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Shuffle Board: Zac Posen Named Creative Director of Gap, VF Corp CFO Exits

Zan Posen joins Gap Inc. as creative director of Gap and chief creative officer of Old Navy while Matthew Puckett has stepped down as CFO of VF Corp. ....

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Strong Mid-Cap Insider Buys: Q3 2022

We bring you the latest update in our recurring series on companies that enjoy major corporate insider interest over the most recent quarter. Click here to read more. ....

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Macerich Sells Phoenix Mall To Developer For $100M

Macerich president Edward Coppola and a rendering of the redevelopment in Pheonix (Macerich/City of Pheonix)
Macerich Company has sold a Phoenix mall for $100 million, as the mall REIT continues to battle back from a withering year of losses.
The buyer is a joint venture affiliated with Red Development, according to the Los Angeles Business Journal.
Santa Monica-based Macerich retained a 5 percent interest in the JV, which plans to redevelop the Paradise Valley Mall, on property that encompasses 92 acres, into a mixed-use complex.
The redevelopment plan includes adding 3.25 million square feet of multifamily buildings, office space, and retail including a grocery store and restaurants. The mall was built in 1978 and was recently rezoned. ....

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