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,...
macerich
The Latest
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...
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...
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...
National Cheat Sheet: Fed’s interest rate hike raises Trump Org’s borrowing costs, US housing market slowdown could continue …
& more
Trump Org faces extra $1M in borrowing costs from higher interest rates The Federal Reserve irked President Donald Trump by raising interest rates for...
& more
How one REIT is trying to lure online brands into brick-and-mortar stores
Macerich is trying out a new program in its malls to make it easier for e-commerce brands to open...
Macerich partners with Industrious to bring co-working into malls
Mall owner Macerich announced a partnership with co-working company Industrious to turn unused retail space into flexible offices. The...
Macerich plans affordable shops, outdoor space at Queens mall
Macerich, a real estate investment trust that owns retail properties nationwide, has big plans for drawing crowds to its...