As shopping malls nationwide have been battered by ecommerce, mall landlord Macerich has sought alternatives by redeveloping some of its properties into creatives office spaces. But that didn’t solve the core problem. Net income fell sharply for the quarter and the year. Macerich’s net income from September through December was down 64 percent, to $11.7 million in 2018 compared to $32.7 million the year before. For the year, it plummeted 58 percent, to $60 million […]
source https://therealdeal.com/la/2019/02/07/mall-owner-macerich-expects-more-store-closures-in-2019-across-portfolio-ceo/#new_tab
No comments:
Post a Comment