• Two joint ventures, eight regional shopping centers, $5.4B on the table

    In a series of exceptionally complex deals, Manatt orchestrated the formation of two joint ventures involving major stakes in eight regional shopping center properties. Our client, The Macerich Company, sold a 40 percent interest in five regional centers to GIC, the sovereign wealth fund of...
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  • Macerich closes deal for Los Angeles Premium Outlets™

    Manatt advised retail developer The Macerich Co. on the development of and joint venture agreements with Simon Property Group for Los Angeles Premium Outlets™, a new 42-acre mall located adjacent to the I-405 freeway that will have more than 500,000 square feet of commercial retail space. The...
  • Macerich closes $660 million purchase of Country Club Plaza

    The Macerich Co., a Santa-Monica based real estate investment trust (REIT), in the closing of the $660 million purchase of Kansas City, MO-based Country Club Plaza from Highwood Properties Inc. Macerich will have a 50% stake, split with Taubman Centers Inc., and will jointly manage the property...
  • Macerich sells mall to Primestor in $100M transaction

    Manatt represented The Macerich Company in its sale of the Panorama Mall. The mall was purchased in an off-market deal by Los Angeles shopping center developer Primestor Development for $100 million.
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