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Home Finance Macerich Under Contract to Sell 325,000 SQFT La Cumbre Plaza in Santa Barbara for Approximately $11MM
FinanceIndustry NewsLos AngelesRetail

Macerich Under Contract to Sell 325,000 SQFT La Cumbre Plaza in Santa Barbara for Approximately $11MM

February 19, 20264 Mins read842
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Photo by Yifan Ma on Unsplash
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The pending disposition of the 31-acre outdoor shopping center comes as the City of Santa Barbara advances mixed-use redevelopment plans for the anchor parcels, including a proposed 680-unit residential project on the Macy's site. The Macerich Company (NYSE: MAC) is under contract to sell La Cumbre Plaza, a 325,000-square-foot outdoor shopping center in Santa Barbara, […]

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