The Macerich Company reports developments as a fully integrated, self-managed and self-administered REIT that owns, operates and develops retail real estate in densely populated U.S. markets. Its portfolio is concentrated in California, the Pacific Northwest, Phoenix/Scottsdale, and the corridor from Metro New York to Washington, D.C., with interests primarily in retail centers and regional mall properties.
Recurring Macerich news includes quarterly earnings releases and supplemental operating data, common-share dividend declarations, property acquisitions and dispositions, redevelopment and merchandising plans, credit facility activity, and business update presentations for real estate conferences. Company updates also address liquidity, capital allocation, portfolio quality, tenant mix, and environmental, social and governance priorities tied to its retail property platform.
Fillogic announced its plans to establish tech-enabled micro distribution hubs at major retail properties owned by Brookfield Properties, Macerich, and Taubman, aimed at enhancing service levels, reducing costs, and improving asset utilization. The initial five hubs are set to open by July 1, 2020, with plans to expand to ten by year-end. More than 60% of mall retailers currently utilize ship-from-store capabilities, averaging 950 to 3,200 packages shipped daily. This initiative is designed to optimize logistics between retailers and freight networks, facilitating faster delivery for online and offline shoppers.