News & Announcements Making News.

REDMOND, Wash., July 13 /PRNewswire/ -- On the heels of a recent international award, Redmond Town Center has been awarded its second arts award. The City of Redmond's Arts Commission named Redmond Town Center the 1999 Redmond Volunteer Arts Award recipient in the Patrons Division on July 6.

Santa Monica, CA (2/16/99) - The Macerich Company (NYSE Symbol: MAC) today announced results of operations for the fourth quarter and year ended December 31, 1998, which included the following: · Funds from operations ("FFO") – diluted increased by 44% for the year ended December 31, 1998 compared

SANTA MONICA, CA. (12/07/98) - The Macerich Partnership, L.P. and the Ontario Teachers' Pension Plan Board have reached agreement with various Safeco Corporation entities to purchase the following regional shopping centers: 1. Washington Square Mall, Tigard, Oregon (Portland area) 2.

Santa Monica, CA (11/12/98) - The Macerich Company (NYSE Symbol: MAC) today announced results of operation for the third quarter which included the following: · Funds from operations ("FFO") – diluted increased by 52% compared to the same quarter in 1997 · FFO per share – diluted increased 16% to

SANTA MONICA, CA. , (8/11/98) The Macerich Company, (NYSE Symbol: MAC) today announced per share funds from operations (FFO) -diluted for the second quarter of 1998 increased 18% compared to the second quarter of 1997. Management attributes the strong performance to the 4% increase in the core

SANTA MONICA, CA. , (8/10/98) Subsidiaries of The Macerich Company, (NYSE Symbol: MAC) announced that they have acquired a 100% interest in The Village at Corte Madera, a 428,000 square foot regional mall in Corte Madera, California. The mall, located in the San Francisco Bay area, is anchored by

SANTA MONICA, CA. (8/5/98) -- The Board of Directors of The Macerich Company (NYSE Symbol: MAC) declared a quarterly dividend of $0.46 per share of common stock to stockholders of record on August 14, 1998. Based on yesterdayís closing price of $26 15 / 16 , the annualized dividend yield is 6.8%.

SANTA MONICA, CA. (7/1/98) -- A subsidiary of The Macerich Company (NYSE Symbol: MAC) announced plans to acquire Westside Pavilion, a 750,000 square foot regional mall. The mall is located in the upscale Westside of Los Angeles at the intersection of Westwood Boulevard and Pico Boulevard.

Santa Monica, CA - June 25, 1998 - A subsidiary of The Macerich Company (NYSE Symbol:MAC) has acquired South Plains Mall, a 1,107,000 square foot super regional mall in Lubbock, Texas. The purchase price was $115.7 million, consisting of the assumption of $29.4 million of debt, at market value, and

Santa Monica, CA --June 24, 1998 --The Macerich Company, (NYSE Symbol: MAC) today announced a $150 million investment by the Ontario Teachers' Pension Plan. The investment is in the form of a direct private placement of 5,487,471 shares of convertible preferred stock of The Macerich Company.