Hudson Pacific and Macerich to transform Westside Pavilion into state-of-the-art creative office space in a Prime Los Angeles Location

  • Hudson Pacific Brings Deep Expertise in Successfully Redeveloping and Repositioning Properties as Creative Offices to Attract Top-Tier Tenants in Technology, Entertainment, and Other High-Growth Industries
  • Redevelopment to Provide Approximately 500,000 Square Feet of Creative Office in a Prime Los Angeles Location Adjacent to Freeways and Public Transportation

LOS ANGELES, 2018-Mar-08 — /EPR Retail News/ — Hudson Pacific Properties, Inc. (NYSE: HPP) and Macerich (NYSE: MAC) today (03/05/18) announced the formation of a joint venture through which Hudson Pacific and Macerich will work together to transform the approximately 600,000 square-foot Westside Pavilion into approximately 500,000 square feet of state-of-the-art creative office space, while retaining the approximately 100,000 square feet of existing entertainment retail space. The joint venture will be held 75% by Hudson Pacific and 25% by Macerich.

The companies estimate total project costs, including the asset value at contribution, in the range of $425-475 million, with each partner contributing their pro rata share. The construction is expected to be completed by mid-2021. Hudson Pacific will serve as the joint venture’s Managing Member and the property’s day-to-day operator and developer.

Victor Coleman, Chairman and CEO of Hudson Pacific, said: “Westside Pavilion is a perfect opportunity for us to reposition a marquee asset in a premier location—this is what we do best. The project is poised to capture the strong demand from tenants for creative office space on the west side of Los Angeles. We look forward to working with Macerich and to making our signature improvements to the property, which we believe will greatly benefit the surrounding community.”

Art Coppola, Chairman and CEO of Macerich, said: “Our joint venture with Hudson Pacific will enable us to maximize the value of this incredibly well-situated real estate with dynamic new uses—something Macerich has always excelled at. Hudson Pacific brings great expertise in the creative office space segment, and we are pleased to partner with them on this exciting, high visibility project.”

Westside Pavilion is located proximate to the I-405 and I-10 freeways and steps from the Expo Line light rail’s Westwood/Rancho Park station. The property is immediately adjacent to the residential enclave of Cheviot Hills, and less than three miles from the business and residential communities of Century City, Westwood, Culver City, Mar Vista and Brentwood. The property’s proximity to these neighborhoods, excellent access to freeways and public transit, and its large footprint and parking areas make it ideal for redeveloping office space.

About Hudson Pacific Properties

Hudson Pacific Properties is a vertically integrated real estate company focused on acquiring, repositioning, developing and operating high quality office and state-of-the-art media and entertainment properties in select West Coast markets. Hudson Pacific invests across the risk-return spectrum, favoring opportunities where it can employ leasing, capital investment and management expertise to create additional value. Founded in 2006 as Hudson Capital, the company went public in 2010, electing to be taxed as a real estate investment trust. Through the years, Hudson Pacific has strategically assembled a portfolio totaling over 17 million square feet including land for development, in high growth, high-barrier-to-entry submarkets throughout Northern and Southern California and the Pacific Northwest. The company is a leading provider of design-forward, next-generation workspaces for a variety of tenants, with a focus on Fortune 500 and leading growth companies, many in the technology, media and entertainment sectors. As a long-term owner, Hudson Pacific prioritizes tenant satisfaction and retention, providing highly customized build-outs and working proactively to accommodate tenants’ growth. Hudson Pacific trades as a component of the Russell 2000® and the Russell 3000® indices. For more information visit HudsonPacificProperties.com.

About Macerich

Macerich, an S&P 500 company, is a fully integrated self-managed and self-administered real estate investment trust, which focuses on the acquisition, leasing, management, development and redevelopment of regional malls throughout the United States. Macerich currently owns 53 million square feet of real estate consisting primarily of interests in 48 regional shopping centers. Macerich specializes in successful retail properties in many of the country’s most attractive, densely populated markets with significant presence in the Pacific Rim, Arizona, Chicago and the Metro New York to Washington, DC corridor. A recognized leader in sustainability, Macerich has earned NAREIT’s prestigious “Leader in the Light” award every year from 2014-2017. For the third straight year in 2017 Macerich achieved the #1 GRESB ranking in the North American Retail Sector, among many other environmental accomplishments. Additional information about Macerich can be obtained from the company’s website at www.macerich.com.

Forward-Looking Statements

This press release may contain forward-looking statements within the meaning of the federal securities laws. Forward-looking statements relate to expectations, beliefs, projections, future plans and strategies, anticipated events or trends and similar expressions concerning matters that are not historical facts. In some cases, you can identify forward-looking statements by the use of forward-looking terminology such as “may,” “will,” “should,” “expects,” “intends,” “plans,” “anticipates,” “believes,” “estimates,” “predicts,” or “potential” or the negative of these words and phrases or similar words or phrases that are predictions of or indicate future events, or trends and that do not relate solely to historical matters. Forward-looking statements involve known and unknown risks, uncertainties, assumptions and contingencies, many of which are beyond the company’s control that may cause actual results to differ significantly from those expressed in any forward-looking statement. All forward-looking statements reflect the company’s good faith beliefs, assumptions and expectations, but they are not guarantees of future performance. Furthermore, the company disclaims any obligation to publicly update or revise any forward-looking statement to reflect changes in underlying assumptions or factors, new information, data or methods, future events or other changes. For a further discussion of these and other factors that could cause the company’s future results to differ materially from any forward-looking statements, see the section entitled “Risk Factors” in the company’s Annual Report on Form 10-K for the year ended December 31, 2017 filed with the Securities and Exchange Commission, or SEC, on February 16, 2018, and other risks described in documents subsequently filed by the company from time to time with the SEC.

Contacts:

Investor/Media Contacts:
Hudson Pacific Properties
Laura Campbell
Vice President, Head of Investor Relations
310.622.1702
lcampbell@hudsonppi.com

Macerich
Karen Maurer
602.953.6471
karen.maurer@macerich.com

Source: Macerich

Macerich to participate in the Citi 2018 Global Property CEO Conference in Hollywood, Florida

SANTA MONICA, Calif., 2018-Mar-06 — /EPR Retail News/ — Macerich® (NYSE: MAC) today (03/05/18) announced that Art Coppola, CEO and Chairman, Ed Coppola, President and Tom O’Hern, Senior Executive Vice President and CFO will participate in the Citi 2018 Global Property CEO Conference in Hollywood, Florida.

Macerich will participate in a roundtable discussion from approximately 2:55 p.m. to 3:30 p.m. Eastern Time, on Monday, March 5, 2018.  Interested parties can listen to a live audio only webcast of the discussion on the Macerich website at www.macerich.com (Investing Section). To listen, please go to the website, at least fifteen minutes prior to the start of the discussion in order to register.  An online replay of the webcast will be available one hour after the conclusion of the live event and will be available until May 1, 2018.

Macerich, an S&P 500 company, is a fully integrated self-managed and self-administered real estate investment trust, which focuses on the acquisition, leasing, management, development and redevelopment of regional malls throughout the United States.

Macerich currently owns 53 million square feet of real estate consisting primarily of interests in 48 regional shopping centers. Macerich specializes in successful retail properties in many of the country’s most attractive, densely populated markets with significant presence in the Pacific Rim, Arizona, Chicago and the Metro New York to Washington, DC corridor.

A recognized leader in sustainability, Macerich has earned NAREIT’s prestigious “Leader in the Light” award every year from 2014-2017. For the third straight year in 2017 Macerich achieved the #1 GRESB ranking in the North American Retail Sector, among many other environmental accomplishments. Additional information about Macerich can be obtained from the Company’s website at www.macerich.com.

Contact:

Jean Wood
Vice President
Investor Relations
(424-229-33

SOURCE: Macerich

Macerich and Life Time® to build a Athletic healthy lifestyle, wellness and entertainment resort destination at Biltmore Fashion Park in Phoenix

Macerich and Life Time® to build a Athletic healthy lifestyle, wellness and entertainment resort destination at Biltmore Fashion Park in Phoenix

 

SANTA MONICA, Calif., 2017-Dec-07 — /EPR Retail News/ — 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.

Life Time at Biltmore Fashion Park will offer a healthy living, healthy aging, healthy entertainment resort LifeSpa, a full-service salon and spa providing serene and relaxing treatment rooms for massage and facials as well as full hair and nail service; LifeCafe, a full-service, fast casual restaurant and bar; and a rooftop pool with bistro, plus a unique Kids Academy program, group fitness studios, yoga studios, a cycle studio, a Pilates studio, basketball court and much more.

“Biltmore Fashion Park is the ideal setting for our new Diamond location, which will be our most luxurious health, wellness, lifestyle and entertainment destination in the Phoenix area,” said Jeff Zwiefel, Life Time chief operating officer. “Our members already spend time in this well-placed property in the heart of the upscale Camelback Corridor, and it’s a great fit for our Life Time brand.”

Said Macerich Chairman and CEO Art Coppola: “Biltmore Fashion Park, with its park-like green lawns and outstanding collection of luxury retail and fine dining, is a favorite experience for the region’s best shoppers. The new, top-level Life Time destination adds to the powerful list of attractions for this true town square and one-of-a-kind property, and further demonstrates Macerich’s ability to elevate the experiences in our exceptional portfolio.”

The iconic, all-outdoor Biltmore Fashion Park is Arizona’s original luxury retail destination, featuring Saks Fifth Avenue, Stuart Weitzman, Jonathan Adler, lululemon and more, plus a stellar line-up of destination restaurants including The Capital Grille, The Cheesecake Factory, Christopher’s and Seasons 52, and a rich variety of dining experiences from Fox Restaurant Concepts, such as True Food Kitchen, Zinburger and BLANCO TACOS + TEQUILA.

About Life Time®—Healthy Way of Life
Life Time champions a healthy and happy life for its members across 129 destinations in 37 major markets in the U.S. and Canada. As the nation’s only Healthy Way of Life brand, Life Time delivers an unmatched athletic resort experience and provides a comprehensive healthy living, healthy aging and healthy entertainment experience that goes well beyond fitness to encompass the entire spectrum of daily life for individuals, couples and families of all ages. For more information visit www.lifetime.life.

About Macerich

Macerich, an S&P 500 company, is a fully integrated self-managed and self-administered real estate investment trust, which focuses on the acquisition, leasing, management, development and redevelopment of regional malls throughout the United States.

Macerich currently owns 53 million square feet of real estate consisting primarily of interests in 48 regional shopping centers. Macerich specializes in successful retail properties in many of the country’s most attractive, densely populated markets with significant presence in the Pacific Rim, Arizona, Chicago and the Metro New York to Washington, DC corridor.

A recognized leader in sustainability, Macerich has earned NAREIT’s prestigious “Leader in the Light” award every year from 2014-2017. For the third straight year in 2017 Macerich achieved the #1 GRESB ranking in the North American Retail Sector, among many other environmental accomplishments. Additional information about Macerich can be obtained from the Company’s website at www.macerich.com.

Contact:

Karen Maurer
Macerich
602-708-6311
karen.maurer@macerich.com

Natalie Bushaw
Life Time
952-229-2007
nbushaw@lifetimefitness.com

SOURCE: Macerich Company

###

Macerich announces the sale of its Chicago office building for $86.4 million

SANTA MONICA, Calif., 2017-Nov-29 — /EPR Retail News/ —The Macerich Company (NYSE: MAC) today (Nov. 27, 2017) 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 non-core assets and into its core portfolio of irreplaceable retail destinations in hub and gateway U.S. cities.

Macerich, an S&P 500 company, is a fully integrated self-managed and self-administered real estate investment trust, which focuses on the acquisition, leasing, management, development and redevelopment of regional malls throughout the United States.

Macerich currently owns 54 million square feet of real estate consisting primarily of interests in 48 regional shopping centers. Macerich specializes in successful retail properties in many of the country’s most attractive, densely populated markets with significant presence in the Pacific Rim, Arizona, Chicago, and the New York Metro area to Washington DC corridor. Additional information about Macerich can be obtained from the Company’s website at www.macerich.com.

Contact:

Jean Wood
Vice President – Investor Relations
424-229-3366

John Perry
Senior Vice President – Investor Relations
424-229-3345

Thomas O’Hern
Senior Executive Vice President and Chief Financial Officer
310-394-6000

SOURCE: Macerich Company

NAREIT names Macerich 2017 Retail “Leader in the Light” for the fourth straight year

  • Macerich Earns Nareit’s Prestigious Retail ‘leader In The Light’ Award For Fourth Straight Year, Leading Industry In Sustainability
  • Macerich Also Achieves #1 GRESB Ranking for North American Retail Sector in 2017, Third Year in a Row

SANTA MONICA, Calif., 2017-Nov-17 — /EPR Retail News/ — 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 leadership in sustainability,” said Art Coppola, Chairman and Chief Executive Officer, Macerich. “Our vision and commitment to invest in energy assets including solar, fuel cell, battery storage and water technology – combined with smart practices in utility conservation and water reservation – not only provide strong economic results, but also propel us toward our industry-leading goal of achieving carbon neutrality by 2030.”

Other major sustainability awards – including multiple repeat honors – earned by Macerich in 2017 include:

  • GRESB: For the third straight year, Macerich achieved the #1 ranking in the North American Retail Sector for 2017, based on scores published by Global Real Estate Sustainability Benchmark (GRESB).
  • EPA Green Power Partnership: Macerich again made the Environmental Protection Agency’s Green Power Partnership list of Top 30 On-Site Generation companies, also for the third consecutive year.
  • CDP: Macerich achieved high rankings with CDP for actions to mitigate climate change for the third year in a row.
  • BREEAM USA In-use Certification for 10 more properties: This fall, Macerich is set to earn this important green building standard for existing buildings for Danbury Fair, Deptford Mall, FlatIron Crossing, Green Acres Mall, Kierland Commons, Kings Plaza, Queens Center, Scottsdale Fashion Square, Twenty Ninth Street and Tysons Corner Center. Earlier this year, Macerich’s The Oaks merited distinction as the country’s first BREEAM USA In-use certified building.

“Our top properties and top markets, from Santa Monica and Walnut Creek, California, to Portland, Boulder and Northern Virginia, include some of the most forward-thinking and environmentally attuned consumers in the world,” added Coppola. “Leading the retail real estate industry in the critically important area of sustainability is a natural position for Macerich.”

For more information on Macerich’s comprehensive sustainability efforts and impacts, please view the 2016 Sustainability Report.

About Macerich

Macerich, an S&P 500 company, is a fully integrated self-managed and self-administered real estate investment trust, which focuses on the acquisition, leasing, management, development and redevelopment of regional malls throughout the United States.

Macerich currently owns 54 million square feet of real estate consisting primarily of interests in 48 regional shopping centers. Macerich specializes in successful retail properties in many of the country’s most attractive, densely populated markets with significant presence in the Pacific Rim, Arizona, Chicago and the Metro New York to Washington, DC corridor. Additional information about Macerich can be obtained from the Company’s website at www.macerich.com.

Contact:

Karen Maurer
Macerich
602-708-6311
Website: http://www.macerich.com

SOURCE: Macerich Company

Macerich to release third quarter 2017 earnings results on Monday, October 30, 2017

SANTA MONICA, Calif., 2017-Oct-04 — /EPR Retail News/ —

WHAT: Macerich (NYSE: MAC) Schedules Third Quarter 2017 Earnings Release

WHEN: Earnings Results will be released after market close on Monday, October 30, 2017.  Management will hold a conference call at 11:00 am Pacific Time (2:00 pm Eastern Time) on Tuesday, October 31, 2017 to discuss quarterly results.

WHERE: Interested parties can listen to a live webcast of the call on the Macerich website at www.macerich.com (Investing Section).

Dial-In Number: Toll-Free 1-888-395-3186 or International 1-719-325-2111
Conference ID # 9882992

WHO: Arthur Coppola, Chairman and CEO, Thomas O’Hern, Senior Executive Vice President and CFO, and Robert Perlmutter, Senior Executive Vice President and COO will host the call.

REBROADCAST: A replay of the webcast will be available for 90 days following the live webcast in the Investing Section of the Company’s website at www.macerich.com. In addition, an audio replay of the earnings conference call will be available by telephone beginning at 5:00 pm Eastern Time on October 31, 2017 and will be available until November 14, 2017 at 11:59 pm Eastern Time at toll free 1-844-512-2921, PIN 9882992 or International (toll) 1-412-317-6671.

ABOUT MACERICH: Macerich, an S&P 500 company, is a fully integrated self-managed and self-administered real estate investment trust, which focuses on the acquisition, leasing, management, development and redevelopment of regional malls throughout the United States.

Macerich currently owns 54 million square feet of real estate consisting primarily of interests in 48 regional shopping centers. Macerich specializes in successful retail properties in many of the country’s most attractive, densely populated markets with significant presence in the Pacific Rim, Arizona, Chicago and the Metro New York to Washington, DC corridor. Additional information about Macerich can be obtained from the Company’s website at www.macerich.com.

SOURCE Macerich

Jean Wood, Vice President – Investor Relations 424-229-3366 OR John Perry, Senior Vice President – Investor Relations 424-229-3345 OR Thomas O’Hern, Senior Executive Vice President and Chief Financial Officer 310-394-6000

Macerich Schedules Second Quarter 2017 Earnings Release on Wednesday, August 2, 2017

SANTA MONICA, 2017-Jul-08 — /EPR Retail News/ —

WHAT: Macerich (NYSE: MAC) Schedules Second Quarter 2017 Earnings Release

WHEN: Earnings Results will be released after market close on Wednesday, August 2, 2017.  Management will hold a conference call at 9:00 am Pacific Time (12:00 pm Eastern Time) on Thursday, August 3, 2017 to discuss quarterly results.

WHERE: Interested parties can listen to a live webcast of the call on the Macerich website at www.macerich.com (Investing Section).

Dial-In Number: Toll-Free 1-877-795-3599 or International 1-719-325-4839,
Conference ID # 5410258

WHO: Arthur Coppola, Chairman and CEO, Thomas O’Hern, Senior Executive Vice President and CFO, and Robert Perlmutter, Senior Executive Vice President and COO will host the call.

REBROADCAST: A replay of the webcast will be available for 90 days following the live webcast in the Investing Section of the Company’s website at www.macerich.com.
In addition, an audio replay of the earnings conference call will be available by telephone beginning at 3:00 pm Eastern Time on August 3, 2017 and will be available until August 17, 2017 at 11:59 pm Eastern Time at toll free 1-844-512-2921, PIN 5410258 or International (toll) 1-412-317-6671.

ABOUT MACERICH: 
Macerich, an S&P 500 company, is a fully integrated self-managed and self-administered real estate investment trust, which focuses on the acquisition, leasing, management, development and redevelopment of regional malls throughout the United States.

Macerich currently owns 54 million square feet of real estate consisting primarily of interests in 48 regional shopping centers. Macerich specializes in successful retail properties in many of the country’s most attractive, densely populated markets with significant presence in the Pacific Rim, Arizona, Chicago and the Metro New York to Washington, DC corridor. Additional information about Macerich can be obtained from the Company’s website at www.macerich.com.

Contact:

Jean Wood
Vice President
Investor Relations
424-229-3366

John Perry
Senior Vice President
Investor Relations
424-229-3345

Thomas O’Hern
Senior Executive Vice President and Chief Financial Officer
310-394-6000

SOURCE: Macerich

Macerich® Chairman and CEO Art Coppola to present at REITWeek 2017: NAREIT’s Investor Forum®

SANTA MONICA, Calif., 2017-Jun-02 — /EPR Retail News/ — Macerich® (NYSE: MAC), today ( June 1, 2017) announced that Art Coppola, Chairman and Chief Executive Officer will present at  REITWeek 2017: NAREIT’s Investor Forum® in New York, New York.

The Company’s presentation is scheduled for 2:45 pm to 3:15 pm Eastern Time, on Wednesday, June 7, 2017. The live audio-only webcast will be available online in the Investing Section of the Company’s website at www.macerich.com.  An online replay will be available through 11:59 pm Pacific Time, July 22, 2017 at the same location.

Macerich, an S&P 500 company, is a fully integrated self-managed and self-administered real estate investment trust, which focuses on the acquisition, leasing, management, development and redevelopment of regional malls throughout the United States.

Macerich currently owns 54 million square feet of real estate consisting primarily of interests in 48 regional shopping centers. Macerich specializes in successful retail properties in many of the country’s most attractive, densely populated markets with significant presence in the Pacific Rim, Arizona, Chicago and the Metro New York to Washington, DC corridor. Additional information about Macerich can be obtained from the Company’s website at www.macerich.com.

Contact:

John Perry
Senior Vice President-Investor Relations
424-229-3345

Jean Wood
Vice President-Investor Relations
424-229-3366

SOURCE: The Macerich Company

Macerich announces The Oaks as U.S.’s first BREEAM USA In-Use certified building

  • Macerich And BREEAM USA Announce The Oaks Shopping Center As First U.S. Property To Earn Prestigious Green Building Standard
  • New U.S. Green Building Standard, ‘BREEAM USA In-Use,’ Measures and Monitors Environmental Performance of Existing Buildings

SANTA MONICA, Calif., 2017-Mar-09 — /EPR Retail News/ — Macerich (NYSE: MAC), one of the nation’s leading owners, operators and developers of one-of-a-kind retail properties in top markets, and BRE America, the company that administers the BREEAM In-Use green building standard in the United States, today (March 8, 2017 ) announced The Oaks is the country’s first BREEAM USA In-Use certified building.

The new designation for The Oaks, located in Thousand Oaks, Calif., was highlighted at the annual BREEAM Awards ceremony in London yesterday.

The Building Research Establishment Environmental Assessment Methodology (BREEAM) rating system has a 25-year track record of driving efficiency improvements in new and existing buildings around the world. The BREEAM USA In-Use standard is designed to address the 5.6 million pre-existing non-residential structures in the U.S. that are not currently able to benchmark sustainability efforts using a scientifically-based green building certification.

“Macerich is a proven industry leader in sustainability, not only when it comes to new buildings, but also in terms of how we update, modernize and operate our well-placed established retail properties in top markets,” said Jeff Bedell, Vice President, Sustainability, Macerich. “Measuring existing projects against strong environmental standards, such as BREEAM, confirms our integrated sustainability efforts are delivering results at the highest levels.”

In partnership with Macerich, RealFoundations and building auditor Healthy Buildings implemented the BREEAM In-Use standard at The Oaks. Looking ahead, Macerich plans to work with Healthy Buildings to certify other properties in the portfolio.

Macerich chose to pilot the BREEAM In-Use program at The Oaks, the company’s high-performing, 1.3 million square-foot property anchored by Nordstrom, Macy’s, JC Penney, Muvico Theatres and DICK’s Sporting Goods. The Oaks, originally built in 1978 with renovations in 1993 and 2009, incorporates a wide range of environmental upgrades including:

  • 6,000 solar panels producing 1,652 kW of power
  • LED Lighting with control protocols to minimize energy consumption and lower carbon footprint without any impact on shopping experience
  • Upgraded HVAC system minimizes energy usage
  • More than 500 tons of mixed recycling every year
  • Integrated thermal controls in the common areas and mall offices regulated to save energy while providing a comfortable work environment

“With its clear dedication to sustainability in commercial real estate, it makes perfect sense that Macerich would have the first BREEAM USA In-Use certified building in the United States,” said BRE America CEO Barry Giles. “We look forward to bringing the BREEAM USA In-Use registration and certification to properties across the country, because any building, no matter the size, age or performance level, benefits greatly from measuring and monitoring its environmental performance.”

The BREEAM registration is the latest sustainability achievement for Macerich, which in 2016 was named Retail “Leader in the Light” by the National Association of Real Estate Investment Trusts (NAREIT) for an unprecedented third year in a row. Also in 2016, for the second straight year, Macerich earned a place on CDP’s annual Climate A List. This ranking puts the company in the top 4% of 3,800 global companies that participate in CDP. As well, Macerich in 2016 earned the #1 ranking in the North American Retail Sector, based on scores published by Global Real Estate Sustainability Benchmark (GRESB) – the same top rank also earned in 2015.

About BRE America & BREEAM USA

BREEAM USA is a partnership between BRE Group, the world’s leading authority on all aspects of the built environment, and BuildingWise, the award-winning U.S.-based LEED® certification consultancy, established to provide a sustainability certification and improvement solution to the 5.6 million existing buildings in the United States not covered by existing green building programs. For more information, please visit www.breeamusa.com

About Macerich

Macerich, an S&P 500 company, is a fully integrated self-managed and self-administered real estate investment trust, which focuses on the acquisition, leasing, management, development and redevelopment of regional malls throughout the United States.

Macerich currently owns 54 million square feet of real estate consisting primarily of interests in 48 regional shopping centers. Macerich specializes in successful retail properties in many of the country’s most attractive, densely populated markets with significant presence in the Pacific Rim, Arizona, Chicago and the Metro New York to Washington, D.C. corridor. Additional information about Macerich can be obtained from the Company’s website: www.macerich.com

Contact:

Karen Maurer
Macerich
602-708-6311
karen.maurer@macerich.com

Barbara Wichmann
ARTÉMIA Communications for BRE America
415-351-2227
b.wichmann@artemia.com

SOURCE: Macerich

Macerich announces sale of Cascade Mall in Burlington, WA and Northgate Mall in San Rafael, CA to Merlone Geier Partners

SANTA MONICA, Calif., 2017-Jan-23 — /EPR Retail News/ — The Macerich Company (NYSE Symbol: MAC) today (Jan. 19, 2017) announced the sale of Cascade Mall in Burlington, WA and Northgate Mall in San Rafael, CA to Merlone Geier Partners for $170 million.  This transaction resulted in net proceeds to Macerich of approximately $100 million after the repayment of a floating-rate note on Northgate.

As of September 30, 2016, Cascade and Northgate generated sales per square foot of $319 and $421, respectively, and had occupancy rates of 86.5% and 94.9%, respectively.  These figures compare to Macerich portfolio averages of $626 per square foot in sales and 95.3% occupancy at 9/30/16.

These latest dispositions are consistent with Macerich’s strategy of recycling capital out of non-core assets and into its development pipeline.  It is anticipated that dilution from the sales will have the impact of reducing 2017 Funds from Operations by approximately $0.06 per share.

Macerich, an S&P 500 company, is a fully integrated self-managed and self-administered real estate investment trust, which focuses on the acquisition, leasing, management, development and redevelopment of regional malls throughout the United States.

Macerich currently owns 54 million square feet of real estate consisting primarily of interests in 48 regional shopping centers. Macerich specializes in successful retail properties in many of the country’s most attractive, densely populated markets with significant presence in the Pacific Rim, Arizona, Chicago, and the New York Metro area to Washington DC corridor. Additional information about Macerich can be obtained from the Company’s website at www.macerich.com.

Merlone Geier Partners is a private real estate investment company focused on the acquisition, development and redevelopment of retail and retail-driven mixed-use properties on the West Coast. The firm has been actively investing in West Coast retail property since 1993, acquiring to date 144 properties representing over 24.5 million square feet. Raising more than $4.3 billion of discretionary institutional equity capital during that period, the firm recently raised its twelfth fund, with committed equity capital of $1.14 billion. Additional information about Merlone Geier Partners can be obtained from the Company’s website at www.merlonegeier.com.

Contact:

Thomas E. O’Hern, Sr.
Executive Vice President
Chief Financial Officer and Treasurer
310-394-6000

SOURCE: Macerich Company

Macerich to announces 4Q 2016 Earnings Release on February 6, 2017

SANTA MONICA, Calif., 2016-Dec-20 — /EPR Retail News/ —

WHAT: Macerich (NYSE: MAC) Schedules Fourth Quarter 2016 Earnings Release

WHEN: Earnings Results will be released after market close on Monday, February 6, 2017.  Management will hold a conference call at 11:00 am Pacific Time (2:00 pm Eastern Time) on Tuesday, February 7, 2017 to discuss quarterly results.

WHERE: Interested parties can listen to a live webcast of the call on the Macerich website at www.macerich.com (Investing Section).

WHO: Arthur Coppola, Chairman and CEO, and Thomas O’Hern, Senior Executive Vice President and Chief Financial Officer, will host the call.

REBROADCAST: A replay of the webcast will be available for one year following the live webcast in the Investing Section of the Company’s website at www.macerich.com.  In addition, an audio replay of the earnings conference call will be available by telephone beginning at 5:00 pm Eastern Time on February 7, 2017 and will be available until February 21, 2017 at 11:59 pm Eastern Time at toll free 1-844-512-2921, PIN 2684267 or International (toll) 1-412-317-6671.

ABOUT MACERICH: Macerich, an S&P 500 company, is a fully integrated self-managed and self-administered real estate investment trust, which focuses on the acquisition, leasing, management, development and redevelopment of regional malls throughout the United States.

Macerich currently owns 56 million square feet of real estate consisting primarily of interests in 50 regional shopping centers. Macerich specializes in successful retail properties in many of the country’s most attractive, densely populated markets with significant presence in the Pacific Rim, Arizona, Chicago and the Metro New York to Washington, DC corridor. Additional information about Macerich can be obtained from the Company’s website at www.macerich.com.

Contact:
Jean Wood
Vice President
Investor Relations
424-229-3366

John Perry
Senior Vice President
Investor Relations
424-229-3345

Thomas O’Hern
Senior Executive Vice President and Chief Financial Officer
310-394-6000

SOURCE: Macerich

Macerich named 2016 Retail “Leader in the Light” by the NAREIT for the third consecutive year

SANTA MONICA, Calif., 2016-Nov-17 — /EPR Retail News/ — Macerich (NYSE: MAC) today announced it has been named 2016 Retail “Leader in the Light” by the National Association of Real Estate Investment Trusts (NAREIT) for a the third year in a row, an unprecedented achievement that further reinforces the company’s industry leadership in sustainability.

For the second straight year, Macerich also earned a place on CDP’s annual (2016) Climate A List, which comprises those companies identified as A grade for their actions to mitigate climate change. This ranking puts the company in the top 4% of 3,800 global companies that participate in CDP. CDP is an international not-for-profit organization formerly known as the Carbon Disclosure Project.

“Macerich has a deep commitment to sustainability and a powerful track record for responsible environmental stewardship,” said Eric Salo, Executive Vice President and Chief Strategy Officer, Macerich. “These prestigious awards underscore our continued focus on minimizing our carbon footprint while maximizing operational efficiencies and conserving natural resources. We are very proud to lead the industry with our multi-dimensional approach to sustainability.”

Other major environmental accolades earned by Macerich this year include the #1 ranking in the North American Retail Sector for 2016, based on scores published by Global Real Estate Sustainability Benchmark (GRESB) – the same top rank also earned in 2015. As well, Macerich in both 2015 and 2016 made the Environmental Protection Agency’s Green Power Partnership list of Top 30 On-Site Generation companies.

Key results of Macerich’s successful and comprehensive focus on sustainability include 205 million kWhs of electricity reduced since 2008; 350,730 metric tons reduced in greenhouse gas emissions over the past six years; 17,000 tons of waste recycled in 2015; 98.3 million gallons of water saved in 2015; and over 14,500 metric tons of CO2e saved per year by retrofitting lighting in parking lots and structures with LED lighting.

For more information on Macerich’s sustainability efforts and impacts, please view the 2015 Sustainability Report.

About Macerich

Macerich, an S&P 500 company, is a fully integrated self-managed and self-administered real estate investment trust, which focuses on the acquisition, leasing, management, development and redevelopment of regional malls throughout the United States.

Macerich currently owns 56 million square feet of real estate consisting primarily of interests in 50 regional shopping centers. Macerich specializes in successful retail properties in many of the country’s most attractive, densely populated markets with significant presence in the Pacific Rim, Arizona, Chicago and the Metro New York to Washington, D.C. corridor. Additional information about Macerich can be obtained from the Company’s website: www.macerich.com

Contact:
Karen Maurer
Macerich
602-708-6311
Website: http://www.macerich.com

SOURCE: Macerich

Macerich announces partnership with POPSUGAR to deliver custom content for its on-mall, online and social platforms

SANTA MONICA, Calif., 2016-Nov-08 — /EPR Retail News/ — Macerich (NYSE: MAC), one of the nation’s leading owners, operators and developers of one-of-a-kind retail properties in top markets, today ( Nov. 3, 2016) announced a partnership with POPSUGAR to provide custom content for the portfolio’s on-mall, online and social platforms.  POPSUGAR, which reaches 1 in 3 millennial women, is a leader in lifestyle content in multi-platforms across entertainment, fashion, beauty, fitness, food and parenting. The partnership with Macerich will encompass custom videos, imagery and social posts, with opportunities for a broad array of brand experiences, in-mall appearances and other tailored, high-profile collaborations.

“POPSUGAR’s spot-on connection with young women is a unique lever for heightening the experience with our malls for this important set of shoppers,” said Ken Volk, Senior Vice President and Chief Marketing Officer, Macerich. “This brand’s captivating, on-trend lifestyle content supports nearly every retail category at our high-performing properties and we see powerful synergies as we continue focusing on our malls’ relationships with targeted consumers.”

Across its media business, POPSUGAR has built successful collaborations with premium retailers, including a number of brands that feature prominently within the Macerich portfolio. “Macerich’s high-quality malls in top markets are shopping destinations for our huge audience of young women,” said Geoff Schiller, CRO of POPSUGAR. “We know how to reach Macerich’s consumers and how to communicate with them. As the brick and mortar retail experience continues to evolve, POPSUGAR’s inspiring, informative and entertaining content, plus our proprietary data technology, creates the perfect platform to aid Macerich properties in making their malls the most innovative and engaging experiences for consumers.”

With POPSUGAR’s approachable, fun and positive outlook, the rich, multi-platform content created for Macerich will be nimble and will respond to seasonality, as well as to what’s trending. The first POPSUGAR content will hit Macerich media platforms mid-November.

About POPSUGAR Inc.

POPSUGAR Inc. is a global media and technology company that is parent to lifestyle media publisher POPSUGAR, digital shopping platform ShopStyle, and monthly subscription box POPSUGAR Must Have. Together, the brands attract more than 100 million visitors worldwide and 2.5 billion monthly content views, with each brand being a leader in its space. POPSUGAR is the #1 lifestyle brand for young women, delivering inspiring, informative, and entertaining content in multi-platforms across entertainment, fashion, beauty, fitness, food, and parenting. POPSUGAR Studios, the video production arm of POPSUGAR, Inc., is the leading producer of online video lifestyle content, with more than 250 million monthly views of its original series.

POPSUGAR Inc. operates internationally in Australia, Canada, France, Germany, Japan, China, the Middle East, and the UK, with offices in San Francisco, New York, Los Angeles, Chicago, and London. The company is privately held and funded by Sequoia Capital and IVP. For more information about POPSUGAR Inc., visit corp.popsugar.com.

About Macerich

Macerich, an S&P 500 company, is a fully integrated self-managed and self-administered real estate investment trust, which focuses on the acquisition, leasing, management, development and redevelopment of regional malls throughout the United States.

Macerich currently owns 56 million square feet of real estate consisting primarily of interests in 50 regional shopping centers. Macerich specializes in successful retail properties in many of the country’s most attractive, densely populated markets with significant presence in the Pacific Rim, Arizona, Chicago and the Metro New York to Washington, D.C. corridor. Additional information about Macerich can be obtained from the Company’s website: www.macerich.com

Contact:

Karen Maurer
Macerich
602-708-6311
karen.maurer@macerich.com

Stephanie Tuck
POPSUGAR
917 968 9886
Stephanie@popsugar.com

SOURCE: Macerich

Macerich declared 4.4% increase in its quarterly cash dividend to $.71 per share of common stock

SANTA MONICA, Calif., 2016-Oct-23 — /EPR Retail News/ — The Board of Directors of The Macerich Company (NYSE: MAC) declared a 4.4% increase in its quarterly cash dividend to $.71 per share of common stock.  The dividend is payable on December 2, 2016 to stockholders of record at the close of business on November 11, 2016.

Macerich, an S&P 500 company, is a fully integrated self-managed and self-administered real estate investment trust, which focuses on the acquisition, leasing, management, development and redevelopment of regional malls throughout the United States.

Macerich currently owns 56 million square feet of real estate consisting primarily of interests in 50 regional shopping centers. Macerich specializes in successful retail properties in many of the country’s most attractive, densely populated markets with significant presence in the Pacific Rim, Arizona,Chicago and the Metro New York to Washington, DC corridor. Additional information about Macerich can be obtained from the Company’s website at www.macerich.com.

Contact:

Thomas O’Hern
Senior Executive Vice President
Chief Financial Officer and Treasurer
(310) 394-6000

SOURCE: Macerich Company

Macerich to release 3Q 2016 earning results and conference call on October 28, 2016

SANTA MONICA, Calif., 2016-Sep-15 — /EPR Retail News/ —

WHAT: Macerich (NYSE: MAC) Schedules Third Quarter 2016 Earnings Release

WHEN: Earnings Results will be released after market close on Thursday, October 27, 2016.  Management will hold a conference call at 11:00 am Pacific Time (2:00 pm Eastern Time) on Friday, October 28, 2016 to discuss quarterly results.

WHERE: Interested parties can listen to a live webcast of the call on the Macerich website at www.macerich.com (Investing Section).

WHO: Arthur Coppola, Chairman and CEO, and Thomas O’Hern, Senior Executive Vice President and Chief Financial Officer, will host the call.

REBROADCAST: A replay of the webcast will be available for one year following the live webcast in the Investing Section of the Company’s website at www.macerich.com.

In addition, an audio replay of the earnings conference call will be available by telephone beginning at 5:00 pm Eastern Time on October 28, 2016 and will be available until November 11, 2016 at 11:59 pm Eastern Time at toll free 1-877-870-5176, PIN 7700937 or International (toll) 1-858-384-5517.

ABOUT MACERICH: Macerich, an S&P 500 company, is a fully integrated self-managed and self-administered real estate investment trust, which focuses on the acquisition, leasing, management, development and redevelopment of regional malls throughout the United States.

Macerich currently owns 55 million square feet of real estate consisting primarily of interests in 50 regional shopping centers. Macerich specializes in successful retail properties in many of the country’s most attractive, densely populated markets with significant presence in the Pacific Rim, Arizona,Chicago and the Metro New York to Washington, DC corridor. Additional information about Macerich can be obtained from the Company’s website at www.macerich.com.

Contact:

Jean Wood
Vice President
Investor Relations
424-229-3366

John Perry
Senior Vice President
Investor Relations
424-229-3345

Thomas O’Hern
Senior Executive Vice President and Chief Financial Officer
310-394-6000

SOURCE: Macerich

Macerich celebrates the opening of the expansion and major redevelopment of Broadway Plaza in Walnut Creek, California

SANTA MONICA, Calif., 2016-Sep-02 — /EPR Retail News/ — Macerich (NYSE: MAC), one of the nation’s leading owners, operators and developers of one-of-a-kind retail properties in top markets, today (Sept. 1, 2016) celebrates the official opening of the expansion and major redevelopment of Broadway Plaza in Walnut Creek, Calif.

The iconic open-air retail center, anchored by Nordstrom, Neiman Marcus and Macy’s, will unveil additions that more than double mall shop space, adding 50+ new stores. In all, total GLA for Broadway Plaza, the foremost retail destination for the East Bay market of San Francisco since 1951, is now more than 900,000 square feet. The expansion is over 90% leased.

A community-wide celebration set for later today will include an official ribbon-cutting, remarks by Macerich Executive Vice President Randy Brant and Walnut Creek Mayor Loella Haskew, plus a musical performance by Pop Rocks featuring Mark McGrath of Sugar Ray, a spectacular fireworks display and more.

“Macerich excels at adding significant value to our well-positioned fortress properties through redevelopment, and Broadway Plaza is a prime example of our proven approach,” said Brant.  “At Broadway Plaza, we have expanded this unique street-retail setting to meet extensive retailer demand to be part of our high-performing property, while also enhancing the amenities, pedestrian appeal and pleasing scale of this irreplaceable downtown retail asset.”

“After a successful partnership of over 30 years with Macerich, Northwestern Mutual is delighted to be part of this grand opening celebration. We are excited about the future of Broadway Plaza as the redevelopment will deliver many new and exciting shopping experiences to the community of Walnut Creek,” said Rich Dooley, a director in Northwestern Mutual Real Estate’s San Francisco field office.

Dooley added: “This project would not have been possible without the hard work and cooperation of many parties. We would particularly like to thank the citizens of Walnut Creek who put up with our construction dust, the City Government of Walnut Creek, our many retail partners and our partner Macerich. We look forward to another successful 30 years!”

More than 50 New Stores

New stores already open or opening in the enhanced center by Holiday 2016 include Aldo, Allen Edmonds, Apex, Arhaus, Aritzia, Athleta, Aveda, Bath & Body Works, Boudin Bakery, Clarks, Cocola Bakery, ECCO, Eileen Fisher, Everything But Water, Gap, Godiva, Hanna Andersson, H&M, ivivva, J. Crew, J.Jill, Kiehl’s, Kit & Ace, L’Occitane, Lou & Grey, Lucky Brand Jeans, lululemon athletica, LUSH, Madewell, Michael Kors, Nespresso, NYX Professional Makeup, Oceane, Pandora, Papyrus, See’s Candies, Solstice, Soma, SoulCycle, Starbucks, Teavana, Tesla, The Walking Company, True Food Kitchen, True Religion Brand Jeans, Vince Camuto, Victoria’s Secret, Wetzel’s Pretzels, White House/Black Market and Zara.

Additionally, Broadway Plaza anchor Macy’s also underwent its own 57,000 square-foot expansion, with the redesigned 247,000 square-foot store debuting last November.

Broadway Plaza’s expanded retail roster complements the property’s existing list of top retail names such as Banana Republic, Coach, Crate & Barrel,Kate Spade, Michael Stars, Sephora, Sur La Table and others.

“We love being a part of Broadway Plaza and having the opportunity to take care of our customers in this new inviting environment that is built around serving this community,” said Debbie Dimich, Store Manager, Nordstrom at Broadway Plaza.

Redevelopment Details

In addition to 50+ new retailers, this major transformation of Broadway Plaza that launched in 2014 includes adding multi-level new parking structures, expanded walkways, new seating areas, art installations and a central plaza for events and brand activations. Key to the project was demolishing and replacing two older, inefficient parking structures and about 80,000 square feet of existing small shop retail space and the 70,000 square-foot former Macy’s Men’s store – all to make room for more GLA and modern store designs, including new two-level flagship locations for first-to-market Arhaus, as well as Gap, H&M and Zara.

In keeping with Macerich’s industry-leading sustainability efforts, the redevelopment of Broadway Plaza is targeting LEED® Gold certification. Key environmental attributes of the project include on-site solar with the potential to produce 1.3 million kWh of electricity annually; efficient LED lighting throughout the property; and native and drought-tolerant landscaping that will reduce water usage by up to 50 percent.

Favorite local experiences add to the redeveloped property’s overall appeal. “We are excited to be back in Walnut Creek and excited to be a part of the newly renovated Broadway Plaza,” said Danielle Merkins, General Manager, Boudin SF Walnut Creek.

About Northwestern Mutual

Northwestern Mutual Real Estate is one of the largest real estate investors in the nation, with investments in commercial mortgages and equity investments across all major property types, including apartments, office, retail and industrial. The $41+ billion real estate investment portfolio is composed of approximately 80 percent fixed income and 20 percent equity investments. Northwestern Mutual Real Estate is a financing source that provides experienced and knowledgeable people, quick and decisive action and flexible, creative solutions.

About Macerich

Macerich, an S&P 500 company, is a fully integrated self-managed and self-administered real estate investment trust, which focuses on the acquisition, leasing, management, development and redevelopment of regional malls throughout the United States.

Macerich currently owns 55 million square feet of real estate consisting primarily of interests in 50 regional shopping centers. Macerich specializes in successful retail properties in many of the country’s most attractive, densely populated markets with significant presence in the Pacific Rim, Arizona,Chicago and the Metro New York to Washington, D.C. corridor. Additional information about Macerich can be obtained from the Company’s website: www.macerich.com

Contact:
Karen Maurer
Macerich
602-708-6311
karen.maurer@macerich.com

Website: http://www.macerich.com

SOURCE: Macerich

Macerich to release Second Quarter 2016 Earnings on Monday, August 1, 2016

SANTA MONICA, Calif. 2016-Jul-02 — /EPR Retail News/ —

WHAT: Macerich (NYSE: MAC) Schedules Second Quarter 2016 Earnings Release

WHEN: Earnings Results will be released before market open on Monday, August 1, 2016.  Management will hold a conference call at 11:00 am Pacific Time (2:00 pm Eastern Time) on Monday, August 1, 2016 to discuss quarterly results.

WHERE: Interested parties can listen to a live webcast of the call on the Macerich website at www.macerich.com (Investing Section).

WHO: Arthur Coppola, Chairman and CEO, and Thomas O’Hern, Senior Executive Vice President and Chief Financial Officer, will host the call.

REBROADCAST: A replay of the webcast will be available for one year following the live webcast in the Investing Section of the Company’s website at www.macerich.com. In addition, an audio replay of the earnings conference call will be available by telephone beginning at 5:00 pm Eastern Time on August 1, 2016 and will be available until August 15, 2016 at 11:59 pm Eastern Time at toll free 1-877-870-5176, PIN 9754383 or International (toll) 1-858-384-5517.

ABOUT MACERICH:
Macerich, an S&P 500 company, is a fully integrated self-managed and self-administered real estate investment trust, which focuses on the acquisition, leasing, management, development and redevelopment of regional malls throughout the United States.

Macerich currently owns 55 million square feet of real estate consisting primarily of interests in 50 regional shopping centers. Macerich specializes in successful retail properties in many of the country’s most attractive, densely populated markets with significant presence in the Pacific Rim, Arizona,Chicago and the Metro New York to Washington, DC corridor. Additional information about Macerich can be obtained from the Company’s website at www.macerich.com.

Contact:

Jean Wood
Vice President – Investor Relations
424-229-3366

John Perry
Senior Vice President – Investor Relations
424-229-3345

Thomas O’Hern
Senior Executive Vice President and Chief Financial Officer
310-394-6000

SOURCE: Macerich

Macerich Schedules First Quarter 2016 Earnings Release on Tuesday, May 3, 2016

SANTA MONICA, Calif., 2016-Apr-02 — /EPR Retail News/ —

WHAT: Macerich (NYSE: MAC) Schedules First Quarter 2016 Earnings Release

WHEN: Earnings Results will be released after market close on Tuesday, May 3, 2016.  Management will hold a conference call at 10:30 am Pacific Time (1:30 pm Eastern Time) on Wednesday, May 4, 2016 to discuss quarterly results.

WHERE: Interested parties can listen to a live webcast of the call on the Macerich website at www.macerich.com (Investing Section).

WHO: Arthur Coppola, Chairman and CEO, and Thomas O’Hern, Senior Executive Vice President and Chief Financial Officer, will host the call.

REBROADCAST: A replay of the webcast will be available for one year following the live webcast in the Investing Section of the Company’s website at www.macerich.com. In addition, an audio replay of the earnings conference call will be available by telephone beginning at 4:30 pm Eastern Timeon May 4, 2016 and will be available until May 18, 2016 at 11:59 pm Eastern Time at toll free 1-877-870-5176, PIN 8724411 or International (toll) 1-858-384-5517.

ABOUT MACERICH: Macerich, an S&P 500 company, is a fully integrated self-managed and self-administered real estate investment trust, which focuses on the acquisition, leasing, management, development and redevelopment of regional malls throughout the United States.

Macerich currently owns 56 million square feet of real estate consisting primarily of interests in 51 regional shopping centers. Macerich specializes in successful retail properties in many of the country’s most attractive, densely populated markets with significant presence in the Pacific Rim, Arizona,Chicago and the Metro New York to Washington, DC corridor. Additional information about Macerich can be obtained from the Company’s website at www.macerich.com.

SOURCE Macerich Company

Jean Wood, Vice President – Investor Relations 424-229-3366, John Perry, Senior Vice President – Investor Relations 424-229-3345, Thomas O’Hern, Senior Executive Vice President and Chief Financial Officer 310-394-6000

Macerich management to present at Citi 2016 Global Property CEO Conference

SANTA MONICA, Calif., 2016-Mar-14 — /EPR Retail News/ — Macerich® (NYSE: MAC), today announced that Art Coppola, CEO and Chairman of the Board of Directors, Ed Coppola, President and Tom O’Hern, Senior Executive Vice President and Chief Financial Officer will participate in the Citi 2016 Global Property CEO Conference in Hollywood, Florida.

Macerich will participate in a roundtable discussion from approximately 3:35 p.m. to 4:10 p.m. Eastern Time, on Tuesday, March 15, 2016.  Interested parties can listen to a live audio only webcast of the discussion on the Macerich website at www.macerich.com (Investing Section).  To listen, please go to the website or link below, at least fifteen minutes prior to the start of the discussion in order to register.  An online replay of the webcast will be available one hour after the conclusion of the live event and will be available at this link below until March 29, 2016.

http://www.veracast.com/webcasts/citigroup/globalproperty2016/62212332325.cfm

Macerich has posted additional materials to the Investing Section of the Company’s website at www.macerich.com.

Macerich, an S&P 500 company, is a fully integrated self-managed and self-administered real estate investment trust, which focuses on the acquisition, leasing, management, development and redevelopment of regional malls throughout the United States.

Macerich currently owns 56 million square feet of real estate consisting primarily of interests in 51 regional shopping centers. Macerichspecializes in successful retail properties in many of the country’s most attractive, densely populated markets with significant presence in thePacific Rim, Arizona, Chicago and the Metro New York to Washington, DC corridor. Additional information about Macerich can be obtained from the Company’s website at www.macerich.com.

 

SOURCE Macerich

John Perry, Senior Vice President, Investor Relations (424-229-3345) or Jean Wood, Vice President, Investor Relations (424-229-3366)

Macerich opens new, 12-screen ArcLight Cinemas on the third level of the iconic Santa Monica Place

First New Movie Theater to Open in Santa Monica in More than 20 Years

SANTA MONICA, Calif., 2015-11-27 — /EPR Retail News/ — Macerich (NYSE: MAC) today announced the successful opening of a new, 12-screen ArcLight Cinemas on the third level of the iconic Santa Monica Place. This theater is the first new cinema complex to open anywhere in Santa Monica in more than 20 years.

ArcLight is the latest high-profile new name to join Macerich’s award-winning retail property in 2015: Other new retailers open this year at Santa Monica Place include Uniqlo, Sole Society, Karen Millen, Aesop, The Cheesecake Factory and Starbucks.

“This is a very exciting time for Santa Monica Place and for the City of Santa Monica as a whole,” said Randy Brant, Executive Vice President, Real Estate, Macerich. “The new state-of-the-art ArcLight Cinemas is going to be a tremendous draw for this film-loving community, which has waited a long time for a new, state-of-the-art complex. Next year is poised to deliver another game-changer for Santa Monica when the expanded Expo Rail Line opens just a couple blocks from our property, enabling people to travel from Downtown Los Angeles to Santa Monica in 46 minutes.” Ultimately projected ridership is expected to exceed 64,000 riders per day.

ArcLight Cinemas opened its premier movie-going experience at the upscale Santa Monica Place Nov. 21, offering high-end amenities including reserved seating, black-box auditorium, commercial-free movies, gourmet cuisine and more. Located steps away from the Pacific Ocean inDowntown Santa Monica, the unique, all-outdoor Santa Monica Place is home to Bloomingdale’s, Nordstrom, Louis Vuitton, Tiffany & Co.,Burberry, Emporio Armani, Tory Burch, DVF, Hugo Boss, Nike and dozens of other exciting specialty stores and an inspired collection of food and restaurant experiences.

“With bike share expo and ArcLight Cinemas, the downtown Santa Monica movie experience has been transformed,” said Mayor Kevin McKeown. “We are now the regional destination for movie goers.”

Santa Monica Place’s exceptional total trade area includes more than 1.4 million people, with average annual household incomes in the primary trade area of more than $104,000, and more than 15,000 highly affluent households with annual incomes greater than $500,000. More than 7.3 million annual visitors to Santa Monica and a robust daytime population of more than 132,000 round out the enviable demographics for this irreplaceable trophy property.

About Macerich
Macerich, an S&P 500 company, is a fully integrated self-managed and self-administered real estate investment trust, which focuses on the acquisition, leasing, management, development and redevelopment of regional malls throughout the United States.

Macerich currently owns 55 million square feet of real estate consisting primarily of interests in 50 regional shopping centers. Macerichspecializes in successful retail properties in many of the country’s most attractive, densely populated markets with significant presence in thePacific Rim, Arizona, Chicago and the Metro New York to Washington, D.C. corridor. Additional information about Macerich can be obtained from the Company’s website: www.macerich.com

SOURCE Macerich

Karen Maurer, Macerich, 602-708-6311, Website: http://www.macerich.com

Macerich: 45 retailers to join the redeveloped Broadway Plaza in Walnut Creek, Calif

First Retailers Set to Open Late 2015, along with Expanded Macy’s, at Market-dominant East Bay Property

SANTA MONICA, Calif., 2015-10-27 — /EPR Retail News/ — Macerich (NYSE: MAC) announced today 45 retailers set to join the expanded and completely redeveloped Broadway Plaza in Walnut Creek, Calif. The center, anchored by Nordstrom, Neiman Marcus and Macy’s, is undergoing a major renovation that will add 315,000 square feet of new space, plus new parking, new finishes and refreshed outdoor amenities. The iconic open-air center has been a dominant retail destination for the East Bay market of San Francisco since 1951.

“The major update and redesign of our trophy property at Broadway Plaza is another example of Macerich’s ability to successfully densify our fortress retail centers to meet retailers’ expansion needs, as well as offer our shoppers an enhanced and upgraded store selection,” said Art Coppola, Chairman and CEO, Macerich.

New stores opening in the expanded center include Allen Edmonds, Apex, Arhaus, Aritzia, Athleta, Aveda, Bath & Body Works, Boudin Bakery, Clarks, Cocola Bakery, ECCO, Eileen Fisher, Everything But Water, Gap, Hanna Andersson, H&M, ivivva, J. Crew, J.Jill, Kiehl’s, Kit & Ace, L’Occitane, Lou & Grey, Lucky Brand Jeans, lululemon athletica, LUSH, Madewell, Michael Kors, Nespresso, NYX, Pandora, Papyrus, See’s Candies, Soma, SoulCycle, Starbucks, Teavana, Tesla, The Walking Company, True Food Kitchen, True Religion Brand Jeans, Vince Camuto, Victoria’s Secret,White House/Black Market and Zara.

“We are very pleased with the response from the retailer community and are especially excited about the commitments from Arhaus, Gap, H&M and Zara to build two-level, flagship stores at Broadway Plaza,” said Robert Perlmutter, Executive Vice President, Leasing, Macerich. “The addition of the new specialty retailers and expansion of existing stores complement our current tenant base, which includes great brands such as Banana Republic, Coach, Crate & Barrel, Kate Spade, Michael Stars, Sephora and Sur La Table. We are building an extraordinary retail roster for this exceptional property.”

Broadway Plaza anchor Macy’s is also undergoing its own 57,000 square-foot expansion, and the redesigned 247,000 square-foot store will be complete this November. The expanded and redesigned store will incorporate a new men’s department, which moves from a separate location at Broadway Plaza.  The larger store will also debut with its renovation a new handbag floor; a new cosmetics department; new fine jewelry and fashion jewelry departments; new fine watch and fashion watch departments; new restrooms and more.

About the Expansion
Macerich is transforming Broadway Plaza in line with the appealing scale of downtown Walnut Creek by demolishing and replacing about 80,000 square feet of existing retail space as well as two older, inefficient parking structures. The new parking structure will offer four levels of parking on the Macy’s side.

Broadway Plaza will start to unveil the first set of retailers and significant enhancements at the property just in time for the 2015 holiday season, with the opening of two new retail buildings as well as a portion of the South Broadway Parking Garage on the Macy’s side.

Opening 2015

 

Opening 2016
Allen Edmonds Arhaus
Apex Aritzia
Athleta Bath & Body Works
Aveda Boudin Bakery
ECCO Clarks
Eileen Fisher Cocola Bakery
ivviva Everything But Water
J. Crew GAP
Kiehl’s Hanna Andersson
Kit & Ace H&M
L’Occitane J. Jill
Lou & Grey Lucky Brand Jeans
lululemon Papyrus
LUSH See’s Candies
Madewell Soma
Michael Kors SoulCycle
Nespresso Starbucks
NYX Teavana
Pandora True Food Kitchen
Tesla True Religion Brand Jeans
The Walking Company Victoria’s Secret
Vince Camuto White House/Black Market
Zara

The convenience and experience of guests remains a high priority at Broadway Plaza throughout the property’s transformation. Complimentary Valet Parking is available seven days a week, and Roving Ambassadors and Text Concierge programs enable guests to enjoy a top-quality shopping experience throughout the construction process. For more information about the Broadway Plaza Redevelopment project, visit www.BroadwayPlaza.com/Redevelopment.

About Macerich
Macerich, an S&P 500 company, is a fully integrated self-managed and self-administered real estate investment trust, which focuses on the acquisition, leasing, management, development and redevelopment of regional malls throughout the United States.

Macerich currently owns 55 million square feet of real estate consisting primarily of interests in 51 regional shopping centers. Macerichspecializes in successful retail properties in many of the country’s most attractive, densely populated markets with significant presence in theCalifornia, Arizona, Chicago and the Metro New York to Washington, D.C. corridor. Additional information about Macerich can be obtained from the Company’s website: www.macerich.com

SOURCE Macerich

Karen Maurer, Macerich, 602-708-6311

Macerich Live Webcast On October 1, 2015

SANTA MONICA, Calif., 2015-10-1 — /EPR Retail News/ — Macerich® (NYSE: MAC) invites investors and the general public to a live webcast of management Q & A following the Macerich Investor tour of Tysons Corner Center and mixed-use development on Thursday, October 1, 2015.

The live audio-only webcast will be available from approximately 11:00 am to noon Eastern Time in the Investing Section of the Company’s website at www.macerich.com.  An online replay will be available at the same location for six months after the event.

Alternatively, investors may dial into the webcast in listen only mode.  Please dial toll free 877-730-9524, or International 530-379-4678, conference code 513503337.

The Company will post an investor presentation to the Investing Section of the Company’s website at www.macerich.com.  The presentation will be accessible at 11:00 am Eastern time Thursday, October 1, 2015 and will be archived for at least 90 days.

ABOUT MACERICH: Macerich, an S&P 500 company, is a fully integrated self-managed and self-administered real estate investment trust, which focuses on the acquisition, leasing, management, development and redevelopment of regional malls throughout the United States.

Macerich currently owns 55 million square feet of real estate consisting primarily of interests in 51 regional shopping centers. Macerichspecializes in successful retail properties in many of the country’s most attractive, densely populated markets with significant presence in thePacific Rim, Arizona, Chicago and the Metro New York to Washington, DC corridor. Additional information about Macerich can be obtained from the Company’s website at www.macerich.com.

SOURCE Macerich

Thomas O’Hern, Senior Executive Vice President and Chief Financial Officer, 310-394-6000; John Perry, Senior Vice President-Investor Relations, 424-229-3345; Jean Wood, Vice President-Investor Relations, 424-229-3366

Macerich to form joint ventures to which Macerich will contribute interests in 8 assets with expected $2.3b cash proceeds to Macerich

SANTA MONICA, Calif., 2015-10-1 — /EPR Retail News/ — The Macerich Company (NYSE Symbol: MAC) today announced it has reached agreement to form joint ventures to which Macerich will contribute interests in eight assets with expected cash proceeds to Macerich totaling $2.3 billion. GIC will have a 40% interest in five assets and Heitman will have a 49% interest in three assets. The transactions are subject to usual and customary closing conditions and are expected to close in phases starting in October 2015 and concluding in the first quarter of 2016. The joint venture assets are:

Property Location 6/30/2015 Sales PSF 6/30/2015 Occupancy Partner % Interest
Arrowhead Towne Center Glendale, AZ $710 96.5% 40.0%
Deptford Mall Deptford, NJ $595 93.6% 49.0%
FlatIron Crossing Broomfield, CO $545 92.5% 49.0%
Lakewood Center Lakewood, CA $456 96.6% 40.0%
Los Cerritos Center Cerritos, CA $764 98.5% 40.0%
South Plains Mall Lubbock, TX $460 93.2% 40.0%
Twenty Ninth Street Boulder, CO $620 99.3% 49.0%
$584 95.7%
Washington Square Portland, OR $1,118 97.7% 40.0%
Total $653 96.0%

Concurrent with or prior to the joint venture closings, the Company is planning to put financing on South Plains Mall and Twenty Ninth Streetcenter and will refinance the debt on Washington Square, Los Cerritos Center and Arrowhead Towne Center. Included in the total cash proceeds, mentioned above, is Macerich’s share of the excess financing proceeds which is estimated to be $1.14 billion.

Use of the proceeds is expected to include share repurchases under the Company’s just announced $1.2 billion share repurchase program, a pay down of the line of credit debt balance and for a special dividend in the range of $3.50 to $4.50 per share.

Arthur Coppola chairman and chief executive officer of Macerich stated, “We are pleased to have entered into these transactions with two very well-regarded investment partners on this cross-section of assets from the Macerich portfolio. The expansion of our long-standing relationship with leading real estate investment management specialist Heitman and the beginning of a new one with GIC, one of the world’s premier global investment funds, validates the strength of the Macerich operating platform and demonstrates the demand for high-quality regional mall assets, while also providing the Company with significant capital to create additional shareholder value. These transactions highlight the significant differential between the private and public markets valuation of our assets. Liquidity from these transactions will be used to bridge that gap.”

Lee Kok Sun, Regional Head for Americas, GIC Real Estate, said, “We expect these high-quality assets to continue generating steady income streams and are confident of their growth moving forward. As a long-term value investor, we look forward to partnering with Macerich, one of the premier owners and operators of shopping centres in the US, as they share our core investment belief of being long-term.”

Maury R. Tognarelli, Chief Executive Officer of Heitman stated, “We are pleased to expand our relationship with Macerich, one of North America’s preeminent owners of shopping centers and a trusted partner we have been working alongside to successfully accomplish our mutual objectives for over twenty-five years.”

Macerich, an S&P 500 company, is a fully integrated self-managed and self-administered real estate investment trust, which focuses on the acquisition, leasing, management, development and redevelopment of regional malls throughout the United States.

Macerich currently owns 55 million square feet of real estate consisting primarily of interests in 51 regional shopping centers. Macerichspecializes in successful retail properties in many of the country’s most attractive, densely populated markets with significant presence in thePacific Rim, Arizona, Chicago, and the New York Metro area to Washington DC corridor. Additional information about Macerich can be obtained from the Company’s website at www.macerich.com.

GIC is a leading global investment firm with well over US$100 billion in assets under management. Established in 1981, the firm managesSingapore’s foreign reserves and is uniquely positioned for long-term and flexible investments across a wide range of asset classes, including real estate, private equity, equities and fixed income. GIC has investments in over 40 countries and has been investing in emerging markets for more than two decades. Headquartered in Singapore, GIC employs over 1,200 people across 10 offices in key financial cities worldwide. For more information on GIC, please visit www.gic.com.sg.

Founded in 1966, Heitman LLC is a global real estate investment management firm with over $34.5 billion in assets. Heitman invests in commercial real estate directly or in publicly traded real estate securities. Heitman serves a global client base with clients from North American, European, Middle Eastern, and Asia-Pacific institutions, pension plans, foundations and corporations, and individual investors. Headquartered inChicago, with offices in Los Angeles, London, Luxembourg, Dusseldorf, Munich, Warsaw, Hong Kong, Tokyo, and Melbourne.  Additional information about Heitman can be obtained from their website at www.heitman.com.

Eastdil Secured/Wells Fargo acted as exclusive advisor to Macerich in arranging these transactions.

Note: This release contains statements that constitute forward-looking statements which can be identified by the use of words, such as  “expects,” “anticipates,” “assumes,” “projects,” “estimated” and “scheduled” and similar expressions that do not relate to historical matters. Stockholders are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks, uncertainties and other factors that may cause actual results, performance or achievements of the Company to vary materially from those anticipated, expected or projected.  Such factors include, among others, general industry, as well as national, regional and local economic and business conditions, which will, among other things, affect demand for retail space or retail goods, availability and creditworthiness of current and prospective tenants, anchor or tenant bankruptcies, closures, mergers or consolidations, lease rates, terms and payments, interest rate fluctuations, availability, terms and cost of financing and operating expenses; adverse changes in the real estate markets including, among other things, competition from other companies, retail formats and technology, risks of real estate development and redevelopment, acquisitions and dispositions; the liquidity of real estate investments, governmental actions and initiatives (including legislative and regulatory changes); environmental and safety requirements; and terrorist activities or other acts of violence which could adversely affect all of the above factors.  The reader is directed to the Company’s various filings with the Securities and Exchange Commission, including the Annual Report on Form 10-K for the year ended December 31, 2014, for a discussion of such risks and uncertainties, which discussion is incorporated herein by reference. The Company does not intend, and undertakes no obligation, to update any forward-looking information to reflect events or circumstances after the date of this release or to reflect the occurrence of unanticipated events unless required by law to do so.

SOURCE The Macerich Company

Thomas O’Hern, Senior Executive Vice President and Chief Financial Officer,310-394-6000

Macerich to repurchase of up to $1.2 billion of its outstanding common shares over the next 24 months

SANTA MONICA, Calif., 2015-10-1 — /EPR Retail News/ — The Macerich Company (NYSE Symbol: MAC) today announced that the Company’s Board of Directors has authorized the repurchase of up to $1.2 billion of its outstanding common shares over the next 24 months as market conditions warrant.  Repurchases may be made through open market purchases, privately negotiated transactions, structured or derivative transactions, including accelerated stock repurchase transactions, or other methods of acquiring shares and pursuant to Rule 10b5-1, from time to time as permitted by securities laws and other legal requirements.

ABOUT MACERICH: Macerich, an S&P 500 company, is a fully integrated self-managed and self-administered real estate investment trust, which focuses on the acquisition, leasing, management, development and redevelopment of regional malls throughout the United States.

Macerich currently owns 55 million square feet of real estate consisting primarily of interests in 51 regional shopping centers. Macerichspecializes in successful retail properties in many of the country’s most attractive, densely populated markets with significant presence in thePacific Rim, Arizona, Chicago and the Metro New York to Washington, DC corridor. Additional information about Macerich can be obtained from the Company’s website at www.macerich.com.

SOURCE The Macerich Company

Thomas O’Hern, Senior Executive Vice President and Chief Financial Officer, 310-394-6000; John Perry, Senior Vice President-Investor Relations, 424-229-3345; Jean Wood, Vice President-Investor Relations, 424-229-3366

Macerich achieved #1 ranking in 2015’s U.S. Retail Sector according to Global Real Estate Sustainability Benchmark (GRESB)

Ranking Underscores Macerich’s Thoroughly Integrated Focus on Sustainability

SANTA MONICA, Calif., 2015-9-15 — /EPR Retail News/ — Macerich (NYSE: MAC) today announced that it has achieved the #1 ranking in the U.S. Retail Sector in 2015 according to scores published by Global Real Estate Sustainability Benchmark (GRESB). GRESB is a leading measure of sustainability performance for real estate portfolios around the world.

“Macerich is fully committed to environmental stewardship, and this GRESB ranking is the culmination of years of focused effort and investment in sustainability,” said Ed Coppola, President, Macerich. “From our thoughtful and effective response to the drought in California to our powerful initiatives in renewable energy, Macerich has integrated sustainable strategies into every area of our business, which benefits the environment as well as our investors. Our program is socially responsible, operationally sound and financially disciplined.”

A top performer in GRESB’s Green Star rankings for two years running (formerly ranked 4th), Macerich is well recognized for its industry leadership in sustainability. Major awards include the 2014 NAREIT Retail “Leader in the Light,” as well as numerous LEED® Gold certifications from the U.S. Green Building Council, and awards of excellence from various chapters of NAIOP, the Commercial Real Estate Development Association.

Key results of Macerich’s successful and comprehensive focus on sustainability include a 29% decrease in energy use since 2009; $26.6 millionin operational cost savings from 2008 through 2014; recycling of more than 12,252 tons of waste per year; and the completion of 13 renewable energy projects with a total capacity of 10.5MW (by end of 2015) will rank Macerich in top 15 U.S. companies in terms of solar capacity.

For more information on Macerich’s sustainability efforts and impacts, please view the 2014 Sustainability Report.

About Macerich
Macerich, an S&P 500 company, is a fully integrated self-managed and self-administered real estate investment trust, which focuses on the acquisition, leasing, management, development and redevelopment of regional malls throughout the United States.

Macerich currently owns 55 million square feet of real estate consisting primarily of interests in 51 regional shopping centers. Macerichspecializes in successful retail properties in many of the country’s most attractive, densely populated markets with significant presence in thePacific Rim, Arizona, Chicago and the Metro New York to Washington, D.C. corridor. Additional information about Macerich can be obtained from the Company’s website: www.macerich.com

SOURCE Macerich

Karen Maurer, Macerich, 602-708-6311, http://www.macerich.com

Real estate investment trust with focus on regional malls Macerich to participate in REITWeek 2015, NAREIT’s Investor Forum in New York

SANTA MONICA, Calif., 2015-6-3 — /EPR Retail News/ — Macerich® (NYSE: MAC), today announced that Art Coppola, Chairman and CEO, Ed Coppola, President and Tom O’Hern, Senior Executive Vice President and Chief Financial Officer will participate in REITWeek 2015, NAREIT’s Investor Forum to be held in New York, New York.

Macerich will present from approximately 4:30 pm to 5:00 pm Eastern Time, on Tuesday, June 9, 2015. The live audio-only webcast will be available online in the Investing Section of the Company’s website at www.macerich.com. An online replay will be available through 11:59 pm Pacific Time, July 24, 2015 at the same location.

Macerich, an S&P 500 company, is a fully integrated self-managed and self-administered real estate investment trust, which focuses on the acquisition, leasing, management, development and redevelopment of regional malls throughout the United States.

Macerich currently owns 55 million square feet of real estate consisting primarily of interests in 51 regional shopping centers. Macerich specializes in successful retail properties in many of the country’s most attractive, densely populated markets with significant presence in the Pacific Rim, Arizona, Chicago and the Metro New York toWashington, DC corridor. Additional information about Macerich can be obtained from the Company’s website at www.macerich.com.

 

SOURCE The Macerich Company

John Perry, Senior Vice President-Investor Relations, 424-229-3345, Jean Wood, Vice President-Investor Relations, 424-229-3366