New owner of Biltmore Fashion Park announces new retailers at Phoenix shopping center [Yahoo! Finance]
Macerich Company (The) (MAC)
Last macerich company (the) earnings: 2/6 07:00 am
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Source: Yahoo! Finance
Some of the changes on tap include new residences, upscale hotel accommodations and office space, with the possibility of a highrise on the corner of 24th Street and Camelback Road on a space currently used as a parking lot. RED is the fourth owner in the history of the Biltmore Fashion Park, which was constructed in the early 1960s. Other upgrades include improved landscaping and enhanced lighting in the shopping center. RED acquired the 50% of Biltmore Fashion Park that it didn't own from longtime partner Macerich Co., which is using the proceeds to pay off $110 million in debt. That amount, $110 million, was the sale price. The deal was announced in late July. Macerich owns many of the biggest malls around metro Phoenix, including Scottsdale Fashion Square, Chandler Fashion Center, Desert Sky Mall in Phoenix, Superstition Springs Center in Mesa, Kierland Commons in Scottsdale and Arrowhead Towne Center in Glendale. Macerich listed Biltmore Fashion Park as 93% leased as of the
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News
- The Macerich Company (NYSE: MAC) was upgraded by analysts at Mizuho from an "underperform" rating to a "neutral" rating. They now have a $22.00 price target on the stock, up previously from $14.00.MarketBeat
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- Running a country or a business—leaders must ‘honor the room,' says Wharton professor [Fortune]Fortune
MAC
Earnings
- 11/7/24 - Miss
MAC
Sec Filings
- 11/27/24 - Form 8-K
- 11/26/24 - Form 424B5
- 11/25/24 - Form 424B5
- MAC's page on the SEC website