Business Services Industry
Macerich Co. Buys Fresno Mall, Two Southern California Centers.(Originated from The Fresno Bee, Calif.)
Knight Ridder/Tribune Business News, December, 1996 by Nax, Sanford
Dec. 21--The company that manages Fresno Fashion Fair mall has bought it in a deal that also included two shopping centers in Southern California.
The Macerich Co. said it paid $125.1 million for the three properties. The price included an assumption of the first mortgage on Fashion Fair totaling $38 million. The remaining $87.1 million was cash, $57 million of which was funded by an unsecured commercial bank loan.
Buenaventura Plaza in Ventura and Huntington Center in Huntington Beach were acquired in addition to Fashion Fair. Modesto's Vintage Faire Mall in Modesto was added to Macerich's portfolio a couple of weeks ago.
"That gives us a powerful one-two combination of super regional centers in the heart of the central valley of...
Most Recent Business Articles
- Multiple criteria evaluation and optimization of transportation systems
- Multi-criteria analysis procedure for sustainable mobility evaluation in urban areas
- A two-leveled multi-objective symbiotic evolutionary algorithm for the hub and spoke location problem
- Multi-criteria analysis for evaluating the impacts of intelligent speed adaptation
- The development of Taiwan arterial traffic-adaptive signal control system and its field test: a Taiwan experience
Most Recent Business Publications
Most Popular Business Articles
- 7 tips for effective listening: productive listening does not occur naturally. It requires hard work and practice - Back To Basics - effective listening is a crucial skill for internal auditors
- FAS 109: a primer for non-accountants - Financial Accounting Standards Board's "Statement 109: Accounting for Income Taxes"
- Design a commission plan that drives sales - Sales Commissions
- Too Young to Rent a Car? - 25-years-old the minimum age for car renting - Brief Article
- LIFO vs. FIFO: a return to the basics
