Real Estate News

Macerich Acquires Market-Dominant Crabtree Mall in Raleigh, NC for $290 million

Attractive Initial Yield of Approximately 11% with Upside and is Accretive to Path Forward Plan

SANTA MONICA, Calif., June 24, 2025 (GLOBE NEWSWIRE) -- The Macerich Company (NYSE: MAC) (the “Company” or “Macerich”), a leading owner, operator and developer of major retail properties in top markets, today announced the acquisition of Crabtree Mall, a market-dominant, Class A retail center totaling approximately 1.3 million square feet in Raleigh, NC for $290 million.

PearlX Acquires 977-Kilowatt Solar System at Millennium Apartments, a 330-Unit Multifamily Community in the Coachella Valley

PALM DESERT, Calif., July 15, 2025 (GLOBE NEWSWIRE) -- PearlX, an energy infrastructure and capital partner to multifamily owners and developers, today announced the acquisition of a 977-kilowatt solar energy system atMillennium Apartments, a newly constructed 330-unit multifamily community located at 74699 Technology Drive in Palm Desert, CA.

Flagship Communities Real Estate Investment Trust Wins the Kentucky Manufactured Housing Institute’s Highest Award for the Fourth Consecutive Year

Not for distribution to U.S. newswire services or dissemination in the United States.

TORONTO, June 19, 2025 (GLOBE NEWSWIRE) -- Flagship Communities Real Estate Investment Trust (TSX: MHC.U)(TSX:MHC.UN) (“Flagship” or the “REIT”) today announced that its Derby Hills Pointe community in Alexandria, Kentucky, has been recognized as the 2025 Community of the Year by the Kentucky Manufactured Housing Institute (KMHI).

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