2025

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.

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