Macerich Bets $140MM NOI Lift on Anchor Overhaul and Gen Z-Driven Merchandising Strategy

The Santa Monica-based mall REIT is executing a two-year repositioning that has pushed leasing volume up 85 percent and committed replacements for all 30 targeted anchor boxes. Macerich Chief Executive Officer Jackson Hsieh is betting that the future of the American mall looks less like a department store and more like a curated collection of […]