Simon offers to buy Macerich for $22.4B

___MAIN 11121294523_10201807259322245_2125579142_o_ Impossible







I attribute my success to this: I never gave or took any excuse. –Florence Nightingale



Mar 9, 2015, 2:33pm MST Brandon Brown Reporter-Phoenix Business Journal

The Macerich Co. – the owner, operator and developer of many of the metro Phoenix malls and shopping centers – is being actively sought after to be bought out be the nation’s largest mall owner SimonProperty Group.

Indianapolis-based Simon (NYSE: SPG) publicly announced its desire to buyout Santa Monica-based Macerich (NYSE:MAC) Monday, offering Macerich stockholders $91 per share. Simon also published a letter that Chairman and CEO David Simon sent to Macerich Chairman and CEO Art Coppola.

In the letter, Simon said he met with Coppola more than a week ago and proposed the acquisition and Simon said he is disappointed Coppola has not gotten back to him yet.

See Also

“This is a very compelling offer that will enable Macerich stockholders to realize a substantial and immediate cash return while building long-term value through ownership ofSimon shares which have delivered industry-leading returns for more than two decades,”Simon wrote. “We have completed nearly $40 billion of acquisitions in a variety of complex transactions during our 21 years as a public company and we see no legal or other impediment to completing our purchase of Macerich.”

In response to Simon making the matters public, Macerich released a press release of its own on Monday, which said it has received an unsolicited offer from Simon and the Macerich board of directors will review the proposal with its financial and legal advisors.

The company suggested its stockholders not take any action at the time.

Simon only has two properties in Arizona, the Arizona Mills Mall in Tempe and the Phoenix Premium Outlets near Chandler.

Macerich’s portfolio includes some of Arizona’s biggest malls and shopping centers including Arrowhead Towne Center, Desert Sky Mall and Paradise Valley Mall. It also has half or part ownership in Biltmore Fashion Park, Scottsdale Fashion Square, Chandler Fashion Center and Kierland Commons.

If Macerich accepted Simon‘s offer, it is estimated to be a $22.4 billion transaction, includingSimon taking on Macerich’s nearly $6.4 billion in outstanding debt. Macerich stockholders would receive 50 percent cash and 50 percent Simon stock if the buy out happened.

“We believe Simon‘s cash and stock offer would bring compelling value to shareholders of both companies. Macerich shareholders would receive a significant current cash premium as well as the long-term upside potential of an investment in Simon, which is widely recognized for its high-quality portfolio and industry-leading operating performance,” Simonsaid. “We are confident our proposed transaction provides a highly attractive value proposition to Macerich shareholders.”

Brandon covers retail, restaurants, hospitality/tourism as well aviation, small business and nonprofits.


I am actively looking to build relationships with Real Estate Investors and Owner / Users for Phoenix  –  Scottsdale   –  Tucson   –  Maricopa County  – Pima County  –  Pinal County  –  Cochise County  –  Santa Cruz County   –Yavapai County  –  Gila County   –   Arizona ,  USA   

Walter Unger CCIM –   – 1-520-975-5207  –



Timeline of Phoenix, Arizona history,_Arizona_history



Phoenix, Arizona,_Arizona




Facts of Arizona – year 1848 to 2013

Feel free to contact Walter regarding any of these stories, the current market, distressed commercial real estate opportunities and needs, your property or your Investment Needs for Comercial Properties in Phoenix.




View my listings and my profile at:



What is a CCIM?


Join My Mailing List


Investors and owner/users need to really know the market before making a move in commercial investment properties as the market has a lot of moving parts today. What’s going on socio-economically, what’s going on demographically, what’s going on with location, with competing businesses, with public policy in general — all of these things affect the quality of your commercial properties/investment properties.  Therefore, you need a broker who understands commercial properties.  Please go to my web-site and get all the newsflashes and updates in Commercial Real Estate.



Check out my professional profile and connect with me on LinkedIn.

Follow me on Facebook:


Follow me on Twitter:


Follow Me on Google+

Walter Unger CCIM, CCSS, CCLS

I am a successful Commercial / Investment Real Estate Broker in Arizona now for 20 years.  I am also a commercial land specialist in Phoenix and a Landspecialist in Arizona. If you have any questions about Commercial / Investment Properties in Phoenix or Commercial /  Investment Properties in Arizona,  I will gladly sit down with you and share my expertise and my professional opinion with you. I am also in this to make money therefore it will be a win-win situation for all of us. 

Please reply by e-mail or call me on my cell 520-975-5207 or Office:480-948-5554




Thank You


Walter Unger CCIM

Associate Broker,  West USA Commercial Real Estate Advisers

7077 E. Marilyn Road, Bldg 4, Suite 130

Scottsdale, AZ 85254

Cell:      520-975-5207   

Office :  480-948-5554

Fax: (480-658-1172


View my listings and my profile at:


a little about me and my expertise – video


commercial-investment real estate adviser-land specialist



What is a CCIM?


Delivering the New Standard of Excellence in Commercial Real Estate 

  • Commercial Real Estate Scottsdale
  • Commercial Real Estate Phoenix
  • Commercial Real Estate Arizona
  • Commercial Investment Properties Phoenix
  • Commercial Investment Properties Scottsdale
  • Commercial Investment Properties Arizona
  • Land Specialist Arizona
  • Arizona Land Specialist
  • Land Specialist Phoenix
  • Phoenix Land Specialist
  • Land For Sale Phoenix
  • Land for sale Arizona
  • Commercial Properties For Sale Phoenix
  • Commercial Real Estate Sales Phoenix
  • Commercial Properties Phoenix
  • Commercial Properties Arizona
  • Commercial Land Specialist Phoenix
  • Commercial Land Phoenix
  • Multifamily land Phoenix
  • Retail Land Phoenix
  • Industrial Land Phoenix
  • Land Commercial Phoenix
  • Land Retail Phoenix
  • Land Industrial Phoenix
  • Land Multifamily Phoenix
  • Industrial Land for sale Phoenix
  • Land Industrial
  • P
  • Investment Real Estate


Disclaimer of Liability

The information in this blog-newsletter is for general guidance only, and does not constitute the provision of legal advice, tax advice, accounting services, investment advice, or professional consulting of any kind. The information provided herein should not be used as a substitute for consultation with professional tax, accounting, legal, or other competent advisers. Before making any decision or taking any action, you should consult a professional adviser who has been provided with all pertinent facts relevant to your particular situation. Tax articles in this e-newsletter are not intended to be used, and cannot be used by any taxpayer, for the purpose of avoiding accuracy-related penalties that may be imposed on the taxpayer. The information is provided “as is,” with no assurance or guarantee of completeness, accuracy, or timeliness of the information, and without warranty of any kind, express or implied, including but not limited to warranties of performance, merchantability, and fitness for a particular purpose.