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New Macerich CEO Embarks on Restructuring Push After Quarterly Loss

National Mall Landlord To Offload Underperforming Centers

Mall landlord Macerich owns the Fashion District Philadelphia center through a joint venture partnership with PREIT Realty. (CoStar)
Mall landlord Macerich owns the Fashion District Philadelphia center through a joint venture partnership with PREIT Realty. (CoStar)

There's a new face at the helm of national mall landlord Macerich, and with it, a new plan to strengthen its financial position after reporting a first-quarter loss despite a backdrop of steady retail demand.

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