Macerich, the Santa Monica, Calif.-based developer, and the Alaska Permanent Fund Corp. have acquired The Shops at North Bridge on "The Magnificent Mile" in Chicago for $515 million.
The deal marks Macerich's entry into Chicago, and adds another high-profile property to the company's portfolio, which also includes Tysons Corner Center in Virginia, also co-owned by APFC, as well as Santa Monica Place in Los Angeles, which is slated for a major redevelopment, and Queens Center in New York.
Hermès is launching a Laundromat pop-up shop in NYC - dubbed Hermèsmatic - where customers can bring their old scarves to be dip-dyed by an expert. Get all the details on WWD.com. #wwdnews (📷: @donstahl)