Prism Places Takes Over Struggling Santa Monica Place Shopping Center
Santa Monica Place, once the hub of Macerich Co.’s local operations, has been taken over by commercial real estate firm Prism Places. The 527,000-square-foot outdoor retail center, struggling with declining revenues, is now under Trigild’s control after Macerich defaulted on its loans. Founded CEO Stenn Parton sees an opportunity to restore the shopping center to … Read more