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Macerich: ‘We Are in a Much Better Place Than Many Think’

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While rival shopping mall owners file for bankruptcy and cut jobs, The Macerich Co. appears to be recovering. Speaking on a call with investors Thursday, CEO Tom O’Hern acknowledged that the mall REIT, which owns 51 million square feet across 47 properties, experienced a “challenging” Q3. “The second quarter was an extremely unique quarter, and…

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