Macerich sees value of Santa Monica Place fall to $255M as it seeks buyer

Santa Monica Place can’t seem to catch a break, with the specialty mall’s value taking another hit as its owner looks to clinch a sale of the property. The Macerich-owned shopping center’s value is down about 35 percent to $255 million since its loan hit special servicing in April, according to a Monday note from […]The post Macerich sees value of Santa Monica Place fall to $255M as it seeks buyer appeared first on The Real Deal.