Last $65.47 USD
Change Today -0.01 / -0.02%
Volume 510.5K
As of 8:04 PM 08/21/14 All times are local (Market data is delayed by at least 15 minutes).

macerich co/the (MAC) Snapshot

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07/23/14 - $68.81
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10/7/13 - $55.13
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macerich co/the (MAC) Details

The Macerich Company is an independent real estate investment trust. The firm invests in the real estate markets of the United States. It primarily engages in acquisition, ownership, development, redevelopment, management and leasing of regional and community shopping centers located throughout the United States. The Macerich Company was founded in 1964 and is headquartered in Santa Monica, California.

Founded in 1965

macerich co/the (MAC) Top Compensated Officers

Chairman of the Board, Chief Executive Office...
Total Annual Compensation: $992.3K
President and Director
Total Annual Compensation: $800.0K
Chief Financial Officer, Chief Accounting Off...
Total Annual Compensation: $550.0K
Executive Vice President of Leasing
Total Annual Compensation: $500.0K
Chief Legal Officer, Senior Executive Vice Pr...
Total Annual Compensation: $500.0K
Compensation as of Fiscal Year 2013.

macerich co/the (MAC) Key Developments

Pennsylvania Real Estate Investment Trust and Macerich Company Form Joint Venture to Redevelop The Gallery in Philadelphia

Pennsylvania Real Estate Investment Trust and Macerich Company announced a joint venture partnership to redevelop The Gallery in downtown Philadelphia. Through this partnership, PREIT will capitalize on Macerich's extensive expertise in developing and leasing vertical, multi-use projects in dense, urban environments and Macerich will benefit from PREIT's Philadelphia-area relationships and retail dominance. Under the terms of the agreement, Macerich will acquire a 50% common ownership interest in The Gallery for $106.8 million. Macerich and PREIT will jointly handle the development, leasing and management of The Gallery. Costs related to the future development will be split 50/50 between the companies. The Gallery, approximately 1,400,000 square feet is located in the heart of Philadelphia, strategically positioned where mass transit, tourism, the residential population and employment base converge. The joint venture redevelopment is expected to build upon the offerings of the previously announced Century 21 anchor transaction and realize PREIT's vision to create Philadelphia's only transit-oriented, retail anchored multi-use property offering accessible luxury retailing and artisan food experiences.

The Macerich Company Declares Quarterly Cash Dividend, Payable on September 5, 2014

The Board of Directors of The Macerich Company declared a quarterly cash dividend of $0.62 per share of common stock. The dividend is payable on September 5, 2014 to stockholders of record at the close of business on August 20, 2014.

Macerich Opens First Phase of Expanded Tysons Corner Center

Macerich officially opened the first phase of its large-scale, mixed-use urban expansion at Tysons Corner Center in Northern Virginia, including the 22-story Tysons Tower office building, signature outdoor Plaza and a new mall entrance that connects the high-performing retail property with the new development. Together with Alaska Permanent Fund Corporation, Macerich's long-standing partner at Tysons Corner, the company is transforming this top retail center into an innovative, connected community, adding 1.4 million square feet of office, residential, hotel and retail uses.


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