Macerich
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...
Macerich Stumbles with $127.7MM in Losses in Q1 2024
The reign of the American shopping mall may be drawing to a close, but not without a fight. Mall owner Macerich, a titan...
Macerich’s $300MM Loan Tied to Santa Monica Place Mall Enters Special Servicing
By The Registry Staff Macerich, a leading real estate investment trust headquartered in Santa Monica, finds itself in turbulent waters as its property,...
The Macerich Company Announces CEO Change
Tom O’Hern to Retire as Chief Executive Officer of The Macerich Company Jackson Hsieh Named as Successor SANTA MONICA, Calif., Feb. 05, 2024...
