Mass Merchant
Santa Monica-based mall owner Macerich Co. has acquired Phoenix, Ariz.-based Westcor Realty for about $662 million and announced plans to purchase the Oaks shopping center in Thousand Oaks. Once both deals are finalized, Macerich will own 55 properties representing about 60 million square feet. The acquisition will put the company in the top 10 largest mall owners.
