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Home Finance Macerich’s $300MM Loan Tied to Santa Monica Place Mall Enters Special Servicing
FinanceIndustry NewsLos AngelesRetail

Macerich’s $300MM Loan Tied to Santa Monica Place Mall Enters Special Servicing

April 18, 20241 Mins read993
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Courtesy of Gerson Repreza on Unsplash
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By The Registry Staff Macerich, a leading real estate investment trust headquartered in Santa Monica, finds itself in turbulent waters as its property, the Santa Monica Place mall, faces a precarious financial situation. The 527,000 square foot mall's $300 million loan has been flagged for special servicing, marking the second occurrence within a span of […]

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