Search results
Oct 26, 2011 · Born Sept. 1, 1925, in Jersey City, N.J., Mace Siegel studied at the Columbia School of Business and in 1964 founded Macerich Company, a developer of shopping malls, The company was...
Founder of the Macerich Company, a national developer and operator of shopping malls, dies at 86 in his home in Beverly Hills. Mace Siegel, Columbia College and Columbia Business School alumnus and real estate magnate, died October 26th at his home in Beverly Hills. He was 86.
Oct 26, 2011 · Mace Siegel was the founder of Macerich Co. of Santa Monica, Calif., which develops, owns and manages regional shopping malls. He retired in 2008 as chairman of the board of directors of Macerich.
- Origins
- Becoming A Redeveloper in 1975
- 1994 IPO Fueling Aggressive Growth
- Further Reading
Mace Siegel, one of the principal founders of what would become Macerich, began his real estate career working for others. In 1952, he entered the shopping center business, working for a real estate brokerage firm that aided clients in creating shopping centers, the novel, soon-to-skyrocket retail format of the post-World War II era. Siegel spent a...
Success with strip centers encouraged Macerich to branch out into acquiring shopping malls. Success with acquiring and managing shopping malls in the Midwest and Southeast encouraged the company to extend its geographic reach. Siegel, Cohen, and Anderson began focusing on southern California as the next area for Macerich’s expansion. The partners e...
Macerich achieved its greatest growth after it filed for an initial public offering (IPO) of stock, a public debut that cast the company as a real estate investment trust (REIT). The difference in the rate of growth before the IPO and after the IPO was enormous, an exponential difference in terms of the gross leased area owned by the company and in...
“Competition Strong for Prime Centers,” Chain Store Age Executive with Shopping Center Age,April 1985, p. 41. “DeBartolo and Macerich Acquire 12 Regional Malls,” WWD,December 30, 1997, p. 10. Duell, Jennifer D., “Macerich Buys Westcor for $1.5 Billion,” Commercial Property News,July 1, 2002, p. 3. Garcia, Shelly, “Macerich Buys Out Its Panorama Mal...
Oct 28, 2011 · ARCADIA, Calif. - Mace Siegel, a prominent owner and breeder of thoroughbreds in California and a developer of retail shopping malls, has died of heart failure. He was 86.
Oct 30, 2011 · ARCADIA, Calif. -- Mace Siegel, a prominent owner and breeder of thoroughbreds in California and a developer of retail shopping malls, has died of heart failure. He was 86.
It is the third-largest owner and operator of shopping centers in the United States. As of December 31, 2020, the company owned interests in 52 properties comprising 50 million square feet of leasable area. [1] The company name is a portmanteau of its founders, Mace Siegel and Richard Cohen. [2]
