National
“Revenge buying” powers mall owner Macerich to crush estimates
Shopping centers, pummeled by the pandemic, are staging a comeback. That’s welcome news for one of the nation’s largest...
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Macerich unloads Phoenix mall for $100M; redevelopment awaits
Macerich Company has sold a Phoenix mall for $100 million, as the mall REIT continues to battle back from...
Here’s what tenants are paying at Macerich’s Kings Plaza mall
When J. C. Penney announced that it would close nearly a third of its stores following its bankruptcy last...
National
Macerich looks to tap investors after stings from Covid then day traders
Macerich Company, the beleaguered mall REIT whose stock briefly soared last week before falling back down, is preparing to...
J.C. Penney implosion hits two New York City malls
J.C. Penney’s bankruptcy is resulting in a bloodbath for its employees and pain for its landlords. The retail chain,...
National
Mall landlords’ stocks plunge as REIT eyes bankrupt Forever 21
The news that Simon Property Group could buy bankrupt retailer Forever 21 has cost the mall landlord nearly $2...
Brooklyn mall’s $487M tops outer-borough loan list
December’s largest outer-borough loans serve as an admittedly small rebuttal to the narrative of dying shopping malls. Large loans...
Macerich lands nearly $500M refi for Kings Plaza Shopping Center
Retail giant Macerich has landed a $487 million refinancing for its Kings Plaza Shopping Center amid a bleak environment...
National
Macerich exec says “the retail apocalypse is a good thing”
As e-commerce continues to kill brick-and-mortar stores, some landlords appear to be embracing the new reality for retail. “The...
National
Mall owner Macerich expects more store closures in 2019 across portfolio: CEO
As shopping malls nationwide have been battered by ecommerce, mall landlord Macerich has sought alternatives by redeveloping some of...