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Simon Makes 'Best and Final' Offer for Macerich

By Andrew Asch | March 19, 2015

The board of directors for the Macerich Co. unanimously rejected an unsolicited bid from mall giant Simon Property Group Inc. on March 17. Simon made its "best and final" offer for Macerich on March 20.

UCLA Anderson Forecast Takes a Look at California’s Future

California is on a steady course to see job growth outpace the U.S. economy through the end of 2016, eventually driving down the state unemployment to 5.6 percent during that period. That is considerably lower than the 7.3 percent recorded in October.

Caruso Outlines Plans for Palisades Village

Caruso Outlines Plans for Palisades Village

Reviving a long-gone movie theater, introducing unique, boutique retail, building a park; these are some of the new features that Rick J. Caruso plans to bring to his proposed Palisades Village development in Los Angeles’ exclusive Pacific Palisades enclave.

Macy’s Remodel, New Retailers Planned for The Bloc

Plans for The Bloc, the 1.8 million-square-foot, mixed-use shopping center in downtown Los Angeles are taking shape with a remodel planned for the center’s Macy’s store and new tenants signing on to open in 2015.

Westfield Santa Anita Gets a $20M Upgrade

Westfield Santa Anita Gets a $20M Upgrade

Shopping-center juggernaut Westfield wrapped up a $20 million renovation of its Westfield Santa Anita mall in Arcadia, Calif., on Black Friday.

November Sales Strong Despite Black Friday Disappointments

Black Friday sales results disappointed, but overall retail business for the month of November generally pleased retailers and Wall Street analysts.

Retailers Await Next Big Shopping Event

Retailers Await Next Big Shopping Event

Retail analysts forecast a lull in business in weeks following the big deals and buzz of Black Friday, generally considered the kickoff of the winter holiday retail season. Business is predicted to skyrocket sometime before Dec. 20, Super Saturday, the weekend before Christmas.

Doneger Acquires Huepoint

New York–based Doneger Group, the retail consultancy and partner of Los Angeles–based Directives West, has acquired New York–based color trend-forecasting agency Huepoint.

Poshmark Fashion App Adds a Layer to Detect Fake Designer Labels

Poshmark, a 3-year-old mobile app launched by Manish Chandra out of Menlo Park, Calif., has unveiled a free new service that will help buyers on the fashion and accessories destination make sure the brands they are buying are the real McCoy.

Black Friday Shopping Down, But NRF Remains Optimistic for ‘Superbowl’ of Shopping

Black Friday Shopping Down, But NRF Remains Optimistic for ‘Superbowl’ of Shopping

The Black Friday weekend represented a tough beginning to what many economists still forecast to be a holiday season of good sales.

Caruso Closes Escrow on Palisades Enclave.

Rick Caruso, developer of The Grove and The Americana at Brand retail centers in the Los Angeles area, announced Nov. 25 that his company, Caruso Affiliated, closed escrow on Swarthmore Avenue in the wealthy enclave of Pacific Palisades in Los Angeles.

Sleepy Jones to Open in Santa Monica. Calif.

Sleepy Jones to Open in Santa Monica. Calif.

Spade started Sleepy Jones and on Nov. 20, he held a grand opening for a 650-square-foot Sleepy Jones boutique at 1318 Montana Ave. in Santa Monica, Calif.

Element Goes Global: New Executives, New Boutique

Element, an Irvine, Calif.–based brand owned by Billabong International Ltd., announced on Nov. 24 the hiring of two European executives.

Wet Seal Hires Team to Explore Sale

Beleaguered retailer The Wet Seal Inc. announced Nov. 24 that it hired a team to help the Foothill Ranch, Calif.–based retailer to look for “strategic and financial alternatives,” which can be industry lingo for considering an array of new directions for the business, including a sale.

New Standalone Shop in Santa Monica

New Standalone Shop in Santa Monica

After almost 20 years of doing business in the well-off seaside city of Santa Monica, Calif., Ron Robinson was told to vacate his successful Ron Robinson shop at the landmark Fred Segal compound in May. The entire Fred Segal building at 500 Broadway was going to be torn down to make way for construction of a mixed-use building of residences and restaurants.

Nasty Gal Opens on Melrose

Nasty Gal Opens on Melrose

A line of fans and shoppers snaked around the corner of Melrose Avenue and N. Kilkea Drive in Los Angeles on the morning of Nov. 21 to take in the opening of the first physical boutique for Nasty Gal