Macerich faces default on Westside Pavilion (West Los Angeles) mall loan
Posted: October 2nd, 2017, 9:21 pm
Macerich faces default on Westside Pavilion mall loan
https://therealdeal.com/la/2017/09/21/m ... lion-loan/
Nordstrom closed permanently in the Westside Pavilion (Rancho Park, West Los Angeles) mall today. Tomorrow, October 3rd, it opens in its new built from the ground up location in the Westfield Century City about a mile away (in the area that use to be Bullock's & Macy's). https://www.glamour.com/story/nordstrom ... plus-denim
With Macy's having sold its store for $50 million in the Westside Pavilion mall http://labusinessjournal.com/news/2017/ ... ling-poss/ and reopening a brand new built from the ground up store this past April at the Westfield, I predict Macy's will close in the Westside Pavilion this coming January 2018.
Macerich also owns the Santa Monica Place which has been highly successful since it was turned into an outdoor mall.
https://therealdeal.com/la/2017/09/21/m ... lion-loan/
Nordstrom closed permanently in the Westside Pavilion (Rancho Park, West Los Angeles) mall today. Tomorrow, October 3rd, it opens in its new built from the ground up location in the Westfield Century City about a mile away (in the area that use to be Bullock's & Macy's). https://www.glamour.com/story/nordstrom ... plus-denim
With Macy's having sold its store for $50 million in the Westside Pavilion mall http://labusinessjournal.com/news/2017/ ... ling-poss/ and reopening a brand new built from the ground up store this past April at the Westfield, I predict Macy's will close in the Westside Pavilion this coming January 2018.
Macerich also owns the Santa Monica Place which has been highly successful since it was turned into an outdoor mall.