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Home Finance Macerich Faces Challenges with Santa Monica Place as Value Drops to $255MM
FinanceIndustry NewsLos AngelesRetail

Macerich Faces Challenges with Santa Monica Place as Value Drops to $255MM

November 19, 20241 Mins read574
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Macerich, the real estate investment trust (REIT) known for its portfolio of high-profile shopping centers, is facing challenges with its Santa Monica Place property. The upscale mall, located at 395 Santa Monica Place, has seen its value drop to $255 million, a 35 percent decrease since its loan entered special servicing in April. According to […]

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