Macerich reports 3,600% profit jump in Q4 while “running out of anchor space”

Some mall owners might struggle with retail tenants filing for bankruptcy, exiting spaces and refinancing debt. But, apparently not Macerich.  Macerich reeled in $62.2 million in net income during the last three months of 2023 — or 3,580 percent more than the $1.7 million in profit it reported in the fourth quarter of 2022, according to […]

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Kilroy Realty won’t start any new developments in 2024

Cities won’t see any new developments from Kilroy come online this year.  “We do not anticipate starting any new developments in 2024,” Justin Smart, Kilroy’s president, said on a conference call Tuesday discussing the real estate investment trust’s fourth-quarter earnings.  Instead, the L.A.-based firm is focused on its 17 million-square-foot office and life science portfolio, […]

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