{"id": "m-dc7535d601", "slug": "santa-monica-santa-monica-place", "type": "mall", "name": "Santa Monica Place", "aka": null, "city": "Santa Monica", "county": "Los Angeles County", "state": "CA", "country": "US", "census_division": 9, "lat": 34.01368, "lon": -118.4946, "geocode_method": "override", "address": null, "metro": null, "original_use": "mall", "year_opened": null, "year_closed": null, "acres": null, "gla_sqft": null, "stores_peak": null, "levels": null, "original_developer": null, "original_architect": null, "before_notes": "Record created from a 2024+ transaction, listing or loan report; no retrofit recorded.", "strategy": [], "new_use": null, "share_retrofit": null, "status": "operating", "year_retrofit": null, "developer": null, "architect": null, "after_notes": null, "narrative": null, "narrative_license": null, "narrative_source": null, "zoning_change": null, "public_subsidy": null, "entitlement_year": null, "planning_notes": null, "wikidata_qid": null, "wikipedia": null, "osm_id": null, "verified": "draft", "verified_by": null, "last_verified": null, "last_updated": "2024-04", "created": "2026-10-18", "contributor_name": null, "contributor_org": null, "contributor_link": null, "international": 0, "county_fips": "06037", "opp_score": 15.0, "opp_reasons": ["county shrank -2.5% 2018–23", "median rent $1,893", "distressed loan or foreclosure"], "for_sale": 0, "distressed": 1, "url": "https://retrofitatlas.org/malls/ca/santa-monica-santa-monica-place/", "events": [], "sources": [{"id": 6903, "site_id": "m-dc7535d601", "url": "https://commercialobserver.com/2024/04/300m-cmbs-loan-secured-santa-monica-place-mall-faces-imminent-default/", "title": "$300M CMBS Loan Secured by Santa Monica Place Mall Faces Imminent Default", "publisher": null, "date": "2024-04", "quote": "$300M CMBS Loan Secured by Santa Monica Place Mall Faces Imminent Default", "kind": "news", "license": null, "retrieved": "2026-10-18"}], "deals": [{"id": 382, "site_id": "m-dc7535d601", "kind": "loan", "date": "2024-04", "year": 2024, "acres": null, "sqft": null, "buyer": null, "seller": "Macerich", "broker": null, "lender": "CMBS trust", "loan_maturity": null, "loan_status": "default", "listing_url": null, "status": null, "notes": "", "source_url": "https://commercialobserver.com/2024/04/300m-cmbs-loan-secured-santa-monica-place-mall-faces-imminent-default/", "source_title": "$300M CMBS Loan Secured by Santa Monica Place Mall Faces Imminent Default", "source_date": "2024-04", "quote": "$300M CMBS Loan Secured by Santa Monica Place Mall Faces Imminent Default", "verified": "draft", "retrieved": "2026-10-18"}], "parties": [], "parcels": [], "context": {"assessment": {"what_happened": "Santa Monica Place opened as a mall and remains operating, but in April 2024 its owner Macerich defaulted on a $300 million CMBS loan, putting the asset under distress.", "why": "The record cites a distressed loan or foreclosure as the reason for the opportunity score, indicating the loan default is the primary stressor.", "where_it_stands": "The mall is currently operating, with Macerich as the recorded owner while the loan is in default to a CMBS trust lender.", "for_a_planner": ["No explicit planning precedents or policy tools are recorded.", "Open questions include the outcome of the loan default process and any potential reuse or redevelopment plans."], "for_a_developer": ["Site size and parcel boundaries are not provided in the record.", "Control is split between owner Macerich and the lender due to loan default.", "Entitlement stage and any zoning approvals are unknown.", "Context‑layer constraints (flood, transit, environment) and market signals from tract data are not recorded."], "risks_and_unknowns": ["Opening date, original anchor tenants, and current occupancy are unknown.", "Exact site dimensions and parcel layout are missing.", "Detailed loan terms beyond amount and default status are not provided.", "Environmental, flood, and transit constraints from context layers are absent.", "Tract‑level market data and verification status (draft) introduce uncertainty."], "data_quality": "thin", "one_line": "Santa Monica Place remains open but faces a $300 million CMBS loan default, leaving its future ownership and use uncertain today.", "model": "nvidia/nemotron-3-super-120b-a12b", "machine": "NVIDIA API via Hermes CT", "record_sha1": "32907629f700"}, "cluster": {"within_10km": [{"id": "n-6559af29e6", "name": "Pickle Pop", "city": "Santa Monica", "status": "operating", "km": 0.7}, {"id": "m-6a90631712", "name": "Westside Pavilion", "city": "Los Angeles", "status": "built", "km": 5.7}], "count_10km": 2, "count_25km": 28}, "edgar": {"query": "Santa Monica Place", "city": "Santa Monica", "total": 316, "name_only_total": 6, "common_name": true, "sampled": 100, "latest": "2026-08-05", "earliest": "2001-02-14", "cmbs": [], "public": [{"name": "MACERICH CO  (MAC)", "cik": "0000912242", "n": 87, "first": "2001-03-29", "last": "2026-08-05", "forms": {"8-K": 66, "10-Q": 11, "10-K": 10}, "cmbs": false, "kind": "owner", "sic": "6798", "acc": "0000912242-26-000037", "doc": "mac-20260630.htm", "adjacent": true}, {"name": "Pebblebrook Hotel Trust  (PEB, PEB-PE, PEB-PF, PEB-PG, PEB-PH)", "cik": "0001474098", "n": 2, "first": "2010-11-22", "last": "2010-11-22", "forms": {"8-K": 2}, "cmbs": false, "kind": "owner", "sic": "6798", "acc": "0000950123-10-107864", "doc": "w80622exv99w2.htm", "adjacent": false}, {"name": "LaSalle Hotel Properties", "cik": "0001053532", "n": 2, "first": "2011-03-18", "last": "2012-07-18", "forms": {"8-K": 2}, "cmbs": false, "kind": "owner", "sic": "6798", "acc": "0001193125-12-306121", "doc": "d381677dex991.htm", "adjacent": false}], "other": [{"name": "MORGAN STANLEY DEAN WITTER CAP I INC DEP FOR SER 2001-TOP1", "cik": "0001133471", "n": 2, "first": "2001-02-14", "last": "2001-02-16", "forms": {"8-K": 1, "8-K/A": 1}, "cmbs": false, "kind": "other", "sic": "6189", "acc": "0000950136-01-000337", "doc": "0002.txt", "adjacent": true}, {"name": "GENESISINTERMEDIA INC", "cik": "0001071522", "n": 2, "first": "2001-08-31", "last": "2001-08-31", "forms": {"8-K": 2}, "cmbs": false, "kind": "other", "sic": "7380", "acc": "0001045447-01-500072", "doc": "exhibittwo.txt", "adjacent": true}, {"name": "NORDSTROM INC  (JWN)", "cik": "0000072333", "n": 3, "first": "2010-08-05", "last": "2010-11-15", "forms": {"8-K": 3}, "cmbs": false, "kind": "other", "sic": "5651", "acc": "0001193125-10-260655", "doc": "dex991.htm", "adjacent": false}, {"name": "ACE MARKETING & PROMOTIONS INC  (MOBQ, MOBQW)", "cik": "0001084267", "n": 2, "first": "2010-06-22", "last": "2012-03-27", "forms": {"8-K": 2}, "cmbs": false, "kind": "other", "sic": "7310", "acc": "0001019687-12-001085", "doc": "ace_8kex99-1.htm", "adjacent": false}], "forms": {"8-K": 78, "10-Q": 11, "10-K": 10, "8-K/A": 1}, "url": "https://efts.sec.gov/LATEST/search/#/q=%22Santa%20Monica%20Place%22%20%22Santa%20Monica%22&forms=10-K,10-D,8-K,10-Q,ABS-EE&dateRange=custom&startdt=2001-01-01", "retrieved": "2026-10-20", "v": 4, "adj": ["0000039911", "0000096287", "0000352363", "0000769644", "0000896985", "0000909492", "0000912242", "0001060232", "0001071522", "0001133471", "0001160858"], "adj_total": 81, "first_in_sample": null, "securitised": null, "vintage": null, "vintage_strong": false, "source": "SEC EDGAR full-text search"}, "elevation": {"elevation_ft": 70.4, "resolution": 1, "source": "USGS EPQS (3DEP)", "retrieved": "2026-10-20"}, "food_access": {"tract10": "06037701902", "urban": 1, "lila_1_10": 0, "low_access_1mi": 0, "lapop1share": 0.0, "poverty_rate": 17.638103523271003, "median_family_income": 95508.0, "snap_households": 125.0, "pop2010": 4016.0, "source": "USDA ERS Food Access Research Atlas 2019 (ArcGIS copy)", "retrieved": "2026-10-20"}, "housing_market": {"zhvi": {"latest": 871674, "month": "2026-09", "change_1y": 0.004, "change_5y": 0.131}, "zori": {"latest": 2806, "month": "2026-09", "change_1y": 0.013, "change_5y": 0.177}, "county_fips": "06037", "source": "Zillow Research (ZHVI, ZORI)"}, "jobs_lodes": {"tract20": "06037701902", "jobs": 22764, "retail_jobs": 2141, "food_accommodation_jobs": 4729, "year": 2022, "source": "Census LEHD LODES8 WAC 2022 (all jobs, primary and secondary), blocks summed to the 2020 tract", "retrieved": "2026-10-20"}, "listings": {"zip": "90401", "month": "202609", "median_listing_price": 1716250, "median_listing_price_yy": -0.0327, "active_listing_count": 21, "median_days_on_market": 98, "price_reduced_share": 0.0769, "pending_ratio": 0.0976, "source": "Realtor.com Research, inventory core metrics by ZIP (ZCTA at the site point)", "retrieved": "2026-10-20"}, "opportunity": {"tract10": "06037701902", "kfr_p25": 0.4969, "jail_p25": 0.0027, "kids_count": 86.9373, "commuting_zone": "Los Angeles", "vintage": "children born 1978-83, outcomes measured 2014-15", "source": "Opportunity Insights, Opportunity Atlas (Chetty, Friedman, Hendren, Jones, Porter 2018)", "retrieved": "2026-10-20"}, "permits": {"county": "Los Angeles County", "2024": {"units_1": 9106, "units_2_4": 1273, "units_5plus": 9430, "value_total": 3876623417}, "2023": {"units_1": 9554, "units_2_4": 1518, "units_5plus": 13214, "value_total": 5392309587}, "retrieved": "2026-10-18"}, "qcew_retail": {"county": "06037", "year": 2025, "establishments": 28960, "employment": 391331, "avg_annual_pay": 52235, "lq_employment": 0.87, "employment_change_1y": -1.7, "source": "BLS QCEW 2025 annual, county, NAICS 44-45 retail trade, private", "retrieved": "2026-10-20"}, "retail_trend": {"2012": {"estab": 28345, "emp": 386821}, "2023": {"estab": 28998, "emp": 419890}, "estab_change": 0.023, "emp_change": 0.085, "county_fips": "06037"}, "schools": {"district": "Santa Monica-Malibu Unified School District", "district_geoid": "0635700", "grades": "KG-12", "district_vintage": "SY2024-25", "public_schools_1mi": 4, "schools": ["John Muir Elementary", "Santa Monica High", "Santa Monica Alternative (K-8)", "PBL High"], "schools_vintage": "SY2023-24", "source": "NCES EDGE", "retrieved": "2026-10-20"}, "sec": {"reit": [{"filer": "Macerich", "filed": "2026-02-20", "as_of": "2025-12-31", "url": "https://www.sec.gov/Archives/edgar/data/912242/000091224226000016/mac-20251231.htm", "match": "exact", "name": "Santa Monica Place", "city": "Santa Monica", "state": "CA", "gla_sqft": 357000, "gla_inline_sqft": 357000, "year_built": 1980, "year_acquired": 1999, "year_renovated": null, "occupancy_pct": 71.2, "occupancy_basis": "leased", "sales_psf": null, "anchors": null, "ownership_pct": 100.0, "tenure": null}, {"filer": "Macerich", "filed": "2017-02-24", "as_of": "2016-12-31", "url": "https://www.sec.gov/Archives/edgar/data/912242/000091224217000003/mac-2016x1231x10k.htm", "match": "exact", "name": "Santa Monica Place", "city": "Santa Monica", "state": "CA", "gla_sqft": 517000, "gla_inline_sqft": 294000, "year_built": 1980, "year_acquired": 1999, "year_renovated": 2015, "occupancy_pct": 86.5, "occupancy_basis": "leased", "sales_psf": null, "anchors": "Bloomingdale's, Nordstrom", "ownership_pct": 100.0, "tenure": null}, {"filer": "Macerich", "filed": "2010-02-26", "as_of": "2009-12-31", "url": "https://www.sec.gov/Archives/edgar/data/912242/000104746910001497/a2196442z10-k.htm", "match": "exact", "name": "Santa Monica Place", "city": "Santa Monica", "state": "CA", "gla_sqft": 524000, "gla_inline_sqft": 300000, "year_built": 1980, "year_acquired": 1999, "year_renovated": null, "occupancy_pct": 10.0, "occupancy_basis": "leased", "sales_psf": null, "anchors": "Bloomingdale's, Nordstrom", "ownership_pct": 100.0, "tenure": null}], "absee": [], "source": "SEC EDGAR: REIT 10-K property tables and ABS-EE Exhibit 102", "retrieved": "2026-10-20"}, "storms": {"county": "06037", "years": "2016-2025", "events": 157, "by_type": {"Flash Flood": 86, "Thunderstorm 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