December 06, 2017
SANTA MONICA, Calif., Dec. 6, 2017 /PRNewswire/ -- Macerich (NYSE:MAC), one of the nation's leading owners, operators and developers of retail properties in top markets, and Life Time®, the nation's only Healthy Way of Life brand, today announced a ground-up, 80,000 square-foot, resort-like Life Time Athletic healthy lifestyle, wellness and entertainment destination to be built at Biltmore Fashion Park in Phoenix.
The luxury, high-end destination will be the first Diamond-level location for Life Time in Arizona, and the organization's sixth club in the state. The new destination will be built in the east surface parking lot of the shopping center.
November 27, 2017
SANTA MONICA, Calif., Nov. 27, 2017 /PRNewswire/ -- The Macerich Company (NYSE: MAC) today announced the sale of an office building at 500 North Michigan Avenue in Chicago for $86.4 million. The asset was unencumbered and wholly-owned by Macerich.
500 N. Michigan Ave is a 326,000 square foot office tower located adjacent to Macerich's The Shops at North Bridge, a 673,000 square foot shopping center anchored by Nordstrom and Eataly which, as of September 30, 2017 was 99.2% occupied and generating sales per square foot of $906.
This latest disposition is consistent with Macerich's strategy of recycling capital out of...
November 15, 2017
Macerich Also Achieves #1 GRESB Ranking for North American Retail Sector in 2017, Third Year in a Row
SANTA MONICA, Calif., Nov. 15, 2017 /PRNewswire/ -- Macerich (NYSE: MAC), one of the nation's leading owners, operators and developers of one-of-a-kind retail properties in top markets, today announced that the National Association of Real Estate Investment Trusts (NAREIT) has named Macerich 2017 Retail "Leader in the Light" for an unprecedented fourth straight year.
"Earning 'Leader in the Light' for the fourth consecutive year, added to other important global and national recognition of our environmental achievements, is a powerful testament to Macerich's ongoing industry...
October 30, 2017
SANTA MONICA, Calif., Oct. 30, 2017 /PRNewswire/ -- The Macerich Company (NYSE: MAC) today announced results of operations for the quarter ended September 30, 2017, which included net income attributable to the Company of $17.5 million or $.12 per share-diluted for the quarter ended September 30, 2017 compared to net income attributable to the Company for the quarter ended September 30, 2016 of $13.7 million or $.09 per share-diluted. For the third quarter, 2017, funds from operations ("FFO") diluted was $145.0 million or $.96 per share-diluted compared to $160.3 million or $1.04 per share-diluted for the quarter ended September 30, 2016. A description and reconciliation of EPS per share-...