Macerich Co.    

 
NYSE: MAC

Address:

401 Wilshire Blvd., Ste. 700

Santa Monica, CA 90401-1452

United States

Phone:
(310) 394-6000

Fax:
(310) 395-2791


Company description

The Macerich Company was organized as a Maryland corporation in September 1993 to continue and expand the shopping center operations of Mace Siegel, Arthur M. Coppola, Dana K. Anderson, Edward C. Coppola and certain of their business associates. The company is involved in the acquisition, ownership, development, redevelopment, management and leasing of regional and community shopping centers located throughout the United States. The company is the sole general partner of, and owns a majority of the ownership interests in, The Macerich Partnership, L.P., a Delaware limited partnership. As of December 31, 2008, Macerich Partnership owned or had an ownership interest in 72 regional shopping centers and 20 community shopping centers totaling approximately 76 million square feet of gross leasable area. The company is a self-administered and self-managed real estate investment trust (REIT) and conducts all of its operations through the Macerich Partnership and the company's seven management companies: Macerich Property Management Company, LLC, a single member Delaware limited liability company; Macerich Management Company, a California corporation; Westcor Partners, L.L.C., a single member Arizona limited liability company; Macerich Westcor Management LLC, a single member Delaware limited liability company; Westcor Partners of Colorado, LLC, a Colorado limited liability company; MACW Mall Management, Inc., a New York corporation; and MACW Property Management, LLC, a single member New York limited liability company. Recent notable acquisitions and dispositions include: On September 5, 2007, the company purchased the remaining 50% outside ownership interest in Hilton Village for $13.5 million. On December 17, 2007, the company purchased a portfolio of ground leasehold interest and/or fee interests in 39 freestanding Mervyn's stores for $400.2 million. On January 10, 2008, the company acquired The Shops at North Bridge for $515.0 million. On July 30, 2009, the company sold a 49% ownership interest in Queens Center to a third party for approximately $152.7 million.

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News and information about Macerich Co.

Form 8-K: Macerich Files Current Report
US Fed News Service, Including US State News; February 6, 2018; 314 words
WASHINGTON, Feb. 6 -- Macerich Co, Santa Monica, Calif., files Form 8-K (current report) with Securities and Exchange Commission on Feb. 5.State of Incorporation...
Ontario Teachers' Is Said to Test Investors on Macerich Bid
National Real Estate Investor (Online Exclusive); January 24, 2018; 563 words
...Teachers' Pension Plan Board has held talks with other investors about a potential deal to take U.S. mall owner Macerich Co. private, according to people familiar with the matter. The Canadian pension fund, which owns about 16.5 percent...
Unibail Buys Westfield for $16 Billion as Mall Owners Merge
National Real Estate Investor (Online Exclusive); December 13, 2017; 700+ words
...of mall owner GGP Inc. it doesn't already own. New York-based hedge fund Third Point is pushing for change at Macerich Co., including a possible sale, after building a stake in the real estate investment trust, people familiar with the...
Loeb's Third Point Is Said to Take Stake in Macerich REIT
National Real Estate Investor (Online Exclusive); November 11, 2017; 679 words
Byline: Bloomberg (Bloomberg)-Dan Loeb's Third Point has built a position in mall-owner Macerich Co., the real estate investment trust whose shares have come under pressure as traditional retailers battle online rivals, people...
MACERICH REPORTS DISPOSITION BY CEO COPPOLA (California)
US Fed News Service, Including US State News; July 3, 2017; 263 words
WASHINGTON, July 3 -- Macerich Co (MAC), Santa Monica, Calif., has filed a Form 4 with the Securities and Exchange Commission noting the change in the beneficial...
Large CMBS Loans Are Being Carved Up to Spread Risk; the Trend of Putting Ever-Smaller Pieces of the Same Commercial Mortgages into Multiple Securitizations Requires Investors to Be Extra Careful
National Mortgage News; July 1, 2017; 700+ words
...placed in as many conduits between October 2016 and March 2017, according to DBRS. The loan, which the property owner Macerich Co. obtained from JPMorgan Chase and Societe Generale, is backed by 536,093 square feet of the 957,944-square...
Carving Up Large CMBS Loans; the Trend of Putting Ever-Smaller Pieces of the Same Commercial Mortgages into Multiple Deals Requires Investors to Be Extra Careful, and Will Make Workouts More Complicated
Asset Securitization Report; July 1, 2017; 700+ words
...placed in as many conduits between October 2016 and March 2017, according to DBRS. The loan, which the property owner Macerich Co. obtained from JPMorgan Chase and Societe Generale, is backed by 536,093 square feet of the 957,944-square...
Large CMBS Loans Are Being Carved Up to Spread Risk, but
American Banker; May 22, 2017; 700+ words
...placed in as many conduits between October 2016 and March 2017, according to DBRS. The loan, which the property owner Macerich Co. obtained from JPMorgan Chase and Societe Generale, is backed by 536,093 square feet of the 957,944-square...

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