Macerich
Pacific Retail JV Negotiates Workout as $309MM Loan on 2MM SQFT Lakewood Center Reaches June Maturity
Less than a year after acquiring Lakewood Center from Macerich for $332.1 million, the joint venture of Pacific Retail Capital Partners, Lyon Living...
Macerich Lifts 2028 FFO Target to $2.00 as Path Forward Plan Hits Inflection Point
Santa Monica-based REIT raises its NOI ceiling and reports $1.3 billion in completed dispositions as record leasing momentum reshapes its Class A mall...
UCLA Clears Environmental Hurdle for 1.35MM-SQFT Westside Pavilion Conversion Into Research Hub
The university’s adaptive reuse play to convert a dead mall into a multidisciplinary science campus moves into formal CEQA review, with a public...
Macerich Bets $140MM NOI Lift on Anchor Overhaul and Gen Z-Driven Merchandising Strategy
The Santa Monica-based mall REIT is executing a two-year repositioning that has pushed leasing volume up 85 percent and committed replacements for all...
97,000 SQFT Burlington, Bank of America & 24 Hour Fitness Anchored Retail Offering at Lakewood Center Listed for $50.69MM
The offering at California’s most-visited retail destination represents approximately $521 per square foot and comes months after a joint venture acquired the broader...
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...
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...
