Last Updated: July 15, 2008 06:11pm ET

Macerich Arranges $1B in Mall Financing

By Bob Howard

SANTA MONICA, CA-The shopping center REIT lines up new loans on five properties and a commitment on a sixth financing, using proceeds to pay down the company's line of credit.

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WASHINGTON, DC-A forthcoming report from Delta Associates shows that distressed commercial real estate in the United States totaled $166.9 billion in January 2012, down $4.7 billion since October 2011.

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