Macerich surrenders Santa Monica Place to lender after $300M default

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Macerich has surrendered the Santa Monica Place mall to its lender after defaulting on a $300 million loan. The locally based real estate investment trust has walked away from the 527,000-square-foot, open-air mall at 395 Santa Monica Place, a block from the Santa Monica pier, the Santa Monica Daily Press and Women’s Wear Daily reported.
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SMC Emeritus Art Gallery to Host Free Opening Reception for Ray McCray Art Exhibition June 27

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The Santa Monica College (SMC) Emeritus Art Gallery presents a free exhibition of works by Los Angeles–based artist Ray McCray. The exhibition opens on June 27 and runs through Sept. 6 in the Emeritus Art Gallery at 1227 Second St. The opening reception ...
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