Jump to content
 







Main menu
    


Navigation  


●Main page
 ●Contents
 ●Current events
 ●Random article
 ●About Wikipedia
 ●Contact us
 ●Donate
  



Contribute  


●Help
 ●Learn to edit
 ●Community portal
 ●Recent changes
 ●Upload file
  







Search  

































●Create account

●Log in
 









●Create account
 ● Log in
  



Pages for logged out editors learn more  


●Contributions
 ●Talk
  


















Contents

   



(Top)
  


1 History  




2 Notable investments  




3 See also  




4 References  




5 External links  













Macerich






●فارسی
  
Edit links
  








●Article
 ●Talk
  
















●Read
 ●Edit
 ●View history
  







Tools
    


Actions  


●Read
 ●Edit
 ●View history
  



General  


●What links here
 ●Related changes
 ●Upload file
 ●Special pages
 ●Permanent link
 ●Page information
 ●Cite this page
 ●Get shortened URL
 ●Download QR code
 ●Wikidata item
  



Print/export  


●Download as PDF
 ●Printable version
  















Appearance
    

 





From Wikipedia, the free encyclopedia
  
(Redirected from The Macerich Company)

The Macerich Company
Company typePublic

Traded as

  • S&P 600 component
    • IndustryReal estate investment trust
    Founded1964; 60 years ago (1964)
    FounderMace Siegel
    Richard Cohen
    HeadquartersSanta Monica, California, U.S.

    Key people

    		Steven Hash (Chairman of the Board)
    Thomas O'Hern (CEO)
    Edward Coppola (President)
    Scott Kingsmore (CFO)
    RevenueDecrease $786 million (2020)

    Net income

    		Increase -$230 million (2020)
    Total assetsIncrease $9.184 billion (2020)
    Total equityDecrease $2.445 billion (2020)

    Number of employees

    		670 (2020)
    Websitewww.macerich.com
    Footnotes / references
    [1]
    Lt.-Gen. Rick Findley, deputy commander of the North American Aerospace Defense Command, and Robert Taylor, senior property manager at Citadel Mall, perform the ceremonial ribbon cutting during the November 18, 2005 launch of the Citadel Mall's Santa Tracking Station.

    Macerich (/ˈmeɪsrɪtʃ/ MAYSS-ritch) is a real estate investment trust that invests in shopping centers. It is the third-largest owner and operator of shopping centers in the United States. As of December 31, 2020, the company owned interests in 52 properties comprising 50 million square feet of leasable area.[1] The company name is a portmanteau of its founders, Mace Siegel and Richard Cohen.[2]

    History[edit]

    The company traces its antecedents to the MaceRich Real Estate Company founded in New York in 1964 by Mace Siegel and Richard Cohen who combined their first names to name their company.[2]

    In 1994, the company became a public company via an initial public offering.[citation needed]

    In 2002, Macerich acquired Phoenix, Arizona-based Westcor for $1.475 billion. The purchase added 9 properties to Macerich's portfolio making them the largest mall owner in the Phoenix Metropolitan Area.[3]

    In 2005, the company acquired most of Rochester, New York-based Wilmorite Properties' portfolio for $2.333 billion, adding 11 shopping centers to Macerich's portfolio, including Tysons Corner CenterinTysons, Virginia.[4]

    In 2006, the company name was rebranded to "Macerich."[5]

    On April 1, 2015, the company rejected a $16.8 billion takeover offer from Simon Property Group, claiming that the offer undervalued the company. Simon withdrew the offer.[6][7]

    Notable investments[edit]

    Mall Location Notes
    Arrowhead Towne Center Glendale, Arizona 60% ownership with GIC[8]
    Biltmore Fashion Park Phoenix, Arizona
    Broadway Plaza Walnut Creek, California
    Chandler Fashion Center Chandler, Arizona
    Country Club Plaza Kansas City, Missouri 50% ownership with Taubman Centers[9]
    Danbury Fair Mall Danbury, Connecticut
    Deptford Mall Deptford Township, New Jersey
    Desert Sky Mall Phoenix, Arizona
    Eastland Mall Evansville, Indiana
    Fashion District Philadelphia Philadelphia, Pennsylvania
    Fashion Fair Mall Fresno, California
    Fashion Outlets of Chicago Rosemont, Illinois
    Fashion Outlets of Niagara Falls Niagara Falls, New York
    Flatiron Crossing Mall Broomfield, Colorado
    Freehold Raceway Mall Freehold Township, New Jersey
    Green Acres Mall Valley Stream, New York
    Inland Center San Bernardino, California
    Kierland Commons Phoenix, Arizona
    Kings Plaza Brooklyn, New York
    La Cumbre Plaza Santa Barbara, California long-term lease through 2077[10]
    Lakewood Center Lakewood, California 60% ownership with GIC[8]
    Los Cerritos Center Cerritos, California 60% ownership with GIC[8]
    The Mall of Victor Valley Victorville, California
    The Marketplace at Flagstaff Flagstaff, Arizona
    NorthPark Mall Davenport, Iowa
    The Oaks Thousand Oaks, California
    Pacific View Mall Ventura, California
    Queens Center Queens, New York
    Santa Monica Place Santa Monica, California
    SanTan Village Gilbert, Arizona
    Scottsdale Fashion Square Scottsdale, Arizona
    The Shops at Atlas Park Queens, New York
    The Shops at North Bridge Chicago, Illinois
    South Plains Mall Lubbock, Texas 60% ownership with GIC[8]
    SouthPark Mall Moline, Illinois
    Southridge Mall Des Moines, Iowa
    Stonewood Center Downey, California
    Superstition Springs Center Mesa, Arizona
    Towne Mall Elizabethtown, Kentucky
    Twenty Ninth Street Boulder, Colorado
    Tysons Corner Center Tysons Corner, Virginia
    Valley Mall Harrisonburg, Virginia
    Valley River Center Eugene, Oregon
    The Village at Corte Madera Corte Madera, California
    Vintage Faire Mall Modesto, California
    Washington Square Tigard, Oregon 60% ownership with GIC[8]
    Wilton Mall Wilton, New York

    See also[edit]

    References[edit]

    1. ^ a b "The Macerich Company 2020 Form 10-K Annual Report". U.S. Securities and Exchange Commission.
  • ^ a b "Prideful Mall Giant Macerich Burns a Hole in Canadian Teachers' Pension Investor - SWFI". www.swfinstitute.org. Retrieved April 21, 2020.
  • ^ Padgett, Mike (May 31, 2002). "Westcor sold for $1.5B". American City Business Journals.
  • ^ Smith, Ray A. (December 24, 2004). "Macerich to Acquire Wilmorite Properties In $1.45 Billion Deal". The Wall Street Journal.
  • ^ "Investing in Macerich: a Must-Know Company Overview". Market Realist. October 15, 2015. Retrieved April 21, 2020.
  • ^ Stahl, George (April 1, 2015). "Macerich Rejects Simon Property's $16.8 Billion Takeover Bid". The Wall Street Journal.
  • ^ Gara, Antoine (April 1, 2015). "Simon Property Withdraws $95.50 A Share Macerich Takeover Bid". Forbes.
  • ^ a b c d e Yu, Hui-yong (January 4, 2016). "Macerich Sells Mall Interests to GIC, Heitman for $2.3 Billion". Bloomberg News.
  • ^ "Country Club Plaza will sell $660 million". The Kansas City Star. January 4, 2016.
  • ^ Molina, Joshua (January 3, 2023). "Macy's Will Be Out of La Cumbre Plaza by 2028 as Housing Plans Roil Santa Barbara". Noozhawk. Retrieved January 4, 2023.

    • External links[edit]


    Retrieved from "https://en.wikipedia.org/w/index.php?title=Macerich&oldid=1231212134"
    Categories: 
    ●Macerich
     ●Companies listed on the New York Stock Exchange
     ●Shopping center management firms
     ●Companies based in Santa Monica, California
     ●Real estate investment trusts of the United States
     ●Real estate companies established in 1964
     ●American companies established in 1964
     ●1964 establishments in New York (state)
     ●1994 initial public offerings
     Hidden categories: 
    ●Articles with short description
     ●Short description matches Wikidata
     ●Use mdy dates from November 2019
     ●All articles with unsourced statements
     ●Articles with unsourced statements from April 2020
     ●Official website different in Wikidata and Wikipedia
      


    ●This page was last edited on 27 June 2024, at 02:48 (UTC).
    ●Text is available under the Creative Commons Attribution-ShareAlike License 4.0; additional terms may apply. By using this site, you agree to the Terms of Use and Privacy Policy. Wikipedia® is a registered trademark of the Wikimedia Foundation, Inc., a non-profit organization.


    ●Privacy policy
    ●About Wikipedia
    ●Disclaimers
    ●Contact Wikipedia
    ●Code of Conduct
    ●Developers
    ●Statistics
    ●Cookie statement
    ●Mobile view


    Wikimedia Foundation
    Powered by MediaWiki