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Home Finance Macerich Cuts Q3 Loss to $16.7MM as $463.4MM Los Cerritos Loan Becomes Its Next Southern California Test
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Macerich Cuts Q3 Loss to $16.7MM as $463.4MM Los Cerritos Loan Becomes Its Next Southern California Test

November 5, 20263 Mins read7
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Macerich narrowed its third-quarter loss to $16.7 million on asset-sale gains and rising mall income, while its shrinking Southern California footprint, now led by Los Cerritos Center and still shadowed by Santa Monica Place, faces a $463.4 million refinancing in 2027 after a keeper mall in Fresno defaulted on its loan this week.

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