Macerich, one of the top 20 owners of retail real estate in the U.S., has sold La Encatada, a high-end specialty center in Tucson for $165 million, generating $100 million in liquidity.
Phillips Edison & Company, one of the nation’s leading owner-operator of neighborhood centers, has sold Atwater Marketplace in Atwater, Calif. For an undisclosed price to a private investor.
The Avenue, American Dream’s long-awaited, art-bedecked luxury wing opened September 17 with the world’s largest Hermés store and New Jersey’s only Saks Fifth Avenue among its tenants.
