Macerich (MAC -2.2%) shares trade lower on news of the acquisition of two New York-based malls for a total of ~$1.25B as the REIT looks to expand its portfolio in the state. MAC will buy Kings Plaza, a 1.2M sq. ft. Brooklyn mall, from Alexander's (ALX +5.1%) for $751M, and will pick up Green Acres, a 1.8M sq. ft. Valley Springs mall, from Vornado Realty Trust (VNO -0.3%) for $500M.
Are you Bullish or Bearish on ?
Results for ()
Thanks for sharing your thoughts.
From other sites
at MarketWatch.com (Wed, 7:16PM)
at Nasdaq.com (Jan 8, 2015)
at Benzinga.com (Jan 7, 2015)
at CNBC.com (Dec 31, 2014)
at Nasdaq.com (Dec 26, 2014)
ETF Screener: Search and filter by asset class, strategy, theme, performance, yield, and much more
ETF Performance: View ETF performance across key asset classes and investing themes
ETF Investing Guide: Learn how to build and manage a well-diversified, low cost ETF portfolio
ETF Selector: An explanation of how to select and use ETFs