Macerich Refinances Kings Plaza In Brooklyn, New York
Macerich Company (The) (MAC)
Last macerich company (the) earnings: 2/6 07:00 am
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US:NYSE Investor Relations:
macerich.com/investors
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Source: PR Newswire
SANTA MONICA, Calif., Dec. 12, 2019 /PRNewswire/ -- On December 3, the Macerich (NYSE: MAC) Company closed a $540.0 million loan on Kings Plaza in Brooklyn, NY. The new loan bears a fixed interest rate of 3.62% and matures on January 1, 2030. The former loan was $427.4 million, which was repaid at closing. Excess refinancing proceeds were used to repay a portion of the Company's revolving line of credit. In 2018, the Company invested $110 million to redevelop the former 4-level Sears store with Primark, Zara, JCPenney and Burlington, which also included a transformative renovation of the mall's exterior along Flatbush Avenue. The property generated $735 per square foot as of September 30, 2019.About MacerichMacerich, an S&P 500 company, is a fully integrated self-managed and self-administered real estate investment trust, which focuses on the acquisition, leasing, management, development and redevelopment of regional malls throughout the United States.Macerich currently owns 51 millio
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News
- The Macerich Company (NYSE: MAC) was downgraded by analysts at StockNews.com from a "hold" rating to a "sell" rating.MarketBeat
- Is It Wise to Retain Macerich (MAC) Stock in Your Portfolio? [Yahoo! Finance]Yahoo! Finance
- How American malls survived the slow death of department stores [CNBC]CNBC
- Macerich Schedules First Quarter 2024 Earnings Release and Conference Call [Yahoo! Finance]Yahoo! Finance
- Macerich Schedules First Quarter 2024 Earnings Release and Conference CallGlobeNewswire
MAC
Earnings
- 2/7/24 - Beat
MAC
Sec Filings
- 3/29/24 - Form 4
- 3/26/24 - Form 8-K
- 3/22/24 - Form 4
- MAC's page on the SEC website