Malls · California
Lakewood Center
Lakewood Center, a California mall sold in 2025 to a developer joint venture for housing and lifestyle redevelopment pending approval. · summary, model-written
Solid = from the authors' map · outlined = public source · dashed = model-written, not yet reviewed by a person. Tap any value's source label to see where it came from. documented = a quoted excerpt (click to read it) · reported = a source named, no excerpt yet · no source.
Site profile5 elements · what this retrofit is built with · tap a chip for the evidence
Sold since 2020
This site: 2025 JV of three developers/investors research-deals · all sites with this30,000+ vehicles a day on an adjacent road
This site: 36,686 on a counted road fhwa-hpms · all sites with thisCounty permitting 2,000+ apartment units a year
This site: 9,430 units, Los Angeles County census-bps · all sites with thisCounty typical rent $2,000+
This site: $2,806/mo zillow · all sites with thisShrinking county
This site: -2.5% census-acs · all sites with thisNow
| Status | Operatingpublic reporting reported |
|---|
Deals and debt
| Date | Event | Price | Parties | Source |
|---|---|---|---|---|
| 2025-08 | Sold | $332.1M closed | JV of three developers/investors ← Macerich | The Real Deal 2025-08-27 |
Securitised debt and public filers
Filings (2001 to date) that name “Lakewood Center” and “Lakewood” (641 hits, first 100 sampled, 4 other filers such as tenants left out). Common name: these matches are unreliable. A strong match to a commercial-mortgage trust means the mall very likely backed, or backs, a securitised loan; several trusts usually means one loan split into pari-passu notes. Earliest trust filing in the sample 2005-09-01 (a sample date, not the issuance date); candidate loan vintage 2015 from the trust name. Whether the loan is still in the pool, in special servicing or repaid is in the trust's monthly distribution reports, which are not searchable here. Text matches, not a title search. Open the search · all trusts.
| Kind | Filer | Filings | Dates | Forms |
|---|---|---|---|---|
| CMBS trust (strong) | COMM 2015-CCRE24 Mortgage Trust | 29 | 2015-08-06 to 2026-03-19 | 10-K 22, 10-K/A 6, 8-K 1 |
| CMBS trust (weak) | COMM 2005-C6 | 2 | 2005-09-01 to 2005-09-22 | 8-K 1, 8-K/A 1 |
| CMBS trust (weak) | COMM 2014-CCRE18 Mortgage Trust | 1 | 2016-03-23 to 2016-03-23 | 10-K 1 |
| CMBS trust (weak) | COMM 2014-CCRE21 Mortgage Trust | 1 | 2016-03-23 to 2016-03-23 | 10-K 1 |
| CMBS trust (weak) | COMM 2014-CCRE17 Mortgage Trust | 1 | 2016-03-22 to 2016-03-22 | 10-K 1 |
| CMBS trust (weak) | COMM 2015-CCRE27 Mortgage Trust | 1 | 2016-03-22 to 2016-03-22 | 10-K 1 |
| CMBS trust (weak) | COMM 2014-CCRE15 Mortgage Trust | 1 | 2016-03-23 to 2016-03-23 | 10-K 1 |
| Public owner (strong) | MACERICH CO (MAC) | 51 | 2008-11-07 to 2026-02-20 | 8-K 42, 10-Q 6, 10-K 2, 8-K/A 1 |
As reported by the owner
Property tables from the owner's annual report (Form 10-K, Item 2) on EDGAR, one row per filing year. GLA, occupancy and anchors are the filer's own figures at that year end; “leased” counts signed leases, “occupied” counts open stores; ownership is the filer's share. Matched by name and place, unreviewed; the verbatim table row is in sec_facts.csv.
| Year end | Filer | Name in filing | GLA sq ft | Occupancy | Years | Share | Sales psf | Anchors listed |
|---|---|---|---|---|---|---|---|---|
| 2016 | Macerich 10-K, 2017-02-24 | Lakewood Center Lakewood, CA match: exact | 2,064,000 in-line 956,000 | 98.3% leased | built 1953 / acquired 1975 / renovated 2008 | 60.0% | Costco, Forever 21, Home Depot, JCPenney, Macy's, Target | |
| 2009 | Macerich 10-K, 2010-02-26 | Lakewood Center Lakewood, CA match: exact | 2,033,670 in-line 968,323 | 92.4% leased | built 1953 / acquired 1975 / renovated 2001 | 51.0% | Costco, Forever 21, Home Depot, J.C. Penney, Macy's, Target |
As reported by the loan servicer
Loan-level data the CMBS trust files monthly on EDGAR (Form ABS-EE, Exhibit 102, Schedule AL), latest filing per trust. Balance is the scheduled balance at the period end; DSCR is on net cash flow from the most recent borrower financials; appraised value is the latest valuation reported, or the one at securitisation. Several trusts for one mall usually means one loan split into pari-passu notes, each trust reporting its piece. Matched on the property name and state in the exhibit, unreviewed.
| Trust | Period end | Balance | Maturity | DSCR | Appraised | Occupied | Status |
|---|---|---|---|---|---|---|---|
| UBS Commercial Mortgage Trust 2019-C16 ABS-EE 2026-09-28 · filing match: exact | 2026-09-11 | $12.8M of $13.7M 2018-12-10 | 2029-01-06 | 1.77x NOI $1.7M | $21.0M 2018-11-12 | 100.0% | current, defeased Midland Loan Services |
- Lakewood Center (UBS Commercial Mortgage Trust 2019-C16): built 1982; renovated 2019; 107,812 sq ft NRA; tenants Raley's #341, Dollar Tree, U.S. Postal Service; originator UBS AG
Site context
| Housing permits, Los Angeles County (CA), 2024 | 9,430 units in 5+ unit buildings, 1,273 in 2–4, 9,106 single-family; 2023: 13,214 in 5+Census BPS |
|---|---|
| Other atlas sites nearby | 0 within 10 km, 27 within 25 kmcomputed |
| Retail trade in the county, 2025 (BLS QCEW) | 391,331 jobs in 28,960 establishments; average annual pay $52,235; employment location quotient 0.87; employment -1.7% on the yearBLS QCEW 2025, NAICS 44-45, private |
| Jobs located in the tract, 2022 | 5,328 jobs; 2,421 in retail trade, 1,600 in accommodation and food (workplace blocks summed to tract 06037570800)Census LEHD LODES8 WAC 2022 |
| Upward mobility (Opportunity Atlas, 2010 tract) | children of low-income (25th percentile) families reached the 46th income percentile as adults; 0.4% incarcerated at the 2010 count (410 children in the sample); born 1978–83, measured 2014–15Opportunity Insights |
| Food access (USDA FARA 2019, 2010 tract) | not a low-access tract at 1 mile; poverty rate 3.8%; median family income $102,105; 43 SNAP householdsUSDA ERS |
| Schools | Long Beach Unified School District (KG-12); 10 public schools within 1 mile: Stephen Foster Elementary; Bellflower Alternative Education Center; Intensive Learning Center; Bancroft MiddleNCES EDGE |
| Elevation | 56 ft above sea level at the site pointUSGS 3DEP |
| Storm events in the county, 2016-2025 | 157 county-logged events: 86 flash flood, 35 thunderstorm wind, 21 debris flow, 6 hail; $8,000 property damage reported; 1 direct deaths; forecast-zone events (most flood, winter and heat) not countedNOAA Storm Events |
| Homes for sale in ZIP 90712, 2026-09 | median list price $885,000 (-1.3% on the year); 21 active listings; median 39 days on market; 8% with a price cutRealtor.com Research |
| Retail trade in the county, 2012 to 2023 | 28,998 establishments (+2%); 419,890 jobs (+8%)Census CBP |
| Housing market in the county | typical home value $871,674 (+0% 1 yr, +13% 5 yr); typical rent $2,806/mo (+1% 1 yr), 2026-09Zillow Research |
| Traffic on the busiest road within 600 m (2024) | 36,686 vehicles a day (principal arterial, 4 lanes); 1,211 trucks; 21 counted segmentsFHWA HPMS |
Summary, model-written
The site opened as a mall (date not in record) and remained operating until 2025 when Macerich sold it to a joint venture of three developers/investors for $332.1 million, with plans to redevelop it for housing and lifestyle uses.
Why. The record shows the mall was sold for redevelopment, suggesting the owner viewed the property as underperforming or seeking higher‑value use; no explicit anchor loss, competition, debt, or demolition reasons are stated.
Where it stands. The mall remains listed as operating but is under contract to be redeveloped by a joint venture of three developers/investors who purchased it from Macerich in August 2025.
For a planner
- The sale signals a precedent for mall‑to‑housing redevelopment in the area.
- Planned housing and lifestyle components suggest potential use of mixed‑use zoning or incentives.
- Open questions include what zoning approvals are in place, what affordable housing obligations exist, and what infrastructure upgrades are needed.
For a developer
- Site size is not specified in the record.
- Control transferred to a joint venture of three developers/investors via the 2025 sale.
- Entitlement stage: planned housing and lifestyle components per deal notes, but approval status is not detailed.
- Constraints such as flood risk, transit access, or environmental factors are not described in the record.
- Market signals from surrounding tract data are not provided.
What we do not know yet
- Verified status is draft with only one source, indicating thin data quality.
- Missing facts: opening date, original anchor tenants, current tenant mix, site acreage, zoning designation, floodplain status, transit proximity, environmental constraints.
- Reasons for sale are limited to planned redevelopment; underlying financial or operational pressures are not stated.
- Details of the joint venture (ownership shares, track record) are not provided.
- No information on entitlements, permits, or construction timeline beyond the planned use note.
Generated by nvidia/nemotron-3-super-120b-a12b on NVIDIA API via Hermes CT from the fields, parcels, deals and context layers on this page, with no outside knowledge. It is regenerated when the record changes and has not been checked by a person. How it is made.
Elsewhere on the web
Pages with photos
- Lakewood Center 2026 commons.wikimedia.org
- 'World's Largest Shopping Center' lakewood-ca.smugmug.com
- Lakewood Center | Home shoplakewoodcenter.com
- LAKEWOOD CENTER - 191 Photos & 109 Reviews - 500 Lakewood Center … yelp.com
- Lakewood Center shopping CA flickr.com
- ✨Vintage, Arts, Architecture (1900-1980)✨ danismm.tumblr.com
- Lakewood Center to See Mixed-Use Revamp After $332M Sale vernonproper.com
- Lakewood Center | Brandmarch brandmarch.com
Search images: Google · Bing · Commons · references: ULI case studies · Google Scholar
Multifamily screen
- already in play: under construction, approved, or sold to a developer with housing plans
- county shrank -2.5% 2018–23
- median rent $1,893
Inputs: record fields (size, status) and county Census ACS 2018–2023 figures (growth, rent). How the points work. Not a recommendation.
History and original facts
| County | Los Angeles County |
|---|---|
| Census division | 9 · Pacific |
| Notes | Record created from a 2024+ transaction, listing or loan report; no retrofit recorded. |
Not yet recorded: acres, GLA, year opened, original developer, what is there now, retrofit year. Know it? Tell us.
Sources
- Macerich sells Lakewood Center mall for redevelopment · 2025-08-27
1 quoted sentence
Macerich sold the 2 million-square-foot Lakewood Center mall for $332.1 million to a joint venture of three developers and investors.