Macerich
97,000 SQFT Burlington, Bank of America & 24 Hour Fitness Anchored Retail Offering at Lakewood Center Listed for $50.69MM
The offering at California’s most-visited retail destination represents approximately $521 per square foot and comes months after a joint venture acquired the broader...
Macerich Under Contract to Sell 325,000 SQFT La Cumbre Plaza in Santa Barbara for Approximately $11MM
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...
Macerich Sheds Nearly $500MM in Southern California Retail Assets as Path Forward Plan Reshapes Portfolio
The REIT completed dispositions including Lakewood Center and The Oaks while its go-forward centers posted stronger tenant sales and positive re-leasing spreads across...
CenterCal, DRA Snap Up Long Beach Mall in $145MM Bet on Experiential Retail
As traditional shopping centers scramble to reinvent themselves, the joint venture is banking on grocery-anchored retail’s resilience CenterCal Properties and DRA Advisors are...
$350MM Dead Mall Revival: LA’s Westside Pavilion Becomes 201-Unit Luxury Complex
Developer GPI Companies transforms former shopping center into 201-unit luxury residential complex, completing ambitious adaptive reuse project The final chapter in one of...
Pacific Retail, Lyon Living, and Silverpeak Purchase 2MM SQFT Lakewood Center from Macerich for $332.1MM
(EDITOR’S NOTE: The sale followed a strategic move by Macerich to acquire its joint venture partner’s 40 percent interest in the property in late...
Nordstrom to Shutter 122,000 SQFT Santa Monica Store Despite Strong Earnings
Closure adds to mounting challenges for struggling Santa Monica Place mall Department store giant Nordstrom will permanently close its Santa Monica location at...
527,000 SQFT Santa Monica Place Gets New Management Following $300MM Default
CRE management firm is a veteran of SoCal Retail Trigild engages Prism with mandate to revive April 3, 2025 (LOS ANGELES) — Prism...
Macerich Plans to Sell 1.2MM SQFT Thousand Oaks Shopping Center The Oaks for $157MM
By Kate Snyder A shopping center in Thousand Oaks that tops one million square feet will soon see a new owner. In a...
The Macerich Company Announces CFO Change
Dan Swanstrom Named as Chief Financial Officer of The Macerich Company SANTA MONICA, Calif., Nov. 06, 2024 — The Macerich Company (NYSE: MAC)...
Rising Realty’s 1 Cal Plaza in Downtown Los Angeles Sees $300MM CMBS Loan Move to Special Servicing
A $300 million CMBS loan backed by 1 Cal Plaza in downtown Los Angeles has transitioned to special servicing ahead of its November...
Macerich Nearing Refinancing on $115MM Victorville Mall Loan As it Evaluates Assets Across Portfolio
Macerich, the Santa Monica-based real estate giant, is playing a high-stakes game of Jenga with its debt. As the third-largest shopping mall operator...
