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FinanceIndustry NewsLos AngelesRetail

West Elm Santa Monica Property Lists for $28.2MM at Prime 4th Street Location

Newport Beach’s Jakosky Properties markets fully-leased retail asset with Williams-Sonoma guarantee through 2031 A trophy retail property in one of Southern California’s most...

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FeaturedFinanceIndustry NewsLos AngelesRetail

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...

San donà di Piave shopping center in Venice
FeaturedFinanceIndustry NewsLos AngelesRetail

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...

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AECFinanceIndustry NewsLos AngelesResidential

Santa Monica Development Site With 226-Unit Potential Marketed in Lender-Facilitated Sale

A 0.51-acre multifamily development site at 1543-1559 7th St. in Downtown Santa Monica has been listed for lender-facilitated sale. The property, known as...

SantaMonicaPlace_Center_Exterior
FinanceIndustry NewsLos AngelesRetail

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...

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AECIndustry NewsLos AngelesNews ReleasesRetail

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...

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FinanceIndustry NewsInland EmpireRetail

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...

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FeaturedIndustry NewsRetail

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...

FinanceIndustry NewsLos AngelesNews ReleasesRetail

Din Tai Fung Leases 10,615 SQFT of Space at Santa Monica Place

SANTA MONICA, Calif. — Macerich, one of the nation’s leading owners, operators and developers of high-quality retail and mixed-use properties in top markets,...

FinanceIndustry NewsLos AngelesNews ReleasesRetail

Arte Museum to Occupy 48,000 SQFT Space at Santa Monica Place

SANTA MONICA, Calif. — Macerich (NYSE: MAC), one of the nation’s leading owners, operators and developers of one-of-a-kind retail and mixed-use properties in...

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