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Apr 30, 2024 · SANTA MONICA, Calif., May 31 /PRNewswire-FirstCall/ -- The Macerich Partnership L.P., the operating partnership of The Macerich Company (NYSE: MAC), today announced that it has signed a definitive agreement under which it will acquire Westcor Realty Limited Partnership ("Westcor"), the dominant owner, operator and developer of regional malls ...
Apr 30, 2024 · Westcor is the dominant owner, operator and developer of regional malls and specialty retail assets in the greater Phoenix area. The total purchase price was approximately $1.475 billion including the assumption of $733 million in existing debt and the issuance of approximately $72 million of convertible preferred operating partnership units at ...
Jul 1, 2002 · Macerich Co. has signaled its intent to join the major leagues of mall developers with its May 30 announcement of a deal to pay $1.475 billion for a collection of properties owned by Westcor...
May 31, 2002 · Staff Reporters of. The Wall Street Journal. May 30, 2002 11:59 pm ET. Share. Resize. Ramping up consolidation in the shopping-mall business, Macerich Co. agreed to purchase rival Westcor Realty...
May 31, 2002 · The rumors from ICSC’s 2002 Spring Convention were proved true today when The Macerich Co. officially announced its purchase of Westcor — due to finalize in third quarter 2002.
Jun 5, 2002 · Jun 5, 2002 – 10.00am. Macerich Co, a West Coast mall owner in the United States, is preparing to buy Westcor Realty for $US1.48 billion ($2.57 billion) in cash, debt and convertible...
On May 31, 2002, The Macerich acquired real estate company Westcor Realty Limited Partnership for 1.5B USD Acquisition Highlights This is The Macerich’s 1st transaction in the Real Estate sector.
