Macerich has surrendered the Santa Monica Place mall to its lender after defaulting on a $300 million loan. The locally based real estate investment trust has walked away from the 527,000-square ...

If one of your favorite pastimes is shopping, then you'll want to check out Santa Monica Place. Situated next to the Third Street Promenade, another shopping mecca, this modern outdoor mall is ...

A representative for Macerich did not immediately respond to a request for comment. The 527,000-square-foot mall at 395 Santa Monica Place was built in 1980. Macerich acquired it in 1999 for $130 ...

This isn’t the holiday discount Macerich had in mind. The 523,139-square-foot Santa Monica Place shopping mall in Santa Monica, Calif., saw a big drop in value at its latest appraisal, according to ...

Once Santa’s Monica’s signature destination for shopping and dining, the Third Street Promenade is showing its age. Its decline has left the promenade’s landlords and city officials trying ...

The city approved the zone as part of a broader effort to boost business on the promenade, an area where blocks are closed to ...

Macerich, one of the largest mall REITs, is handing back the keys for a property close to home. The Santa Monica-based REIT is giving Santa Monica Place back to its lender after defaulting on a $ ...

The value of Macerich’s Santa Monica Place has dropped to $255M, a 34.6% decrease compared to the $390M the property was valued at in October 2022, according to Morningstar. The mall’s value ...