Updates
A roundup of notable commercial real estate transactions for the week of June 17, 2024.
June 27, 2024
Business
Macerich Co., owner of Santa Monica Place, has rejected an unsolicited bid from rival mall owner Simon Property Group Inc., saying the $16-billion proposal “substantially undervalues” the company.
March 17, 2015
Southern California is home to some of the largest and most impactful M&A transactions in the nation, with the region’s multiple industries continually buying and selling to create better outcomes for their business streams.
May 17, 2024
Mall landlord giant Simon Property Group has ratcheted up its rhetoric in its apparently hostile $16-billion takeover attempt of rival Macerich Co. of Santa Monica that could join two of the country’s largest shopping center owners.
March 10, 2015
Mall operator Macerich said Monday it settled a proxy fight with two investment funds, and will nominate two new directors to its board while dropping a “poison pill” measure that helped it stave off an attempted takeover.
May 4, 2015
Santa Monica-based mall owner Macerich Co. rejected a second unsolicited bid from rival Simon Property Group, leading Simon to quickly withdraw its offer.
April 1, 2015
Simon Property Group Inc., the nation’s largest mall owner, said it made its “best and final offer” Friday morning to acquire Santa Monica-based rival Macerich Co., upping the per-share bid to $95.50 from $91.
March 20, 2015
Santa Monica shopping center landlord Macerich Co. is under siege by rival Simon Property Group in a $15.3 billion hostile takeover attempt that could join two of the country’s largest mall owners.
March 9, 2015
Despite the meteoric rise of online shopping, traditional malls still occupy prime real estate in the retail landscape — as evidenced by the $16-billion bid for Macerich Co., owner of Santa Monica Place and dozens of other shopping centers.
2024 Commercial Real Estate Trends, Updates & Visionaries
Greg Offsay, Commercial Real Estate Executive Vice President, a native Angeleno, brings his deep-rooted love for Los Angeles into his role as a real estate professional.
May 19, 2024