----

**FORM      10-Q**

**QUARTERLY      REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE**

**SECURITIES      EXCHANGE ACT OF      1934**

| For                the quarterly period ended September 30,                2007 |
|---------------------------------------------------------------------------------|

**TRANSITION      REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE**

**SECURITIES      EXCHANGE ACT OF      1934**

| For                the transition period from |                                                            to |
|-----------------------------------------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| Commission                File Number: | 333-57103 |
|----------------------------------------|-----------|

|                                                                                 | Mack-Cali                Realty, L.P. |   |
|--------------------------------------------------------------------------------------|---------------------------------------|--------|
| (Exact                name of registrant as specified in its                charter) |

| 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) |

|                                                                                     | (732)                590-1000 |   |
|------------------------------------------------------------------------------------------|-------------------------------|--------|
| (Registrant’s                telephone number, including area                code) |

| Not                Applicable                                                                                    |
|------------------------------------------------------------------------------------------------------------------|
| (Former                name, former address and former fiscal year, if changed since last                report) |

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

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

----

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

**FORM      10-Q**

**INDEX**

| **Part                  I**        | **Financial                  Information**                                            | **Page** |
|------------------------------------|---------------------------------------------------------------------------------------|----------|
|                               |                                                                                  |     |
| Item                  1.           | Financial                  Statements *(unaudited):*                                  |     |
|                               |                                                                                  |     |
|                               | Consolidated                  Balance Sheets as of September 30, 2007                 |     |
|                               | and                  December 31, 2006                                                | 4        |
|                               |                                                                                  |     |
|                               | Consolidated                  Statements of Operations for the three and nine month   |     |
|                               | periods                  ended September 30, 2007 and 2006                            | 5        |
|                               |                                                                                  |     |
|                               | Consolidated                  Statement of Changes in Partners’ Capital for the |     |
|                               | nine                  months ended September 30, 2007                                 | 6        |
|                               |                                                                                  |     |
|                               | Consolidated                  Statements of Cash Flows for the nine months ended      |     |
|                               | September                  30, 2007 and 2006                                          | 7        |
|                               |                                                                                  |     |
|                               | Notes                  to Consolidated Financial Statements                           | 8-41     |
|                               |                                                                                  |     |
| Item                  2.           | Management’s                  Discussion and Analysis of Financial Condition    |     |
|                               | and                  Results of Operations                                            | 42-60    |
|                               |                                                                                  |     |
| Item                  3.           | Quantitative                  and Qualitative Disclosures About Market Risk           | 60       |
|                               |                                                                                  |     |
| Item                  4.           | Controls                  and Procedures                                              | 60       |
|                               |                                                                                  |     |
| **Part                  II**       | **Other                  Information**                                                |     |
|                               |                                                                                  |     |
| Item                  1.           | Legal                  Proceedings                                                    | 61       |
|                               |                                                                                  |     |
| Item                  1A.          | Risk                  Factors                                                         | 61       |
|                               |                                                                                  |     |
| Item                  2.           | Unregistered                  Sales of Equity Securities and Use of Proceeds          | 62       |
|                               |                                                                                  |     |
| Item                  3.           | Defaults                  Upon Senior Securities                                      | 62       |
|                               |                                                                                  |     |
| Item                  4.           | Submission                  of Matters to a Vote of Security Holders                  | 62       |
|                               |                                                                                  |     |
| Item                  5.           | Other                  Information                                                    | 63       |
|                               |                                                                                  |     |
| Item                  6.           | Exhibits                                                                              | 63       |
|                               |                                                                                  |     |
| **Signatures**                     |                                                                                  | 64       |
|                               |                                                                                  |     |
| **Exhibit                  Index** |                                                                                  | 65-80    |

----

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

**Part      I – Financial Information**

**Item      1.        Financial      Statements**

----

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

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

| **ASSETS**                                                                                                              |   | September                30,2007 |      |   | December                31,2006 |   |
|-------------------------------------------------------------------------------------------------------------------------|--------|----------------------------------|-----------|--------|---------------------------------|--------|
| Rental                property                                                                                          |   |                             |      |   |                            |   |
| Land                and leasehold interests                                                                             |   | $                                | 724,056   |   |                            | $      | 659,169 |   |
| Buildings                and improvements                                                                               |   |                             | 3,741,029 |   |                            |   | 3,549,699 |   |
| Tenant                improvements                                                                                      |   |                             | 385,892   |   |                            |   | 356,495 |   |
| Furniture,                fixtures and equipment                                                                        |   |                             | 9,220     |   |                            |   | 8,224 |   |
|                                                                                                                    |   |                             | 4,860,197 |   |                            |   | 4,573,587 |   |
| Less                – accumulated depreciation and amortization                                                   |   |                             | (869,888  | )      |                            |   | (796,793 | ) |
| Net                investment in rental                property                                                         |   |                             | 3,990,309 |   |                            |   | 3,776,794 |   |
| Cash                and cash equivalents                                                                                |   |                             | 29,981    |   |                            |   | 101,223 |   |
| Marketable                securities available for sale at fair value                                                   |   |                             | 5,111     |   |                            |   | -- |   |
| Investments                in unconsolidated joint ventures                                                             |   |                             | 179,077   |   |                            |   | 160,301 |   |
| Unbilled                rents receivable, net                                                                           |   |                             | 106,751   |   |                            |   | 100,847 |   |
| Deferred                charges and other assets, net                                                                   |   |                             | 261,394   |   |                            |   | 240,637 |   |
| Restricted                cash                                                                                          |   |                             | 13,639    |   |                            |   | 15,448 |   |
| Accounts                receivable, net of allowance for doubtful accounts                                              |   |                             |      |   |                            |   |   |   |
| of                $2,761 and $1,260                                                                                     |   |                             | 29,573    |   |                            |   | 27,639 |   |
|                                                                                                                    |   |                             |      |   |                            |   |   |   |
| Total                assets                                                                                             |   | $                                | 4,615,835 |   |                            | $      | 4,422,889 |   |
|                                                                                                                    |   |                             |      |   |                            |   |   |   |
| **LIABILITIES                AND PARTNERS’ CAPITAL**                                                              |   |                             |      |   |                            |   |   |   |
| Senior                unsecured notes                                                                                   |   | $                                | 1,632,280 |   |                            | $      | 1,631,482 |   |
| Revolving                credit facility                                                                                |   |                             | 166,000   |   |                            |   | 145,000 |   |
| Mortgages,                loans payable and other obligations                                                           |   |                             | 332,838   |   |                            |   | 383,477 |   |
| Distributions                payable                                                                                    |   |                             | 53,554    |   |                            |   | 50,591 |   |
| Accounts                payable, accrued expenses and other liabilities                                                 |   |                             | 150,949   |   |                            |   | 122,134 |   |
| Rents                received in advance and security deposits                                                          |   |                             | 44,841    |   |                            |   | 45,972 |   |
| Accrued                interest payable                                                                                 |   |                             | 18,787    |   |                            |   | 34,106 |   |
| Total                liabilities                                                                                        |   |                             | 2,399,249 |   |                            |   | 2,412,762 |   |
|                                                                                                                    |   |                             |      |   |                            |   |   |   |
| Minority                interests in consolidated joint ventures                                                        |   |                             | 1,538     |   |                            |   | 2,117 |   |
|                                                                                                                    |   |                             |      |   |                            |   |   |   |
| Commitments                and contingencies                                                                            |   |                             |      |   |                            |   |   |   |
|                                                                                                                    |   |                             |      |   |                            |   |   |   |
| **Partners’                capital:**                                                                             |   |                             |      |   |                            |   |   |   |
| General                Partner 10,000 preferred units outstanding                                                       |   |                             | 24,836    |   |                            |   | 24,836 |   |
| General                Partner 67,648,417 and 62,925,191 common units outstanding                                       |   |                             | 1,719,469 |   |                            |   | 1,503,071 |   |
| Limited                partners, 15,246,628 and 15,342,283 common units                outstanding                      |   |                             | 470,516   |   |                            |   | 480,103 |   |
| Accumulated                other comprehensive income                                                                   |   |                             | 227       |   |                            |   | -- |   |
| Total                partners’ capital                                                                            |   |                             | 2,215,048 |   |                            |   | 2,008,010 |   |
|                                                                                                                    |   |                             |      |   |                            |   |   |   |
| Total                liabilities and partners’ capital                                                            |   | $                                | 4,615,835 |   |                            | $      | 4,422,889 |   |
|                                                                                                                    |   |                             |      |   |                            |   |   |   |
|                                                                                                                    |   |                             |      |   |                            |   |   |   |
| *The                accompanying notes are an integral part of these consolidated financial                statements.* |   |

----

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

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

|                                                                                                                    |   | Three                Months Ended |    |   | Nine                Months Ended |   |
|-------------------------------------------------------------------------------------------------------------------------|--------|-----------------------------------|---------|--------|----------------------------------|--------|
|                                                                                                                    |   | September                30,      |    |   | September                30,     |   |
| **REVENUES**                                                                                                            |   | 2007                              |    |   | 2006                             |   |   | 2007 |   |   | 2006 |   |
| Base                rents                                                                                               |   | $                                 | 145,535 |   |                             | $      | 137,270 |   |   | $ | 427,574 |   |   | $ | 398,109 |   |
| Escalations                and recoveries from tenants                                                                  |   |                              | 27,491  |   |                             |   | 24,959 |   |   |   | 79,477 |   |   |   | 69,202 |   |
| Construction                services                                                                                    |   |                              | 22,912  |   |                             |   | 23,237 |   |   |   | 68,722 |   |   |   | 36,286 |   |
| Real                estate services                                                                                     |   |                              | 5,567   |   |                             |   | 10,652 |   |   |   | 13,267 |   |   |   | 19,015 |   |
| Other                income                                                                                             |   |                              | 11,376  |   |                             |   | 5,134 |   |   |   | 17,628 |   |   |   | 13,318 |   |
| Total                revenues                                                                                           |   |                              | 212,881 |   |                             |   | 201,252 |   |   |   | 606,668 |   |   |   | 535,930 |   |
|                                                                                                                    |   |                              |    |   |                             |   |   |   |   |   |   |   |   |   |   |   |
| **EXPENSES**                                                                                                            |   |                              |    |   |                             |   |   |   |   |   |   |   |   |   |   |   |
| Real                estate taxes                                                                                        |   |                              | 22,422  |   |                             |   | 22,499 |   |   |   | 69,744 |   |   |   | 64,431 |   |
| Utilities                                                                                                               |   |                              | 21,944  |   |                             |   | 18,565 |   |   |   | 54,818 |   |   |   | 46,235 |   |
| Operating                services                                                                                       |   |                              | 27,096  |   |                             |   | 29,831 |   |   |   | 79,070 |   |   |   | 75,867 |   |
| Direct                construction costs                                                                                |   |                              | 22,479  |   |                             |   | 22,569 |   |   |   | 66,024 |   |   |   | 35,148 |   |
| General                and administrative                                                                               |   |                              | 13,411  |   |                             |   | 12,173 |   |   |   | 37,351 |   |   |   | 32,794 |   |
| Depreciation                and amortization                                                                            |   |                              | 49,790  |   |                             |   | 39,726 |   |   |   | 135,064 |   |   |   | 115,681 |   |
| Total                expenses                                                                                           |   |                              | 157,142 |   |                             |   | 145,363 |   |   |   | 442,071 |   |   |   | 370,156 |   |
| Operating                income                                                                                         |   |                              | 55,739  |   |                             |   | 55,889 |   |   |   | 164,597 |   |   |   | 165,774 |   |
|                                                                                                                    |   |                              |    |   |                             |   |   |   |   |   |   |   |   |   |   |   |
| **OTHER                (EXPENSE) INCOME**                                                                               |   |                              |    |   |                             |   |   |   |   |   |   |   |   |   |   |   |
| Interest                expense                                                                                         |   |                              | (32,163 | )      |                             |   | (35,466 | ) |   |   | (94,432 | ) |   |   | (99,575 | ) |
| Interest                and other investment income                                                                     |   |                              | 985     |   |                             |   | 514 |   |   |   | 4,173 |   |   |   | 2,359 |   |
| Equity                in earnings (loss) of unconsolidated joint ventures                                               |   |                              | (1,559  | )      |                             |   | (4,757 | ) |   |   | (5,486 | ) |   |   | (5,356 | ) |
| Minority                interest in consolidated joint ventures                                                         |   |                              | 51      |   |                             |   | 113 |   |   |   | 492 |   |   |   | 143 |   |
| Gain                on sale of investment in marketable securities                                                      |   |                              | --      |   |                             |   | -- |   |   |   | -- |   |   |   | 15,060 |   |
| Total                other (expense) income                                                                             |   |                              | (32,686 | )      |                             |   | (39,596 | ) |   |   | (95,253 | ) |   |   | (87,369 | ) |
| Income                from continuing operations                                                                        |   |                              | 23,053  |   |                             |   | 16,293 |   |   |   | 69,344 |   |   |   | 78,405 |   |
| Discontinued                operations:                                                                                 |   |                              |    |   |                             |   |   |   |   |   |   |   |   |   |   |   |
| Income                from discontinued operations                                                                      |   |                              | 24      |   |                             |   | 4,237 |   |   |   | 1,297 |   |   |   | 11,668 |   |
| Realized                gains (losses) and unrealized losses                                                            |   |                              |    |   |                             |   |   |   |   |   |   |   |   |   |   |   |
| on                disposition of rental                property, net                                                    |   |                              | 5,554   |   |                             |   | -- |   |   |   | 44,414 |   |   |   | 4,905 |   |
| Total                discontinued operations, net                                                                       |   |                              | 5,578   |   |                             |   | 4,237 |   |   |   | 45,711 |   |   |   | 16,573 |   |
| Net                income                                                                                               |   |                              | 28,631  |   |                             |   | 20,530 |   |   |   | 115,055 |   |   |   | 94,978 |   |
| Preferred                unit distributions                                                                             |   |                              | (500    | )      |                             |   | (500 | ) |   |   | (1,500 | ) |   |   | (1,500 | ) |
| Net                income available to common unitholders                                                               |   | $                                 | 28,131  |   |                             | $      | 20,030 |   |   | $ | 113,555 |   |   | $ | 93,478 |   |
|                                                                                                                    |   |                              |    |   |                             |   |   |   |   |   |   |   |   |   |   |   |
| **Basic                earnings per common unit:**                                                                      |   |                              |    |   |                             |   |   |   |   |   |   |   |   |   |   |   |
| Income                from continuing operations                                                                        |   | $                                 | 0.27    |   |                             | $      | 0.20 |   |   | $ | 0.82 |   |   | $ | 1.00 |   |
| Discontinued                operations                                                                                  |   | $                                 | 0.07    |   |                             | $      | 0.06 |   |   | $ | 0.56 |   |   | $ | 0.21 |   |
| Net                income available to common unitholders                                                               |   | $                                 | 0.34    |   |                             | $      | 0.26 |   |   | $ | 1.38 |   |   | $ | 1.21 |   |
|                                                                                                                    |   |                              |    |   |                             |   |   |   |   |   |   |   |   |   |   |   |
| **Diluted                earnings per common unit:**                                                                    |   |                              |    |   |                             |   |   |   |   |   |   |   |   |   |   |   |
| Income                from continuing operations                                                                        |   | $                                 | 0.27    |   |                             | $      | 0.20 |   |   | $ | 0.82 |   |   | $ | 0.99 |   |
| Discontinued                operations                                                                                  |   | $                                 | 0.07    |   |                             | $      | 0.06 |   |   | $ | 0.55 |   |   | $ | 0.21 |   |
| Net                income available to common unitholders                                                               |   | $                                 | 0.34    |   |                             | $      | 0.26 |   |   | $ | 1.37 |   |   | $ | 1.20 |   |
|                                                                                                                    |   |                              |    |   |                             |   |   |   |   |   |   |   |   |   |   |   |
| Distributions                declared per common unit                                                                   |   | $                                 | 0.64    |   |                             | $      | 0.64 |   |   | $ | 1.92 |   |   | $ | 1.90 |   |
|                                                                                                                    |   |                              |    |   |                             |   |   |   |   |   |   |   |   |   |   |   |
| Basic                weighted average units outstanding                                                                 |   |                              | 82,936  |   |                             |   | 77,945 |   |   |   | 82,310 |   |   |   | 77,354 |   |
|                                                                                                                    |   |                              |    |   |                             |   |   |   |   |   |   |   |   |   |   |   |
| Diluted                weighted average units outstanding                                                               |   |                              | 83,088  |   |                             |   | 78,258 |   |   |   | 82,515 |   |   |   | 77,664 |   |
|                                                                                                                    |   |                              |    |   |                             |   |   |   |   |   |   |   |   |   |   |   |
|                                                                                                                    |   |                              |    |   |                             |   |   |   |   |   |   |   |   |   |   |   |
| *The                accompanying notes are an integral part of these consolidated financial                statements.* |   |

----

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

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

|                                                                                                                    | General   | General | Limited  | General     | General     | Limited     | Accumulated   |            |   |          |
|-------------------------------------------------------------------------------------------------------------------------|-----------|---------|----------|-------------|-------------|-------------|---------------|-----------------|--------|---------------|
|                                                                                                                    | Partner   | Partner | Partners | Partner     | Partner     | Partners    | Other         | Total           |   |          |
|                                                                                                                    | Preferred | Common  | Common   | Preferred   | Common      | Common      | Comprehensive | Partners’ |   | Comprehensive |
|                                                                                                                    | Units     | Units   | Units    | Unitholders | Unitholders | Unitholders | Income        | Capital         |   | Income        |
|                                                                                                                    |      |    |     |        |        |        |          |            |   |          |
| Balance                at January 1, 2007                                                                               | 10        | 62,925  | 15,342   | $24,836     | $1,503,071  | $480,103    | --            | $2,008,010      |   | --            |
| Net                income                                                                                               | --        | --      | --       | 1,500       | 92,617      | 20,938      | --            | 115,055         |   | $115,055      |
| Distributions                                                                                                           | --        | --      | --       | (1,500)     | (130,197)   | (29,203)    | --            | (160,900)       |   | --            |
| General                Partner Common                                                                                   |      |    |     |        |        |        |          |            |   | --            |
| Stock                offering                                                                                           | --        | 4,650   | --       | --          | 251,732     | --          | --            | 251,732         |   | --            |
| Issuance                of Common Units                                                                                 | --        | --      | 115      | --          | --          | 5,243       | --            | 5,243           |   |          |
| Redemption                of                limited                                                                     |      |    |     |        |        |        |          |            |   |          |
| partners                common                units                                                                     |      |    |     |        |        |        |          |            |   |          |
| for                shares of                common                                                                      |      |    |     |        |        |        |          |            |   |          |
| stock                                                                                                                   | --        | 211     | (211)    | --          | 6,566       | (6,566)     | --            | --              |   | --            |
| Units                issued under                Dividend                                                               |      |    |     |        |        |        |          |            |   | --            |
| Reinvestment                and                Stock                                                                    |      |    |     |        |        |        |          |            |   | --            |
| Purchase                Plan                                                                                            | --        | 5       | --       | --          | 225         | --          | --            | 225             |   | --            |
| Contributions–                proceeds                                                                            |      |    |     |        |        |        |          |            |   |          |
| from                stock                options                                                                        |      |    |     |        |        |        |          |            |   |          |
| exercised                                                                                                               | --        | 128     | --       | --          | 3,675       | --          | --            | 3,675           |   |          |
| Stock                options                expense                                                                     | --        | --      | --       | --          | 99          | --          | --            | 99              |   |          |
| Comprehensive                Gain:                                                                                      |      |    |     |        |        |        |          |            |   |          |
| Unrealized                holding                                                                                       |      |    |     |        |        |        |          |            |   |          |
| gain                on                marketable                                                                        |      |    |     |        |        |        |          |            |   |          |
| securities                available                                                                                     |      |    |     |        |        |        |          |            |   |          |
| for                sale                                                                                                 | --        | --      | --       | --          | --          | --          | $227          | 227             |   | 227           |
| Directors                Deferred                                                                                       |      |    |     |        |        |        |          |            |   |          |
| compensation                plan                                                                                        | --        | --      | --       | --          | 240         | --          | --            | 240             |   | --            |
| Issuance                of                restricted                                                                    |      |    |     |        |        |        |          |            |   |          |
| stock                awards                                                                                             | --        | 13      | --       | --          | --          | --          | --            | --              |   | --            |
| Repurchase                of                common                                                                      |      |    |     |        |        |        |          |            |   |          |
| stock                                                                                                                   | --        | (284)   | --       | --          | (11,172)    | --          | --            | (11,172)        |   | --            |
| Amortization                of                stock                                                                     |      |    |     |        |        |        |          |            |   |          |
| compensation                                                                                                            | --        | --      | --       | --          | 2,613       | --          | --            | 2,613           |   | --            |
|                                                                                                                    |      |    |     |        |        |        |          |            |   |          |
| Balance                at September 30, 2007                                                                            | 10        | 67,648  | 15,246   | $24,836     | $1,719,469  | $470,516    | $227          | $2,215,048      |   | $115,282      |
|                                                                                                                    |      |    |     |        |        |        |          |            |   |          |
|                                                                                                                    |      |    |     |        |        |        |          |            |   |          |
| *The                accompanying notes are an integral part of these consolidated financial                statements.* |      |

----

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

**CONSOLIDATED        STATEMENTS OF CASH        FLOWS **

*(in thousands) (unaudited)*

|                                                                                                                    |   | Nine                Months Ended |     |
|-------------------------------------------------------------------------------------------------------------------------|--------|----------------------------------|----------|
|                                                                                                                    |   | September                30,     |     |
| **CASH                FLOWS FROM OPERATING ACTIVITIES**                                                                 |   | 2007                             |     |   | 2006 |   |
| Net                income                                                                                               |   | $                                | 115,055  |   |   | $ | 94,977 |   |
| Adjustments                to reconcile net income to net cash provided by                                              |   |                             |     |   |   |   |   |   |
| operating                activities:                                                                                    |   |                             |     |   |   |   |   |   |
| Depreciation                and amortization                                                                            |   |                             | 135,064  |   |   |   | 115,681 |   |
| Depreciation                and amortization on discontinued operations                                                 |   |                             | 424      |   |   |   | 8,387 |   |
| Stock                options expense                                                                                    |   |                             | 99       |   |   |   | 212 |   |
| Amortization                of stock compensation                                                                       |   |                             | 2,613    |   |   |   | 2,216 |   |
| Amortization                of deferred financing costs and debt discount                                               |   |                             | 2,101    |   |   |   | 2,171 |   |
| Distribution                of cumulative earnings from joint ventures                                                  |   |                             | 1,875    |   |   |   | -- |   |
| Equity                in (earnings) losses of unconsolidated joint ventures, net                                        |   |                             | 5,486    |   |   |   | 5,356 |   |
| Gain                on sale of marketable securities available for sale                                                 |   |                             | --       |   |   |   | (15,060 | ) |
| Realized                (gain) losses and unrealized losses on disposition                                              |   |                             |     |   |   |   |   |   |
|       of                rental property                                                   |   |                             | (44,414  | ) |   |   | (4,904 | ) |
| Minority                interest in consolidated joint ventures                                                         |   |                             | (492     | ) |   |   | (143 | ) |
| Changes                in operating assets and liabilities:                                                             |   |                             |     |   |   |   |   |   |
| Increase                in unbilled rents receivable, net                                                               |   |                             | (6,480   | ) |   |   | (15,190 | ) |
| Increase                in deferred charges and other assets, net                                                       |   |                             | (29,455  | ) |   |   | (41,367 | ) |
| Increase                in accounts receivable, net                                                                     |   |                             | (1,934   | ) |   |   | (11,297 | ) |
| Increase                in accounts payable, accrued expenses and other                liabilities                      |   |                             | 7,733    |   |   |   | 22,786 |   |
| (Decrease)                increase in rents received in advance and security                deposits                    |   |                             | (1,131   | ) |   |   | 1,834 |   |
| Decrease                in accrued interest payable                                                                     |   |                             | (15,319  | ) |   |   | (8,674 | ) |
|                                                                                                                    |   |                             |     |   |   |   |   |   |
| Net                cash provided by operating activities                                                                |   | $                                | 171,225  |   |   | $ | 156,985 |   |
|                                                                                                                    |   |                             |     |   |   |   |   |   |
| **CASH                FLOWS FROM INVESTING ACTIVITIES**                                                                 |   |                             |     |   |   |   |   |   |
| Additions                to rental property and related intangibles                                                     |   | $                                | (356,178 | ) |   | $ | (192,137 | ) |
| Repayments                of notes receivable                                                                           |   |                             | 120      |   |   |   | 113 |   |
| Investment                in unconsolidated joint ventures                                                              |   |                             | (22,310  | ) |   |   | (148,991 | ) |
| Distribution                from unconsolidated joint venture                                                           |   |                             | 992      |   |   |   | -- |   |
| Purchase                of marketable securities available for sale                                                     |   |                             | (4,884   | ) |   |   | (11,912 | ) |
| Proceeds                from sale of rental property                                                                    |   |                             | 57,204   |   |   |   | 18,912 |   |
| Proceeds                from sale of investment in joint venture                                                        |   |                             | 575      |   |   |   | -- |   |
| Proceeds                from sale of marketable securities available for sale                                           |   |                             | --       |   |   |   | 78,609 |   |
| Decrease                (increase) in restricted cash                                                                   |   |                             | 1,809    |   |   |   | (6,760 | ) |
|                                                                                                                    |   |                             |     |   |   |   |   |   |
| Net                cash used in investing activities                                                                    |   | $                                | (322,672 | ) |   | $ | (262,166 | ) |
|                                                                                                                    |   |                             |     |   |   |   |   |   |
| **CASH                FLOWS FROM FINANCING ACTIVITIES**                                                                 |   |                             |     |   |   |   |   |   |
| Proceeds                from senior unsecured notes                                                                     |   | $                                | --       |   |   | $ | 199,914 |   |
| Borrowings                from revolving credit facility                                                                |   |                             | 395,000  |   |   |   | 660,250 |   |
| Repayment                of revolving credit facility                                                                   |   |                             | (374,000 | ) |   |   | (500,180 | ) |
| Repayment                of mortgages, loans payable and other obligations                                              |   |                             | (25,433  | ) |   |   | (156,361 | ) |
| Payment                of financing costs                                                                               |   |                             | (1,801   | ) |   |   | (384 | ) |
| Proceeds                from offering of Common Stock                                                                   |   |                             | 251,732  |   |   |   | -- |   |
| Proceeds                from stock options exercised                                                                    |   |                             | 3,675    |   |   |   | 8,839 |   |
| Payment                of distributions                                                                                 |   |                             | (157,796 | ) |   |   | (146,514 | ) |
| Repurchase                of common stock                                                                               |   |                             | (11,172  | ) |   |   | -- |   |
|                                                                                                                    |   |                             |     |   |   |   |   |   |
| Net                cash provided by financing activities                                                                |   | $                                | 80,205   |   |   | $ | 65,564 |   |
|                                                                                                                    |   |                             |     |   |   |   |   |   |
| Net                decrease in cash and cash equivalents                                                                |   | $                                | (71,242  | ) |   | $ | (39,617 | ) |
| Cash                and cash equivalents, beginning of period                                                           |   |                             | 101,223  |   |   |   | 60,397 |   |
|                                                                                                                    |   |                             |     |   |   |   |   |   |
| Cash                and cash equivalents, end of period                                                                 |   | $                                | 29,981   |   |   | $ | 20,780 |   |
|                                                                                                                    |   |                             |     |   |   |   |   |   |
|                                                                                                                    |   |                             |     |   |   |   |   |   |
| *The                accompanying notes are an integral part of these consolidated financial                statements.* |   |                             |     |   |   |   |   |   |

----

**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 $125,773,000 and $116,151,000 (including                land of $67,126,000 and $63,136,000) as of September 30, 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. |
|----------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

| 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 partners’ capital 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. |
|------------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | The                Operating Partnership’s marketable securities at September 30, 2007                carried a value of $5.1 million and consisted of common equity securities                which were all acquired during the third quarter 2007.  The                Operating Partnership’s marketable securities at September 30, 2007 are                all classified as available-for-sale and are carried at fair value                based                on quoted market prices.  The Operating Partnership recorded an                unrealized holding gain of $227,000 as other comprehensive gain in                the                third quarter 2007. |
|--------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

***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 $680,000 and $725,000                for                the three months ended September 30, 2007 and 2006, respectively,                and                $2,101,000 and $2,171,000 for the nine months ended September 30,                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 $929,000 and $908,000 for                the                three months ended September 30, 2007 and 2006, respectively, and                $2,993,000 and $2,574,000 for the nine months ended September 30,                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 tax returns. Accordingly, no provision or benefit                for                income taxes has been made in the accompanying financial                statements. |
|----------------------------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

|   | Certain                of the Operating Partnership’s corporate subsidiaries are taxable REIT                subsidiaries (each a “TRS”).  In general, a TRS may perform                additional services for tenants of the Operating Partnership and                generally                may engage in any real estate or non-real estate related business                (except                for the operation or management of health care facilities or lodging                facilities or the providing to any person, under a franchise, license                or                otherwise, rights to any brand name under which any lodging facility                or                health care facility is operated).  A TRS is subject to                corporate federal income tax.  If the Corporation fails to                qualify as a REIT in any taxable year, the Corporation will be subject                to                federal income tax (including any applicable alternative minimum                tax) on                its taxable income at regular corporate tax rates.  The                Corporation is subject to certain state and local                taxes. |
|--------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

***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 September 30, 2007 represents distributions                payable to preferred unitholders (10,000  Series C preferred                units) and common unitholders (82,896,385 common units), for all                such                holders of record as of October 3, 2007 with respect to the third                quarter                2007.  The third quarter 2007 Series C unit 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                September 12, 2007.  The preferred unit distributions and common                unit distributions payable were paid on October 15,                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.  For the nine months ended September 30,                2007, other comprehensive income was                $227,000. |
|--------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

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

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

**Property      Acquisitions**

*(dollars in      thousands)*

| Acquisition                                                                                                                                                                                                                                                                           |                                    |                                         | #                of | Rentable                   | Acquisition                    |
|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|-----------------------------------------|----------------------------------------------|---------------------|----------------------------|--------------------------------|
| Date                                                                                                                                                                                                                                                                                  | Property/Address                        | Location                                     | Bldgs.              | Square                Feet | Cost                           |
| 05/08/07                                                                                                                                                                                                                                                                              | AAA                Properties (a)       | Hamilton                Township, New Jersey | 2                   | 69,232                     | $    9,048 |
| 06/11/07                                                                                                                                                                                                                                                                              | 125                Broad Street (b) (c) | New                York, New York            | 1                   | 524,476                    | 274,091                        |
|                                                                                                                                                                                                                                                                                  |                                    |                                         |                |                       |
|                                                                                                                                                                                                                                                                                  |                                    |                                         |                |                       |
| Total                Property Acquisitions:                                                                                                                                                                                                                                           |                                    | 3                                            | 593,708             | $283,139                   |
|                                                                                                                                                                                                                                                                                  |                                    |                                         |                |                       |
| (a)  Included                in this transaction was the acquisition of two parcels of developable                land                aggregating approximately 13 acres.                                                                                                   |
| (b)                     Acquisition represented two units of office condominium interests,                which                collectively comprise floors 2 through 16, or 39.6 percent, of the                40-story, 1.2 million square-foot building. |
| (c)      Transaction                was funded primarily through borrowing on the Operating Partnership’s                revolving credit facility.                                                                                               |

**Properties      Commencing Initial Operations**

*(dollars in thousands)*

|                                                                                                                                                                                                                               |                             |                                         | #                of | Rentable                   | Investment                by             |
|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|----------------------------------|----------------------------------------------|---------------------|----------------------------|------------------------------------------|
| Date                                                                                                                                                                                                                               | Property/Address                 | Location                                     | Bldgs.              | Square                Feet | Operating                Partnership (a) |
| 05/08/07                                                                                                                                                                                                                           | 700                Horizon Drive | Hamilton                Township, New Jersey | 1                   | 120,000                    | $16,699                                  |
|                                                                                                                                                                                                                               |                             |                                         |                |                       |
| Total                Properties Commencing Initial Operations:                                                                                                                                                                     |                             | 1                                            | 120,000             | $16,699                    |
|                                                                                                                                                                                                                               |                             |                                         |                |                       |
| (a)  Development                costs were funded primarily through draws on the Operating Partnership’s                revolving credit facility.  Amounts are as of September 30,                2007. |

----

**Land      Acquisition**

**Property      Sales**

*(dollars in      thousands)*

|                                        |                                      |                                  |                | Rentable   | Net      | Net     |               |
|---------------------------------------------|-------------------------------------------|---------------------------------------|---------------------|------------|----------|---------|--------------------|
| Sale                                        |                                      |                                  | #                of | Square     | Sales    | Book    | Realized           |
| Date                                        | Property/Address                          | Location                              | Bldgs.              |  Feet | Proceeds | Value   | Gain               |
| 05/10/07                                    | 1000                Bridgeport Avenue     | Shelton,                Connecticut   | 1                   | 133,000    | $16,411  | $13,782 | $  2,629 |
| 06/11/07                                    | 500                W. Putnam Avenue       | Greenwich,                Connecticut | 1                   | 121,250    | 54,344   | 18,113  | 36,231             |
| 07/13/07                                    | 100&                200 Decadon Drive | Egg                Harbor, New Jersey | 2                   | 80,344     | 11,448   | 5,894   | 5,554              |
|                                        |                                      |                                  |                |       |     |    |
| Total                Office Property Sales: |                                      | 4                                     | 334,594             | $82,203    | $37,789  | $44,414 |

**Gale      Earn-Out and Agreement**

|   | (1) | The                Operating Partnership agreed to satisfy the requirements for the                $3                million payment due on May 9, 2008 and the $3 million payment due                on May                9, 2009 as of October 31, 2007 by: |
|--------|-----|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (a) | paying                $4 million in cash; and |
|--------|-----|-----------------------------------------------|

|   | (b) | transferring                to an entity whose beneficial owners includes Messrs. Gale and Yeager                a                49.8 percent interest in an entity that owns one of the non-portfolio                interests in a development project located in Belmar, New Jersey,                which it                acquired in June 2006 pursuant to the Gale Agreement for $1.6                million.  On September 30, 2007, the Operating Partnership wrote                off $2.1 million of costs related to this project, as it believes                the                project is no longer viable, which is included in general and                administrative expense for the three and nine months ended September                30, 2007. |
|--------|-----|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (2)                      | Under                the Gale Agreement, the Operating Partnership is obligated to acquire                from                an entity whose beneficial owners include Messrs. Gale and Yeager                (the                “Florham Entity”), a 50 percent interest in a venture which owns a                developable land parcel in Florham Park, New Jersey (the “Florham Park                Land”) for a maximum purchase price of up to $10.5 million, subject to                reduction based on developable square feet approved and other conditions,                with the completion of such acquisition subject to the Florham Entity                obtaining final development permits and approvals and related conditions                necessary to allow for office development expected to be 600,000                square                feet.  The Operating Partnership has agreed to waive its                contractual rights for reimbursement from the Florham Entity for                certain                costs incurred by the Operating Partnership securing approvals for                the                development of the Florham Park Land and to defer collection of other                costs.  Such deferred other costs, including a carrying charge                of six percent per annum,  will be credited against the purchase                price of the Florham Park Land at closing.  In the event the                acquisition of the Florham Park Land does not close by May 9, 2009,                subject to certain conditions, the Florham Entity will be obligated                to pay                the deferred other costs and an additional $1 million to the Operating                Partnership at that time. |
|---------------------------------------------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

|   | (3) | The                Operating Partnership has agreed to settle a dispute and treat the                right                to receive certain commission payments in the approximate amount                of $2.3                million as an excluded asset under the Gale Agreement, which commissions                may become payable in the event that Sanofi-Aventis exercises its                option                to cause the 55 Corporate venture (see Note 4: Investment in                Unconsolidated Joint Ventures) to construct a building which                Sanofi-Aventis would lease on a long-term basis, as well as the completion                of certain related events. The Operating Partnership has agreed to                pay                directly to an entity whose beneficial owners include Messrs. Gale                and                Yeager up to $769,000 of these commissions when and if due.  In                the event that Sanofi-Aventis does not exercise its option and the                55                Corporate venture receives the $7 million penalty, no amounts would                be due                to Messrs. Gale and Yeager or any of their                affiliates. |
|--------|-----|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| **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**

**GALE      JEFFERSON, L.L.C.**

----

----

**SUMMARIES      OF UNCONSOLIDATED JOINT VENTURES**

*(dollars in      thousands)*

|                                                             | September                30, 2007        |
|------------------------------------------------------------------|------------------------------------------|
|                                                             | Plaza                                    |   |   | Red                Bank | Mack- | Princeton |   |   |   |   |   | NKFGMS |   |   |
|                                                             | VIII                & IX             | Ramland | Harborside | Corporate | Green- | Forrestal | Route                93 | Gale | 55 | 12 | Boston- | Owners | One | Combined |
|                                                             | Associates                               | Realty | South                Pier | Plaza                I & II | Gale | Village | Portfolio | Kimball | Corporate | Vreeland | Filenes | LLC | Jefferson | Total |
| **Assets:**                                                      |                                     |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Rental                property, net                              | $                10,941                  | $                11,695 | $                65,982 | $                23,240 | $                467,437 | $  43,199 | $                56,757 | $                31,250 | $                17,000 | $                8,021 | -- | -- | $                5,303 | $                740,825 |
| Other                assets                                      | 2,008                                    | 1,095 | 12,790 | 3,593 | 62,781 | 25,528 | 2,904 | 416 | -- | 858 | $                54,725 | -- | 293 | 166,991 |
| Total                assets                                      | $                12,949                  | $                12,790 | $                78,772 | $                26,833 | $                530,218 | $  68,727 | $                59,661 | $                31,666 | $                17,000 | $                8,879 | $                54,725 | -- | $                5,596 | $                907,816 |
| **Liabilities                and partners’/**              |                                     |   |   |   |   |   |   |   |   |   |   |   |   |   |
| **  members’                capital (deficit):** |                                     |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Mortgages,                loans payable                          |                                     |   |   |   |   |   |   |   |   |   |   |   |   |   |
|   and                other obligations                 | --                                       | $                14,816 | $                76,287 | $                18,116 | $                361,032 | $  52,800 | $                42,495 | $                32,916 | -- | $                9,314 | -- | -- | -- | $                607,776 |
| Other                liabilities                                 | $      532 | 393 | 3,984 | 700 | 27,062 | 6,930 | 1,077 | -- | -- | -- | $      179 | -- | $      63 | 40,920 |
| Partners’/                                                 |                                     |   |   |   |   |   |   |   |   |   |   |   |   |   |
|   members’                capital (deficit)      | 12,417                                   | (2,419) | (1,499) | 8,017 | 142,124 | 8,997 | 16,089 | (1,250) | 17,000 | (435) | 54,546 | -- | 5,533 | 259,120 |
| Total                liabilities and partners’/            |                                     |   |   |   |   |   |   |   |   |   |   |   |   |   |
|   members’                capital (deficit)      | $                12,949                  | $                12,790 | $                78,772 | $                26,833 | $                530,218 | $  68,727 | $                59,661 | $                31,666 | $                17,000 | $                8,879 | $                54,725 | -- | $                5,596 | $                907,816 |
|                                                             |                                     |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Operating                Partnership’s                     |                                     |   |   |   |   |   |   |   |   |   |   |   |   |   |
|   investment                in unconsolidated          |                                     |   |   |   |   |   |   |   |   |   |   |   |   |   |
|   joint                ventures, net                   | $   6,131                 | -- | -- | $   3,763 | $                128,839 | $    2,144 | $   5,012 | -- | $   8,511 | $                7,512 | $                16,617 | -- | $    548 | $                179,077 |

|                                                             | December                31, 2006   |
|------------------------------------------------------------------|------------------------------------|
|                                                             | Plaza                              |   |   | Red                Bank | Mack- | Princeton |   |   |   |   |   | NKFGMS |   |   |
|                                                             | VIII                & IX       | Ramland | Harborside | Corporate | Green- | Forrestal | Route                93 | Gale | 55 | 12 | Boston- | Owners | One | Combined |
|                                                             | Associates                         | Realty | South                Pier | Plaza                I & II | Gale | Village | Portfolio | Kimball | Corporate | Vreeland | Filenes | LLC | Jefferson | Total |
| **Assets:**                                                      |                               |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Rental                property, net                              | $                11,404            | $                12,141 | $                69,303 | $                13,205 | $                480,867 | $                39,538 | $                54,684 | $                26,601 | $                17,000 | $  8,221 | -- | $    239 | -- | $                733,203 |
| Other                assets                                      | 1,408                              | 851 | 11,170 | 3,320 | 76,897 | 24,830 | 7,177 | 654 | -- | 909 | $                10,500 | 2,638 | -- | 140,354 |
| Total                assets                                      | $                12,812            | $                12,992 | $                80,473 | $                16,525 | $                557,764 | $                64,368 | $                61,861 | $                27,255 | $                17,000 | $  9,130 | $                10,500 | $                2,877 | -- | $                873,557 |
| **Liabilities                and partners’/**              |                               |   |   |   |   |   |   |   |   |   |   |   |   |   |
| **  members’                capital (deficit):** |                               |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Mortgages,                loans payable                          |                               |   |   |   |   |   |   |   |   |   |   |   |   |   |
|   and                other obligations                 | --                                 | $                14,936 | $                77,217 | $  8,673 | $                358,063 | $                47,761 | $                39,435 | $                15,350 | -- | $10,253 | -- | -- | -- | $                571,688 |
| Other                liabilities                                 | $     532 | 259 | 4,944 | 13 | 39,497 | 5,972 | 846 | -- | -- | -- | -- | $                1,329 | -- | 53,392 |
| Partners’/                                                 |                               |   |   |   |   |   |   |   |   |   |   |   |   |   |
|   members’                capital (deficit)      | 12,280                             | (2,203) | (1,688) | 7,839 | 160,204 | 10,635 | 21,580 | 11,905 | $                17,000 | (1,123) | $                10,500 | 1,548 | -- | 248,477 |
| Total                liabilities and partners’/            |                               |   |   |   |   |   |   |   |   |   |   |   |   |   |
|   members’                capital (deficit)      | $                12,812            | $                12,992 | $                80,473 | $                16,525 | $                557,764 | $                64,368 | $                61,861 | $                27,255 | $                17,000 | $  9,130 | $                10,500 | $                2,877 | -- | $                873,557 |
| 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 September 30, 2007 |    |
|-------------------------------------------------|------------------------------------------------------|---------|
|                                            |                                                 |    | Plaza |   |   | Red                Bank | Mack- | Princeton |   |   |   |   |   | NKFGMS |   |   |
|                                            | Meadowlands                                          | G&G | VIII                & IX | Ramland | Harborside | Corporate | Green- | Forrestal | Route                93 | Gale | 55 | 12 | Boston- | Owners | One | Combined |
|                                            | Xanadu                                               | Martco  | Associates | Realty | South                Pier | Plaza                I & II | Gale | Village | Portfolio | Kimball | Corporate | Vreeland | Filenes | LLC | Jefferson | Total |
| Total                revenues                   | --                                                   | --      | $                257 | $  478 | $                10,640 | $                180 | $                17,065 | $                3,905 | $  722 | $       1 | -- | $                440 | $                141 | -- | -- | $  33,829 |
| Operating                and                    |                                                 |    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|   other                expenses       | --                                                   | --      | (49) | (402) | (6,441) | (3) | (7,983) | (1,899) | (948) | (93) | -- | (17) |  (7) | -- | -- | (17,842) |
| Depreciation                and                 |                                                 |    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|   amortization                        | --                                                   | --      | (154) | (176) | (1,496) | (50) | (6,581) | (790) | 181 | (146) | -- | (88) | -- | -- | -- | (9,300) |
| Interest                expense                 | --                                                   | --      | -- | (267) | (1,194) | (50) | (6,870) | (1,248) | (904) | (382) | -- | (110) | -- | -- | -- | (11,025) |
|                                            |                                                 |    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Net                income                       | --                                                   | --      | $                54 | $                (367) | $   1,509 | $  77 | $                (4,369) | $    (32) | $                (949) | $                (620) | -- | $                225 | $                134 | -- | -- | $    (4,338) |
| Operating                                       |                                                 |    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|  Partnership’s                equity |                                                 |    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|  in                earnings (loss)         |                                                 |    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|  of                unconsolidated          |                                                 |    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|  joint                ventures             | --                                                   | --      | $                27 | $                (200) | $      755 | $  69 | $                (2,012) | $    (14) | $                (285) | $   (52) | -- | $                113 | $    40 | -- | -- | $    (1,559) |

|                                            | Three                Months Ended September 30,2006 |                     |
|-------------------------------------------------|-----------------------------------------------------|--------------------------|
|                                            |                                                |                     | Plaza |   |   | Red                Bank | Mack- | Princeton |   |   |   |   |   | NKFGMS |   |   |
|                                            | Meadowlands                                         | G&G                  | VIII                & IX | Ramland | Harborside | Corporate | Green- | Forrestal | Route                93 | Gale | 55 | 12 | Boston- | Owners | One | Combined |
|                                            | Xanadu                                              | Martco                   | Associates | Realty | South                Pier | Plaza                I & II | Gale | Village | Portfolio | Kimball | Corporate | Vreeland | Filenes | LLC | Jefferson | Total |
| Total                revenues                   | $     110                  | $1,703                   | $                167 | $                518 | $  9,926 | -- | $                15,002 | $                2,194 | $                1,970 | $  3 | -- | $                156 | -- | -- | -- | $  31,749 |
| Operating                and                    |                                                |                     |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|   other                expenses       | (2,578)                                             | (999)                    | (62) | (391) | (6,015) | -- | (7,578) | (1,694) | (590) | (1) | -- | (64) | -- | -- | -- | $                (19,972) |
| Depreciation                and                 |                                                |                     |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|   amortization                        | --                                                  | (363)                    | (154) | (167) | (1,460) | -- | (5,841) | (695) | (349) | -- | -- | (29) | -- |   |   | $   (9,058) |
| Interest                expense                 | --                                                  | (845)                    | -- |  (267) | (893) | -- | (6,629) | (795) | (761) | -- | -- | -- | -- | -- | -- | $                (10,190) |
|                                            |                                                |                     |   |   |   |   |   |   |   |   |   |   |   | -- |   |   |
| Net                income                       | $                (2,468)                            | $   (504) | $                (49) | $                (307) | $    1,558 | -- | $  (5,046) | $  (990) | $    270 | $  2 | -- | $   63 | -- | -- | -- | $   (7,471) |
| Operating                                       |                                                |                     |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|  Partnership’s                equity |                                                |                     |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|  in                earnings (loss)         |                                                |                     |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|  of                unconsolidated          |                                                |                     |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|  joint                ventures             | $                (1,876)                            | $   (409) | $                (24) | $                (225) | $     639 | -- | $  (2,749) | $  (211) | $      67 | -- | -- | $   31 | -- | -- | -- | $   (4,757) |

----

**SUMMARIES      OF UNCONSOLIDATED JOINT VENTURES**

*(dollars in thousands)*

|                                            | Nine                Months Ended September 30, 2007 |    |
|-------------------------------------------------|-----------------------------------------------------|---------|
|                                            |                                                |    | Plaza |   |   | Red                Bank | Mack- | Princeton |   |   |   |   |   | NKFGMS |   |   |
|                                            | Meadowlands                                         | G&G | VIII                & IX | Ramland | Harborside | Corporate | Green- | Forrestal | Route                93 | Gale | 55 | 12 | Boston- | Owners | One | Combined |
|                                            | Xanadu                                              | Martco  | Associates | Realty | South                Pier | Plaza                I & II | Gale | Village | Portfolio | Kimball | Corporate | Vreeland | Filenes | LLC | Jefferson | Total |
| Total                revenues                   | --                                                  | --      | $                731 | $                1,523 | $                30,944 | $                242 | $  50,757 | $                9,157 | $                1,785 | $         3 | -- | $                1,488 | $  672 | -- | -- | $  97,302 |
| Operating                and                    |                                                |    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|   other                expenses       | --                                                  | --      | (132) | (1,166) | (18,947) | (5) | (23,141) | (4,889) | (2,812) | (133) | -- | (50) | (668) | -- | -- | (51,943) |
| Depreciation                and                 |                                                |    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|   amortization                        | --                                                  | --      | (462) | (526) | (4,462) | (49) | (20,745) | (2,327) | (1,846) | (329) | -- | (264) | -- | -- | -- | (31,010) |
| Interest                expense                 | --                                                  | --      | -- | (796) | (3,596) | (50) | (20,299) | (3,579) | (2,547) | (796) | -- | (454) | -- | -- | -- | (32,117) |
|                                            |                                                |    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Net                income                       | --                                                  | --      | $                137 | $                (965) | $  3,939 | $                138 | $                (13,428) | $                (1,638) | $                (5,420) | $                (1,255) | -- | $   720 | $      4 | -- | -- | $                (17,768) |
| Operating                                       |                                                |    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|  Partnership’s                equity |                                                |    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|  in                earnings (loss)         |                                                |    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|  of                unconsolidated          |                                                |    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|  joint                ventures             | --                                                  | --      | $   69 | $                (375) | $  1,863 | $   69 | $  (5,351) | $   (416) | $                (1,655) | $    (104) | -- | $   360 | $      1 | $                53 | -- | $   (5,486) |

|                                            | Nine                Months Ended September 30,2006 |                     |
|-------------------------------------------------|----------------------------------------------------|--------------------------|
|                                            |                                               |                     | Plaza |   |   | Red                Bank | Mack- | Princeton |   |   |   |   |   | NKFGMS |   |   |
|                                            | Meadowlands                                        | G&G                  | VIII                & IX | Ramland | Harborside | Corporate | Green- | Forrestal | Route                93 | Gale | 55 | 12 | Boston- | Owners | One | Combined |
|                                            | Xanadu                                             | Martco                   | Associates | Realty | South                Pier | Plaza                I &II | Gale | Village | Portfolio | Kimball | Corporate | Vreeland | Filenes | LLC | Jefferson | Total |
| Total                revenues                   | $    409                       | $                5,351   | $   489 | $                1,533 | $                27,529 | -- | $  24,469 | $  6,585 | $  2,528 | $  3 | -- | $156 | -- | -- | -- | $  69,052 |
| Operating                and                    |                                               |                     |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|   other                expenses       | (2,729)                                            | (2,880)                  | (150) | (1,095) | (16,651) | -- | (11,354) | (4,410) | (847) | (1) | -- | (64) | -- | -- | -- | (40,181) |
| Depreciation                and                 |                                               |                     |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|   amortization                        | --                                                 | (1,075)                  | (462) | (543) | (4,369) | -- | (9,219) | (2,116) | (465) | -- | -- | (29) | -- | -- | -- | (18,278) |
| Interest                expense                 | --                                                 | (2,362)                  | -- | (756) | (2,750) | -- | (10,219) | (2,178) | (1,002) | -- | -- | -- | -- | -- | -- | (19,267) |
|                                            |                                               |                     |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Net                income                       | $                (2,320)                           | $   (966) | $  (123) | $   (861) | $   3,759 | -- | $  (6,323) | $                (2,119) | $     214 | $  2 | -- | $  63 | -- | -- | -- | $  (8,674) |
| Operating                                       |                                               |                     |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|  Partnership’s                equity |                                               |                     |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|  in                earnings (loss)         |                                               |                     |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|  of                unconsolidated          |                                               |                     |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|  joint                ventures             | $                (1,876)                           | $   (731) | $   (61) | $   (225) | $   1,740 | -- | $  (4,009) | $    (278) | $       53 | -- | -- | $  31 | -- | -- | -- | $  (5,356) |

----

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

|                                                                           | September                30, | December                31, |
|--------------------------------------------------------------------------------|------------------------------|-----------------------------|
| *(dollars                in thousands)*                                        | 2007                         | 2006                        |
| Deferred                leasing costs                                          | $194,807                     | $184,175                    |
| Deferred                financing costs                                        | 22,925                       | 21,252                      |
|                                                                           | 217,732                      | 205,427                     |
| Accumulated                amortization                                        | (84,550)                     | (76,407)                    |
| Deferred                charges, net                                           | 133,182                      | 129,020                     |
| Notes                receivable                                                | 11,649                       | 11,769                      |
| In-place                lease values, related intangible and other assets, net | 71,060                       | 58,495                      |
| Prepaid                expenses and other assets, net                          | 45,503                       | 41,353                      |
|                                                                           |                         |                        |
| Total                deferred charges and other assets, net                    | $261,394                     | $240,637                    |

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

*(dollars in thousands)*

|                                                     |   |                        Three Months Ended |   |   |                        Nine Months Ended |   |
|----------------------------------------------------------|--------|------------------------------------------------------------------------------|--------|--------|-----------------------------------------------------------------------------|--------|
|                                                     |   |                        September 30,      |   |   |                        September 30,     |   |
|                                                     |   | 2007                                                                         |   |   | 2006                                                                        |   |   | 2007 |   |   | 2006 |   |
| Total                revenues                            |   | $                                                                            | 61     |   |                                                                        | $      | 11,648 |   |   | $ | 3,881 |   |   | $ | 36,047 |   |
| Operating                and other expenses              |   |                                                                         | (61    | )      |                                                                        |   | (4,995 | ) |   |   | (1,638 | ) |   |   | (14,951 | ) |
| Depreciation                and amortization             |   |                                                                         | --     |   |                                                                        |   | (2,068 | ) |   |   | (424 | ) |   |   | (8,387 | ) |
| Interest                expense (net of interest income) |   |                                                                         | 24     |   |                                                                        |   | (348 | ) |   |   | (522 | ) |   |   | (1,041 | ) |
| Minority                interest                         |   |                                                                         | (4     | )      |                                                                        |   | (850 | ) |   |   | (240 | ) |   |   | (2,293 | ) |
|                                                     |   |                                                                         |   |   |                                                                        |   |   |   |   |   |   |   |   |   |   |   |
| Income                from discontinued operations       |   |                                                                         |   |   |                                                                        |   |   |   |   |   |   |   |   |   |   |   |
| (net                of minority interest)                |   | $                                                                            | 20     |   |                                                                        | $      | 3,387 |   |   | $ | 1,057 |   |   | $ | 9,375 |   |

----

|                                                            |   | Three                Months Ended |   |   | Nine                Months Ended |   |
|-----------------------------------------------------------------|--------|-----------------------------------|--------|--------|----------------------------------|--------|
|                                                            |   | September                30,      |   |   | September                30,     |   |
|                                                            |   | 2007                              |   |   | 2006                             |   |   | 2007 |   |   | 2006 |   |
| Realized                gains on disposition of rental property |   | $                                 | 5,554  |   |                             |   | -- |   |   | $ | 44,414 |   |   | $ | 4,905 |   |
| Minority                interest                                |   |                              | (1,021 | )      |                             |   | -- |   |   |   | (8,134 | ) |   |   | (984 | ) |
|                                                            |   |                              |   |   |                             |   |   |   |   |   |   |   |   |   |   |   |
| Realized                gains (losses) and unrealized losses    |   |                              |   |   |                             |   |   |   |   |   |   |   |   |   |   |   |
| on                disposition of rental property                |   |                              |   |   |                             |   |   |   |   |   |   |   |   |   |   |   |
| (net                of minority interest), net                  |   | $                                 | 4,533  |   |                             |   | -- |   |   | $ | 36,280 |   |   | $ | 3,921 |   |

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

*(dollars in thousands)*

|                                                                                                                                                                                                                 |   | September                30, |      |   | December                31, |   |      | Effective               |   |
|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|------------------------------|-----------|--------|-----------------------------|--------|-----------|-------------------------|--------|
|                                                                                                                                                                                                                 |   | 2007                         |      |   | 2006                        |   |      | Rate                (1) |   |
| 7.250%                Senior Unsecured Notes, due March 15, 2009                                                                                                                                                     |   | $                            | 299,657   |   |                        | $      | 299,481   |                    |   |   | 7.49 | % |
| 5.050%                Senior Unsecured Notes, due April 15, 2010                                                                                                                                                     |   |                         | 149,861   |   |                        |   | 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                                                                                                                                                  |   |                         | 299,424   |   |                        |   | 299,295   |                    |   |   | 7.93 | % |
| 5.250%                Senior Unsecured Notes, due January 15, 2012                                                                                                                                                   |   |                         | 99,161    |   |                        |   | 99,015    |                    |   |   | 5.46 | % |
| 6.150%                Senior Unsecured Notes, due December 15, 2012                                                                                                                                                  |   |                         | 92,349    |   |                        |   | 91,981    |                    |   |   | 6.89 | % |
| 5.820%                Senior Unsecured Notes, due March 15, 2013                                                                                                                                                     |   |                         | 25,503    |   |                        |   | 25,420    |                    |   |   | 6.45 | % |
| 4.600%                Senior Unsecured Notes, due June 15, 2013                                                                                                                                                      |   |                         | 99,837    |   |                        |   | 99,815    |                    |   |   | 4.74 | % |
| 5.125%                Senior Unsecured Notes, due February 15, 2014                                                                                                                                                  |   |                         | 201,528   |   |                        |   | 201,708   |                    |   |   | 5.11 | % |
| 5.125%                Senior Unsecured Notes, due January 15, 2015                                                                                                                                                   |   |                         | 149,325   |   |                        |   | 149,256   |                    |   |   | 5.30 | % |
| 5.800%                Senior Unsecured Notes, due January 15, 2016                                                                                                                                                   |   |                         | 200,635   |   |                        |   | 200,692   |                    |   |   | 5.81 | % |
|                                                                                                                                                                                                                 |   |                         |      |   |                        |   |      |                    |   |   |   |   |
| Total                Senior Unsecured Notes                                                                                                                                                                          |   | $                            | 1,632,280 |   |                        | $      | 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-                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       | 100.0                                      | 25.0                            |
| BBB-/Baa3/BBB-                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              | 75.0                                       | 20.0                            |
| BBB/Baa2/BBB                (current)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       | 55.0                                       | 15.0                            |
| BBB+/Baa1/BBB+                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              | 42.5                                       | 15.0                            |
| A-/A3/A-                or higher                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           | 37.5                                       | 12.5                            |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |                                       |                            |
| (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**                | **September                30,**                                                                                                                                                                                                                                                                                                                                                   | **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%                       | $  13,191                                                                                                                                                                                                                                                                                                                                                                | 13,665                          | 08/01/08 |
| Assumed                obligations                                  | Various                                            | 4.92%                       | 30,609                                                                                                                                                                                                                                                                                                                                                                             | 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%                       | 18,913                                                                                                                                                                                                                                                                                                                                                                             | 18,748                          | 06/06/10 |
| 2200                Renaissance Boulevard                           | Wachovia                CMBS                       | 5.89%                       | 17,538                                                                                                                                                                                                                                                                                                                                                                             | 17,819                          | 12/01/12 |
| Soundview                Plaza                                      | Morgan                Stanley Mortgage Capital     | 6.02%                       | 17,687                                                                                                                                                                                                                                                                                                                                                                             | 18,013                          | 01/01/13 |
| 9200                Edmonston Road                                  | Principal                Commercial Funding L.L.C. | 5.53%                       | 5,131                                                                                                                                                                                                                                                                                                                                                                              | 5,232                           | 05/01/13 |
| 6305                Ivy Lane                                        | John                Hancock Life Insurance Co.     | 5.53%                       | 7,146                                                                                                                                                                                                                                                                                                                                                                              | 7,285                           | 01/01/14 |
| 395                West Passaic                                     | State                Farm Life Insurance Co.       | 6.00%                       | 12,698                                                                                                                                                                                                                                                                                                                                                                             | 12,996                          | 05/01/14 |
| 6301                Ivy Lane                                        | John                Hancock Life Insurance Co.     | 5.52%                       | 6,697                                                                                                                                                                                                                                                                                                                                                                              | 6,821                           | 07/01/14 |
| 35                Waterview Boulevard                               | Wachovia                CMBS                       | 6.35%                       | 20,150                                                                                                                                                                                                                                                                                                                                                                             | 20,318                          | 08/11/14 |
| 500                West Putnam Avenue                               | New                York Life Insurance Co.         | 5.57%                       | --                                                                                                                                                                                                                                                                                                                                                                                 | 25,000                          | (f) |
| 23                Main Street                                       | JPMorgan                CMBS                       | 5.59%                       | 33,078                                                                                                                                                                                                                                                                                                                                                                             | 33,396                          | 09/01/18 |
|                                                                |                                               |                        |                                                                                                                                                                                                                                                                                                                                                                               |                            |   |
| Total                mortgages, loans payable and other obligations |                                               | $332,838                    | $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)  On                June 11, 2007, the Operating Partnership assigned this loan to the                purchaser with the sale of the                property.                                                                                                                         |

**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                                                                | (128,290) | $28.64                        |                                |
| Lapsed                or canceled                                        | (19,590)  | $35.54                        |                                |
| Outstanding                at September 30, 2007 ($24.63 – $45.47) | 542,426   | $29.72                        | $6,239                              |
| Options                exercisable at September 30, 2007                 | 426,646   | $30.05                        | $4,782                              |
| Available                for grant at September 30, 2007                 | 4,536,734 | --                            | --                                  |

**STOCK      COMPENSATION**

**DEFERRED      STOCK COMPENSATION PLAN FOR DIRECTORS**

----

**LIMIITED      PARTNERS’ CAPITAL**

**COMMON      UNITS**

**EARNINGS      PER UNIT**

*(dollars in      thousands)*

|                                                                             |   | Three                Months EndedSeptember                30, |   |
|----------------------------------------------------------------------------------|--------|---------------------------------------------------------------|--------|
| **Computation                of Basic EPU**                                      |   | 2007                                                          |   |   | 2006 |   |
| Income                from continuing operations                                 |   | $                                                             | 18,907 |   |   | $ | 13,124 |   |
| Deduct:  Preferred                unit distributions                   |   |                                                          | (500   | ) |   |   | (500 | ) |
| Income                from continuing operations available to common unitholders |   |                                                          | 18,407 |   |   |   | 12,624 |   |
| Income                from discontinued operations                               |   |                                                          | 4,553  |   |   |   | 3,387 |   |
| Net                income available to common unitholders                        |   | $                                                             | 22,960 |   |   | $ | 16,011 |   |
|                                                                             |   |                                                          |   |   |   |   |   |   |
| Weighted                average common units                                     |   |                                                          | 67,688 |   |   |   | 62,302 |   |
|                                                                             |   |                                                          |   |   |   |   |   |   |
| **Basic                EPU:**                                                    |   |                                                          |   |   |   |   |   |   |
| Income                from continuing operations                                 |   | $                                                             | 0.27   |   |   | $ | 0.20 |   |
| Income                from discontinued operations                               |   |                                                          | 0.07   |   |   |   | 0.06 |   |
| Net                income available to common unitholders                        |   | $                                                             | 0.34   |   |   | $ | 0.26 |   |

----

|                                                                                                                                      |   | Three                Months EndedSeptember                30, |   |
|-------------------------------------------------------------------------------------------------------------------------------------------|--------|---------------------------------------------------------------|--------|
| **Computation                of Diluted EPU**                                                                                             |   | 2007                                                          |   |   | 2006 |   |
| Income                from continuing operations available to common unitholders                                                          |   | $                                                             | 18,407 |   |   | $ | 12,624 |   |
| Add:    Income                from continuing operations attributable to Operating Partnership                – |   |                                                          |   |   |   |   |   |   |
| common                units                                                                                                               |   |                                                          | 4,146  |   |   |   | 3,169 |   |
| Income                from continuing operations for diluted earnings per unit                                                            |   |                                                          | 22,553 |   |   |   | 15,793 |   |
| Income                from discontinued operations for diluted earnings per unit                                                          |   |                                                          | 5,578  |   |   |   | 4,237 |   |
| Net                income available to common unitholders                                                                                 |   | $                                                             | 28,131 |   |   | $ | 20,030 |   |
|                                                                                                                                      |   |                                                          |   |   |   |   |   |   |
| Weighted                average common units                                                                                              |   |                                                          | 83,088 |   |   |   | 78,258 |   |
|                                                                                                                                      |   |                                                          |   |   |   |   |   |   |
| **Diluted                EPU:**                                                                                                           |   |                                                          |   |   |   |   |   |   |
| Income                from continuing operations                                                                                          |   | $                                                             | 0.27   |   |   | $ | 0.20 |   |
| Income                from discontinued operations                                                                                        |   |                                                          | 0.07   |   |   |   | 0.06 |   |
| Net                income available to common unitholders                                                                                 |   | $                                                             | 0.34   |   |   | $ | 0.26 |   |

*(dollars in      thousands)*

|                                                                             |   | Nine                Months EndedSeptember                30, |   |
|----------------------------------------------------------------------------------|--------|--------------------------------------------------------------|--------|
| **Computation                of Basic EPU**                                      |   | 2007                                                         |   |   | 2006 |   |
| Income                from continuing operations                                 |   | $                                                            | 56,780 |   |   | $ | 63,446 |   |
| Deduct:  Preferred                unit distributions                   |   |                                                         | (1,500 | ) |   |   | (1,500 | ) |
| Income                from continuing operations available to common unitholders |   |                                                         | 55,280 |   |   |   | 61,946 |   |
| Income                from discontinued operations                               |   |                                                         | 37,337 |   |   |   | 13,296 |   |
| Net                income available to common unitholders                        |   |                                                         | 92,617 |   |   | $ | 75,242 |   |
|                                                                             |   |                                                         |   |   |   |   |   |   |
| Weighted                average common units                                     |   |                                                         | 67,068 |   |   |   | 62,158 |   |
|                                                                             |   |                                                         |   |   |   |   |   |   |
| **Basic                EPU:**                                                    |   |                                                         |   |   |   |   |   |   |
| Income                from continuing operations                                 |   | $                                                            | 0.82   |   |   | $ | 1.00 |   |
| Income                from discontinued operations                               |   |                                                         | 0.56   |   |   |   | 0.21 |   |
| Net                income available to common unitholders                        |   | $                                                            | 1.38   |   |   | $ | 1.21 |   |

|                                                                                                                                                  |   | Nine                Months EndedSeptember                30, |    |
|-------------------------------------------------------------------------------------------------------------------------------------------------------|--------|--------------------------------------------------------------|---------|
| **Computation                of Diluted EPU**                                                                                                         |   | 2007                                                         |    |   | 2006 |   |
| Income                from continuing operations available to common unitholders                                                                      |   | $                                                            | 55,280  |   |   | $ | 61,946 |   |
| Add:      Income                from continuing operations attributable to Operating Partnership                – |   |                                                         |    |   |   |   |   |   |
| common                units                                                                                                                           |   |                                                         | 12,564  |   |   |   | 14,959 |   |
| Income                from continuing operations for diluted earnings per unit                                                                        |   |                                                         | 67,844  |   |   |   | 76,905 |   |
| Income                from discontinued operations for diluted earnings per unit                                                                      |   |                                                         | 45,711  |   |   |   | 16,573 |   |
| Net                income available to common unitholders                                                                                             |   | $                                                            | 113,555 |   |   | $ | 93,478 |   |
|                                                                                                                                                  |   |                                                         |    |   |   |   |   |   |
| Weighted                average common units                                                                                                          |   |                                                         | 82,515  |   |   |   | 77,664 |   |
|                                                                                                                                                  |   |                                                         |    |   |   |   |   |   |
| **Diluted                EPU:**                                                                                                                       |   |                                                         |    |   |   |   |   |   |
| Income                from continuing operations                                                                                                      |   | $                                                            | 0.82    |   |   | $ | 0.99 |   |
| Income                from discontinued operations                                                                                                    |   |                                                         | 0.55    |   |   |   | 0.21 |   |
| Net                income available to common unitholders                                                                                             |   | $                                                            | 1.37    |   |   | $ | 1.20 |   |

----

|                                                     |                                                                                       Three Months Ended                                                                                                       September 30, |                                                          Nine Months Ended                                                                      September                30, |
|----------------------------------------------------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|                                                     | 2007                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          | 2006                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               | 2007 | 2006 |
| Basic                EPU units                           | 82,936                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        | 77,945                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             | 82,310 | 77,354 |
| Add:    Stock                options | 152                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           | 313                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                | 205 | 310 |
| Diluted                EPU Units                         | 83,088                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        | 78,258                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             | 82,515 | 77,664 |

**11.      CONSOLIDATED JOINT VENTURES**

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

----

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

**TAX      ABATEMENT AGREEMENTS**

|   | 1) | The                Harborside Plaza 5 agreement, as amended, which commenced in 2002                upon                substantial completion of the property, as defined, is for a term                of 20                years.  The PILOT is equal to two percent of Total Project                Costs.  Total Project Costs, as defined, are $159.6                million.  The PILOT totaled $798,000 and $798,000 for the three                months ended September 30, 2007 and 2006, respectively, and $2.3                million                and $2.3 million for the nine months ended September 30, 2007 and                2006,                respectively. |
|--------|----|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | 2) | The                Harborside Plaza 4-A agreement, which commenced in 2000, is for a                term of                20 years.  The PILOT is equal to two percent of Total Project                costs, as defined, and increases by 10 percent in years 7, 10 and                13 and                by 50 percent in year 16.  Total Project costs, as defined, are                $45.5 million.  The PILOT totaled $250,000 and $227,000 for the                three months ended September 30, 2007 and 2006, respectively, and                $750,000                and $682,000 for the nine months ended September 30, 2007 and 2006,                respectively. |
|--------|----|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

**LITIGATION**

**OPERATING      LEASE AGREEMENTS**

*(dollars      in      thousands)*

| Year   | Amount          |
|--------|-----------------|
| 2007   | $  41 |
| 2008   | 68              |
| 2009   | 15              |
| 2010   | 3               |
|   |            |
| Total  | $127            |

**GROUND      LEASE AGREEMENTS**

*(dollars      in      thousands)*

| Year                             | Amount                                   |
|----------------------------------|------------------------------------------|
| 2007                             | $      127 |
| 2008                             | 486                                      |
| 2009                             | 501                                      |
| 2010                             | 501                                      |
| 2011                             | 501                                      |
| 2012                through 2084 | 35,453                                   |
|                             |                                     |
| Total                            | $37,569                                  |

----

**OTHER**

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

*(dollars in thousands)*

| Year                               | Amount                     |
|------------------------------------|----------------------------|
| 2007                               | $   140,545 |
| 2008                               | 564,739                    |
| 2009                               | 523,522                    |
| 2010                               | 457,697                    |
| 2011                               | 388,581                    |
| 2012                and thereafter | 1,309,106                  |
|                               |                       |
| Total                              | $3,384,190                 |

----

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

----

*(dollars in      thousands)*

|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             |                                         |                               |                                       | Total                           |   |
|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|----------------------------------------------|------------------------------------|--------------------------------------------|---------------------------------|--------|
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             |                                         | Construction                       | Corporate                                  | Operating                       |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             | Real                Estate                   | Services                           |  &                Other (d)       | Partnership                     |   |
| **Total                revenues:**                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               |                                         |                               |                                       |                            |   |
|  Three                months ended:                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         |                                         |                               |                                       |                            |   |
| September                30, 2007                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                | $   189,635                   | $23,810                            | $      (564) | $  212,881            |   |
| September                30, 2006                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                | 176,089                                      | 23,353                             | 1,810                                      | 201,252                         |   |
|  Nine                months ended:                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          |                                         |                               |                                       |                            |   |
| September                30, 2007                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                | $   535,939                   | $77,784                            | $    (7,055)           | $  606,668            |   |
| September                30, 2006                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                | 494,332                                      | 36,464                             | 5,134                                      | 535,930                         |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             |                                         |                               |                                       |                            |   |
| **Total                operating and interest expenses(a):**                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |                                         |                               |                                       |                            |   |
|  Three                months ended:                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         |                                         |                               |                                       |                            |   |
| September                30, 2007                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                | $     70,209        | $23,255                            | $   45,066                  | $  138,530            | (e)    |
| September                30, 2006                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                | 72,634                                       | 23,432                             | 44,523                                     | 140,589                         | (f)    |
|  Nine                months ended:                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          |                                         |                               |                                       |                            |   |
| September                30, 2007                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                | $   201,187                   | $76,194                            | $                119,885                   | $  397,266            | (g)    |
| September                30, 2006                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                | 186,902                                      | 36,512                             | 128,277                                    | 351,691                         | (h)    |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             |                                         |                               |                                       |                            |   |
| **Equity                in earnings (loss) of unconsolidated**                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |                                         |                               |                                       |                            |   |
| **joint                ventures:**                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               |                                         |                               |                                       |                            |   |
|  Three                months ended:                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         |                                         |                               |                                       |                            |   |
| September                30, 2007                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                | $      (1,559) | --                                 | --                                         | $(1,559)                        |   |
| September                30, 2006                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                | (4,757)                                      | --                                 | --                                         | (4,757)                         |   |
|  Nine                months ended:                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          |                                         |                               |                                       |                            |   |
| September                30, 2007                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                | (5,486)                                      | --                                 | --                                         | (5,486)                         |   |
| September                30, 2006                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                | (5,356)                                      | --                                 | --                                         | (5,356)                         |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             |                                         |                               |                                       |                            |   |
| **Net                operating income (b):**                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |                                         |                               |                                       |                            |   |
|  Three                months ended:                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         |                                         |                               |                                       |                            |   |
| September                30, 2007                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                | $   117,867                   | $     555 | $  (45,630)                      | $    72,792 | (e)    |
| September                30, 2006                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                | 98,698                                       | (79)                               | (42,713)                                   | 55,906                          | (f)    |
|  Nine                months ended:                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          |                                         |                               |                                       |                            |   |
| September                30, 2007                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                | $   329,266                   | $  1,590                 | $(126,940)                                 | $  203,916            | (g)    |
| September                30, 2006                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                | 302,074                                      | (48)                               | (123,143)                                  | 178,883                         | (h)    |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             |                                         |                               |                                       |                            |   |
| **Total                assets:**                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |                                         |                               |                                       |                            |   |
| September                30, 2007                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                | $4,327,578                                   | $29,511                            | $                258,746                   | $4,615,835                      |   |
| December                31, 2006                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 | 4,281,222                                    | 28,353                             | 113,314                                    | 4,422,889                       |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             |                                         |                               |                                       |                            |   |
| **Total                long-lived assets (c):**                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  |                                         |                               |                                       |                            |   |
| September                30, 2007                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                | $4,284,141                                   | --                                 | $    (8,004)           | $4,276,137                      |   |
| 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                $49,790 of depreciation and amortization.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |
| (f)  Excludes                $39,726 of depreciation and amortization.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |
| (g)  Excludes                $135,064 of depreciation and amortization.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                |
| (h)  Excludes                $115,681 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 and nine months ended September 30, 2007                as                compared to the three and nine months ended September 30, 2006;                and |
| ·   | liquidity                and capital resources.                                                                                                                                                                 |

***Summary      of 2007 Transactions***

**Property      Acquisitions**

*(dollars in      thousands)*

| Acquisition                                                                                                                                                                                                                                                                           |                                    |                                         | #                of | Rentable                   | Acquisition                    |
|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|-----------------------------------------|----------------------------------------------|---------------------|----------------------------|--------------------------------|
| Date                                                                                                                                                                                                                                                                                  | Property/Address                        | Location                                     | Bldgs.              | Square                Feet | Cost                           |
| 05/08/07                                                                                                                                                                                                                                                                              | AAA                Properties (a)       | Hamilton                Township, New Jersey | 2                   | 69,232                     | $    9,048 |
| 06/11/07                                                                                                                                                                                                                                                                              | 125                Broad Street (b) (c) | New                York, New York            | 1                   | 524,476                    | 274,091                        |
|                                                                                                                                                                                                                                                                                  |                                    |                                         |                |                       |
| Total                Property Acquisitions:                                                                                                                                                                                                                                           |                                    | 3                                            | 593,708             | $283,139                   |
|                                                                                                                                                                                                                                                                                  |                                    |                                         |                |                       |
| (a)  Included                in this transaction was the acquisition of two parcels of developable                land                aggregating approximately 13 acres.                                                                                                   |
| (b)                     Acquisition represented two units of office condominium interests,                which                collectively comprise floors 2 through 16, or 39.6 percent, of the                40-story, 1.2 million square-foot building. |
| (c)      Transaction                was funded primarily through borrowing on the Operating Partnership’s                revolving credit facility.                                                                                               |

**Properties      Commencing Initial Operations**

*(dollars      in      thousands)*

|                                                                                                                                                                                                                               |                             |                                         |                |                       | Investment                by   |
|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|----------------------------------|----------------------------------------------|---------------------|----------------------------|--------------------------------|
|                                                                                                                                                                                                                               |                             |                                         | #                of | Rentable                   | Operating                      |
| Date                                                                                                                                                                                                                               | Property/Address                 | Location                                     | Bldgs.              | Square                Feet | Partnership                (a) |
| 05/08/07                                                                                                                                                                                                                           | 700                Horizon Drive | Hamilton                Township, New Jersey | 1                   | 120,000                    | $16,699                        |
|                                                                                                                                                                                                                               |                             |                                         |                |                       |
| Total                Properties Commencing Initial Operations:                                                                                                                                                                     |                             | 1                                            | 120,000             | $16,699                    |
|                                                                                                                                                                                                                               |                             |                                         |                |                       |
| (a)  Development                costs were funded primarily through draws on the Operating Partnership’s                revolving credit facility.  Amounts are as of September 30,                2007. |

**Land      Acquisition**

----

**Property      Sales**

*(dollars in      thousands)*

|                                        |                                      |                                  |                | Rentable   | Net      | Net     |               |
|---------------------------------------------|-------------------------------------------|---------------------------------------|---------------------|------------|----------|---------|--------------------|
| Sale                                        |                                      |                                  | #                of | Square     | Sales    | Book    | Realized           |
| Date                                        | Property/Address                          | Location                              | Bldgs.              |  Feet | Proceeds | Value   | Gain               |
| 05/10/07                                    | 1000                Bridgeport Avenue     | Shelton,                Connecticut   | 1                   | 133,000    | $16,411  | $13,782 | $  2,629 |
| 06/11/07                                    | 500                W. Putnam Avenue       | Greenwich,                Connecticut | 1                   | 121,250    | 54,344   | 18,113  | 36,231             |
| 07/13/07                                    | 100&                200 Decadon Drive | Egg                Harbor, New Jersey | 2                   | 80,344     | 11,448   | 5,894   | 5,554              |
|                                        |                                      |                                  |                |       |     |    |
| Total                Office Property Sales: |                                      | 4                                     | 334,594             | $82,203    | $37,789  | $44,414 |

***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 September 30, 2007 Compared to Three Months Ended September 30,      2006***

|                                                                      |                                                                Three                Months Ended     |                |               |
|---------------------------------------------------------------------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|---------------------|--------------------|
|                                                                      |                                                                    September 30, | Dollar              | Percent            |
| *(dollars                in thousands)*                                   | 2007                                                                                                                                                                                                                                                                                                                                       | 2006                | Change             | Change |
| **Revenue                from rental operations and other:**              |                                                                                                                                                                                                                                                                                                                                       |                |               |   |
| Base                rents                                                 | $145,535                                                                                                                                                                                                                                                                                                                                   | $137,270            | $  8,265 | 6.0% |
| Escalations                and recoveries from tenants                    | 27,491                                                                                                                                                                                                                                                                                                                                     | 24,959              | 2,532              | 10.1 |
| Other                income                                               | 11,376                                                                                                                                                                                                                                                                                                                                     | 5,134               | 6,242              | 121.6 |
| Total                revenues from rental operations                      | 184,402                                                                                                                                                                                                                                                                                                                                    | 167,363             | 17,039             | 10.2 |
|                                                                      |                                                                                                                                                                                                                                                                                                                                       |                |               |   |
| **Property                expenses:**                                     |                                                                                                                                                                                                                                                                                                                                       |                |               |   |
| Real                estate taxes                                          | 22,422                                                                                                                                                                                                                                                                                                                                     | 22,499              | (77)               | (0.3) |
| Utilities                                                                 | 21,944                                                                                                                                                                                                                                                                                                                                     | 18,565              | 3,379              | 18.2 |
| Operating                services                                         | 27,096                                                                                                                                                                                                                                                                                                                                     | 29,831              | (2,735)            | (9.2) |
| Total                property expenses                                    | 71,462                                                                                                                                                                                                                                                                                                                                     | 70,895              | 567                | 0.8 |
|                                                                      |                                                                                                                                                                                                                                                                                                                                       |                |               |   |
| **Non-property                revenues:**                                 |                                                                                                                                                                                                                                                                                                                                       |                |               |   |
| Construction                services                                      | 22,912                                                                                                                                                                                                                                                                                                                                     | 23,237              | (325)              | (1.4) |
| Real                estate services                                       | 5,567                                                                                                                                                                                                                                                                                                                                      | 10,652              | (5,085)            | (47.7) |
| Total                non-property revenues                                | 28,479                                                                                                                                                                                                                                                                                                                                     | 33,889              | (5,410)            | (16.0) |
|                                                                      |                                                                                                                                                                                                                                                                                                                                       |                |               |   |
| **Non-property                expenses:**                                 |                                                                                                                                                                                                                                                                                                                                       |                |               |   |
| Direct                construction costs                                  | 22,479                                                                                                                                                                                                                                                                                                                                     | 22,569              | (90)               | (0.4) |
| General                and administrative                                 | 13,411                                                                                                                                                                                                                                                                                                                                     | 12,173              | 1,238              | 10.2 |
| Depreciation                and amortization                              | 49,790                                                                                                                                                                                                                                                                                                                                     | 39,726              | 10,064             | 25.3 |
| Total                non-property expenses                                | 85,680                                                                                                                                                                                                                                                                                                                                     | 74,468              | 11,212             | 15.1 |
| Operating                income                                           | 55,739                                                                                                                                                                                                                                                                                                                                     | 55,889              | (150)              | (0.3) |
| **Other                (expense) income:**                                |                                                                                                                                                                                                                                                                                                                                       |                |               |   |
| Interest                expense                                           | (32,163)                                                                                                                                                                                                                                                                                                                                   | (35,466)            | 3,303              | 9.3 |
| Interest                and other investment income                       | 985                                                                                                                                                                                                                                                                                                                                        | 514                 | 471                | 91.6 |
| Equity                in earnings (loss) of unconsolidated joint ventures | (1,559)                                                                                                                                                                                                                                                                                                                                    | (4,757)             | 3,198              | 67.2 |
| Minority                interest in consolidated joint ventures           | 51                                                                                                                                                                                                                                                                                                                                         | 113                 | (62)               | (54.9) |
| Total                other (expense) income                               | (32,686)                                                                                                                                                                                                                                                                                                                                   | (39,596)            | 6,910              | 17.5 |
|                                                                      |                                                                                                                                                                                                                                                                                                                                       |                |               |   |
| Income                from continuing operations                          | 23,053                                                                                                                                                                                                                                                                                                                                     | 16,293              | 6,760              | 41.5 |
| Discontinued                operations:                                   |                                                                                                                                                                                                                                                                                                                                       |                |               |   |
| Income                from discontinued operations                        | 24                                                                                                                                                                                                                                                                                                                                         | 4,237               | (4,213)            | (99.4) |
| Realized                gains (losses) and unrealized losses              |                                                                                                                                                                                                                                                                                                                                       |                |               |   |
| on                disposition of rental property, net                     | 5,554                                                                                                                                                                                                                                                                                                                                      | --                  | 5,554              | -- |
| Total                discontinued operations, net                         | 5,578                                                                                                                                                                                                                                                                                                                                      | 4,237               | 1,341              | 31.6 |
| Net                income                                                 | 28,631                                                                                                                                                                                                                                                                                                                                     | 20,530              | 8,101              | 39.5 |
| Preferred                unit distributions                               | (500)                                                                                                                                                                                                                                                                                                                                      | (500)               | --                 | -- |
| Net                income available to common unitholders                 | $  28,131                                                                                                                                                                                                                                                                                                                        | $  20,030 | $  8,101 | 40.4% |

----

|                                                       |   | 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                                  |   | $                                    | 8,265  |   |       |   | 6.0    | %          |   | $ | 2,189 |   |   |   | 1.6 | % |   | $ | 6,076 |   |   |   | 4.4 | % |
| Escalations                and recoveries                  |   |                                 |   |   |       |   |   |       |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|   from                tenants                    |   |                                 | 2,532  |   |       |   | 10.1   |       |   |   | 953 |   |   |   | 3.8 |   |   |   | 1,579 |   |   |   | 6.3 |   |
| Other                income                                |   |                                 | 6,242  |   |       |   | 121.6  |       |   |   | 6,218 |   |   |   | 121.0 |   |   |   | 24 |   |   |   | 0.6 |   |
| Total                                                      |   | $                                    | 17,039 |   |       |   | 10.2   | %          |   | $ | 9,360 |   |   |   | 5.6 | % |   | $ | 7,679 |   |   |   | 4.6 | % |
|                                                       |   |                                 |   |   |       |   |   |       |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| **Property                expenses:**                      |   |                                 |   |   |       |   |   |       |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Real                estate taxes                           |   | $                                    | (77    | )      |       |   | (0.3   | )%         |   | $ | (1,044 | ) |   |   | (4.6 | )% |   | $ | 967 |   |   |   | 4.3 | % |
| Utilities                                                  |   |                                 | 3,379  |   |       |   | 18.2   |       |   |   | 2,815 |   |   |   | 15.2 |   |   |   | 564 |   |   |   | 3.0 |   |
| Operating                services                          |   |                                 | (2,735 | )      |       |   | (9.2   | )          |   |   | (4,527 | ) |   |   | (15.2 | ) |   |   | 1,792 |   |   |   | 6.0 |   |
| Total                                                      |   | $                                    | 567    |   |       |   | 0.8    | %          |   | $ | (2,756 | ) |   |   | (3.9 | )% |   | $ | 3,323 |   |   |   | 4.7 | % |
|                                                       |   |                                 |   |   |       |   |   |       |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| **OTHER                DATA:**                             |   |                                 |   |   |       |   |   |       |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Number                of Consolidated Properties           |   |                                 |   |   |       |   |   |       |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|  (excluding                properties held for sale): |   |                                 | 255    |   |       |   |   |       |   |   | 250 |   |   |   |   |   |   |   | 5 |   |   |   |   |   |
| Square                feet *(in                thousands)* |   |                                 | 29,245 |   |       |   |   |       |   |   | 28,431 |   |   |   |   |   |   |   | 814 |   |   |   |   |   |

----

----

***Nine      Months Ended September 30, 2007 Compared to Nine Months Ended September 30,      2006***

|                                                                      |                             Nine Months Ended         |                    |                    |
|---------------------------------------------------------------------------|-------------------------------------------------------------------------------------------------------------------|-------------------------|-------------------------|
|                                                                      |                               September 30, | Dollar                  | Percent                 |
| *(dollars                in thousands)*                                   | 2007                                                                                                              | 2006                    | Change                  | Change |
| **Revenue                from rental operations and other:**              |                                                                                                              |                    |                    |   |
| Base                rents                                                 | $427,574                                                                                                          | $398,109                | $                29,465 | 7.4% |
| Escalations                and recoveries from tenants                    | 79,477                                                                                                            | 69,202                  | 10,275                  | 14.8 |
| Other                income                                               | 17,628                                                                                                            | 13,318                  | 4,310                   | 32.4 |
| Total                revenues from rental operations                      | 524,679                                                                                                           | 480,629                 | 44,050                  | 9.2 |
|                                                                      |                                                                                                              |                    |                    |   |
| **Property                expenses:**                                     |                                                                                                              |                    |                    |   |
| Real                estate taxes                                          | 69,744                                                                                                            | 64,431                  | 5,313                   | 8.2 |
| Utilities                                                                 | 54,818                                                                                                            | 46,235                  | 8,583                   | 18.6 |
| Operating                services                                         | 79,070                                                                                                            | 75,867                  | 3,203                   | 4.2 |
| Total                property expenses                                    | 203,632                                                                                                           | 186,533                 | 17,099                  | 9.2 |
|                                                                      |                                                                                                              |                    |                    |   |
| **Non-property                revenues:**                                 |                                                                                                              |                    |                    |   |
| Construction                services                                      | 68,722                                                                                                            | 36,286                  | 32,436                  | 89.4 |
| Real                estate services                                       | 13,267                                                                                                            | 19,015                  | (5,748)                 | (30.2) |
| Total                non-property revenues                                | 81,989                                                                                                            | 55,301                  | 26,688                  | 48.3 |
|                                                                      |                                                                                                              |                    |                    |   |
| **Non-property                expenses:**                                 |                                                                                                              |                    |                    |   |
| Direct                construction costs                                  | 66,024                                                                                                            | 35,148                  | 30,876                  | 87.8 |
| General                and administrative                                 | 37,351                                                                                                            | 32,794                  | 4,557                   | 13.9 |
| Depreciation                and amortization                              | 135,064                                                                                                           | 115,681                 | 19,383                  | 16.8 |
| Total                non-property expenses                                | 238,439                                                                                                           | 183,623                 | 54,816                  | 29.9 |
| Operating                income                                           | 164,597                                                                                                           | 165,774                 | (1,177)                 | (0.7) |
| **Other                (expense) income:**                                |                                                                                                              |                    |                    |   |
| Interest                expense                                           | (94,432)                                                                                                          | (99,575)                | 5,143                   | 5.2 |
| Interest                and other investment income                       | 4,173                                                                                                             | 2,359                   | 1,814                   | 76.9 |
| Equity                in earnings (loss) of unconsolidated joint ventures | (5,486)                                                                                                           | (5,356)                 | (130)                   | (2.4) |
| Minority                interest in consolidated joint ventures           | 492                                                                                                               | 143                     | 349                     | 244.1 |
| Gain                on sale of investment in marketable securities        | --                                                                                                                | 15,060                  | (15,060)                | (100.0) |
| Total                other (expense) income                               | (95,253)                                                                                                          | (87,369)                | (7,884)                 | (9.0) |
|                                                                      |                                                                                                              |                    |                    |   |
| Income                from continuing operations                          | 69,344                                                                                                            | 78,405                  | (9,061)                 | (11.6) |
| Discontinued                operations:                                   |                                                                                                              |                    |                    |   |
| Income                from discontinued operations                        | 1,297                                                                                                             | 11,668                  | (10,371)                | (88.9) |
| Realized                gains (losses) and unrealized losses              |                                                                                                              |                    |                    |   |
|   on                disposition of rental property, net         | 44,414                                                                                                            | 4,905                   | 39,509                  | 805.5 |
| Total                discontinued operations, net                         | 45,711                                                                                                            | 16,573                  | 29,138                  | 175.8 |
| Net                income                                                 | 115,055                                                                                                           | 94,978                  | 20,077                  | 21.1 |
| Preferred                unit distributions                               | (1,500)                                                                                                           | (1,500)                 | --                      | -- |
| Net                income available to common unitholders                 | $113,555                                                                                                          | $                93,478 | $                20,077 | 21.5% |

----

|                                                       |   | 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                                  |   | $                                    | 29,465 |   |       |   | 7.4    | %          |   | $ | 12,664 |   |   |   | 3.2 | % |   | $ | 16,801 |   |   |   | 4.2 | % |
| Escalations                and recoveries                  |   |                                 |   |   |       |   |   |       |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|   from                tenants                    |   |                                 | 10,275 |   |       |   | 14.8   |       |   |   | 6,847 |   |   |   | 9.9 |   |   |   | 3,428 |   |   |   | 4.9 |   |
| Other                income                                |   |                                 | 4,310  |   |       |   | 32.4   |       |   |   | 4,205 |   |   |   | 31.6 |   |   |   | 105 |   |   |   | 0.8 |   |
| Total                                                      |   | $                                    | 44,050 |   |       |   | 9.2    | %          |   | $ | 23,716 |   |   |   | 4.9 | % |   | $ | 20,334 |   |   |   | 4.3 | % |
|                                                       |   |                                 |   |   |       |   |   |       |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| **Property                expenses:**                      |   |                                 |   |   |       |   |   |       |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Real                estate taxes                           |   | $                                    | 5,313  |   |       |   | 8.2    | %          |   | $ | 2,943 |   |   |   | 4.6 | % |   | $ | 2,370 |   |   |   | 3.6 | % |
| Utilities                                                  |   |                                 | 8,583  |   |       |   | 18.6   |       |   |   | 6,745 |   |   |   | 14.6 |   |   |   | 1,838 |   |   |   | 4.0 |   |
| Operating                services                          |   |                                 | 3,203  |   |       |   | 4.2    |       |   |   | 7,335 |   |   |   | 9.7 |   |   |   | (4,132 | ) |   |   | (5.5 | ) |
| Total                                                      |   | $                                    | 17,099 |   |       |   | 9.2    | %          |   | $ | 17,023 |   |   |   | 9.1 | % |   | $ | 76 |   |   |   | 0.1 | % |
|                                                       |   |                                 |   |   |       |   |   |       |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| **OTHER                DATA:**                             |   |                                 |   |   |       |   |   |       |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Number                of Consolidated Properties           |   |                                 |   |   |       |   |   |       |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|  (excluding                properties held for sale): |   |                                 | 255    |   |       |   |   |       |   |   | 240 |   |   |   |   |   |   |   | 15 |   |   |   |   |   |
| Square                feet *(in                thousands)* |   |                                 | 29,245 |   |       |   |   |       |   |   | 27,070 |   |   |   |   |   |   |   | 2,175 |   |   |   |   |   |

----

**LIQUIDITY      AND CAPITAL RESOURCES**

***Liquidity***

**Overview:**

----

**Gale      Earn-Out and Agreement:**

|   | (1) | The                Operating Partnership agreed to satisfy the requirements for the                $3                million payment due on May 9, 2008 and the $3 million payment due                on May                9, 2009 as of October 31, 2007 by: |
|--------|-----|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (a) | paying                $4 million in cash; and |
|--------|-----|-----------------------------------------------|

|   | (b) | transferring                to an entity whose beneficial owners includes Messrs. Gale and Yeager                a                49.8 percent interest in an entity that owns one of the non-portfolio                interests in a development project located in Belmar, New Jersey,                which it                acquired in June 2006 pursuant to the Gale Agreement for $1.6                million.  On September 30, 2007, the Operating Partnership wrote                off $2.1 million of costs related to this project, as it believes                the                project is no longer viable, which is included in general and                administrative expense for the three and nine months ended September                30, 2007. |
|--------|-----|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (2)                      | Under                the Gale Agreement, the Operating Partnership is obligated to acquire                from                an entity whose beneficial owners include Messrs. Gale and Yeager                (the                “Florham Entity”), a 50 percent interest in a venture which owns a                developable land parcel in Florham Park, New Jersey (the “Florham Park                Land”) for a maximum purchase price of up to $10.5 million, subject to                reduction based on developable square feet approved and other conditions,                with the completion of such acquisition subject to the Florham Entity                obtaining final development permits and approvals and related conditions                necessary to allow for office development expected to be 600,000                square                feet.  The Operating Partnership has agreed to waive its                contractual rights for reimbursement from the Florham Entity for                certain                costs incurred by the Operating Partnership securing approvals for                the                development of the Florham Park Land and to defer collection of other                costs.  Such deferred other costs, including a carrying charge                of six percent per annum,  will be credited against the purchase                price of the Florham Park Land at closing.  In the event the                acquisition of the Florham Park Land does not close by May 9, 2009,                subject to certain conditions, the Florham Entity will be obligated                to pay                the deferred other costs and an additional $1 million to the Operating                Partnership at that time. |
|---------------------------------------------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (3) | The                Operating Partnership has agreed to settle a dispute and treat the                right                to receive certain commission payments in the approximate amount                of $2.3                million as an excluded asset under the Gale Agreement, which commissions                may become payable in the event that Sanofi-Aventis exercises its                option                to cause the 55 Corporate venture (see Note 4: Investment in                Unconsolidated Joint Ventures) to construct a building which                Sanofi-Aventis would lease on a long-term basis, as well as the completion                of certain related events. The Operating Partnership has agreed to                pay                directly to an entity whose beneficial owners include Messrs. Gale                and                Yeager up to $769,000 of these commissions when and if due.  In                the event that Sanofi-Aventis does not exercise its option and the                55                Corporate venture receives the $7 million penalty, no amounts would                be due                to Messrs. Gale and Yeager or any of their                affiliates. |
|--------|-----|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

**Construction      Projects:**

----

**REIT      Restrictions:**

**Property      Lock-Ups:**

**Unencumbered      Properties:**

----

**Credit      Ratings:**

***Cash      Flows***

| (1)   | $171.2                million provided by operating                activities. |
|-----------------|--------------------------------------------------------------------------------|

| (2)   | $322.7                million used in investing activities, consisting primarily of the                following: |
|-----------------|-------------------------------------------------------------------------------------------------------------------|

| (a)   | $356.2                million used for additions to rental property and related intangibles;                plus |
|-----------------|------------------------------------------------------------------------------------------------------------------|

| (b)   | $4.9                million used for purchasing of Available For Sale Securities;                plus |
|-----------------|-------------------------------------------------------------------------------------------------------|

| (c)   | $22.3                million used in investing in unconsolidated joint ventures;                minus |
|-----------------|-------------------------------------------------------------------------------------------------------|

| (d)   | $57.2                million received from proceeds from the sales of rental                property. |
|-----------------|-------------------------------------------------------------------------------------------------------|

|   | (3)   | $80.2                million provided by financing activities, consisting primarily of                the                following: |
|--------|-----------------|-------------------------------------------------------------------------------------------------------------------------------------|

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

| (b)   | $395                million from borrowings under the Operating Partnership’s unsecured credit                facility; minus |
|-----------------|-------------------------------------------------------------------------------------------------------------------------------------|

| (c)   | $374                million used for the repayment of borrowings under the Operating                Partnership’s unsecured credit facility;                minus |
|-----------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (d)   | $25.4                million used for the repayment of mortgages, loans payable and other                obligations; minus |
|-----------------|-----------------------------------------------------------------------------------------------------------------------------|

| (e)   | $157.8                million used for the payment of dividends and                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     | $1,662,890                    | 78.03%                        | 6.29%                                                                   | 4.55                                                                       |
| Fixed                Rate Secured Debt and   |                          |                          |                                                                    |                                                                       |
|   Other                Obligations | 302,228                       | 14.18%                        | 5.36%                                                                   | 4.27                                                                       |
| Variable                Rate Unsecured Debt  | 166,000                       | 7.79%                         | 6.05%                                                                   | 3.73                                                                       |
|                                         |                          |                          |                                                                    |                                                                       |
| **Totals/Weighted                Average:**  | $2,131,118                    | 100.00%                       | 6.14%                                                                   | 4.45                                                                       |

----

**Debt      Maturities:**

| **Period**                                             | **Scheduled****Amortization****($000’s)** | **Principal****Maturities****($000’s)**                                     | **Total****($000’s)**                | **Weighted                Average****Interest                Rate of****Future                Repayments (a)** |
|--------------------------------------------------------|-------------------------------------------------|-----------------------------------------------------------------------------------|--------------------------------------------|----------------------------------------------------------------------------------------------------------------|
| 2007                                                   | $  4,521                              | $             -- | $      4,521 | 5.04%                                                                                                          |
| 2008                                                   | 20,336                                          | 12,563                                                                            | 32,899                                     | 5.23%                                                                                                          |
| 2009                                                   | 11,426                                          | 300,000                                                                           | 311,426                                    | 7.40%                                                                                                          |
| 2010                                                   | 2,583                                           | 334,500                                                                           | 337,083                                    | 5.26%                                                                                                          |
| 2011                                                   | 2,745                                           | 466,000                                                                           | 468,745                                    | 7.25%                                                                                                          |
| Thereafter                                             | 8,566                                           | 970,766                                                                           | 979,332                                    | 5.57%                                                                                                          |
| Sub-total                                              | 50,177                                          | 2,083,829                                                                         | 2,134,006                                  | 6.14%                                                                                                          |
| Adjustment                for unamortized              |                                            |                                                                              |                                       |                                                                                                           |
|   debt                discount/premium, net, |                                            |                                                                              |                                       |                                                                                                           |
|   as                of September 30, 2007    | (2,888)                                         | --                                                                                | (2,888)                                    |                                                                                                           |
|                                                   |                                            |                                                                              |                                       |                                                                                                           |
| Totals/Weighted                Average                 | $47,289                                         | $2,083,829                                                                        | $2,131,118                                 | 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-                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               | 100.0                                      | 25.0                            |
| BBB-/Baa3/BBB-                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      | 75.0                                       | 20.0                            |
| BBB/Baa2/BBB                (current)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               | 55.0                                       | 15.0                            |
| BBB+/Baa1/BBB+                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      | 42.5                                       | 15.0                            |
| A-/A3/A-                or higher                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   | 37.5                                       | 12.5                            |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                |                                       |                            |
| (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                   | 128,290    | --         | 128,290    |
| Common                units redeemed for Common Stock    | 210,566    | (210,566)  | --         |
| Common                units issued                       | --         | 114,911    | 114,911    |
| Shares                issued under Dividend Reinvestment |       |       |       |
|   and                Stock Purchase Plan       | 5,070      | --         | 5,070      |
| Restricted                shares issued                  | 13,000     | --         | 13,000     |
| Repurchase                of Common Stock                | (283,700)  | --         | (283,700)  |
|                                                     |       |       |       |
| Outstanding                at September 30, 2007         | 67,648,417 | 15,246,628 | 82,895,045 |

**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            | $2,106,274                                | $100,494 | $618,364 | $518,076 | $869,340 | -- |
| Revolving                credit facility         | 203,675                                   | 10,046 | 20,093 | 173,536 | -- | -- |
| Mortgages,                loans payable          |                                      |   |   |   |   |   |
|   and                other obligations | 402,200                                   | 49,149 | 213,395 | 18,759 | 92,103 | $28,794 |
| Payments                in lieu of taxes         |                                      |   |   |   |   |   |
|   (PILOT)                              | 66,958                                    | 4,194 | 12,755 | 8,670 | 23,683 | 17,656 |
| Operating                lease payments          | 127                                       | 92 | 35 | -- | -- | -- |
| Ground                lease payments             | 37,569                                    | 491 | 1,499 | 1,002 | 2,445 | 32,132 |
| Gale                settlement payments          | 6,000                                     | 3,000 | 3,000 | -- | -- | -- |
| Total                                            | $2,822,803                                | $167,466 | $869,141 | $720,043 | $987,571 | $78,582 |

***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)*      |                               |     |     |
|----------------------------------------------|------------------------------------|----------|----------|
| **September                30, 2007**        | **Maturity                Date**   |     |     |
| **Debt,**                                    | **10/1/07                –** |     |     |   |   |   |   |   |
| **including                current portion** | **12/31/07**                       | **2008** | **2009** | **2010** | **2011** | **Thereafter** | **Total** | **Fair                Value** |
|                                         |                               |     |     |   |   |   |   |   |
| Fixed                Rate                    | $4,299                             | $31,926  | $310,522 | $336,398 | $302,329 | $979,644 | $1,965,118 | $1,950,805 |
| Average                Interest Rate         | 5.04%                              | 5.23%    | 7.40%    | 5.26% | 7.91% | 5.57% | 6.15% |   |
|                                         |                               |     |     |   |   |   |   |   |
| Variable                Rate                 |                               |     |     |   | $166,000 |   | $   166,000 | $   166,000 |

**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      STOCK**

| (c)   |     **Period**                                   |    **Total                Number of Shares Purchased** |    **Average                Price****Paid                Per Share** |  **Total                Number of Shares Purchased as Part of Publicly****Announced                Plan (1)** |  **Maximum                Dollar Value of Shares That May Yet be Purchase under                the****Announced                Plan (1)** |
|-----------------|----------------------------------------------------------------------|-----------------------------------------------------------------------|-------------------------------------------------------------------------------------|--------------------------------------------------------------------------------------------------------------------|------------------------------------------------------------------------------------------------------------------------------------------------|
|            | July                1, 2007 toJuly                31, 2007           |  0                                                               |  N/A                                                                           |  0                                                                                                            |  $150,000,000                                                                                                                             |
|            | August                1, 2007 toAugust                31, 2007       |  280,700                                                         |  $39.34                                                                        |  280,700                                                                                                      |  $138,949,780.70                                                                                                                          |
|            | September                1, 2007 toSeptember                30, 2007 |  3,000                                                           |  $39.95                                                                        |  3,000                                                                                                        |  $138,829,930.70                                                                                                                          |
|            | **TOTAL:**                                                           | 283,700                                                               | $39.34                                                                              | 283,700                                                                                                            | $138,829,930.70                                                                                                                                |

|   | (1)    | The                Board of Directors of the Corporation adopted a $100 million share                repurchase program on August 6, 1998, re-authorized and increased                the                share repurchase program to $150 million on September 13, 2000, and                further re-authorized and increased the share repurchase program                to $150                million on September 12, 2007.  The share repurchase program                authorizes repurchases from time to time in open market transactions                at                prevailing prices or through privately negotiated transactions and                is not                subject to an expiration date. |
|--------|-----------------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

**Item      3.   Defaults Upon Senior Securities**

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

----

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

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

**Item      5.    Other Information**

| (a)   | None. |
|-----------------|-------|

| (b)   | None. |
|-----------------|-------|

**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:                      October                31, 2007 | By:                                   | /s/                Mitchell E. Hersh |
|                                                                                                                                                                     |                                  | Mitchell                E. Hersh |
|                                                                                                                                                                     |                                  | President                and |
|                                                                                                                                                                     |                                  |   Chief                Executive Officer |
|                                                                                                                                                                     |                                  |   |
|                                                                                                                                                                     |                                  |   |
| Date:                      October                31, 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).                  |
|                  |   |                                                                                                                                                                                                                                                                                                                                                       |

----

| **Exhibit****Number** |   | **Exhibit Title**                                                                                                                                                                                                                                                                                                                                            |
|-----------------------|--------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|                  |   |                                                                                                                                                                                                                                                                                                                                                              |
| 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).                         |
|                  |   |                                                                                                                                                                                                                                                                                                                                                              |
| 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). |

----

| **Exhibit****Number** |   | **Exhibit Title**                                                                                                                                                                                                                                                                                                                                  |
|-----------------------|--------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|                  |   |                                                                                                                                                                                                                                                                                                                                                    |
| 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).                  |
|                  |   |                                                                                                                                                                                                                                                                                                                                                    |
| 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).                         |

----

| **Exhibit****Number** |   | **Exhibit Title**                                                                                                                                                                                                                                                                                                                         |
|-----------------------|--------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|                  |   |                                                                                                                                                                                                                                                                                                                                           |
| 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). |
|                  |   |                                                                                                                                                                                                                                                                                                                                           |
| 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).                        |
|                  |   |                                                                                                                                                                                                                                                                                                                                           |

----

| **Exhibit****Number** |   | **Exhibit Title**                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               |
|-----------------------|--------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|                  |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |
| 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                 |   | Form                of Multi-Year Restricted Share Award Agreement (filed as Exhibit                10.1 to                the Operating Partnership’s Form 8-K dated September 12, 2007 and                incorporated herein by reference).                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |
|                  |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |
| 10.72                 |   | Form                of Tax Gross-Up Agreement (filed as Exhibit 10.2 to the Operating                Partnership’s Form 8-K dated September 12, 2007 and incorporated herein by                reference).                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |
|                  |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |
| 10.73                 |   | 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). |
|                  |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |
| 10.74                 |   | 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).                                                                                                                                                                                                                                                                                                                                                      |
|                  |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |
| 10.75                 |   | 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).                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               |
|                  |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |
| 10.76                 |   | 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).                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |
|                  |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |
| 10.77                 |   | Extension                and Third Modification Agreement dated as of June 22, 2007 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 June 22, 2007 and incorporated                herein by reference).                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |
|                  |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |
| 10.78                 |   | Fourth                Modification Agreement dated as of September 21, 2007 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 21, 2007 and incorporated herein by                reference).                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             |
|                  |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |
| 10.79                 |   | 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**                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           |
|-----------------------|--------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|                  |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             |
| 10.80                 |   | 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).                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |
|                  |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             |
| 10.81                 |   | First                Amendment to Contribution and Exchange Agreement, dated as of                December 11, 1997, by and among the Corporation 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).                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |
|                  |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             |
| 10.82                 |   | 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).                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      |
|                  |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             |
| 10.83                 |   | 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).                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      |
|                  |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             |
| 10.84                 |   | 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).                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |
|                  |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             |
| 10.85                 |   | 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).                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |
|                  |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             |
| 10.86                 |   | 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).                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      |
|                  |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             |
| 10.87                 |   | 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).                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |
|                  |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             |
| 10.88                 |   | 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). |
|                  |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             |
| 10.89                 |   | 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).                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            |
|                  |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             |

----

| **Exhibit****Number** |   | **Exhibit Title**                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |
|-----------------------|--------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|                  |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         |
| 10.90                 |   | 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                Corporation 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).                                                                                                                                                                                                                                                                                                                                  |
|                  |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         |
| 10.91                 |   | 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).                                                                                                                                                                                                                                                                                                                                                                     |
|                  |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         |
| 10.92                 |   | 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).                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          |
|                  |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         |
| 10.93                 |   | 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                Operating Partnership’s Form 10-Q dated September 30, 2004 and                incorporated herein by reference).                                                                                                                                                                                                                                                                                                                                                                                                                                                |
|                  |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         |
| 10.94                 |   | Letter                Agreement by and between Mack-Cali Realty Corporation and The Mills                Corporation dated October 5, 2004 (filed as Exhibit 10.55 to the                Operating                Partnership s Form 10-Q dated September 30, 2004 and incorporated                herein by reference).                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                |
|                  |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         |
| 10.95                 |   | 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).                                                                                                                                                                                                                                                                                                                                                      |
|                  |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         |
| 10.96                 |   | 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). |
|                  |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         |
| 10.97                 |   | 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).                                                                                                                                                                                                                                                                                                                                                                              |
|                  |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         |

----

| **Exhibit****Number** |   | **Exhibit Title**                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                |
|-----------------------|--------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|                  |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  |
| 10.98                 |   | 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). |
|                  |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  |
| 10.99                 |   | 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).                                                                                                                                                                                                                                                                                                                                                                                                                                         |
|                  |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  |
| 10.100                |   | 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).                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |
|                  |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  |
| 10.101                |   | 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).                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                |
|                  |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  |
| 10.102                |   | Amendment                No. 8 to 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 May 23, 2007 (filed                as                Exhibit 10.1 to the Operating Partnership’s Form 8-K dated May 23,                2007.                                                                                                                                                                                                                                                                                                                                                                                                                                                              |
|                  |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  |
| 10.103                |   | 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).                                                                                                                                                                                                                                                                                                                                               |
|                  |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  |
| 10.104                |   | 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).                                                                                                                                                                                                                                                                    |
|                  |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  |
| 10.105                |   | 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).                                                                                                                                                                                                                                                       |

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| **Exhibit****Number** |   | **Exhibit Title**                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |
|-----------------------|--------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|                  |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          |
| 10.106                |   | 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).                                                                                                                                                             |
|                  |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          |
| 10.107                |   | 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). |
|                  |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          |
| 10.108                |   | 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).                                                                                                                                                              |
|                  |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          |
| 10.109                |   | 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).                                                                                                                                                           |
|                  |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          |
| 10.110                |   | 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).                                                                                                                                                              |
|                  |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          |
| 10.111                |   | 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).                                                                                                                                                          |
|                  |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          |
| 10.112                |   | 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).                                                                                                                                                             |
|                  |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          |
| 10.113                |   | 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).                                                                                                                                                          |
|                  |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          |
| 10.114                |   | 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).                                                                                                                                                             |
|                  |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          |
| 10.115                |   | 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).                                                                                                                                                           |
|                  |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          |

----

| **Exhibit****Number** |   | **Exhibit Title**                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         |
|-----------------------|--------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|                  |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           |
| 10.116                |   | 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).                                                                                                                                                                                                |
|                  |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           |
| 10.117                |   | 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).                                                                                                                                                                                                                                                                                                                                                           |
|                  |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           |
| 10.118                |   | 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).                                                                                                                                                                                                                                                                    |
|                  |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           |
| 10.119                |   | 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).                                                                                                                                                                                                                               |
|                  |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           |
| 10.120                |   | 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).                                                                                                                                                                                                                             |
|                  |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           |
| 10.121                |   | 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).                                                                                                                                                                                                       |
|                  |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           |
| 10.122                |   | 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). |
|                  |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           |
| 10.123                |   | 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).                                                                                                                                                                                                                                                                                                                                                                                  |
|                  |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           |
| 10.124                |   | 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).                                                                                                                  |
|                  |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           |
| 10.125                |   | 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).                                                                                             |
|                  |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           |

----

| **Exhibit****Number** |   | **Exhibit Title**                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |
|-----------------------|--------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|                  |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          |
| 10.126                |   | 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 (filed as Exhibit 10.121 to                the                Operating Partnership’s Form 10-Q dated March 31, 2007 and incorporated                herein by reference).                                                                              |
|                  |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          |
| 10.127                |   | 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 (filed                as                Exhibit 10.122 to the Operating Partnership’s Form 10-Q dated March 31,                2007 and incorporated herein by reference).                                                                                                                                                                   |
|                  |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          |
| 10.128*               |   | Letter                Agreement by and between Mack-Cali Realty, L.P., Mack-Cali Realty                Acquisition Corp., Mack-Cali Belmar Realty, LLC, M-C Belmar, LLC,                Mr. Stanley C. Gale, SCG Holding Corp., 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 and Gale/Yeager Investments LLC dated October 31,                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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