A struggling mall in Santa Monica is getting some new direction. Prism Places is now the property manager of Santa Monica Place, the 527K SF retail center that Macerich previously owned.

Prism Places, a commercial real estate management firm with $2.8 billion in assets under management, has been appointed to manage the struggling Santa Monica Place shopping center, the company ...

Santa Monica Place’s new property manager wants to breathe new life into the ailing mall, after Macerich defaulted on a $300 million loan tied to the property last year.

Santa Monica Place opened in 1980 at the south end of the Third Street Promenade, an open-air shopping and dining complex that had for years drawn tourists and visitors from throughout the Greater ...

Macerich Co. defaulted on the Santa Monica Place mortgage, returning the iconic shopping mall to its lender after owning it since 1999, highlighting ongoing challenges in the downtown retail sector.

Retail transitions are not the only news surrounding Santa Monica Place. Just two days before the announcement of Nordstrom’s closure, a man matching the description of a shooting suspect was ...