Macerich Announces Sale of Two Retail Centers for $170MM

SANTA MONICA, Calif., Jan. 19, 2017 -- The Macerich Company (NYSE Symbol: MAC) today 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 […]