New York Stock Exchange
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...
Fairfax Financial and CEO McMorrow to Take Kennedy Wilson Private in $1.65 Billion All-Cash Deal
The Beverly Hills-based real estate investment firm will delist from the NYSE after a management-led buyout backed by its longtime Canadian insurance partner....
Rexford Industrial Posts Strong 2025 Results but Guides Flat as SoCal Market Headwinds and Strategic Overhaul Reshape the REIT’s Outlook
Under new leadership and activist pressure, the infill Southern California industrial landlord delivered 9.2 percent core FFO growth for 2025 while pivoting from...
Hankey Investment & Barker Pacific Acquire 326,000 SQFT Sunset Media Center in Hollywood for $61MM as Kilroy Continues Asset Sales
Joint venture partners pay roughly $187 per square foot for 325,995-square-foot Sunset Media Center at 51 percent occupancy Joint venture partners Hankey Investment...
Essex Property Trust Taps Bond Market for $350MM to Refinance Maturing Debt
West Coast apartment REIT issues 11-year senior notes at nearly 5 percent as it manages upcoming debt maturities Essex Property Trust, one of...
Macerich Rides Leasing Surge in Southern California Mall Revival
The Santa Monica-based REIT is outpacing targets as luxury and digitally-native brands flock to its California properties The Macerich Company is experiencing what...
Hudson Pacific Properties Announces Reverse Stock Split
LOS ANGELES- Hudson Pacific Properties, Inc. (“Hudson Pacific” or the “Company”) (NYSE: HPP) today announced that it will effect a 1-for-7 reverse stock split (the...
Macerich Posts $87MM Loss Amid Southern California Portfolio Challenges
The Santa Monica-based mall operator’s third-quarter deficit reflects ongoing struggles with debt refinancing and property transitions, even as key California assets show improved...
Kennedy Wilson CEO Leads Buyout Bid in Going Private Deal
McMorrow-led consortium offers 38 percent premium to take real estate firm private as company pivots toward fee-based business Kennedy Wilson Holdings is the...
Rexford Industrial Posts Strong Q3 Results, Boosts Guidance on Leasing Momentum
The Southern California industrial REIT executed $150 million in share buybacks while delivering positive rent growth and occupancy gains Rexford Industrial Realty reported...
Hudson Pacific Properties Reports $80.3MM Net Loss in Q1 2025 Amid Office Market Headwinds
Hudson Pacific Properties (NYSE: HPP) reported a significant net loss of $80.3 million for the first quarter of 2025, a 50.5 percent increase...
