EXHIBIT 23.3


                       CONSENT OF INDEPENDENT ACCOUNTANTS 



         We consent  to the  incorporation  by  reference  in this  Registration
Statement on Form S-8 of our report dated May 2, 1996,  appearing in Cali Realty
Corporation's  Current  Report on Form 8-K dated July 16, 1996, our report dated
July 25, 1996, appearing in Cali Realty Corporation's Current Report on Form 8-K
dated  October 8, 1996,  and our reports  dated October 15, 1996 and October 17,
1996,  appearing in Cali Realty  Corporation's  Current Report on Form 8-K dated
October  29,  1996.  We also  consent to the  reference  to us under the heading
"Experts" in such Registration Statement.



/s/Schonbraun, Safris, Sternlieb & Co., L.L.C.
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   Schonbraun, Safris, Sternlieb & Co., L.L.C.
Roseland, New Jersey
December 19, 1996