339 |   |   | 100,897 |   |
| Operating                Income                                                                                         |   |                              | 54,400  |   |   | 51,498 |   |
|                                                                                                                    |   |                              |    |   |   |   |   |
| **OTHER                (EXPENSE) INCOME**                                                                               |   |                              |    |   |   |   |   |
| Interest                expense                                                                                         |   |                              | (30,936 | ) |   | (31,075 | ) |
| Interest                and other investment income                                                                     |   |                              | 1,617   |   |   | 1,445 |   |
| Equity                in earnings (loss) of unconsolidated joint ventures                                               |   |                              | (2,231  | ) |   | 247 |   |
| Minority                interest in consolidated joint ventures                                                         |   |                              | 227     |   |   | -- |   |
| Gain                on sale of investment in marketable securities                                                      |   |                              | --      |   |   | 15,060 |   |
| Total                other (expense) income                                                                             |   |                              | (31,323 | ) |   | (14,323 | ) |
| Income                from continuing operations                                                                        |   |                              | 23,077  |   |   | 37,175 |   |
| Discontinued                operations:                                                                                 |   |                              |    |   |   |   |   |
| Income                from discontinued operations                                                                      |   |                              | 325     |   |   | 3,457 |   |
| Net                income                                                                                               |   |                              | 23,402  |   |   | 40,632 |   |
| Preferred                unit distributions                                                                             |   |                              | (500    | ) |   | (500 | ) |
| Net                income available to common unitholders                                                               |   | $                                 | 22,902  |   | $ | 40,132 |   |
|                                                                                                                    |   |                              |    |   |   |   |   |
| **Basic                earnings per common unit:**                                                                      |   |                              |    |   |   |   |   |
| Income                from continuing operations                                                                        |   | $                                 | 0.28    |   | $ | 0.48 |   |
| Discontinued                operations                                                                                  |   | $                                 | --      |   |   | 0.05 |   |
| Net                income available to common unitholders                                                               |   | $                                 | 0.28    |   | $ | 0.53 |   |
|                                                                                                                    |   |                              |    |   |   |   |   |
| **Diluted                earnings per common unit:**                                                                    |   |                              |    |   |   |   |   |
| Income                from continuing operations                                                                        |   | $                                 | 0.28    |   | $ | 0.48 |   |
| Discontinued                operations                                                                                  |   | $                                 | --      |   |   | 0.04 |   |
| Net                income available to common unitholders                                                               |   | $                                 | 0.28    |   | $ | 0.52 |   |
|                                                                                                                    |   |                              |    |   |   |   |   |
| Distributions                declared per common unit                                                                   |   | $                                 | 0.64    |   | $ | 0.63 |   |
|                                                                                                                    |   |                              |    |   |   |   |   |
| Basic                weighted average units outstanding                                                                 |   |                              | 80,982  |   |   | 76,318 |   |
|                                                                                                                    |   |                              |    |   |   |   |   |
| Diluted                weighted average units outstanding                                                               |   |                              | 81,234  |   |   | 76,642 |   |
|                                                                                                                    |   |                              |    |   |   |   |   |
|                                                                                                                    |   |                              |    |   |   |   |   |
| *The                accompanying notes are an integral part of these consolidated financial                statements.* |

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**MACK-CALI      REALTY, L.P. AND SUBSIDIARIES**

**CONSOLIDATED      STATEMENT OF CHANGES IN PARTNERS’ CAPITAL **
*(in      thousands) (unaudited)*

|                                                                                                                    | General   | General | Limited  | General     | General     | Limited     |            |
|-------------------------------------------------------------------------------------------------------------------------|-----------|---------|----------|-------------|-------------|-------------|-----------------|
|                                                                                                                    | Partner   | Partner | Partners | Partner     | Partner     | Partners    | Total           |
|                                                                                                                    | Preferred | Common  | Common   | Preferred   | Common      | Common      | Partners’ |
|                                                                                                                    | Units     | Units   | Units    | Unitholders | Unitholders | Unitholders | Capital         |
| Balance                at January 1, 2007                                                                               | 10        | 62,925  | 15,342   | $24,836     | $1,503,071  | $480,103    | $2,008,010      |
| Net                income                                                                                               | --        | --      | --       | 500         | 18,579      | 4,323       | 23,402          |
| Distributions                                                                                                           | --        | --      | --       | (500)       | (43,423)    | (9,728)     | (53,651)        |
| General                Partner Common                                                                                   |      |    |     |        |        |        |            |
| Stock                offering                                                                                           | --        | 4,650   | --       | --          | 251,732     | --          | 251,732         |
| Redemption                of limited                                                                                    |      |    |     |        |        |        |            |
| partners                common units                                                                                    |      |    |     |        |        |        |            |
| for                shares of                                                                                            |      |    |     |        |        |        |            |
| common                stock                                                                                             | --        | 142     | (142)    | --          | 4,428       | (4,428)     | --              |
| Units                issued under Dividend                                                                              |      |    |     |        |        |        |            |
| Reinvestment                and Stock                                                                                   |      |    |     |        |        |        |            |
| Purchase                Plan                                                                                            | --        | 1       | --       | --          | 67          | --          | 67              |
| Contributions                - proceeds                                                                                 |      |    |     |        |        |        |            |
| from                stock options                                                                                       |      |    |     |        |        |        |            |
| exercised                                                                                                               | --        | 117     | --       | --          | 3,347       | --          | 3,347           |
| Stock                options expense                                                                                    | --        | --      | --       | --          | 33          | --          | 33              |
| Directors                Deferred                                                                                       |      |    |     |        |        |        |            |
| compensation                plan                                                                                        | --        | --      | --       | --          | 79          | --          | 79              |
| Issuance                of restricted stock                                                                             |      |    |     |        |        |        |            |
| awards                                                                                                                  | --        | 13      | --       | --          | --          | --          | --              |
| Amortization                of stock                                                                                    |      |    |     |        |        |        |            |
| compensation                                                                                                            | --        | --      | --       | --          | 865         | --          | 865             |
|                                                                                                                    |      |    |     |        |        |        |            |
| Balance                at March 31, 2007                                                                                | 10        | 67,848  | 15,200   | $24,836     | $1,738,778  | $470,270    | $2,233,884      |
|                                                                                                                    |      |    |     |        |        |        |            |
|                                                                                                                    |      |    |     |        |        |        |            |
| *The                accompanying notes are an integral part of these consolidated financial                statements.* |

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**MACK-CALI      REALTY, L.P. AND SUBSIDIARIES**

**CONSOLIDATED      STATEMENTS OF CASH FLOWS **
*(in      thousands) (unaudited)*

|                                                                                                                    |   | Three                Months Ended |     |
|-------------------------------------------------------------------------------------------------------------------------|--------|-----------------------------------|----------|
|                                                                                                                    |   | March                31,          |     |
| **CASH                FLOWS FROM OPERATING ACTIVITIES**                                                                 |   | 2007                              |     | 2006 |   |
| Net                income                                                                                               |   | $                                 | 23,402   |   | $ | 40,632 |   |
| Adjustments                to reconcile net income to net cash provided by                                              |   |                              |     |   |   |   |   |
| operating                activities:                                                                                    |   |                              |     |   |   |   |   |
| Depreciation                and amortization                                                                            |   |                              | 41,514   |   |   | 36,578 |   |
| Depreciation                and amortization on discontinued operations                                                 |   |                              | 343      |   |   | 3,064 |   |
| Stock                options expense                                                                                    |   |                              | 33       |   |   | 37 |   |
| Amortization                of stock compensation                                                                       |   |                              | 865      |   |   | 693 |   |
| Amortization                of deferred financing costs and debt discount                                               |   |                              | 708      |   |   | 721 |   |
| Equity                in (earnings) losses of unconsolidated joint ventures, net                                        |   |                              | 2,231    |   |   | (247 | ) |
| Gain                on sale of marketable securities available for sale                                                 |   |                              |     |   |   | (15,060 | ) |
| Minority                interest in consolidated joint venture                                                          |   |                              | (227     | ) |   | -- |   |
| Changes                in operating assets and liabilities:                                                             |   |                              |     |   |   |   |   |
| Increase                in unbilled rents receivable, net                                                               |   |                              | (4,087   | ) |   | (6,183 | ) |
| Increase                in deferred charges and other assets, net                                                       |   |                              | (13,576  | ) |   | (6,802 | ) |
| Decrease                (increase) in accounts receivable, net                                                          |   |                              | 2,185    |   |   | (333 | ) |
| (Decrease)                increase in accounts payable, accrued expenses and other                liabilities           |   |                              | (2,165   | ) |   | 2,698 |   |
| Increase                in rents received in advance and security deposits                                              |   |                              | 3,574    |   |   | 4,475 |   |
| Decrease                in accrued interest payable                                                                     |   |                              | (15,649  | ) |   | (8,020 | ) |
|                                                                                                                    |   |                              |     |   |   |   |   |
| Net                cash provided by operating activities                                                                |   | $                                 | 39,151   |   | $ | 52,253 |   |
|                                                                                                                    |   |                              |     |   |   |   |   |
| **CASH                FLOWS FROM INVESTING ACTIVITIES**                                                                 |   |                              |     |   |   |   |   |
| Additions                to rental property and related intangibles                                                     |   | $                                 | (19,000  | ) | $ | (35,312 | ) |
| Repayments                of notes receivable                                                                           |   |                              | 41       |   |   | 39 |   |
| Investment                in unconsolidated joint ventures                                                              |   |                              | (10,801  | ) |   | (779 | ) |
| Purchase                of marketable securities available for sale                                                     |   |                              | --       |   |   | (11,912 | ) |
| Proceeds                from sale of marketable securities available for sale                                           |   |                              | --       |   |   | 78,609 |   |
| Increase                in restricted cash                                                                              |   |                              | (840     | ) |   | (4,792 | ) |
|                                                                                                                    |   |                              |     |   |   |   |   |
| Net                cash (used in) provided by investing activities                                                      |   | $                                 | (30,600  | ) | $ | 25,853 |   |
|                                                                                                                    |   |                              |     |   |   |   |   |
| **CASH                FLOWS FROM FINANCING ACTIVITIES**                                                                 |   |                              |     |   |   |   |   |
| Proceeds                from senior unsecured notes                                                                     |   |                              | --       |   | $ | 199,914 |   |
| Borrowings                from revolving credit facility                                                                |   | $                                 | 76,000   |   |   | 223,750 |   |
| Repayment                of revolving credit facility                                                                   |   |                              | (221,000 | ) |   | (358,750 | ) |
| Repayment                of mortgages, loans payable and other obligations                                              |   |                              | (19,091  | ) |   | (148,509 | ) |
| Payment                of financing costs                                                                               |   |                              | --       |   |   | (384 | ) |
| Proceeds                from offering of Common Stock                                                                   |   |                              | 251,732  |   |   | -- |   |
| Proceeds                from stock options exercised                                                                    |   |                              | 3,347    |   |   | 5,259 |   |
| Payment                of distributions                                                                                 |   |                              | (50,591  | ) |   | (48,178 | ) |
|                                                                                                                    |   |                              |     |   |   |   |   |
| Net                cash provided by (used in) financing activities                                                      |   | $                                 | 40,397   |   | $ | (126,898 | ) |
|                                                                                                                    |   |                              |     |   |   |   |   |
| Net                increase (decrease) in cash and cash equivalents                                                     |   | $                                 | 48,948   |   | $ | (48,792 | ) |
| Cash                and cash equivalents, beginning of period                                                           |   | $                                 | 101,223  |   |   | 60,397 |   |
|                                                                                                                    |   |                              |     |   |   |   |   |
| Cash                and cash equivalents, end of period                                                                 |   | $                                 | 150,171  |   | $ | 11,605 |   |
|                                                                                                                    |   |                              |     |   |   |   |   |
|                                                                                                                    |   |                              |     |   |   |   |   |
| *The                accompanying notes are an integral part of these consolidated financial                statements.* |   |                              |     |   |   |   |   |

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**MACK-CALI      REALTY, L.P. AND SUBSIDIARIES**

**NOTES      TO CONSOLIDATED FINANCIAL STATEMENTS **
*(unaudited)*

| **1.  ** | **ORGANIZATION                AND BASIS OF                PRESENTATION** |
|--------------------|--------------------------------------------------------------------------|

**ORGANIZATION**

**BASIS      OF PRESENTATION**

| **2.  ** | **SIGNIFICANT                ACCOUNTING POLICIES** |
|--------------------|----------------------------------------------------|

***Rental***

| ***Property*** | Rental                properties are stated at cost less accumulated depreciation and                amortization. Costs directly related to the acquisition, development                and                construction of rental properties are capitalized. Capitalized development                and construction costs include pre-construction costs essential to                the                development of the property, development and construction costs,                interest,                property taxes, insurance, salaries and other project costs incurred                during the period of development. Included in total rental property                is                construction and development in-progress of $130,950,000 and $116,151,000                (including land of $64,405,000 and $63,136,000) as of March 31, 2007                and                December 31, 2006, respectively. Ordinary repairs and maintenance                are                expensed as incurred; major replacements and betterments, which improve                or                extend the life of the asset, are capitalized and depreciated over                their                estimated useful lives. Fully-depreciated assets are removed from                the                accounts. |
|----------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

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| Leasehold                interests               | Remaining                lease term           |
|--------------------------------------------------|-----------------------------------------------|
| Buildings                and improvements        | 5                to 40 years                  |
| Tenant                improvements               | The                shorter of the term of the |
|                                             | related                lease or useful life   |
| Furniture,                fixtures and equipment | 5                to 10 years                  |

----

***Rental      Property***

***Held      for Sale and***

***Discontinued***

| ***Operations*** | When                assets are identified by management as held for sale, the Operating                Partnership discontinues depreciating the assets and estimates the                sales                price, net of selling costs, of such assets. If, in management’s opinion,                the estimated net sales price of the assets which have been identified                as                held for sale is less than the net book value of the assets, a valuation                allowance is established. Properties identified as held for sale                and/or                sold are presented in discontinued operations for all periods presented.                See Note 6: Discontinued                Operations. |
|------------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

***Investments      in***

***Unconsolidated***

| ***Joint                Ventures*** | The                Operating Partnership accounts for its investments in unconsolidated                joint                ventures for which Financial Accounting Standards Board (“FASB”)                Interpretation No. 46 (revised December 2003), Consolidation of Variable                Interest Entities (“FIN 46”) does not apply under the equity method of                accounting as the Operating Partnership exercises significant influence,                but does not control these entities.*** ***                These investments are recorded initially at cost, as Investments                in                Unconsolidated Joint Ventures, and subsequently adjusted for equity                in                earnings and cash contributions and                distributions. |
|-------------------------------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | FIN                46 provides guidance on the identification of entities for which                control                is achieved through means other than voting rights (“variable interest                entities” or “VIEs”) and the determination of which business enterprise,                if any, should consolidate the VIE (the “primary beneficiary”). Generally,                FIN 46 applies when either (1) the equity investors (if any) lack                one or                more of the essential characteristics of a controlling financial                interest,                (2) the equity investment at risk is insufficient to finance that                entity’s                activities without additional subordinated financial support or (3)                the                equity investors have voting rights that are not proportionate to                their                economic interests and the activities of the entity involve or are                conducted on behalf of an investor with a disproportionately small                voting                interest. |
|--------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

***Cash      and Cash***

| ***Equivalents*** | All                highly liquid investments with a maturity of three months or less                when                purchased are considered to be cash                equivalents. |
|-------------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

***Marketable***

| ***Securities*** | The                Operating Partnership classifies its marketable securities among                three                categories: Held-to-maturity, trading and available-for-sale. Unrealized                holding gains and losses relating to available-for-sale securities                are                excluded from earnings and reported as other comprehensive income                (loss)                in stockholders’ equity until realized. A decline in the market value of                any marketable security below cost that is deemed to be other than                temporary results in a reduction in the carrying amount to fair value.                Any                impairment would be charged to earnings and a new cost basis for                the                security established. |
|------------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

***Deferred***

| ***Financing                Costs*** | Costs                incurred in obtaining financing are capitalized and amortized on                a                straight-line basis, which approximates the effective interest method,                over the term of the related indebtedness. Amortization of such costs                is                included in interest expense and was $708,000 and $721,000 for the                three                months ended March 31, 2007 and 2006,                respectively. |
|--------------------------------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

***Deferred***

| ***Leasing                Costs*** | Costs                incurred in connection with leases are capitalized and amortized                on a                straight-line basis over the terms of the related leases and included                in                depreciation and amortization. Unamortized deferred leasing costs                are                charged to amortization expense upon early termination of the lease.                Certain employees of the Operating Partnership are compensated for                providing leasing services to the Properties. The portion of such                compensation, which is capitalized and amortized, approximated $1,137,000                and $849,000 for the three months ended March 31, 2007 and 2006,                respectively. |
|------------------------------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

***Derivative***

| ***Instruments*** | The                Operating Partnership measures derivative instruments, including                certain                derivative instruments embedded in other contracts, at fair value                and                records them as an asset or liability, depending on the Operating                Partnership’s rights or obligations under the applicable derivative                contract. For derivatives designated and qualifying as fair value                hedges,                the changes in the fair value of both the derivative instrument and                the                hedged item are recorded in earnings. For derivatives designated                as cash                flow hedges, the effective portions of the derivative are reported                in                other comprehensive income (“OCI”) and are subsequently reclassified into                earnings when the hedged item affects earnings. Changes in fair value                of                derivative instruments not designated as hedging and ineffective                portions                of hedges are recognized in earnings in the affected                period. |
|-------------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

***Revenue***

| ***Recognition*** | Base                rental revenue is recognized on a straight-line basis over the terms                of                the respective leases.*** ***                Unbilled rents receivable represents the amount by which straight-line                rental revenue exceeds rents currently billed in accordance with                the lease                agreements. Above-market and below-market lease values for acquired                properties are recorded based on the present value (using a discount                rate                which reflects the risks associated with the leases acquired) of                the                difference between (i) the contractual amounts to be paid pursuant                to each                in-place lease and (ii) management’s estimate of fair market lease rates                for each corresponding in-place lease, measured over a period equal                to the                remaining term of the lease for above-market leases and the initial                term                plus the term of any below-market fixed-rate renewal options for                below-market leases. The capitalized above-market lease values for                acquired properties are amortized as a reduction of base rental revenue                over the remaining term of the respective leases, and the capitalized                below-market lease values are amortized as an increase to base rental                revenue over the remaining initial terms plus the terms of any                below-market fixed-rate renewal options of the respective leases.                Escalations and recoveries from tenants are received from tenants                for                certain costs as provided in the lease agreements. These costs generally                include real estate taxes, utilities, insurance, common area maintenance                and other recoverable costs. See Note 14: Tenant Leases. Construction                services revenue includes fees earned and reimbursements received                by the                Operating Partnership for providing construction management and general                contractor services to clients. Construction services revenue is                recognized on the percentage of completion method. Using this method,                profits are recorded on the basis of estimates of the overall profit                and                percentage of completion of individual contracts. A portion of the                estimated profits is accrued based upon estimates of the percentage                of                completion of the construction contract. This revenue recognition                method                involves inherent risks relating to profit and cost estimates. Real                estate                services revenue includes property management, facilities management,                leasing commission fees and other services, and payroll and related                costs                reimbursed from clients. Other income includes income from parking                spaces                leased to tenants, income from tenants for additional services arranged                for by the Operating Partnership and income from tenants for early                lease                terminations. |
|-------------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

***Allowance      for***

| ***Doubtful                Accounts*** | Management                periodically performs a detailed review of amounts due from tenants                and                clients to determine if accounts receivable balances are impaired                based on                factors affecting the collectibility of those balances. Management’s                estimate of the allowance for doubtful accounts requires management                to                exercise significant judgment about the timing, frequency and severity                of                collection losses, which affects the allowance and net                income. |
|----------------------------------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

***Income      and***

| ***Other                Taxes*** | The                  Operating Partnership is a partnership and, as a result, all income                  and                  losses of the partnership are allocated to the partners for inclusion                  in                  their respective income tax returns. Accordingly, no provision                  or benefit                  for income taxes has been made in the accompanying financial                  statements. |
|----------------------------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

***Earnings***

| ***Per                Unit*** | The                Operating Partnership presents both basic and diluted earnings per                unit                (“EPU”). Basic EPU excludes dilution and is computed by dividing net                income available to common unitholders by the weighted average number                of                units outstanding for the period. Diluted EPU reflects the potential                dilution that could occur if securities or other contracts to issue                common                units were exercised or converted into common units, where such exercise                or conversion would result in a lower EPU                amount. |
|-------------------------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

***Distributions***

| ***Payable*** | The                distributions payable at March 31, 2007 represents distributions                payable                to preferred unitholders (10,000 Series C preferred units) and common                unitholders (83,048,773 common units), for all such holders of record                as                of April 4, 2007 with respect to the first quarter 2007. The first                quarter                2007 Series C preferred units distributions of $50.00 per preferred                unit                and common unit distributions of $0.64 per common unit were approved                by                the Corporation’s Board of Directors on March 13, 2007. The preferred unit                distributions and common unit distributions payable were paid on                April 16,                2007. |
|---------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

***Costs      Incurred For***

| ***Stock                Issuances*** | Costs                incurred in connection with the Corporation’s stock issuances are                reflected as a reduction of General Partner’s                capital. |
|--------------------------------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

***Stock***

| ***Compensation*** | The                Operating Partnership accounts for stock options and restricted stock                awards granted prior to 2002 using the intrinsic value method prescribed                in Accounting Principles Board Opinion No. 25, “Accounting for Stock                Issued to Employees,” and related Interpretations (“APB No. 25”). Under                APB No. 25, compensation cost for stock options is measured as the                excess,                if any, of the quoted market price of the Corporation’s stock at the date                of grant over the exercise price of the option granted. Compensation                cost                for stock options is recognized ratably over the vesting period.                The                Corporation’s policy is to grant options with an exercise price equal to                the quoted closing market price of the Corporation’s stock on the business                day preceding the grant date. Accordingly, no compensation cost has                been                recognized under the Corporation’s stock option plans for the granting of                stock options made prior to 2002. Restricted stock awards granted                prior to                2002 are valued at the vesting dates of such awards with compensation                cost                for such awards recognized ratably over the vesting                period. |
|--------------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

***Other***

***Comprehensive***

| ***Income*** | Other                comprehensive income (loss) includes items that are recorded in equity,                such as unrealized holding gains or losses on marketable securities                available for sale. |
|--------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ***Reclassifications*** | Certain                reclassifications have been made to prior period amounts in order                to                conform with current period                presentation. |
|-------------------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| **3.  ** | **REAL                ESTATE TRANSACTIONS** |
|--------------------|---------------------------------------------|

| **4.  ** | **INVESTMENTS                IN UNCONSOLIDATED JOINT                VENTURES** |
|--------------------|--------------------------------------------------------------------------------|

**MEADOWLANDS      XANADU**

----

**G&G      MARTCO (Convention Plaza)**

----

**PLAZA      VIII AND IX ASSOCIATES, L.L.C.**

**RAMLAND      REALTY ASSOCIATES L.L.C. (One Ramland Road)**

**SOUTH      PIER AT HARBORSIDE - HOTEL DEVELOPMENT**

**RED      BANK CORPORATE PLAZA L.L.C./RED BANK CORPORATE PLAZA II,      L.L.C.**

----

**MACK-GREEN-GALE      LLC**

| (i)   | 99                percent of Mack-Green’s share of the profits and losses from 10 specific                OP LP Properties allocable to the Operating Partnership and one percent                allocable to SL Green; |
|-----------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (ii)   | one                percent of Mack-Green’s share of the profits and losses from eight                specific OP LP Properties and its minor interest in four office properties                allocable to the Operating Partnership and 99 percent allocable to                SL                Green; and |
|------------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (iii)   | 50                percent of all other profits and losses allocable to the Operating                Partnership and 50 percent allocable to SL Green. |
|-------------------|-------------------------------------------------------------------------------------------------------------------------------------------------------|

**GE/GALE      FUNDING LLC (PFV)**

----

**ROUTE      93 MASTER LLC (“Route 93 Participant”)/ROUTE 93 BEDFORD MASTER LLC (with the      Route 93 Participant, collectively, the “Route 93      Venture”)**

**GALE      KIMBALL, L.L.C. **

** **

** **
** **

----

| (i)   | first,                to JPM, such that JPM is provided with an annual 12 percent compound                preferred return on Preferred Equity Capital Contributions (as such                term                is defined in the operating agreement of 100 Kimball and largely                comprised                of development and construction                costs); |
|-----------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (ii)   | second,                to JPM, as return of Preferred Equity Capital Contributions until                complete                repayment of such Preferred Equity Capital Contributions; |
|------------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (iii)   | third,                to each of JPM and Gale Kimball in proportion to their respective                membership interests until each member is provided, as a result of                such                distributions, with an annual twelve percent compound return on the                Member’s Capital Contributions (as defined in the operating agreement of                100 Kimball, and excluding Preferred Equity Capital Contributions,                if                any); and |
|-------------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (iv)   | fourth,                50 percent to each of JPM and Gale                Kimball. |
|------------------|-----------------------------------------------------------------------------------|

**55      CORPORATE PARTNERS, LLC**

** **
** **
** **

**12      VREELAND ASSOCIATES, L.L.C. **

** **

----

**BOSTON-FILENES**

**NKFGMS      OWNERS, LLC**

----

**SUMMARIES      OF UNCONSOLIDATED JOINT VENTURES**

*(dollars      in thousands)*

|                                                                        | March                31, 2007 |
|-----------------------------------------------------------------------------|-------------------------------|
|                                                                        | Plaza                         |   |   | Red                Bank | Mack- | Princeton |   |   |   |   |   | NKFGMS |   |
|                                                                        | VIII                & IX  | Ramland | Harborside | Corporate | Green- | Forrestal | Route                93 | Gale | 55 | 12 | Boston- | Owners | Combined |
|                                                                        | Associates                    | Realty | South                Pier | Plaza | Gale | Village | Portfolio | Kimball | Corporate | Vreeland | Filenes | LLC | Total |
| **Assets:**                                                                 |                          |   |   |   |   |   |   |   |   |   |   |   |   |
| Rental                property, net                                         | $                11,250       | $                11,992 | $                67,819 | $                17,751 | $                479,024 | $                41,255 | $                58,343 | $                27,860 | $                17,000 | $                8,154 | -- | $                242 | $                740,690 |
| Other                assets                                                 | 1,625                         | 825 | 11,486 | 2,089 | 72,453 | 28,419 | 5,721 | 654 | -- | 887 | $                49,545 | 5,452 | 179,156 |
| Total                assets                                                 | $                12,875       | $                12,817 | $                79,305 | $                19,840 | $                551,477 | $                69,674 | $                64,064 | $                28,514 | $                17,000 | $                9,041 | $                49,545 | $                5,694 | $                919,846 |
| **Liabilities                and partners’/members’ capital**   |                          |   |   |   |   |   |   |   |   |   |   |   |   |
| **(deficit):**                                                              |                          |   |   |   |   |   |   |   |   |   |   |   |   |
| Mortgages,                loans payable and other obligations               | --                            | $                14,906 | $                77,012 | $                12,694 | $                359,348 | $                52,800 | $                39,435 | $                16,710 | -- | $                9,922 | -- | -- | $                582,827 |
| Other                liabilities                                            | $                529          | 409 | 3,288 | 23 | 36,125 | 7,224 | 1,072 | -- | -- | -- | $                139 | $                4,622 | 53,431 |
| Partners’/members’                capital (deficit)             | 12,346                        | (2,498) | (995) | 7,123 | 156,004 | 9,650 | 23,557 | 11,804 | $                17,000 | (881) | 49,406 | 1,072 | 283,588 |
| Total                liabilities and partners’/members’ capital |                          |   |   |   |   |   |   |   |   |   |   |   |   |
| (deficit)                                                                   | $                12,875       | $                12,817 | $                79,305 | $                19,840 | $                551,477 | $                69,674 | $                64,064 | $                28,514 | $                17,000 | $                9,041 | $                49,545 | $                5,694 | $                919,846 |
|                                                                        |                          |   |   |   |   |   |   |   |   |   |   |   |   |
| Operating                Partnership’s investment in                  |                          |   |   |   |   |   |   |   |   |   |   |   |   |
| unconsolidated                joint ventures, net                           | $                6,093        | -- | -- | $                3,713 | $                118,684 | $                2,429 | $                5,754 | $                1,032 | $                8,500 | $                7,251 | $                14,976 | $                429 | $                168,861 |

|                                                                        | December                31, 2006 |
|-----------------------------------------------------------------------------|----------------------------------|
|                                                                        | Plaza                            |   |   | Red                Bank | Mack- | Princeton |   |   |   |   |   | NKFGMS |   |
|                                                                        | VIII                & IX     | Ramland | Harborside | Corporate | Green- | Forrestal | Route                93 | Gale | 55 | 12 | Boston- | Owners | Combined |
|                                                                        | Associates                       | Realty | South                Pier | Plaza | Gale | Village | Portfolio | Kimball | Corporate | Vreeland | Filenes | LLC | Total |
| **Assets:**                                                                 |                             |   |   |   |   |   |   |   |   |   |   |   |   |
| Rental                property, net                                         | $                11,404          | $                12,141 | $                69,303 | $                12,462 | $                480,867 | $                37,825 | $                48,699 | $                26,601 | $                17,000 | $                8,221 | -- | $                239 | $                724,762 |
| Other                assets                                                 | 1,408                            | 841 | 11,170 | 3,309 | 76,897 | 25,025 | 5,916 | 654 | -- | 909 | $                10,500 | 2,638 | 139,267 |
| Total                assets                                                 | $                12,812          | $                12,982 | $                80,473 | $                15,771 | $                557,764 | $                62,850 | $                54,615 | $                27,255 | $                17,000 | $                9,130 | $                10,500 | $                2,877 | $                864,029 |
| **Liabilities                and partners’/members’ capital**   |                             |   |   |   |   |   |   |   |   |   |   |   |   |
| **(deficit):**                                                              |                             |   |   |   |   |   |   |   |   |   |   |   |   |
| Mortgages,                loans payable and other obligations               | --                               | $                14,936 | $                77,217 | $                8,673 | $                358,063 | $                47,761 | $                34,413 | $                15,350 | -- | $10,253 | -- | -- | $                566,666 |
| Other                liabilities                                            | $                532             | 257 | 4,944 | 8 | 39,497 | 4,839 | 587 | -- | -- | -- | -- | $                1,329 | 51,993 |
| Partners’/members’                capital (deficit)             | 12,280                           | (2,211) | (1,688) | 7,090 | 160,204 | 10,250 | 19,615 | 11,905 | $                17,000 | (1,123) | $                10,500 | 1,548 | 245,370 |
| Total                liabilities and partners’/members’ capital |                             |   |   |   |   |   |   |   |   |   |   |   |   |
| (deficit)                                                                   | $                12,812          | $                12,982 | $                80,473 | $                15,771 | $                557,764 | $                62,850 | $                54,615 | $                27,255 | $                17,000 | $                9,130 | $                10,500 | $                2,877 | $                864,029 |
| Operating                Partnership’s investment in                  |                             |   |   |   |   |   |   |   |   |   |   |   |   |
| unconsolidated                joint ventures, net                           | $                6,060           | -- | -- | $                3,647 | $                119,061 | $                2,560 | $                6,669 | $                1,024 | $                8,500 | $                7,130 | $                5,250 | $                400 | $                160,301 |

----

**SUMMARIES      OF UNCONSOLIDATED JOINT VENTURES**

*(dollars      in thousands)*

|                                      | Three                Months Ended March 31, 2007 |
|-------------------------------------------|--------------------------------------------------|
|                                      |                                             |   | Plaza |   |   | Red                Bank | Mack- | Princeton |   |   |   |   |   | NKFGMS |   |
|                                      | Meadowlands                                      | G&G | VIII                & IX | Ramland | Harborside | Corporate | Green- | Forrestal | Route                93 | Gale | 55 | 12 | Boston- | Owners | Combined |
|                                      | Xanadu                                           | Martco | Associates | Realty | South                Pier | Plaza | Gale | Village | Portfolio | Kimball | Corporate | Vreeland | Filenes | LLC | Total |
| Total                revenues             | --                                               | -- | $                259 | $                526 | $                8,938 | -- | $                16,440 | $                2,868 | $                325 | -- | -- | $                524 | $                326 | $                8,990 | $                39,196 |
| Operating                and              |                                             |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| other                expenses             | --                                               | -- | (39) | (374) | (5,563) | -- | (7,442) | (1,631) | (888) | $                (9) | -- | (19) | (261) | (8,918) | (25,144) |
| Depreciation                and           |                                             |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| amortization                              | --                                               | -- | (154) | (175) | (1,478) | -- | (6,735) | (751) | (1,624) | -- | -- | (88) | -- | -- | (11,005) |
| Interest                expense           | --                                               | -- | -- | (264) | (1,203) | -- | (6,624) | (1,106) | (732) | (93) | -- | (175) | -- | -- | (10,197) |
|                                      |                                             |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Net                income                 | --                                               | -- | $                66 | $                (287) | $                694 | -- | $                (4,361) | $                (620) | $                (2,919) | $                (102) | -- | $                242 | $                65 | $                72 | $                (7,150) |
| Operating                                 |                                             |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Partnership’s                equity |                                             |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| in                earnings (loss)         |                                             |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| of                unconsolidated          |                                             |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| joint                ventures             | --                                               | -- | $                33 | -- | $                347 | -- | $                (1,736) | $                (132) | $                (904) | $                (8) | -- | $                121 | $                19 | $                29 | $                (2,231) |

|                                      | Three                Months Ended March 31, 2006 |
|-------------------------------------------|--------------------------------------------------|
|                                      |                                             |   | Plaza |   |   | Red                Bank | Mack- | Princeton |   |   |   |   |   | NKFGMS |   |
|                                      | Meadowlands                                      | G&G | VIII                & IX | Ramland | Harborside | Corporate | Green- | Forrestal | Route                93 | Gale | 55 | 12 | Boston- | Owners | Combined |
|                                      | Xanadu                                           | Martco | Associates | Realty | South                Pier | Plaza | Gale | Village | Portfolio | Kimball | Corporate | Vreeland | Filenes | LLC | Total |
| Total                revenues             | --                                               | $1,869 | $                126 | $                512 | $                7,829 | -- | -- | -- | -- | -- | -- | -- | -- | -- | $                10,336 |
| Operating                and              |                                             |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| other                expenses             | --                                               | (902) | (42) | (340) | (4,885) | -- | -- | -- | -- | -- | -- | -- | -- | -- | (6,169) |
| Depreciation                and           |                                             |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| amortization                              | --                                               | (355) | (154) | (188) | (1,449) | -- | -- | -- | -- | -- | -- | -- | -- | -- | (2,146) |
| Interest                expense           | --                                               | (725) | -- | (236) | (950) | -- | -- | -- | -- | -- | -- | -- | -- | -- | (1,911) |
|                                      |                                             |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Net                income                 | --                                               | $                (113) | $                (70) | $                (252) | $                545 | -- | -- | -- | -- | -- | -- | -- | -- | -- | $                110 |
| Operating                                 |                                             |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Partnership’s                equity |                                             |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| in                earnings (loss)         |                                             |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| of                unconsolidated          |                                             |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| joint                ventures             | --                                               | $                10 | $                (35) | -- | $                272 | -- | -- | -- | -- | -- | -- | -- | -- | -- | $                247 |

----

| **5.  ** | **DEFERRED                CHARGES AND OTHER                ASSETS** |
|--------------------|---------------------------------------------------------------------|

|                                                                             | March                  31, | December                  31, |
|----------------------------------------------------------------------------------|----------------------------|-------------------------------|
| *(dollars                  in thousands)*                                        | 2007                       | 2006                          |
| Deferred                  leasing costs                                          | $181,994                   | $184,175                      |
| Deferred                  financing costs                                        | 21,252                     | 21,252                        |
|                                                                             | 203,246                    | 205,427                       |
| Accumulated                  amortization                                        | (74,448)                   | (76,407)                      |
| Deferred                  charges, net                                           | 128,798                    | 129,020                       |
| Notes                  receivable                                                | 11,728                     | 11,769                        |
| In-place                  lease values, related intangible and other assets, net | 53,014                     | 58,495                        |
| Prepaid                  expenses and other assets, net                          | 50,656                     | 41,353                        |
|                                                                             |                       |                          |
| Total                  deferred charges and other assets, net                    | $244,196                   | $240,637                      |

| **6.  ** | **DISCONTINUED                OPERATIONS** |
|--------------------|--------------------------------------------|

*(dollars      in thousands)*

|                                                     |   | Three                Months Ended |
|----------------------------------------------------------|--------|-----------------------------------|
|                                                     |   | March                31,          |
|                                                     |   |                              | 2007 | 2006 |
| Total                revenues                            |   |                              | $1,731 | $                11,647 |
| Operating                and other expenses              |   |                              | (715) | (4,778) |
| Depreciation                and amortization             |   |                              | (343) | (3,064) |
| Interest                expense (net of interest income) |   |                              | (348) | (348) |
|                                                     |   |                              |   |   |
| Income                from discontinued operations       |   |                              | $                325 | $                3,457 |

----

| **7.  ** | **SENIOR                UNSECURED NOTES** |
|--------------------|-------------------------------------------|

*(dollars      in thousands)*

|                                                                                                                                                                                                                       | March                31, | December                31, | Effective               |
|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------------------------|-----------------------------|-------------------------|
|                                                                                                                                                                                                                       | 2007                     | 2006                        | Rate                (1) |
| 7.250%                Senior Unsecured Notes, due March 15, 2009                                                                                                                                                           | $                299,540 | $                299,481    | 7.49%                   |
| 5.050%                Senior Unsecured Notes, due April 15, 2010                                                                                                                                                           | 149,833                  | 149,819                     | 5.27%                   |
| 7.835%                Senior Unsecured Notes, due December 15, 2010                                                                                                                                                        | 15,000                   | 15,000                      | 7.95%                   |
| 7.750%                Senior Unsecured Notes, due February 15, 2011                                                                                                                                                        | 299,338                  | 299,295                     | 7.93%                   |
| 5.250%                Senior Unsecured Notes, due January 15, 2012                                                                                                                                                         | 99,064                   | 99,015                      | 5.46%                   |
| 6.150%                Senior Unsecured Notes, due December 15, 2012                                                                                                                                                        | 92,104                   | 91,981                      | 6.89%                   |
| 5.820%                Senior Unsecured Notes, due March 15, 2013                                                                                                                                                           | 25,447                   | 25,420                      | 6.45%                   |
| 4.600%                Senior Unsecured Notes, due June 15, 2013                                                                                                                                                            | 99,822                   | 99,815                      | 4.74%                   |
| 5.125%                Senior Unsecured Notes, due February 15, 2014                                                                                                                                                        | 201,648                  | 201,708                     | 5.11%                   |
| 5.125%                Senior Unsecured Notes, due January 15, 2015                                                                                                                                                         | 149,279                  | 149,256                     | 5.30%                   |
| 5.800%                Senior Unsecured Notes, due January 15, 2016                                                                                                                                                         | 200,673                  | 200,692                     | 5.81%                   |
|                                                                                                                                                                                                                       |                     |                        |                    |
| Total                Senior Unsecured Notes                                                                                                                                                                                | $1,631,748               | $1,631,482                  |                    |
|                                                                                                                                                                                                                       |                     |                        |                    |
| (1) Includes                the cost of terminated treasury lock agreements (if any), offering                and                other transaction costs and the discount on the notes, as                applicable. |

| **8.  ** | **UNSECURED                REVOLVING CREDIT                FACILITY** |
|--------------------|-----------------------------------------------------------------------|

| **Operating                Partnership’s**                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            | **Interest                Rate -**         |                            |
|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------------------------------------------|---------------------------------|
| **Unsecured                Debt Ratings:**                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  | **Applicable                Basis Points** | **Facility                Fee** |
| **S&P                Moody’s/Fitch (a)**                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          | **Above                LIBOR**             | **Basis                Points** |
| No                ratings or less than BBB-/Baa3/BBB-                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       | 112.5                                      | 25.0                            |
| BBB-/Baa3/BBB-                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              | 80.0                                       | 20.0                            |
| BBB/Baa2/BBB                (current)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       | 65.0                                       | 15.0                            |
| BBB+/Baa1/BBB+                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              | 55.0                                       | 15.0                            |
| A-/A3/A-                or higher                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           | 50.0                                       | 15.0                            |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |                                       |                            |
| (a) If                the Operating Partnership has debt ratings from two rating agencies,                one                of which is Standard & Poor’s Rating Services (“S&P”) or Moody’s                Investors Service (“Moody’s”), the rates per the above table shall be                based on the lower of such ratings. If the Operating Partnership                has debt                ratings from three rating agencies, one of which is S&P or Moody’s,                the rates per the above table shall be based on the lower of the                two                highest ratings. If the Operating Partnership has debt ratings from                only                one agency, it will be considered to have no rating or less than                BBB-/Baa3/BBB- per the above table. |

----

**SUMMARY**

| **9.  ** | **MORTGAGES,                LOANS PAYABLE AND OTHER                OBLIGATIONS** |
|--------------------|----------------------------------------------------------------------------------|

----

*(dollars      in thousands)*

|                                                                |                                               | **Effective**               | **Principal                Balance at** |                            |
|---------------------------------------------------------------------|----------------------------------------------------|-----------------------------|-----------------------------------------|---------------------------------|
|                                                                |                                               | **Interest**                | **March****31,**                        | **December                31,** |   |
| **Property                Name**                                    | **Lender**                                         | **Rate                (a)** | **2007**                                | **2006**                        | **Maturity** |
| Mack-Cali                Airport                                    | Allstate                Life Insurance Co.         | 7.05%                       | --                                      | $                9,422          | (b) |
| 6303                Ivy Lane                                        | State                Farm Life Insurance Co.       | 5.57%                       | --                                      | 6,020                           | (c) |
| 6404                Ivy Lane                                        | TIAA                                               | 5.58%                       | $                13,509                 | 13,665                          | 08/01/08 |
| Assumed                obligations                                  | Various                                            | 4.91%                       | 35,666                                  | 38,742                          | 05/01/09                (d) |
| Various                (e)                                          | Prudential                Insurance                | 4.84%                       | 150,000                                 | 150,000                         | 01/15/10 |
| 105                Challenger Road                                  | Archon                Financial CMBS               | 6.24%                       | 18,803                                  | 18,748                          | 06/06/10 |
| 2200                Renaissance Boulevard                           | TIAA                                               | 5.89%                       | 17,727                                  | 17,819                          | 12/01/12 |
| Soundview                Plaza                                      | TIAA                                               | 6.02%                       | 17,906                                  | 18,013                          | 01/01/13 |
| 9200                Edmonston Road                                  | Principal                Commercial Funding L.L.C. | 5.53%                       | 5,198                                   | 5,232                           | 05/01/13 |
| 6305                Ivy Lane                                        | John                Hancock Life Insurance Co.     | 5.53%                       | 7,239                                   | 7,285                           | 01/01/14 |
| 395                West Passaic                                     | State                Farm Life Insurance Co.       | 6.00%                       | 12,898                                  | 12,996                          | 05/01/14 |
| 6301                Ivy Lane                                        | John                Hancock Life Insurance Co.     | 5.52%                       | 6,780                                   | 6,821                           | 07/01/14 |
| 35                Waterview Blvd.                                   | Wachovia                CMBS                       | 6.35%                       | 20,259                                  | 20,318                          | 08/11/14 |
| 500                West Putnam Avenue (f)                           | New                York Life Insurance Co.         | 5.57%                       | 25,000                                  | 25,000                          | 01/10/16 |
| 23                Main Street                                       | JP                Morgan CMBS                      | 5.59%                       | 33,284                                  | 33,396                          | 09/01/18 |
|                                                                |                                               |                        |                                    |                            |   |
| Total                mortgages, loans payable and other obligations |                                               | $364,269                    | $383,477                                |                            |

| (a) Reflects                effective rate of debt, including deferred financing costs, comprised                of                the cost of terminated treasury lock agreements (if any), debt initiation                costs and other transaction costs, as applicable. |
|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (b) On                February 5, 2007, the Operating Partnership repaid this mortgage                loan at                par, using available cash.                                                                                                                       |
| (c) On                February 15, 2007, the Operating Partnership repaid this mortgage                loan at                par, using available cash.                                                                                                                      |
| (d) The                obligations mature at various times through May 2009.                                                                                                                                                                                                  |
| (e) Mortgage                is collateralized by seven properties.                                                                                                                                                                                                            |
| (f) Property                securing this mortgage is under contract for sale and is included                in                Rental Property Held For Sale.                                                                                                                 |

**CASH      PAID FOR INTEREST AND INTEREST CAPITALIZED**

**SUMMARY      OF INDEBTEDNESS**

| **10.  ** | **PARTNERS’                CAPITAL** |
|---------------------|--------------------------------------------|

----

**GENERAL      PARTNER:**

**COMMON      STOCK**

**PREFERRED      STOCK**

**REPURCHASE      OF GENERAL PARTNER UNITS**

**STOCK      OPTION PLANS**

----

|                                                           | Shares    | Weighted                      |                                |
|----------------------------------------------------------------|-----------|-------------------------------|-------------------------------------|
|                                                           | Under     | Average                       | Aggregate                Intrinsic  |
|                                                           | Options   | Exercise                Price | Value                $(000’s) |
| Outstanding                at January 1, 2007                  | 690,306   | $29.68                        |                                |
| Exercised                                                      | (116,830) | $28.65                        |                                |
| Outstanding                at March 31, 2007 ($24.63 - $45.47) | 573,476   | $29.89                        | $10,294                             |
| Options                exercisable at March 31, 2007           | 454,196   | $30.27                        | $                8,035              |
| Available                for grant at March 31, 2007           | 4,534,214 | --                            | --                                  |

**STOCK      COMPENSATION**

|                                          |     | Weighted-Average          |
|-----------------------------------------------|----------|---------------------------|
|                                          |     | Grant-Date                |
|                                          | Shares   | Fair                Value |
| Outstanding                at January 1, 2007 | 216,620  | $39.78                    |
| Granted                                       | 13,000   | $52.62                    |
| Vested                                        | (76,409) | $37.22                    |
|                                          |     |                      |
| Outstanding                at March 31, 2007  | 153,211  | $42.15                    |

**DEFERRED      STOCK COMPENSATION PLAN FOR DIRECTORS**

----

**LIMITED      PARTNERS’ CAPITAL:**

**COMMON      UNITS**

**EARNINGS      PER UNIT**

*(dollars      in thousands)*

|                                                                             |   | Three                Months EndedMarch                31, |   |
|----------------------------------------------------------------------------------|--------|-----------------------------------------------------------|--------|
| **Computation                of Basic EPU**                                      |   | 2007                                                      |   | 2006 |   |
| Income                from continuing operations                                 |   | $                                                         | 23,077 |   | $ | 37,175 |   |
| Deduct:                Preferred unit distributions                              |   |                                                      | (500   | ) |   | (500 | ) |
| Income                from continuing operations available to common unitholders |   |                                                      | 22,577 |   |   | 36,675 |   |
| Income                from discontinued operations                               |   |                                                      | 325    |   |   | 3,457 |   |
| Net                income available to common unitholders                        |   | $                                                         | 22,902 |   | $ | 40,132 |   |
|                                                                             |   |                                                      |   |   |   |   |   |
| Weighted                average common units                                     |   |                                                      | 80,982 |   |   | 76,318 |   |
|                                                                             |   |                                                      |   |   |   |   |   |
| **Basic                EPU:**                                                    |   |                                                      |   |   |   |   |   |
| Income                from continuing operations                                 |   | $                                                         | 0.28   |   | $ | 0.48 |   |
| Income                from discontinued operations                               |   |                                                      | --     |   |   | 0.05 |   |
| Net                income available to common unitholders                        |   | $                                                         | 0.28   |   | $ | 0.53 |   |

----

|                                                                             |   | Three                Months EndedMarch                31, |   |
|----------------------------------------------------------------------------------|--------|-----------------------------------------------------------|--------|
| **Computation                of Diluted EPU**                                    |   | 2007                                                      |   | 2006 |   |
| Income                from continuing operations available to common unitholders |   |                                                      | 22,577 |   |   | 36,675 |   |
| Income                from discontinued operations for diluted earnings per unit |   |                                                      | 325    |   |   | 3,457 |   |
| Net                income available to common unitholders                        |   | $                                                         | 22,902 |   | $ | 40,132 |   |
|                                                                             |   |                                                      |   |   |   |   |   |
| Weighted                average common units                                     |   |                                                      | 81,234 |   |   | 76,642 |   |
|                                                                             |   |                                                      |   |   |   |   |   |
| **Diluted                EPU:**                                                  |   |                                                      |   |   |   |   |   |
| Income                from continuing operations                                 |   | $                                                         | 0.28   |   | $ | 0.48 |   |
| Income                from discontinued operations                               |   |                                                      | --     |   |   | 0.04 |   |
| Net                income available to common unitholders                        |   | $                                                         | 0.28   |   | $ | 0.52 |   |

|                                   |   | Three                Months EndedMarch                31, |   |
|----------------------------------------|--------|-----------------------------------------------------------|--------|
|                                   |   | 2007                                                      |   | 2006 |   |
| Basic                EPU units         |   |                                                      | 80,982 |   |   | 76,318 |   |
| Add: Stock                options |   |                                                      | 252    |   |   | 324 |   |
| Diluted                EPU Units       |   |                                                      | 81,234 |   |   | 76,642 |   |

**11.**
**CONSOLIDATED      JOINT VENTURES**

| **12.  ** | **EMPLOYEE                BENEFIT 401(k) PLANS** |
|---------------------|--------------------------------------------------|

----

| **13.  ** | **COMMITMENTS                AND CONTINGENCIES** |
|---------------------|--------------------------------------------------|

**TAX      ABATEMENT AGREEMENTS**

**LITIGATION**

**OPERATING      LEASE AGREEMENTS**

*(dollars      in thousands)*

| Year   | Amount |
|--------|--------|
| 2007   | 268    |
| 2008   | 68     |
| 2009   | 16     |
| 2010   | 3      |
|   |   |
| Total  | $355   |

**GROUND      LEASE AGREEMENTS**

*(dollars      in thousands)*

| Year                             | Amount     |
|----------------------------------|------------|
| 2007                             | $ 381 |
| 2008                             | 486        |
| 2009                             | 501        |
| 2010                             | 501        |
| 2011                             | 501        |
| 2012                through 2084 | 35,454     |
|                             |       |
| Total                            | $37,824    |

----

**OTHER      **

| **14.  ** | **TENANT                LEASES** |
|---------------------|----------------------------------|

*(dollars      in thousands)*

| Year                               | Amount                   |
|------------------------------------|--------------------------|
| 2007                               | $                415,174 |
| 2008                               | 522,677                  |
| 2009                               | 475,183                  |
| 2010                               | 420,510                  |
| 2011                               | 353,218                  |
| 2012                and thereafter | 1,048,898                |
|                               |                     |
| Total                              | $3,235,660               |

| **15.  ** | **SEGMENT                REPORTING** |
|---------------------|--------------------------------------|

----

*(dollars      in thousands)*

|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            |   |                       |      |         |   |                           |   | Total       |    |   |   |
|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|----------------------------|-----------|--------------|--------|--------------------------------|--------|-------------|---------|--------|--------|
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            |   |                       |      | Construction |   | Corporate                      |   | Operating   |    |   |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            |   | Real                Estate |      | Services     |   | &                Other (d) |   | Partnership |    |   |   |
| **Total                revenues:**                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              |   |                       |      |         |   |                           |   |        |    |   |   |
| Three                months ended:                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              |   |                       |      |         |   |                           |   |        |    |   |   |
| March                31, 2007                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |   | $                          | 163,913   |         | $      | 26,963                         |   | $           | 2,863   |   | $      | 193,739 |   |   |   |   |
| March                31, 2006                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |   |                       | 152,242   |         |   | --                             |   |        | 153     |   |   | 152,395 |   |   |   |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            |   |                       |      |         |   |                           |   |        |    |   |   |   |   |   |   |   |
| **Total                operating and interest expenses(a):**                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    |   |                       |      |         |   |                           |   |        |    |   |   |   |
| Three                months ended:                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              |   |                       |      |         |   |                           |   |        |    |   |   |   |   |   |   |   |
| March                31, 2007                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |   | $                          | 60,966    |         | $      | 26,196                         |   | $           | 39,982  |   | $      | 127,144 |   |  (e | ) |   |
| March                31, 2006                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |   |                       | 55,023    |         |   | --                             |   |        | 38,926  |   |   | 93,949 |   |  (f | ) |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            |   |                       |      |         |   |                           |   |        |    |   |   |   |   |   |   |   |
| **Equity                in earnings (loss) of unconsolidated**                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  |   |                       |      |         |   |                           |   |        |    |   |   |   |
| **joint                ventures:**                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              |   |                       |      |         |   |                           |   |        |    |   |   |   |
| Three                months ended:                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              |   |                       |      |         |   |                           |   |        |    |   |   |   |   |   |   |   |
| March                31, 2007                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |   | $                          | (2,231    | )            |   | --                             |   |        | --      |   | $      | (2,231 | ) |   |   |   |
| March                31, 2006                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |   |                       | 247       |         |   | --                             |   |        | --      |   |   | 247 |   |   |   |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            |   |                       |      |         |   |                           |   |        |    |   |   |   |   |   |   |   |
| **Net                operating income (b):**                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    |   |                       |      |         |   |                           |   |        |    |   |   |   |   |   |   |   |
| Three                months ended:                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              |   |                       |      |         |   |                           |   |        |    |   |   |   |   |   |   |   |
| March                31, 2007                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |   | $                          | 100,716   |         | $      | 767                            |   | $           | (37,119 | )      | $      | 64,364 |   |  (e | ) |   |
| March                31, 2006                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |   |                       | 97,466    |         |   |                           |   |        | (38,773 | )      |   | 58,693 |   |  (f | ) |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            |   |                       |      |         |   |                           |   |        |    |   |   |   |   |   |   |   |
| **Total                assets:**                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                |   |                       |      |         |   |                           |   |        |    |   |   |   |   |   |   |   |
| March                31, 2007                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |   | $                          | 4,321,913 |         | $      | 34,145                         |   | $           | 117,345 |   | $      | 4,473,403 |   |   |   |   |
| December                31, 2006                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                |   |                       | 4,281,222 |         |   | 28,353                         |   |        | 113,314 |   |   | 4,422,889 |   |   |   |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            |   |                       |      |         |   |                           |   |        |    |   |   |   |   |   |   |   |
| **Total                long-lived assets (c):**                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |   |                       |      |         |   |                           |   |        |    |   |   |   |   |   |   |   |
| March                31, 2007                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |   | $                          | 4,035,743 |         |   | --                             |   | $           | 1,550   |   | $      | 4,037,293 |   |   |   |   |
| December                31, 2006                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                |   |                       | 4,036,393 |         |   | --                             |   |        | 1,550   |   |   | 4,037,943 |   |   |   |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            |
| (a)  Total                operating and interest expenses represent the sum of: real estate                taxes;                utilities; operating services; direct construction costs; real estate                services salaries, wages and other costs; general and administrative                and                interest expense (net of interest income). All interest expense,                net of                interest                            income, (including for property-level mortgages) is excluded from                segment                amounts and classified in Corporate & Other for all                periods. |
| (b)  Net                operating income represents total revenues less total operating and                interest expenses [as defined in Note (a)], plus equity in earnings                (loss)                of unconsolidated joint ventures, for the period.                                                                                                                                                                                                                                                                                                                                                                                                                                                 |
| (c)  Long-lived                assets are comprised of net investment in rental property, unbilled                rents                receivable and investments in unconsolidated joint                ventures.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    |
| (d)  Corporate                & Other represents all corporate-level items (including interest and                other investment income, interest expense and non-property general                and                administrative expense) as well as intercompany eliminations necessary                to                reconcile to consolidated Operating Partnership totals.                                                                                                                                                                                                                                                                                                                            |
| (e)  Excludes                $41,514 of depreciation and amortization.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                |
| (f)  Excludes                $36,578 of depreciation and                amortization.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |

----

| **16.  ** | **IMPACT                OF RECENTLY-ISSUED ACCOUNTING                STANDARDS** |
|---------------------|----------------------------------------------------------------------------------|

**FINANCIAL      ACCOUNTING STANDARDS BOARD (FASB) Statement No. 159 (“FASB No.      159”),**
*      The      Fair Value Option for Financial Assets and Financial Liabilities—Including an      amendment of FASB Statement No. 115*

*Accounting      for Certain Investments in Debt and Equity Securities,*

| 1.   | Recognized                financial assets and financial liabilities except: |
|----------------|------------------------------------------------------------------------------|

| a.   | An                investment in a subsidiary that the entity is required to consolidate; |
|----------------|------------------------------------------------------------------------------------------|

| b.   | An                interest in a variable interest entity that the entity is required                to                consolidate; |
|----------------|------------------------------------------------------------------------------------------------------------------------------------|

| c.   | Employers’                and plans’ obligations (or assets representing net overfunded positions)                for pension benefits, other postretirement benefits (including health                care                and life insurance benefits), postemployment benefits, employee stock                option and stock purchase plans, and other forms of deferred compensation                arrangements, as defined in FASB Statements No. 35, *Accounting                and Reporting by Defined Benefit Pension Plans,*                No. 87, *Employers’                Accounting for Pensions,*                No. 106, *Employers’                Accounting for Postretirement Benefits Other Than                Pensions,*                No. 112, *Employers’                Accounting for Postemployment Benefits,*                No. 123 (revised December 2004), *Share-Based                Payment,*                No. 43, *Accounting                for Compensated Absences,*                No. 146, *Accounting                for Costs Associated with Exit or Disposal Activities,*                and No. 158, *Employers’                Accounting for Defined Benefit Pension and Other Postretirement                Plans,*                and APB Opinion No. 12, *Omnibus                Opinion—1967;*  |
|----------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| d.   | Financial                assets and financial liabilities recognized under leases as defined                in                FASB Statement No. 13, *Accounting                for Leases*                (This exception does not apply to a guarantee of a third-party lease                obligation or a contingent obligation arising from a cancelled lease.); |
|----------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| e.   | Deposit                liabilities, withdrawable on demand, of banks, savings and loan                associations, credit unions, and other similar depository institutions;                and |
|----------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| f.   | Financial                instruments that are, in whole or in part, classified by the issuer                as a                component of shareholder’s equity (including “temporary equity”). An                example is a convertible debt security with a noncontingent beneficial                conversion feature. |
|----------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 2.   | Firm                commitments that would otherwise not be recognized at inception and                that                involve only financial instruments. |
|----------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 3.   | Nonfinancial                insurance contracts and warranties that the insurer can settle by                paying a                third party to provide those goods or services. |
|----------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 4.   | Host                financial instruments resulting from separation of an embedded                nonfinancial derivative instrument from a nonfinancial hybrid instrument. |
|----------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

**FASB      Statement No. 157 (“FASB No. 157”),**
** **
*Fair      Value Measurements*

----

**Item      2.**
**Management’s      Discussion and Analysis of **
**Financial      Condition and Results of Operations**

**GENERAL**

***Executive      Overview***

| ·   | the                general economic climate;                                                              |
|--------------------|-----------------------------------------------------------------------------------------------------------|
| ·   | the                occupancy rates of the Properties;                                                     |
| ·   | rental                rates on new or renewed leases;                                                     |
| ·   | tenant                improvement and leasing costs incurred to obtain and retain                tenants; |
| ·   | the                extent of early lease terminations;                                                    |
| ·   | operating                expenses;                                                                        |
| ·   | cost                of capital; and                                                                       |
| ·   | the                extent of acquisitions, development and sales of real                estate.           |

----

| ·   | property                transactions during the period;                                                                                                                |
|--------------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| ·   | critical                accounting policies and estimates;                                                                                                             |
| ·   | results                of operations for the three months ended March 31, 2007 as compared                to the                three months ended March 31, 2006; and |
| ·   | liquidity                and capital resources.                                                                                                                        |

***Summary      of Transactions***

***Critical      Accounting Policies and Estimates***

----

**Rental      Property:**

| Leasehold                interests               | Remaining                lease term           |
|--------------------------------------------------|-----------------------------------------------|
| Buildings                and improvements        | 5                to 40 years                  |
| Tenant                improvements               | The                shorter of the term of the |
|                                             | related                lease or useful life   |
| Furniture,                fixtures and equipment | 5                to 10 years                  |

----

**Rental      Property Held for Sale and Discontinued Operations:**

**Revenue      Recognition:**

*** ***

----

**Allowance      for Doubtful Accounts:**

***Results      From Operations***

----

***Three      Months Ended March 31, 2007 Compared to Three Months Ended March 31,      2006***

|                                                                      | Three                Months Ended |                    |                    |
|---------------------------------------------------------------------------|-----------------------------------|-------------------------|-------------------------|
|                                                                      | March                31,          | Dollar                  | Percent                 |
| *(dollars                in thousands)*                                   | 2007                              | 2006                    | Change                  | Change |
| **Revenue                from rental operations and other:**              |                              |                    |                    |   |
| Base                rents                                                 | $140,034                          | $127,975                | $                12,059 | 9.4% |
| Escalations                and recoveries from tenants                    | 26,225                            | 21,003                  | 5,222                   | 24.9 |
| Other                income                                               | 2,398                             | 2,789                   | (391)                   | (14.0) |
| Total                revenues from rental operations                      | 168,657                           | 151,767                 | 16,890                  | 11.1 |
|                                                                      |                              |                    |                    |   |
| **Property                expenses:**                                     |                              |                    |                    |   |
| Real                estate taxes                                          | 23,519                            | 20,816                  | 2,703                   | 13.0 |
| Utilities                                                                 | 17,558                            | 14,468                  | 3,090                   | 21.4 |
| Operating                services                                         | 24,766                            | 20,260                  | 4,506                   | 22.2 |
| Total                property expenses                                    | 65,843                            | 55,544                  | 10,299                  | 18.5 |
|                                                                      |                              |                    |                    |   |
| **Non-property                revenues:**                                 |                              |                    |                    |   |
| Construction                services                                      | 22,341                            | --                      | 22,341                  | -- |
| Real                estate services                                       | 2,741                             | 628                     | 2,113                   | 336.5 |
| Total                non-property revenues                                | 25,082                            | 628                     | 24,454                  | 3,894.0 |
|                                                                      |                              |                    |                    |   |
| **Non-property                expenses:**                                 |                              |                    |                    |   |
| Direct                construction costs                                  | 20,911                            | --                      | 20,911                  | -- |
| General                and administrative                                 | 11,071                            | 8,775                   | 2,296                   | 26.2 |
| Depreciation                and amortization                              | 41,514                            | 36,578                  | 4,936                   | 13.5 |
| Total                non-property expenses                                | 73,496                            | 45,353                  | 28,143                  | 62.1 |
| Operating                income                                           | 54,400                            | 51,498                  | 2,902                   | 5.6 |
| **Other                (expense) income:**                                |                              |                    |                    |   |
| Interest                expense                                           | (30,936)                          | (31,075)                | 139                     | 0.4 |
| Interest                and other investment income                       | 1,617                             | 1,445                   | 172                     | 11.9 |
| Equity                in earnings (loss) of unconsolidated joint ventures | (2,231)                           | 247                     | (2,478)                 | (1,003.2) |
| Minority                interest in consolidated joint ventures           | 227                               | --                      | (227)                   | -- |
| Gain                on sale of investment in marketable securities        | --                                | 15,060                  | (15,060)                | (100.0) |
| Total                other (expense) income                               | (31,323)                          | (14,323)                | (17,000)                | 118.7 |
|                                                                      |                              |                    |                    |   |
| Income                from continuing operations                          | 23,077                            | 37,175                  | 14,098                  | (37.9) |
| Discontinued                operations:                                   |                              |                    |                    |   |
| Income                from discontinued operations                        | 325                               | 3,457                   | (3,132)                 | (90.6) |
| Net                income                                                 | 23,402                            | 40,632                  | (17,230)                | (42.4) |
| Preferred                unit distributions                               | (500)                             | (500)                   | --                      | -- |
| Net                income available to common unitholders                 | $                22,902           | $                40,132 | $(17,230)               | (42.9)% |

----

|                                                           |   | Total                                  |   | Same-Store | Acquired   |   |
|----------------------------------------------------------------|--------|----------------------------------------|--------|------------|------------|--------|
|                                                           |   | Operating                  Partnership |   | Properties | Properties |   |
|                                                           |   | Dollar                                 |   | Percent    |       | Dollar |   | Percent |   | Dollar |   | Percent |   |
| (*dollars                  in thousands*)                      |   | Change                                 |   | Change     |       | Change |   | Change |   | Change |   | Change |   |
| **Revenue                  from rental operations**            |   |                                   |   |       |       |   |   |   |   |   |   |   |   |
|  **and                  other:**                          |   |                                   |   |       |       |   |   |   |   |   |   |   |   |
| Base                  rents                                    |   | $                                      | 12,059 |       |       | 9.4    | % | $ | 5,836 |   |   | 4.5 | % | $ | 6,223 |   |   | 4.9 | % |
| Escalations                  and recoveries                    |   |                                   |   |       |       |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| from                  tenants                                  |   |                                   | 5,222  |       |       | 24.9   |   |   | 4,387 |   |   | 20.9 |   |   | 835 |   |   | 4.0 |   |
| Other                  income                                  |   |                                   | (391   | )          |       | (14.0  | ) |   | (424 | ) |   | (15.2 | ) |   | 33 |   |   | 1.2 |   |
| Total                                                          |   | $                                      | 16,890 |       |       | 11.1   | % | $ | 9,799 |   |   | 6.4 | % | $ | 7,091 |   |   | 4.7 | % |
|                                                           |   |                                   |   |       |       |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| **Property                  expenses:**                        |   |                                   |   |       |       |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Real                  estate taxes                             |   | $                                      | 2,703  |       |       | 13.0   | % | $ | 1,765 |   |   | 8.5 | % | $ | 938 |   |   | 4.5 | % |
| Utilities                                                      |   |                                   | 3,090  |       |       | 21.4   |   |   | 2,211 |   |   | 15.3 |   |   | 879 |   |   | 6.1 |   |
| Operating                  services                            |   |                                   | 4,506  |       |       | 22.2   |   |   | 2,212 |   |   | 10.9 |   |   | 2,294 |   |   | 11.3 |   |
| Total                                                          |   | $                                      | 10,299 |       |       | 18.5   | % | $ | 6,188 |   |   | 11.1 | % | $ | 4,111 |   |   | 7.4 | % |
|                                                           |   |                                   |   |       |       |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| **OTHER                  DATA:**                               |   |                                   |   |       |       |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Number                  of Consolidated Properties             |   |                                   |   |       |       |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| (excluding                  properties held for sale):         |   |                                   | 253    |       |       |   |   |   | 242 |   |   |   |   |   | 11 |   |   |   |   |
| Square                  feet *(in                  thousands)* |   |                                   | 28,612 |       |       |   |   |   | 27,151 |   |   |   |   |   | 1,461 |   |   |   |   |

----

**LIQUIDITY      AND CAPITAL RESOURCES**

***Liquidity***

**Overview:**

**Gale      Company Earn-Out:**

----

**Construction      Projects:**

**REIT      Restrictions:**

**Property      Lock-Ups:**

----

**Unencumbered      Properties:**

**Credit      Ratings:**

***Cash      Flows***

| (1)   | $39.2                million provided by operating                activities. |
|-----------------|-------------------------------------------------------------------------------|

| (2)   | $30.6                million used in investing activities, consisting primarily of the                following: |
|-----------------|------------------------------------------------------------------------------------------------------------------|

| (a)   | $19                million used for additions to rental property and related intangibles;                plus |
|-----------------|---------------------------------------------------------------------------------------------------------------|

| (b)   | $10.8                million used in investing in unconsolidated joint ventures;                plus |
|-----------------|------------------------------------------------------------------------------------------------------|

|   |                         (3) | $40.4                million provided by financing activities, consisting primarily of                the                following: |
|--------|---------------------------------------------------------------------|-------------------------------------------------------------------------------------------------------------------------------------|

| (a)   | $251.7                million in proceeds from the offering of Common Stock;                plus |
|-----------------|--------------------------------------------------------------------------------------------------|

| (b)   | $76                million from borrowings under the Operating Partnership’s unsecured credit                facility; minus |
|-----------------|------------------------------------------------------------------------------------------------------------------------------------|

| (c)   | $221                million used for the repayment of borrowings under the Operating                Partnership’s unsecured credit facility;                minus |
|-----------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (d)   | $19.1                million used for the repayment of mortgages, loans payable and other                obligations; minus |
|-----------------|-----------------------------------------------------------------------------------------------------------------------------|

| (e)   | $50.6                million used for the payment of                distributions. |
|-----------------|------------------------------------------------------------------------------------|

----

***Debt      Financing***

**Summary      of Debt:**

|                                        | **Balance****($000’s)** | **%                of Total** | **Weighted                Average****Interest                Rate (a)** | **Weighted                Average****Maturity****in                Years** |
|---------------------------------------------|-------------------------------|-------------------------------|-------------------------------------------------------------------------|----------------------------------------------------------------------------|
| Fixed                Rate Unsecured Debt    | $1,667,415                    | 83.54%                        | 6.29%                                                                   | 5.05                                                                       |
| Fixed                Rate Secured Debt and  |                          |                          |                                                                    |                                                                       |
| Other                Obligations            | 328,602                       | 16.46%                        | 5.38%                                                                   | 5.08                                                                       |
|                                        |                          |                          |                                                                    |                                                                       |
| **Totals/Weighted                Average:** | $1,996,017                    | 100.00%                       | 6.14%                                                                   | 5.05                                                                       |

**Debt      Maturities:**

| **Period**                                 | **Scheduled****Amortization****($000’s)** | **Principal****Maturities****($000’s)** | **Total****($000’s)** | **Weighted                Average****Interest                Rate of****Future                Repayments (a)** |
|--------------------------------------------|-------------------------------------------------|-----------------------------------------------|-----------------------------|----------------------------------------------------------------------------------------------------------------|
| 2007                                       | $14,773                                         | $                --                           | $                14,773     | 5.01%                                                                                                          |
| 2008                                       | 17,939                                          | 12,563                                        | 30,502                      | 5.25%                                                                                                          |
| 2009                                       | 10,695                                          | 300,000                                       | 310,695                     | 7.41%                                                                                                          |
| 2010                                       | 2,793                                           | 334,500                                       | 337,293                     | 5.26%                                                                                                          |
| 2011                                       | 3,580                                           | 300,000                                       | 303,580                     | 7.91%                                                                                                          |
| Thereafter                                 | 11,687                                          | 993,091                                       | 1,004,778                   | 5.57%                                                                                                          |
| Sub-total                                  | 61,467                                          | 1,940,154                                     | 2,001,621                   | 6.14%                                                                                                          |
| Adjustment                for unamortized  |                                            |                                          |                        |                                                                                                           |
| debt                discount/premium, net, |                                            |                                          |                        |                                                                                                           |
| as                of March 31, 2007        | (5,604)                                         | --                                            | (5,604)                     |                                                                                                           |
|                                       |                                            |                                          |                        |                                                                                                           |
| Totals/Weighted                Average     | $55,863                                         | $1,940,154                                    | $1,996,017                  | 6.14%                                                                                                          |
|                                       |                                            |                                          |                        |                                                                                                           |

**Senior      Unsecured Notes:**

**Unsecured      Revolving Credit Facility:**

----

| **Operating                Partnership’s**                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            | **Interest                Rate -**         |                            |
|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------------------------------------------|---------------------------------|
| **Unsecured                Debt Ratings:**                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  | **Applicable                Basis Points** | **Facility                Fee** |
| **S&P                Moody’s/Fitch (a)**                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          | **Above                LIBOR**             | **Basis                Points** |
| No                ratings or less than BBB-/Baa3/BBB-                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       | 112.5                                      | 25.0                            |
| BBB-/Baa3/BBB-                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              | 80.0                                       | 20.0                            |
| BBB/Baa2/BBB                (current)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       | 65.0                                       | 15.0                            |
| BBB+/Baa1/BBB+                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              | 55.0                                       | 15.0                            |
| A-/A3/A-                or higher                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           | 50.0                                       | 15.0                            |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |                                       |                            |
| (a) If                the Operating Partnership has debt ratings from two rating agencies,                one                of which is Standard & Poor’s Rating Services (“S&P”) or Moody’s                Investors Service (“Moody’s”), the rates per the above table shall be                based on the lower of such ratings. If the Operating Partnership                has debt                ratings from three rating agencies, one of which is S&P or Moody’s,                the rates per the above table shall be based on the lower of the                two                highest ratings. If the Operating Partnership has debt ratings from                only                one agency, it will be considered to have no rating or less than                BBB-/Baa3/BBB- per the above table. |

**Mortgages,      Loans Payable and Other Obligations:**

----

**Debt      Strategy:**

***Equity      Financing and Registration Statements***

**Equity      Activity:**

|                                                     | **Common** | **Common** |                         |
|----------------------------------------------------------|------------|------------|------------------------------|
|                                                     | **Stock**  | **Units**  | **Total**                    |
| Outstanding                at January 1, 2007            | 62,925,191 | 15,342,283 | 78,267,474                   |
| Common                Stock offering                     | 4,650,000  | --         | 4,650,000                    |
| Stock                options exercised                   | 116,830    | --         | 116,830                      |
| Common                units redeemed for Common Stock    | 141,522    | (141,522)  | --                           |
| Shares                issued under Dividend Reinvestment |       |       |                         |
| and                Stock Purchase Plan                   | 1,309      | --         | 1,309                        |
| Restricted                shares issued                  | 13,000     | --         | 13,000                  |
|                                                     |       |       |                         |
| Outstanding                at March 31, 2007             | 67,847,852 | 15,200,761 | 83,048,613                   |

**Share      Repurchase Program:**

**Shelf      Registration Statements:**

----

***Off-Balance      Sheet Arrangements***

**Unconsolidated      Joint Venture Debt:**

***Contractual      Obligations***

|                                     | **Payments                Due by Period** |
|------------------------------------------|-------------------------------------------|
|                                     |                                      | **Less                than 1** | **1                - 3** | **4                - 5** | **6                - 10** | **After                10** |
| *(dollars                in thousands)*  | **Total**                                 | **year** | **Years** | **years** | **Years ** | **years** |
| Senior                unsecured notes    | $2,156,522                                | $100,494 | $479,239 | $686,701 | $                890,088 | -- |
| Mortgages,                loans payable  |                                      |   |   |   |   |   |
| and                other obligations     | 448,739                                   | 36,046 | 217,051 | 40,655 | 125,046 | $29,941 |
| Payments                in lieu of taxes |                                      |   |   |   |   |   |
| (PILOT)                                  | 69,054                                    | 4,193 | 12,705 | 8,615 | 23,381 | 20,160 |
| Operating                lease payments  | 355                                       | 285 | 70 | -- | -- | -- |
| Ground                lease payments     | 37,824                                    | 502 | 1,492 | 1,002 | 2,499 | 32,329 |
| Total                                    | $2,712,494                                | $141,520 | $710,557 | $736,973 | $1,041,014 | $82,430 |

***Inflation***

**DISCLOSURE      REGARDING FORWARD-LOOKING STATEMENTS**

----

| ·   | changes                in the general economic climate and conditions, including those affecting                industries in which our principal tenants compete;                                                                                                                                                                                         |
|--------------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|               |                                                                                                                                                                                                                                                                                                                                                       |
| ·   | the                extent of any tenant bankruptcies or of any early lease                terminations;                                                                                                                                                                                                                                                    |
|               |                                                                                                                                                                                                                                                                                                                                                       |
| ·   | our                ability to lease or re-lease space at current or anticipated                rents;                                                                                                                                                                                                                                                      |
|               |                                                                                                                                                                                                                                                                                                                                                       |
| ·   | changes                in the supply of and demand for office, office/flex and                industrial/warehouse properties;                                                                                                                                                                                                                             |
|               |                                                                                                                                                                                                                                                                                                                                                       |
| ·   | changes                in interest rate levels;                                                                                                                                                                                                                                                                                                            |
|               |                                                                                                                                                                                                                                                                                                                                                       |
| ·   | changes                in operating costs;                                                                                                                                                                                                                                                                                                                 |
|               |                                                                                                                                                                                                                                                                                                                                                       |
| ·   | our                ability to obtain adequate insurance, including coverage for terrorist                acts;                                                                                                                                                                                                                                             |
|               |                                                                                                                                                                                                                                                                                                                                                       |
| ·   | the                availability of financing;                                                                                                                                                                                                                                                                                                              |
|               |                                                                                                                                                                                                                                                                                                                                                       |
| ·   | changes                in governmental regulation, tax rates and similar matters;                and                                                                                                                                                                                                                                                       |
|               |                                                                                                                                                                                                                                                                                                                                                       |
| ·   | other                risks associated with the development and acquisition of properties,                including risks that the development may not be completed on schedule,                that the tenants will not take occupancy or pay rent, or that development                or operating costs may be greater than                anticipated. |

| **Item                3.** | **Quantitative                and Qualitative Disclosures About Market                Risk** |
|----------------------------|----------------------------------------------------------------------------------------------|

* *

| *(dollars                in thousands)*      |                             |     |     |
|----------------------------------------------|----------------------------------|----------|----------|
| **March                31, 2007**            | **Maturity                Date** |     |     |
| **Debt,**                                    | **04/1/07                -**     |     |     |   |   |   |   |   |
| **including                current portion** | **12/31/07**                     | **2008** | **2009** | **2010** | **2011** | **Thereafter** | **Total** | **Fair                Value** |
|                                         |                             |     |     |   |   |   |   |   |
| Fixed                Rate                    | $13,461                          | $29,345  | $309,841 | $336,398 | $302,766 | $1,004,206 | $1,996,017 | $2,024,735 |
| Average                Interest Rate         | 5.01%                            | 5.25%    | 7.41%    | 5.26% | 7.91% | 5.57% | 6.14% |   |

----

**Item**
**      4.**
**Controls      and Procedures**

*Disclosure      Controls and Procedures*

*Internal      Control Over Financial Reporting*

----

**MACK-CALI      REALTY, L.P. AND SUBSIDIARIES**

**Part      II - Other Information**

**Item      1.**
**Legal      Proceedings**

**Item      1A.**
**Risk      Factors**

----

**MACK-CALI      REALTY, L.P. AND SUBSIDIARIES**

**Part      II - Other Information (continued) **

**Item      2.**
**Unregistered      Sales of Equity Securities and Use of Proceeds**

**COMMON      UNITS**

**Item      3.**
**Defaults      Upon Senior Securities**

**Item      4.**
**Submission      of Matters to a Vote of Security Holders**

**Item      5.**
**Other      Information**

**Item      6.**
**Exhibits**

|   | The                exhibits required by this item are set forth on the Exhibit Index                attached                hereto. |
|--------|-------------------------------------------------------------------------------------------------------------------------------------|

----

**MACK-CALI      REALTY, L.P. AND SUBSIDIARIES**

**Signatures**

|                                  | Mack-Cali                Realty, L.P. |
|---------------------------------------|---------------------------------------|
|                                  | (Registrant)                          |
|                                  | By:                                   | Mack-Cali                Realty Corporation |
|                                  |                                  | its                General Partner |
|                                  |                                  |   |
| Date: May                2, 2007 | By:                                   | /s/                Mitchell E. Hersh |
|                                  |                                  | Mitchell                E. Hersh |
|                                  |                                  | President                and |
|                                  |                                  | Chief                Executive Officer |
|                                  |                                  |   |
|                                  |                                  |   |
| Date: May                2, 2007 | By:                                   | /s/                Barry Lefkowitz |
|                                  |                                  | Barry                Lefkowitz |
|                                  |                                  | Executive                Vice President and |
|                                  |                                  | Chief                Financial Officer |
|                                  |                                  |   |
|                                  |                                  |   |

----

**Exhibit      Index**

| **Exhibit****Number** |   | **Exhibit Title**                                                                                                                                                                                                                                                                                                                                                                                                                |
|-----------------------|--------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|                  |   |                                                                                                                                                                                                                                                                                                                                                                                                                                  |
| 3.1                   |   | Restated                Charter of Mack-Cali Realty Corporation dated June 11, 2001 (filed as                Exhibit 3.1 to the Operating Partnership’s Form 10-Q dated                June 30, 2001 and incorporated herein by                reference).                                                                                                                                                  |
|                  |   |                                                                                                                                                                                                                                                                                                                                                                                                                                  |
| 3.2                   |   | Amended                and Restated Bylaws of Mack-Cali Realty Corporation dated June 10,                1999 (filed as Exhibit 3.2 to the Corporation’s Form 8-K dated                June 10, 1999 and incorporated herein by                reference).                                                                                                                                                  |
|                  |   |                                                                                                                                                                                                                                                                                                                                                                                                                                  |
| 3.3                   |   | Amendment                No. 1 to the Amended and Restated Bylaws of Mack-Cali Realty                Corporation dated March 4, 2003, (filed as Exhibit 3.3 to the                Operating Partnership’s Form 10-Q dated March 31, 2003 and                incorporated herein by reference).                                                                                                         |
|                  |   |                                                                                                                                                                                                                                                                                                                                                                                                                                  |
| 3.4                   |   | Amendment                No. 2 to the Mack-Cali Realty Corporation Amended and Restated Bylaws                dated May 24, 2006 (filed as Exhibit 3.1 to the Corporation’s Form 8-K                dated May 24, 2006 and incorporated herein by                reference).                                                                                                                                                    |
|                  |   |                                                                                                                                                                                                                                                                                                                                                                                                                                  |
| 3.5                   |   | Second                Amended and Restated Agreement of Limited Partnership of Mack-Cali                Realty,                L.P. dated December 11, 1997 (filed as Exhibit 10.110 to the                Corporation’s Form 8-K dated December 11, 1997 and incorporated                herein by reference).                                                                                             |
|                  |   |                                                                                                                                                                                                                                                                                                                                                                                                                                  |
| 3.6                   |   | Amendment                No. 1 to the Second Amended and Restated Agreement of Limited                Partnership of Mack-Cali Realty, L.P. dated August 21, 1998 (filed as                Exhibit 3.1 to the Corporation’s and the Operating Partnership’s                Registration Statement on Form S-3, Registration No. 333-57103,                and incorporated herein by reference). |
|                  |   |                                                                                                                                                                                                                                                                                                                                                                                                                                  |
| 3.7                   |   | Second                Amendment to the Second Amended and Restated Agreement of Limited                Partnership of Mack-Cali Realty, L.P. dated July 6, 1999 (filed as                Exhibit 10.1 to the Operating Partnership’s Form 8-K dated                July 6, 1999 and incorporated herein by                reference).                                                                       |
|                  |   |                                                                                                                                                                                                                                                                                                                                                                                                                                  |
| 3.8                   |   | Third                Amendment to the Second Amended and Restated Agreement of Limited                Partnership of Mack-Cali Realty, L.P. dated September 30, 2003 (filed                as Exhibit 3.7 to the Operating Partnership’s Form 10-Q dated                September 30, 2003 and incorporated herein by                reference).                                                            |
|                  |   |                                                                                                                                                                                                                                                                                                                                                                                                                                  |
| 3.9                   |   | Certificate                of Designation of Series B Preferred Operating Partnership Units of                Limited Partnership Interest of Mack-Cali Realty, L.P. (filed as                Exhibit 10.101 to the Corporation’s Form 8-K dated                December 11, 1997 and incorporated herein by                reference).                                                                     |
|                  |   |                                                                                                                                                                                                                                                                                                                                                                                                                                  |
| 3.10                  |   | Articles                Supplementary for the 8% Series C Cumulative Redeemable Perpetual                Preferred Stock dated March 11, 2003 (filed as Exhibit 3.1 to                the Corporation’s Form 8-K dated March 14, 2003 and incorporated                herein by reference).                                                                                                            |
|                  |   |                                                                                                                                                                                                                                                                                                                                                                                                                                  |
| 3.11                  |   | Certificate                of Designation for the 8% Series C Cumulative Redeemable Perpetual                Preferred Operating Partnership Units dated March 14, 2003 (filed as                Exhibit 3.2 to the Operating Partnership’s Form 8-K dated                March 14, 2003 and incorporated herein by                reference).                                                         |
|                  |   |                                                                                                                                                                                                                                                                                                                                                                                                                                  |

----

| **Exhibit****Number** |   | **Exhibit Title**                                                                                                                                                                                                                                                                                                                                                                                                   |
|-----------------------|--------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|                  |   |                                                                                                                                                                                                                                                                                                                                                                                                                     |
| 4.1                   |   | Amended                and Restated Shareholder Rights Agreement, dated as of March 7, 2000,                between Mack-Cali Realty Corporation and EquiServe Trust Company,                N.A., as                Rights Agent (filed as Exhibit 4.1 to the Operating Partnership’s                Form 8-K dated March 7, 2000 and incorporated herein by                reference).       |
|                  |   |                                                                                                                                                                                                                                                                                                                                                                                                                     |
| 4.2                   |   | Amendment                No. 1 to the Amended and Restated Shareholder Rights Agreement, dated                as of June 27, 2000, by and among Mack-Cali Realty Corporation and                EquiServe Trust Company, N.A. (filed as Exhibit 4.1 to the Operating                Partnership’s Form 8-K dated June 27, 2000 and incorporated                herein by reference).      |
|                  |   |                                                                                                                                                                                                                                                                                                                                                                                                                     |
| 4.3                   |   | Indenture                dated as of March 16, 1999, by and among Mack-Cali Realty, L.P., as                issuer, Mack-Cali Realty Corporation, as guarantor, and Wilmington                Trust                Company, as trustee (filed as Exhibit 4.1 to the Operating                Partnership’s Form 8-K dated March 16, 1999 and incorporated                herein by reference). |
|                  |   |                                                                                                                                                                                                                                                                                                                                                                                                                     |
| 4.4                   |   | Supplemental                Indenture No. 1 dated as of March 16, 1999, by and among                Mack-Cali Realty, L.P., as issuer, and Wilmington Trust Company,                as                trustee (filed as Exhibit 4.2 to the Operating Partnership’s                Form 8-K dated March 16, 1999 and incorporated herein by                reference).                     |
|                  |   |                                                                                                                                                                                                                                                                                                                                                                                                                     |
| 4.5                   |   | Supplemental                Indenture No. 2 dated as of August 2, 1999, by and among                Mack-Cali Realty, L.P., as issuer, and Wilmington Trust Company,                as                trustee (filed as Exhibit 4.4 to the Operating Partnership’s                Form 10-Q dated June 30, 1999 and incorporated herein by                reference).                     |
|                  |   |                                                                                                                                                                                                                                                                                                                                                                                                                     |
| 4.6                   |   | Supplemental                Indenture No. 3 dated as of December 21, 2000, by and among                Mack-Cali Realty, L.P., as issuer, and Wilmington Trust Company,                as                trustee (filed as Exhibit 4.2 to the Operating Partnership’s                Form 8-K dated December 21, 2000 and incorporated herein by                reference).               |
|                  |   |                                                                                                                                                                                                                                                                                                                                                                                                                     |
| 4.7                   |   | Supplemental                Indenture No. 4 dated as of January 29, 2001, by and among                Mack-Cali Realty, L.P., as issuer, and Wilmington Trust Company,                as                trustee (filed as Exhibit 4.2 to the Operating Partnership’s                Form 8-K dated January 29, 2001 and incorporated herein by                reference).                 |
|                  |   |                                                                                                                                                                                                                                                                                                                                                                                                                     |
| 4.8                   |   | Supplemental                Indenture No. 5 dated as of December 20, 2002, by and between                Mack-Cali Realty, L.P., as issuer, and Wilmington Trust Company,                as                trustee (filed as Exhibit 4.2 to the Operating Partnership’s                Form 8-K dated December 20, 2002 and incorporated herein by                reference).             |
|                  |   |                                                                                                                                                                                                                                                                                                                                                                                                                     |
| 4.9                   |   | Supplemental                Indenture No. 6 dated as of March 14, 2003, by and between                Mack-Cali Realty, L.P., as issuer, and Wilmington Trust Company,                as                trustee (filed as Exhibit 4.2 to the Operating Partnership’s                Form 8-K dated March 14, 2003 and incorporated herein by                reference).                   |
|                  |   |                                                                                                                                                                                                                                                                                                                                                                                                                     |
| 4.10                  |   | Supplemental                Indenture No. 7 dated as of June 12, 2003, by and between                Mack-Cali Realty, L.P., as issuer, and Wilmington Trust Company,                as                trustee (filed as Exhibit 4.2 to the Operating Partnership’s                Form 8-K dated June 12, 2003 and incorporated herein by                reference).                     |
|                  |   |                                                                                                                                                                                                                                                                                                                                                                                                                     |
| 4.11                  |   | Supplemental                Indenture No. 8 dated as of February 9, 2004, by and between                Mack-Cali Realty, L.P., as issuer, and Wilmington Trust Company,                as                trustee (filed as Exhibit 4.2 to the Operating Partnership’s                Form 8-K dated February 9, 2004 and incorporated herein by                reference).               |
|                  |   |                                                                                                                                                                                                                                                                                                                                                                                                                     |

----

| **Exhibit****Number** |   | **Exhibit Title**                                                                                                                                                                                                                                                                                                                                                                                                              |
|-----------------------|--------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|                  |   |                                                                                                                                                                                                                                                                                                                                                                                                                                |
| 4.12                  |   | Supplemental                Indenture No. 9 dated as of March 22, 2004, by and between                Mack-Cali Realty, L.P., as issuer, and Wilmington Trust Company,                as                trustee (filed as Exhibit 4.2 to the Operating Partnership’s                Form 8-K dated March 22, 2004 and incorporated herein by                reference).                              |
|                  |   |                                                                                                                                                                                                                                                                                                                                                                                                                                |
| 4.13                  |   | Supplemental                Indenture No. 10 dated as of January 25, 2005, by and between                Mack-Cali Realty, L.P., as issuer, and Wilmington Trust Company,                as                trustee (filed as Exhibit 4.2 to the Operating Partnership’s                Form 8-K dated January 25, 2005 and incorporated herein by                reference).                         |
|                  |   |                                                                                                                                                                                                                                                                                                                                                                                                                                |
| 4.14                  |   | Supplemental                Indenture No. 11 dated as of April 15, 2005, by and between                Mack-Cali Realty, L.P., as issuer, and Wilmington Trust Company,                as                trustee (filed as Exhibit 4.2 to the Operating Partnership’s                Form 8-K dated April 15, 2005 and incorporated herein by                reference).                             |
|                  |   |                                                                                                                                                                                                                                                                                                                                                                                                                                |
| 4.15                  |   | Supplemental                Indenture No. 12 dated as of November 30, 2005, by and between                Mack-Cali Realty, L.P., as issuer, and Wilmington Trust Company,                as                trustee (filed as Exhibit 4.2 to the Operating Partnership’s                Form 8-K dated November 30, 2005 and incorporated herein by                reference).                       |
|                  |   |                                                                                                                                                                                                                                                                                                                                                                                                                                |
| 4.16                  |   | Supplemental                Indenture No. 13 dated as of January 24, 2006, by and between                Mack-Cali Realty, L.P., as issuer, and Wilmington Trust Company,                as                trustee (filed as Exhibit 4.2 to the Operating Partnership’s                Form 8-K dated January 18, 2006 and incorporated herein by                reference).                         |
|                  |   |                                                                                                                                                                                                                                                                                                                                                                                                                                |
| 4.17                  |   | Deposit                Agreement dated March 14, 2003 by and among Mack-Cali Realty                Corporation, EquiServe Trust Company, N.A., and the holders from                time to                time of the Depositary Receipts described therein (filed as                Exhibit 4.1 to the Corporation’s Form 8-K dated March 14,                2003 and incorporated herein by reference). |
|                  |   |                                                                                                                                                                                                                                                                                                                                                                                                                                |
| 10.1                  |   | Amended                and Restated Employment Agreement dated as of July 1, 1999 between                Mitchell E. Hersh and Mack-Cali Realty Corporation (filed as                Exhibit 10.2 to the Operating Partnership’s Form 10-Q dated                June 30, 1999 and incorporated herein by                reference).                                                                       |
|                  |   |                                                                                                                                                                                                                                                                                                                                                                                                                                |
| 10.2                  |   | Second                Amended and Restated Employment Agreement dated as of July 1, 1999                between Barry Lefkowitz and Mack-Cali Realty Corporation (filed as                Exhibit 10.6 to the Operating Partnership’s Form 10-Q dated                June 30, 1999 and incorporated herein by                reference).                                                                  |
|                  |   |                                                                                                                                                                                                                                                                                                                                                                                                                                |
| 10.3                  |   | Second                Amended and Restated Employment Agreement dated as of July 1, 1999                between Roger W. Thomas and Mack-Cali Realty Corporation (filed as                Exhibit 10.7 to the Operating Partnership’s Form 10-Q dated                June 30, 1999 and incorporated herein by                reference).                                                                  |
|                  |   |                                                                                                                                                                                                                                                                                                                                                                                                                                |
| 10.4                  |   | Employment                Agreement dated as of December 5, 2000 between Michael Grossman and                Mack-Cali Realty Corporation (filed as Exhibit 10.5 to the Operating                Partnership’s Form 10-K for the year ended December 31, 2000 and                incorporated herein by reference).                                                                                       |
|                  |   |                                                                                                                                                                                                                                                                                                                                                                                                                                |
| 10.5                  |   | Employment                Agreement dated as of May 9, 2006 by and between Mark Yeager and                Mack-Cali Realty Corporation (filed as Exhibit 10.15 to the Operating                Partnership’s Form 8-K dated May 9, 2006 and incorporated herein by                reference).                                                                                                                            |
|                  |   |                                                                                                                                                                                                                                                                                                                                                                                                                                |

----

| **Exhibit****Number** |   | **Exhibit Title**                                                                                                                                                                                                                                                                                                                                                                            |
|-----------------------|--------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|                  |   |                                                                                                                                                                                                                                                                                                                                                                                              |
| 10.6                  |   | Restricted                Share Award Agreement dated as of July 1, 1999 between Mitchell E.                Hersh and Mack-Cali Realty Corporation (filed as Exhibit 10.8 to the                Operating Partnership’s Form 10-Q dated June 30, 1999 and                incorporated herein by reference).                                                             |
|                  |   |                                                                                                                                                                                                                                                                                                                                                                                              |
| 10.7                  |   | Restricted                Share Award Agreement dated as of July 1, 1999 between Barry                Lefkowitz and Mack-Cali Realty Corporation (filed as Exhibit 10.12 to                the Operating Partnership’s Form 10-Q dated June 30, 1999 and                incorporated herein by reference).                                                              |
|                  |   |                                                                                                                                                                                                                                                                                                                                                                                              |
| 10.8                  |   | Restricted                Share Award Agreement dated as of July 1, 1999 between Roger W.                Thomas and Mack-Cali Realty Corporation (filed as Exhibit 10.13 to                the Operating Partnership’s Form 10-Q dated June 30, 1999 and                incorporated herein by reference).                                                              |
|                  |   |                                                                                                                                                                                                                                                                                                                                                                                              |
| 10.9                  |   | Restricted                Share Award Agreement dated as of March 12, 2001 between Roger W.                Thomas and Mack-Cali Realty Corporation (filed as Exhibit 10.10 to                the Operating Partnership’s Form 10-Q dated March 31, 2001 and                incorporated herein by reference).                                                           |
|                  |   |                                                                                                                                                                                                                                                                                                                                                                                              |
| 10.10                 |   | Restricted                Share Award Agreement dated as of March 12, 2001 between Michael                Grossman and Mack-Cali Realty Corporation (filed as Exhibit 10.11 to                the Operating Partnership’s Form 10-Q dated March 31, 2001 and                incorporated herein by reference).                                                          |
|                  |   |                                                                                                                                                                                                                                                                                                                                                                                              |
| 10.11                 |   | Restricted                Share Award Agreement effective as of January 2, 2003 by and between                Mack-Cali Realty Corporation and Mitchell E. Hersh (filed as                Exhibit 10.1 to the Corporation’s Form 8-K dated January 2,                2003 and incorporated herein by reference).                                                        |
|                  |   |                                                                                                                                                                                                                                                                                                                                                                                              |
| 10.12                 |   | Tax                Gross Up Agreement effective as of January 2, 2003 by and between                Mack-Cali Realty Corporation and Mitchell E. Hersh (filed as                Exhibit 10.2 to the Corporation’s Form 8-K dated January 2,                2003 and incorporated herein by reference).                                                                  |
|                  |   |                                                                                                                                                                                                                                                                                                                                                                                              |
| 10.13                 |   | First                Amendment effective as of January 2, 2003 to the Restricted Share                Award Agreement dated July 1, 1999 between Mack-Cali Realty                Corporation and Mitchell E. Hersh (filed as Exhibit 10.3 to the                Corporation’s Form 8-K dated January 2, 2003 and incorporated                herein by reference). |
|                  |   |                                                                                                                                                                                                                                                                                                                                                                                              |
| 10.14                 |   | Restricted                Share Award Agreement effective as of January 2, 2003 by and between                Mack-Cali Realty Corporation and Barry Lefkowitz (filed as                Exhibit 10.7 to the Corporation’s Form 8-K dated January 2,                2003 and incorporated herein by reference).                                                          |
|                  |   |                                                                                                                                                                                                                                                                                                                                                                                              |
| 10.15                 |   | Tax                Gross Up Agreement effective as of January 2, 2003 by and between                Mack-Cali Realty Corporation and Barry Lefkowitz (filed as                Exhibit 10.8 to the Corporation’s Form 8-K dated January 2,                2003 and incorporated herein by reference).                                                                    |
|                  |   |                                                                                                                                                                                                                                                                                                                                                                                              |
| 10.16                 |   | First                Amendment effective as of January 2, 2003 to the Restricted Share                Award Agreement dated July 1, 1999 between Mack-Cali Realty                Corporation and Barry Lefkowitz (filed as Exhibit 10.9 to the                Corporation’s Form 8-K dated January 2, 2003 and incorporated                herein by reference).   |
|                  |   |                                                                                                                                                                                                                                                                                                                                                                                              |

----

| **Exhibit****Number** |   | **Exhibit Title**                                                                                                                                                                                                                                                                                                                                                                                   |
|-----------------------|--------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|                  |   |                                                                                                                                                                                                                                                                                                                                                                                                     |
| 10.17                 |   | Restricted                Share Award Agreement effective as of January 2, 2003 by and between                Mack-Cali Realty Corporation and Roger W. Thomas (filed as                Exhibit 10.10 to the Corporation’s Form 8-K dated                January 2, 2003 and incorporated herein by                reference).                                                 |
|                  |   |                                                                                                                                                                                                                                                                                                                                                                                                     |
| 10.18                 |   | Tax                Gross Up Agreement effective as of January 2, 2003 by and between                Mack-Cali Realty Corporation and Roger W. Thomas (filed as                Exhibit 10.11 to the Corporation’s Form 8-K dated                January 2, 2003 and incorporated herein by                reference).                                                           |
|                  |   |                                                                                                                                                                                                                                                                                                                                                                                                     |
| 10.19                 |   | First                Amendment effective as of January 2, 2003 to the Restricted Share                Award Agreement dated July 1, 1999 between Mack-Cali Realty                Corporation and Roger W. Thomas (filed as Exhibit 10.12 to the                Corporation’s Form 8-K dated January 2, 2003 and incorporated                herein by reference).         |
|                  |   |                                                                                                                                                                                                                                                                                                                                                                                                     |
| 10.20                 |   | First                Amendment effective as of January 2, 2003 to the Restricted Share                Award Agreement dated March 12, 2001 between Mack-Cali Realty                Corporation and Roger W. Thomas (filed as Exhibit 10.13 to the                Corporation’s Form 8-K dated January 2, 2003 and incorporated                herein by reference).       |
|                  |   |                                                                                                                                                                                                                                                                                                                                                                                                     |
| 10.21                 |   | Restricted                Share Award Agreement effective as of January 2, 2003 by and between                Mack-Cali Realty Corporation and Michael A. Grossman (filed as                Exhibit 10.14 to the Corporation’s Form 8-K dated                January 2, 2003 and incorporated herein by                reference).                                             |
|                  |   |                                                                                                                                                                                                                                                                                                                                                                                                     |
| 10.22                 |   | Tax                Gross Up Agreement effective as of January 2, 2003 by and between                Mack-Cali Realty Corporation and Michael A. Grossman (filed as                Exhibit 10.15 to the Corporation’s Form 8-K dated                January 2, 2003 and incorporated herein by                reference).                                                       |
|                  |   |                                                                                                                                                                                                                                                                                                                                                                                                     |
| 10.23                 |   | Restricted                Share Award Agreement dated December 6, 1999 by and between Mack-Cali                Realty Corporation and Michael A. Grossman (filed as Exhibit 10.16 to                the Corporation’s Form 8-K dated January 2, 2003 and                incorporated herein by reference).                                                                     |
|                  |   |                                                                                                                                                                                                                                                                                                                                                                                                     |
| 10.24                 |   | First                Amendment effective as of January 2, 2003 to the Restricted Share                Award Agreement dated December 6, 1999 between Mack-Cali Realty                Corporation and Michael A. Grossman (filed as Exhibit 10.17 to the                Corporation’s Form 8-K dated January 2, 2003 and incorporated                herein by reference). |
|                  |   |                                                                                                                                                                                                                                                                                                                                                                                                     |
| 10.25                 |   | First                Amendment effective as of January 2, 2003 to the Restricted Share                Award Agreement dated March 12, 2001 between Mack-Cali Realty                Corporation and Michael A. Grossman (filed as Exhibit 10.18 to the                Corporation’s Form 8-K dated January 2, 2003 and incorporated                herein by reference).   |
|                  |   |                                                                                                                                                                                                                                                                                                                                                                                                     |
| 10.26                 |   | Restricted                Share Award Agreement effective as of December 2, 2003 by and between                Mack-Cali Realty Corporation and Mitchell E. Hersh (filed as                Exhibit 10.1 to the Corporation’s Form 8-K dated                December 2, 2003 and incorporated herein by                reference).                                              |
|                  |   |                                                                                                                                                                                                                                                                                                                                                                                                     |

----

| **Exhibit****Number** |   | **Exhibit Title**                                                                                                                                                                                                                                                                                                                                     |
|-----------------------|--------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|                  |   |                                                                                                                                                                                                                                                                                                                                                       |
| 10.27                 |   | Tax                Gross Up Agreement effective as of December 2, 2003 by and between                Mack-Cali Realty Corporation and Mitchell E. Hersh (filed as                Exhibit 10.2 to the Corporation’s Form 8-K dated                December 2, 2003 and incorporated herein by                reference).          |
|                  |   |                                                                                                                                                                                                                                                                                                                                                       |
| 10.28                 |   | Restricted                Share Award Agreement effective as of December 2, 2003 by and between                Mack-Cali Realty Corporation and Barry Lefkowitz (filed as                Exhibit 10.5 to the Corporation’s Form 8-K dated                December 2, 2003 and incorporated herein by                reference).  |
|                  |   |                                                                                                                                                                                                                                                                                                                                                       |
| 10.29                 |   | Tax                Gross Up Agreement effective as of December 2, 2003 by and between                Mack-Cali Realty Corporation and Barry Lefkowitz (filed as                Exhibit 10.6 to the Corporation’s Form 8-K dated                December 2, 2003 and incorporated herein by                reference).            |
|                  |   |                                                                                                                                                                                                                                                                                                                                                       |
| 10.30                 |   | Restricted                Share Award Agreement effective as of December 2, 2003 by and between                Mack-Cali Realty Corporation and Roger W. Thomas (filed as                Exhibit 10.7 to the Corporation’s Form 8-K dated                December 2, 2003 and incorporated herein by                reference).  |
|                  |   |                                                                                                                                                                                                                                                                                                                                                       |
| 10.31                 |   | Tax                Gross Up Agreement effective as of December 2, 2003 by and between                Mack-Cali Realty Corporation and Roger W. Thomas (filed as                Exhibit 10.8 to the Corporation’s Form 8-K dated                December 2, 2003 and incorporated herein by                reference).            |
|                  |   |                                                                                                                                                                                                                                                                                                                                                       |
| 10.32                 |   | Restricted                Share Award Agreement effective as of December 2, 2003 by and between                Mack-Cali Realty Corporation and Michael Grossman (filed as                Exhibit 10.9 to the Corporation’s Form 8-K dated                December 2, 2003 and incorporated herein by                reference). |
|                  |   |                                                                                                                                                                                                                                                                                                                                                       |
| 10.33                 |   | Tax                Gross Up Agreement effective as of December 2, 2003 by and between                Mack-Cali Realty Corporation and Michael Grossman (filed as                Exhibit 10.10 to the Corporation’s Form 8-K dated                December 2, 2003 and incorporated herein by                reference).          |
|                  |   |                                                                                                                                                                                                                                                                                                                                                       |
| 10.34                 |   | Restricted                Share Award Agreement effective December 7, 2004 by and between                Mack-Cali Realty Corporation and Mitchell E. Hersh (filed as                Exhibit 10.2 to the Corporation’s Form 8-K dated                December 7, 2004 and incorporated herein by                reference).      |
|                  |   |                                                                                                                                                                                                                                                                                                                                                       |
| 10.35                 |   | Tax                Gross Up Agreement effective December 7, 2004 by and between                Mack-Cali Realty Corporation and Mitchell E. Hersh (filed as                Exhibit 10.3 to the Corporation’s Form 8-K dated                December 7, 2004 and incorporated herein by                reference).                |
|                  |   |                                                                                                                                                                                                                                                                                                                                                       |
| 10.36                 |   | Restricted                Share Award Agreement effective December 7, 2004 by and between                Mack-Cali Realty Corporation and Barry Lefkowitz (filed as                Exhibit 10.4 to the Corporation’s Form 8-K dated                December 7, 2004 and incorporated herein by                reference).        |
|                  |   |                                                                                                                                                                                                                                                                                                                                                       |
| 10.37                 |   | Tax                Gross Up Agreement effective December 7, 2004 by and between                Mack-Cali Realty Corporation and Barry Lefkowitz (filed as                Exhibit 10.5 to the Corporation’s Form 8-K dated                December 7, 2004 and incorporated herein by                reference).                  |
|                  |   |                                                                                                                                                                                                                                                                                                                                                       |
| 10.38                 |   | Restricted                Share Award Agreement effective December 7, 2004 by and between                Mack-Cali Realty Corporation and Roger W. Thomas (filed as                Exhibit 10.6 to the Corporation’s Form 8-K dated                December 7, 2004 and incorporated herein by                reference).        |
|                  |   |                                                                                                                                                                                                                                                                                                                                                       |
| 10.39                 |   | Tax                Gross Up Agreement effective December 7, 2004 by and between                Mack-Cali Realty Corporation and Roger W. Thomas (filed as                Exhibit 10.7 to the Corporation’s Form 8-K dated                December 7, 2004 and incorporated herein by                reference).                  |
|                  |   |                                                                                                                                                                                                                                                                                                                                                       |

----

| **Exhibit****Number** |   | **Exhibit Title**                                                                                                                                                                                                                                                                                                                                            |
|-----------------------|--------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|                  |   |                                                                                                                                                                                                                                                                                                                                                              |
| 10.40                 |   | Restricted                Share Award Agreement effective December 7, 2004 by and between                Mack-Cali Realty Corporation and Michael A. Grossman (filed as                Exhibit 10.8 to the Corporation’s Form 8-K dated                December 7, 2004 and incorporated herein by                reference).           |
|                  |   |                                                                                                                                                                                                                                                                                                                                                              |
| 10.41                 |   | Tax                Gross Up Agreement effective December 7, 2004 by and between                Mack-Cali Realty Corporation and Michael A. Grossman (filed as                Exhibit 10.9 to the Corporation’s Form 8-K dated                December 7, 2004 and incorporated herein by                reference).                     |
|                  |   |                                                                                                                                                                                                                                                                                                                                                              |
| 10.42                 |   | Restricted                Share Award Agreement effective December 6, 2005 by and between                Mack-Cali Realty Corporation and Mitchell E. Hersh (filed as                Exhibit 10.2 to the Operating Partnership’s Form 8-K dated                December 6, 2005 and incorporated herein by                reference).   |
|                  |   |                                                                                                                                                                                                                                                                                                                                                              |
| 10.43                 |   | Tax                Gross Up Agreement effective December 6, 2005 by and between                Mack-Cali Realty Corporation and Mitchell E. Hersh (filed as                Exhibit 10.3 to the Operating Partnership’s Form 8-K dated                December 6, 2005 and incorporated herein by                reference).             |
|                  |   |                                                                                                                                                                                                                                                                                                                                                              |
| 10.44                 |   | Restricted                Share Award Agreement effective December 6, 2005 by and between                Mack-Cali Realty Corporation and Barry Lefkowitz (filed as                Exhibit 10.4 to the Operating Partnership’s Form 8-K dated                December 6, 2005 and incorporated herein by                reference).     |
|                  |   |                                                                                                                                                                                                                                                                                                                                                              |
| 10.45                 |   | Tax                Gross Up Agreement effective December 6, 2005 by and between                Mack-Cali Realty Corporation and Barry Lefkowitz (filed as                Exhibit 10.5 to the Operating Partnership’s Form 8-K dated                December 6, 2005 and incorporated herein by                reference).               |
|                  |   |                                                                                                                                                                                                                                                                                                                                                              |
| 10.46                 |   | Restricted                Share Award Agreement effective December 6, 2005 by and between                Mack-Cali Realty Corporation and Roger W. Thomas (filed as                Exhibit 10.6 to the Operating Partnership’s Form 8-K dated                December 6, 2005 and incorporated herein by                reference).     |
|                  |   |                                                                                                                                                                                                                                                                                                                                                              |
| 10.47                 |   | Tax                Gross Up Agreement effective December 6, 2005 by and between                Mack-Cali Realty Corporation and Roger W. Thomas (filed as                Exhibit 10.7 to the Operating Partnership’s Form 8-K dated                December 6, 2005 and incorporated herein by                reference).               |
|                  |   |                                                                                                                                                                                                                                                                                                                                                              |
| 10.48                 |   | Restricted                Share Award Agreement effective December 6, 2005 by and between                Mack-Cali Realty Corporation and Michael A. Grossman (filed as                Exhibit 10.8 to the Operating Partnership’s Form 8-K dated                December 6, 2005 and incorporated herein by                reference). |
|                  |   |                                                                                                                                                                                                                                                                                                                                                              |
| 10.49                 |   | Tax                Gross Up Agreement effective December 6, 2005 by and between                Mack-Cali Realty Corporation and Michael A. Grossman (filed as                Exhibit 10.9 to the Operating Partnership’s Form 8-K dated                December 6, 2005 and incorporated herein by                reference).           |
|                  |   |                                                                                                                                                                                                                                                                                                                                                              |
| 10.50                 |   | Restricted                Share Award Agreement by and between Mack-Cali Realty Corporation                and Mark                Yeager (filed as Exhibit 10.16 to the Operating Partnership’s Form 8-K                dated May 9, 2006 and incorporated herein by                reference).                                                            |
|                  |   |                                                                                                                                                                                                                                                                                                                                                              |
| 10.51                 |   | Restricted                Share Award Agreement effective December 5, 2006 by and between Mack-Cali                Realty Corporation and Mitchell E. Hersh (filed as Exhibit 10.1 to                the                Operating Partnership’s Form 8-K dated December 5, 2006 and incorporated                herein by reference).                       |
|                  |   |                                                                                                                                                                                                                                                                                                                                                              |
| 10.52                 |   | Tax                Gross Up Agreement effective December 5, 2006 by and between Mack-Cali                Realty Corporation and Mitchell E. Hersh (filed as Exhibit 10.2 to                the                Operating Partnership’s Form 8-K dated December 5, 2006 and incorporated                herein by reference).                                 |

----

| **Exhibit****Number** |   | **Exhibit Title**                                                                                                                                                                                                                                                                                                                         |
|-----------------------|--------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|                  |   |                                                                                                                                                                                                                                                                                                                                           |
| 10.53                 |   | Restricted                Share Award Agreement effective December 5, 2006 by and between Mack-Cali                Realty Corporation and Mitchell E. Hersh (filed as Exhibit 10.3 to                the                Operating Partnership’s Form 8-K dated December 5, 2006 and incorporated                herein by reference).    |
|                  |   |                                                                                                                                                                                                                                                                                                                                           |
| 10.54                 |   | Tax                Gross Up Agreement effective December 5, 2006 by and between Mack-Cali                Realty Corporation and Mitchell E. Hersh (filed as Exhibit 10.4 to                the                Operating Partnership’s Form 8-K dated December 5, 2006 and incorporated                herein by reference).              |
|                  |   |                                                                                                                                                                                                                                                                                                                                           |
| 10.55                 |   | Restricted                Share Award Agreement effective December 5, 2006 by and between Mack-Cali                Realty Corporation and Barry Lefkowitz (filed as Exhibit 10.5 to                the                Operating Partnership’s Form 8-K dated December 5, 2006 and incorporated                herein by reference).      |
|                  |   |                                                                                                                                                                                                                                                                                                                                           |
| 10.56                 |   | Tax                Gross Up Agreement effective December 5, 2006 by and between Mack-Cali                Realty Corporation and Barry Lefkowitz (filed as Exhibit 10.6 to                the                Operating Partnership’s Form 8-K dated December 5, 2006 and incorporated                herein by reference).                |
|                  |   |                                                                                                                                                                                                                                                                                                                                           |
| 10.57                 |   | Restricted                Share Award Agreement effective December 5, 2006 by and between Mack-Cali                Realty Corporation and Barry Lefkowitz (filed as Exhibit 10.7 to                the                Operating Partnership’s Form 8-K dated December 5, 2006 and incorporated                herein by reference).      |
|                  |   |                                                                                                                                                                                                                                                                                                                                           |
| 10.58                 |   | Tax                Gross Up Agreement effective December 5, 2006 by and between Mack-Cali                Realty Corporation and Barry Lefkowitz (filed as Exhibit 10.8 to                the                Operating Partnership’s Form 8-K dated December 5, 2006 and incorporated                herein by reference).                |
|                  |   |                                                                                                                                                                                                                                                                                                                                           |
| 10.59                 |   | Restricted                Share Award Agreement effective December 5, 2006 by and between Mack-Cali                Realty Corporation and Roger W. Thomas (filed as Exhibit 10.9 to                the                Operating Partnership’s Form 8-K dated December 5, 2006 and incorporated                herein by reference).      |
|                  |   |                                                                                                                                                                                                                                                                                                                                           |
| 10.60                 |   | Tax                Gross Up Agreement effective December 5, 2006 by and between Mack-Cali                Realty Corporation and Roger W. Thomas (filed as Exhibit 10.10 to                the                Operating Partnership’s Form 8-K dated December 5, 2006 and incorporated                herein by reference).               |
|                  |   |                                                                                                                                                                                                                                                                                                                                           |
| 10.61                 |   | Restricted                Share Award Agreement effective December 5, 2006 by and between Mack-Cali                Realty Corporation and Roger W. Thomas (filed as Exhibit 10.11 to                the                Operating Partnership’s Form 8-K dated December 5, 2006 and incorporated                herein by reference).     |
|                  |   |                                                                                                                                                                                                                                                                                                                                           |
| 10.62                 |   | Tax                Gross Up Agreement effective December 5, 2006 by and between Mack-Cali                Realty Corporation and Roger W. Thomas (filed as Exhibit 10.12 to                the                Operating Partnership’s Form 8-K dated December 5, 2006 and incorporated                herein by reference).               |
|                  |   |                                                                                                                                                                                                                                                                                                                                           |
| 10.63                 |   | Restricted                Share Award Agreement effective December 5, 2006 by and between Mack-Cali                Realty Corporation and Michael A. Grossman (filed as Exhibit 10.13                to the                Operating Partnership’s Form 8-K dated December 5, 2006 and incorporated                herein by reference). |
|                  |   |                                                                                                                                                                                                                                                                                                                                           |
| 10.64                 |   | Tax                Gross Up Agreement effective December 5, 2006 by and between Mack-Cali                Realty Corporation and Michael A. Grossman (filed as Exhibit 10.14                to the                Operating Partnership’s Form 8-K dated December 5, 2006 and incorporated                herein by reference).           |
|                  |   |                                                                                                                                                                                                                                                                                                                                           |
| 10.65                 |   | Restricted                Share Award Agreement effective December 5, 2006 by and between Mack-Cali                Realty Corporation and Michael A. Grossman (filed as Exhibit 10.15                to the                Operating Partnership’s Form 8-K dated December 5, 2006 and incorporated                herein by reference). |

----

| **Exhibit****Number** |   | **Exhibit Title**                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               |
|-----------------------|--------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|                  |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |
| 10.66                 |   | Tax                Gross Up Agreement effective December 5, 2006 by and between Mack-Cali                Realty Corporation and Michael A. Grossman (filed as Exhibit 10.16                to the                Operating Partnership’s Form 8-K dated December 5, 2006 and incorporated                herein by reference).                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |
|                  |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |
| 10.67                 |   | Restricted                Share Award Agreement effective December 5, 2006 by and between Mack-Cali                Realty Corporation and Mark Yeager (filed as Exhibit 10.17 to the                Operating Partnership’s Form 8-K dated December 5, 2006 and incorporated                herein by reference).                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              |
|                  |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |
| 10.68                 |   | Tax                Gross Up Agreement effective December 5, 2006 by and between Mack-Cali                Realty Corporation and Mark Yeager (filed as Exhibit 10.18 to the                Operating Partnership’s Form 8-K dated December 5, 2006 and incorporated                herein by reference).                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |
|                  |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |
| 10.69                 |   | Restricted                Share Award Agreement effective December 5, 2006 by and between Mack-Cali                Realty Corporation and Mark Yeager (filed as Exhibit 10.19 to the                Operating Partnership’s Form 8-K dated December 5, 2006 and incorporated                herein by reference).                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              |
|                  |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |
| 10.70                 |   | Tax                Gross Up Agreement effective December 5, 2006 by and between Mack-Cali                Realty Corporation and Mark Yeager (filed as Exhibit 10.20 to the                Operating Partnership’s Form 8-K dated December 5, 2006 and incorporated                herein by reference).                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |
|                  |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |
| 10.71                 |   | Amended                and Restated Revolving Credit Agreement dated as of September 27,                2002, among Mack-Cali Realty, L.P. and JPMorgan Chase Bank, Fleet                National                Bank and Other Lenders Which May Become Parties Thereto with JPMorgan                Chase Bank, as administrative agent, swing lender and fronting bank,                Fleet                National Bank and Commerzbank AG, New York and Grand Cayman branches                as                syndication agents, Bank of America, N.A. and Wells Fargo Bank, National                Association, as documentation agents, and J.P. Morgan Securities                Inc. and                Fleet Securities, Inc, as arrangers (filed as Exhibit 10.1 to the                Operating Partnership’s Form 8-K dated September 27, 2002 and                incorporated herein by reference). |
|                  |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |
| 10.72                 |   | Second                Amended and Restated Revolving Credit Agreement among Mack-Cali Realty,                L.P., JPMorgan Chase Bank, N.A., Bank of America, N.A., and other                lending                institutions that are or may become a party to the Second Amended                and                Restated Revolving Credit Agreement dated as of November 23, 2004                (filed as Exhibit 10.1 to the Operating Partnership’s Form 8-K                dated November 23, 2004 and incorporated herein by                reference).                                                                                                                                                                                                                                                                                                                                                      |
|                  |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |
| 10.73                 |   | Extension                and Modification Agreement dated as of September 16, 2005 by and                among Mack-Cali Realty, L.P., JPMorgan Chase Bank, N.A., as administrative                agent, and the several Lenders Party thereto (filed as Exhibit 10.1                to the Operating Partnership’s Form 8-K dated September 16, 2005                and incorporated herein by reference).                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               |
|                  |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |
| 10.74                 |   | Second                Modification Agreement dated as of July 14, 2006 by and among Mack-Cali                Realty, L.P., JPMorgan Chase Bank, N.A., as administrative agent,                and the                several Lenders party thereto (filed as Exhibit 10.1 to the Operating                Partnership’s Form 8-K dated July 14, 2006 and incorporated herein by                reference).                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |
|                  |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |
| 10.75                 |   | Amended                and Restated Master Loan Agreement dated as of November 12, 2004                among Mack-Cali Realty, L.P., and Affiliates of Mack-Cali Realty                Corporation and Mack-Cali Realty, L.P., as Borrowers, Mack-Cali Realty                Corporation and Mack-Cali Realty L.P., as Guarantors and The Prudential                Insurance Company of America, as Lender (filed as Exhibit 10.1 to the                Operating Partnership’s Form 8-K dated November 12, 2004 and                incorporated herein by reference).                                                                                                                                                                                                                                                                                                                                                    |
|                  |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |

----

| **Exhibit****Number** |   | **Exhibit Title**                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           |
|-----------------------|--------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|                  |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             |
| 10.76                 |   | Contribution                and Exchange Agreement among The MK Contributors, The MK Entities,                The                Patriot Contributors, The Patriot Entities, Patriot American Management                and Leasing Corp., Cali Realty, L.P. and Cali Realty Corporation,                dated                September 18, 1997 (filed as Exhibit 10.98 to the Corporation’s                Form 8-K dated September 19, 1997 and incorporated herein by                reference).                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |
|                  |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             |
| 10.77                 |   | First                Amendment to Contribution and Exchange Agreement, dated as of                December 11, 1997, by and among the Company and the Mack Group (filed                as Exhibit 10.99 to the Corporation’s Form 8-K dated                December 11, 1997 and incorporated herein by                reference).                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |
|                  |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             |
| 10.78                 |   | Employee                Stock Option Plan of Mack-Cali Realty Corporation (filed as                Exhibit 10.1 to the Corporation’s Post-Effective Amendment No. 1                to Form S-8, Registration No. 333-44443, and incorporated herein                by reference).                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      |
|                  |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             |
| 10.79                 |   | Director                Stock Option Plan of Mack-Cali Realty Corporation (filed as                Exhibit 10.2 to the Corporation’s Post-Effective Amendment No. 1                to Form S-8, Registration No. 333-44443, and incorporated herein                by reference).                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      |
|                  |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             |
| 10.80                 |   | 2000                Employee Stock Option Plan (filed as Exhibit 10.1 to the                Corporation’s Registration Statement on Form S-8, Registration                No. 333-52478, and incorporated herein by reference), as amended by                the First Amendment to the 2000 Employee Stock Option Plan (filed                as                Exhibit 10.17 to the Corporation’s Form 10-Q dated June 30,                2002 and incorporated herein by reference).                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |
|                  |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             |
| 10.81                 |   | Amended                and Restated 2000 Director Stock Option Plan (filed as Exhibit 10.2                to the Corporation’s Post-Effective Amendment No. 1 to Registration                Statement on Form S-8, Registration No. 333-100244, and                incorporated herein by reference).                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |
|                  |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             |
| 10.82                 |   | Mack-Cali                Realty Corporation 2004 Incentive Stock Plan (filed as Exhibit 10.1                to the Corporation’s Registration Statement on Form S-8, Registration                No. 333-116437, and incorporated herein by                reference).                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      |
|                  |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             |
| 10.83                 |   | Deferred                Compensation Plan for Directors (filed as Exhibit 10.1 to the                Corporation’s Registration Statement on Form S-8, Registration                No. 333-80081, and incorporated herein by                reference).                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |
|                  |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             |
| 10.84                 |   | Form of                Indemnification Agreement by and between Mack-Cali Realty Corporation                and                each of William L. Mack, John J. Cali, Mitchell E. Hersh, John R.                Cali,                David S. Mack, Martin S. Berger, Alan S. Bernikow, Kenneth M. Duberstein,                Martin D. Gruss, Nathan Gantcher, Vincent Tese, Roy J. Zuckerberg,                Alan G.                Philibosian, Irvin D. Reid, Robert F. Weinberg, Barry Lefkowitz,                Roger W.                Thomas, Michael A. Grossman, Mark Yeager, Anthony Krug, Dean Cingolani,                Anthony DeCaro Jr., Mark Durno, William Fitzpatrick, John Kropke,                Nicholas                Mitarotonda, Jr., Michael Nevins, Virginia Sobol, Albert Spring,                Daniel Wagner, Deborah Franklin, John Marazzo, Christopher DeLorenzo,                Jeffrey Warner, Diane Chayes and James Corrigan (filed as                Exhibit 10.28 to the Operating Partnership’s Form 10-Q dated                September 30, 2002 and incorporated herein by                reference). |
|                  |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             |
| 10.85                 |   | Indemnification                Agreement dated October 22, 2002 by and between Mack-Cali Realty                Corporation and John Crandall (filed as Exhibit 10.29 to the                Operating Partnership’s Form 10-Q dated September 30, 2002 and                incorporated herein by reference).                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            |
|                  |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             |
| 10.86                 |   | Second                Amendment to Contribution and Exchange Agreement, dated as of                June 27, 2000, between RMC Development Company, LLC f/k/a Robert                Martin Company, LLC, Robert Martin Eastview North Company, L.P.,                the                Company and the Operating Partnership (filed as Exhibit 10.44 to the                Operating Partnership’s Form 10-K dated December 31, 2002 and                incorporated herein by                reference).                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               |

----

| **Exhibit****Number** |   | **Exhibit Title**                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                |
|-----------------------|--------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|                  |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  |
| 10.87                 |   | Limited                Partnership Agreement of Meadowlands Mills/Mack-Cali Limited Partnership                by and between Meadowlands Mills Limited Partnership, Mack-Cali                Meadowlands Entertainment L.L.C. and Mack-Cali Meadowlands Special                L.L.C.                dated November 25, 2003 (filed as Exhibit 10.1 to the                Corporation’s Form 8-K dated December 3, 2003 and incorporated                herein by reference).                                                                                                                                                                                                                                                                                                                                                                              |
|                  |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  |
| 10.88                 |   | Redevelopment                Agreement by and between the New Jersey Sports and Exposition Authority                and Meadowlands Mills/Mack-Cali Limited Partnership dated December 3,                2003 (filed as Exhibit 10.2 to the Corporation’s Form 8-K dated                December 3, 2003 and incorporated herein by                reference).                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              |
|                  |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  |
| 10.89                 |   | First                Amendment to Redevelopment Agreement by and between the New Jersey                Sports                and Exposition Authority and Meadowlands Mills/Mack-Cali Limited                Partnership dated October 5, 2004 (filed as Exhibit 10.54 to the                Corporation’s Form 10-Q dated September 30, 2004 and                incorporated herein by reference).                                                                                                                                                                                                                                                                                                                                                                                                                                                         |
|                  |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  |
| 10.90                 |   | Letter                Agreement by and between Mack-Cali Realty Corporation and The Mills                Corporation dated October 5, 2004 (filed as Exhibit 10.55 to the                Corporation’s Form 10-Q dated September 30, 2004 and                incorporated herein by reference).                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             |
|                  |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  |
| 10.91                 |   | First                Amendment to Limited Partnership Agreement of Meadowlands Mills/Mack-Cali                Limited Partnership by and between Meadowlands Mills Limited Partnership,                Mack-Cali Meadowlands Entertainment L.L.C. and Mack-Cali Meadowlands                Special L.L.C. dated as of June 30, 2005 (filed as Exhibit 10.66                to the Operating Partnership’s Form 10-Q dated June 30, 2005 and                incorporated herein by reference).                                                                                                                                                                                                                                                                                                                                                               |
|                  |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  |
| 10.92                 |   | Mack-Cali                Rights, Obligations and Option Agreement by and between Meadowlands                Developer Limited Partnership, Meadowlands Limited Partnership,                Meadowlands Developer Holding Corp., Meadowlands Mack-Cali GP, L.L.C.,                Mack-Cali Meadowlands Special, L.L.C., Baseball Meadowlands                Mills/Mack-Cali Limited Partnership, A-B Office Meadowlands Mack-Cali                Limited Partnership, C-D Office Meadowlands Mack-Cali Limited Partnership,                Hotel Meadowlands Mack-Cali Limited Partnership and ERC Meadowlands                Mills/Mack-Cali Limited Partnership dated November 22, 2006 (filed                as                Exhibit 10.92 to the Operating Partnership’s Form 10-K dated December 31,                2006 and incorporated herein by reference).          |
|                  |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  |
| 10.93                 |   | Redemption                Agreement by and among Meadowlands Developer Limited Partnership,                Meadowlands Developer Holding Corp., Mack-Cali Meadowlands entertainment                L.L.C., Mack-Cali Meadowlands Special L.L.C., and Meadowlands Limited                Partnership dated November 22, 2006 (filed as Exhibit 10.93 to the                Operating Partnership’s Form 10-K dated December 31, 2006 and incorporated                herein by reference).                                                                                                                                                                                                                                                                                                                                                                                       |
|                  |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  |
| 10.94                 |   | Contribution                and Exchange Agreement by and between Mack-Cali Realty, L.P. and                Tenth                Springhill Lake Associates L.L.L.P., Eleventh Springhill Lake Associates                L.L.L.P., Twelfth Springhill Lake Associates L.L.L.P., Fourteenth                Springhill Lake Associates L.L.L.P., each a Maryland limited liability                limited partnership, Greenbelt Associates, a Maryland general partnership,                and Sixteenth Springhill Lake Associates L.L.L.P., a Maryland limited                liability limited partnership, and certain other natural persons,                dated as                of November 21, 2005 (filed as Exhibit 10.69 to the Operating                Partnership’s Form 10-K dated December 31, 2005 and incorporated herein by                reference). |
|                  |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  |
| 10.95                 |   | Membership                Interest Purchase and Contribution Agreement by and among Mr. Stanley                C.                Gale, SCG Holding Corp., Mack-Cali Realty Acquisition Corp. and Mack-Cali                Realty, L.P. dated as of March 7, 2006 (filed as Exhibit 10.1 to                the                Operating Partnership’s Form 8-K dated March 7, 2006 and incorporated                herein by reference).                                                                                                                                                                                                                                                                                                                                                                                                                                         |
|                  |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  |

----

| **Exhibit****Number** |   | **Exhibit Title**                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             |
|-----------------------|--------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|                  |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               |
| 10.96                 |   | Amendment                No. 1 to Membership Interest Purchase and Contribution Agreement                dated as                of March 31, 2006 (filed as Exhibit 10.1 to the Operating Partnership’s                Form 8-K dated March 28, 2006 and incorporated herein by reference).                                                                                                                                                                                                                                                                                                                 |
|                  |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               |
| 10.97                 |   | Amendment                No. 2 to Membership Interest Purchase and Contribution Agreement                dated as of May 9, 2006 (filed as Exhibit 10.1 to the Operating                Partnership’s Form 8-K dated May 9, 2006 and incorporated herein by                reference).                                                                                                                                                                                                                                                                                                             |
|                  |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               |
| 10.98                 |   | Contribution                and Sale Agreement by and among Gale SLG NJ LLC, a Delaware limited                liability company, Gale SLG NJ MEZZ LLC, a Delaware limited liability                company, and Gale SLG RIDGEFIELD MEZZ LLC, a Delaware limited liability                company and Mack-Cali Ventures L.L.C. dated as of March 7, 2006 (filed                as                Exhibit 10.2 to the Operating Partnership’s Form 8-K dated March 7, 2006                and incorporated herein by reference).                                                                            |
|                  |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               |
| 10.99                 |   | First                Amendment to Contribution and Sale Agreement by and among GALE SLG                NJ LLC,                a Delaware limited liability company, GALE SLG NJ MEZZ LLC, a Delaware                limited liability company, and GALE SLG RIDGEFIELD MEZZ LLC, a Delaware                limited liability company, and Mack-Cali Ventures L.L.C., a Delaware                limited liability company, dated as of May 9, 2006 (filed as Exhibit                10.4 to the Operating Partnership’s Form 8-K dated May 9, 2006 and                incorporated herein by reference). |
|                  |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               |
| 10.100                |   | Non-Portfolio                Property Interest Contribution Agreement by and among Mr. Stanley C.                Gale, Mr. Mark Yeager, GCF II Investor LLC, The Gale Investments                Company, LLC, Gale & Wentworth Vreeland, LLC, Gale Urban                Solutions LLC, MSGW-ONE Campus Investors, LLC, Mack-Cali Realty                Acquisition Corp. and Mack-Cali Realty, L.P. dated as of May 9, 2006                (filed as Exhibit 10.2 to the Operating Partnership’s Form 8-K dated May                9, 2006 and incorporated herein by reference).   |
|                  |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               |
| 10.101                |   | Loan                Agreement by and among the entities set forth on Exhibit A,                collectively, as Borrowers, and Gramercy Warehouse Funding I LLC,                as                Lender, dated May 9, 2006 (filed as Exhibit 10.5 to the Operating                Partnership’s Form 8-K dated May 9, 2006 and incorporated herein by                reference).                                                                                                                                                                                                                  |
|                  |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               |
| 10.102                |   | Promissory                Note of One Grande SPE LLC, 1280 Wall SPE LLC, 10 Sylvan SPE LLC,                5                Independence SPE LLC, 1 Independence SPE LLC, and 3 Becker SPE LLC,                as                Borrowers, in favor of Gramercy Warehouse Funding I, LLC, as Lender,                in                the principal amount of $90,286,551 dated May 9, 2006 (filed as                Exhibit 10.6 to the Operating Partnership’s Form 8-K dated May 9, 2006 and                incorporated herein by reference).                                                      |
|                  |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               |
| 10.103                |   | Mortgage,                Security Agreement and Fixture Filing by and between 4 Becker SPE                LLC, as                Borrower, and Wachovia Bank, National Association, as Lender, dated                May 9, 2006 (filed as Exhibit 10.7 to the Operating Partnership’s                Form 8-K dated May 9, 2006 and incorporated herein by                reference).                                                                                                                                                                                                                   |
|                  |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               |
| 10.104                |   | Promissory                Note of 4 Becker SPE LLC, as Borrower, in favor of Wachovia Bank,                National                Association, as Lender, in the principal amount of $43,000,000 dated                May 9, 2006 (filed as Exhibit 10.8 to the Operating Partnership’s                Form 8-K dated May 9, 2006 and incorporated herein by                reference).                                                                                                                                                                                                                |
|                  |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               |
| 10.105                |   | Mortgage,                Security Agreement and Fixture Filing by and between 210 Clay SPE                LLC, as                Borrower, and Wachovia Bank, National Association, as Lender, dated                May 9, 2006 (filed as Exhibit 10.9 to the Operating Partnership’s                Form 8-K dated May 9, 2006 and incorporated herein by                reference).                                                                                                                                                                                                                   |
|                  |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               |
| 10.106                |   | Promissory                Note of 210 Clay SPE LLC, as Borrower, in favor of Wachovia Bank,                National                Association, as Lender, in the principal amount of $16,000,000 dated                May 9, 2006 (filed as Exhibit 10.10 to the Operating Partnership’s                Form 8-K dated May 9, 2006 and incorporated herein by                reference).                                                                                                                                                                                                               |
|                  |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               |

----

| **Exhibit****Number** |   | **Exhibit Title**                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          |
|-----------------------|--------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|                  |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            |
| 10.107                |   | Mortgage,                Security Agreement and Fixture Filing by and between 5 Becker SPE                LLC, as                Borrower, and Wachovia Bank, National Association, as Lender, dated                May 9, 2006 (filed as Exhibit 10.11 to the Operating Partnership’s                Form 8-K dated May 9, 2006 and incorporated herein by                reference).                                                                                                                                                                                               |
|                  |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            |
| 10.108                |   | Promissory                Note of 5 Becker SPE LLC, as Borrower, in favor of Wachovia Bank,                National                Association, as Lender, in the principal amount of $15,500,000 dated                May 9, 2006 (filed as Exhibit 10.12 to the Operating Partnership’s                Form 8-K dated May 9, 2006 and incorporated herein by                reference).                                                                                                                                                                                            |
|                  |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            |
| 10.109                |   | Mortgage,                Security Agreement and Fixture Filing by and between 51 CHUBB SPE                LLC, as                Borrower, and Wachovia Bank, National Association, as Lender, dated                May 9, 2006 (filed as Exhibit 10.13 to the Operating Partnership’s                Form 8-K dated May 9, 2006 and incorporated herein by                reference).                                                                                                                                                                                               |
|                  |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            |
| 10.110                |   | Promissory                Note of 51 CHUBB SPE LLC, as Borrower, in favor of Wachovia Bank,                National                Association, as Lender, in the principal amount of $4,500,000 dated                May 9, 2006 (filed as Exhibit 10.14 to the Operating Partnership’s                Form 8-K dated May 9, 2006 and incorporated herein by                reference).                                                                                                                                                                                             |
|                  |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            |
| 10.111                |   | Form                of Amended and Restated Limited Liability Company Agreement of                Mack-Green-Gale LLC dated                                ,                2006 (filed as Exhibit 10.3 to the Operating Partnership’s Form 8-K dated                March 7, 2006 and incorporated herein by reference).                                                                                                                                                                                 |
|                  |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            |
| 10.112                |   | Form of                Limited Liability Company Operating Agreement (filed as Exhibit 10.3                to                the Operating Partnership’s Form 8-K dated May 9, 2006 and incorporated                herein by reference).                                                                                                                                                                                                                                                                                                                                            |
|                  |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            |
| 10.113                |   | Agreement                of Sale and Purchase dated August 9, 2006 by and between Mack-Cali                Realty,                L.P. and Westcore Properties AC, LLC (filed as Exhibit 10.91 to the                Operating Partnership’s Form 10-Q dated September 30, 2006 and                incorporated herein by reference).                                                                                                                                                                                                                                                     |
|                  |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            |
| 10.114                |   | First                Amendment to Agreement of Sale and Purchase dated September 6, 2006                by and                between Mack-Cali Realty, L.P. and Westcore Properties AC, LLC (filed                as                Exhibit 10.92 to the Operating Partnership’s Form 10-Q dated September 30,                2006 and incorporated herein by reference).                                                                                                                                                                                                                |
|                  |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            |
| 10.115                |   | Second                Amendment to Agreement of Sale and Purchase dated September 15, 2006                by                and between Mack-Cali Realty, L.P. and Westcore Properties AC, LLC                (filed                as Exhibit 10.93 to the Operating Partnership’s Form 10-Q dated September                30, 2006 and incorporated herein by reference).                                                                                                                                                                                                              |
|                  |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            |
| 10.116                |   | Agreement                of Sale and Purchase dated September 25, 2006 by and between Phelan                Realty                Associates L.P., 795 Folsom Realty Associates L.P. and Westcore Properties                AC, LLC (filed as Exhibit 10.94 to the Operating Partnership’s Form 10-Q                dated September 30, 2006 and incorporated herein by                reference).                                                                                                                                                                                        |
|                  |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            |
| 10.117                |   | Membership                Interest Purchase and Contribution Agreement dated as of December                28,                2006, by and among NKFGMS Owners, LLC, The Gale Construction Services                Company, L.L.C., NKFFM Limited Liability Company, Scott Panzer, Ian                Marlow, Newmark & Company Real Estate, Inc. d/b/a Newmark Knight                Frank, and Mack-Cali Realty, L.P (filed                as Exhibit 10.117 to the Operating Partnership’s Form 10-K dated December                31, 2006 and incorporated herein by reference). |
|                  |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            |

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| **Exhibit****Number** |   | **Exhibit Title**                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             |
|-----------------------|--------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|                  |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               |
| 10.118                |   | Operating                Agreement of NKFGMS Owners, LLC (filed                as Exhibit 10.118 to the Operating Partnership’s Form 10-K dated December                31, 2006 and incorporated herein by reference).                                                                                                                                                                                                                                                                                      |
|                  |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               |
| 10.119                |   | Loans,                Sale and Services Agreement dated December 28, 2006 by and between                Newmark                & Company Real Estate, Inc. d/b/a Newmark Knight Frank, Mack-Cali                Realty, L.P., and Newmark Knight Frank Global Management Services,                LLC                (filed                as Exhibit 10.119 to the Operating Partnership’s Form 10-K dated December                31, 2006 and incorporated herein by reference).                      |
|                  |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               |
| 10.120                |   | Term                Loan Agreement among Mack-Cali Realty, L.P. and JPMorgan Chase Bank,                N.A.                as Administrative Agent, J.P. Morgan Securities Inc. as Arranger,                and                other lender which may become parties to this Agreement dated November                29,                2006 (filed                as Exhibit 10.120 to the Operating Partnership’s Form 10-K dated December                31, 2006 and incorporated herein by reference). |
|                  |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               |
| 10.121*               |   | Agreement                of Purchase and Sale among SLG Broad Street A LLC and SLG Broad Street                C                LLC, as Sellers, and M-C Broad 125 A L.L.C. and M-C Broad 125 C L.L.C.,                as                Purchasers, dated as of March 15, 2007.                                                                                                                                                                                                                                   |
|                  |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               |
| 10.122*               |   | Agreement                of Purchase and Sale among 500 West Putnam L.L.C., as Seller, and                SLG 500                West Putnam LLC, as Purchaser, dated as of March 15,                2007.                                                                                                                                                                                                                                                                                                         |
|                  |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               |
| 31.1*                 |   | Certification                of the Corporation’s President and Chief Executive Officer, Mitchell E.                Hersh, pursuant to Section 302 of the Sarbanes-Oxley Act of                2002.                                                                                                                                                                                                                                                                                                    |
|                  |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               |
| 31.2*                 |   | Certification                of the Corporation’s Chief Financial Officer, Barry Lefkowitz, pursuant to                Section 302 of the Sarbanes-Oxley Act of 2002.                                                                                                                                                                                                                                                                                                                                   |
|                  |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               |
| 32.1*                 |   | Certification                of the Corporation’s President and Chief Executive Officer, Mitchell E.                Hersh, and the Corporation’s Chief Financial Officer, Barry Lefkowitz,                pursuant to Section 906 of the Sarbanes-Oxley Act of                2002.                                                                                                                                                                                                               |

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