Macerich Scraps RH Complex at Broadway Plaza in Walnut Creek, Will Subdivide Neiman Marcus Box

Macerich has abandoned the RH luxury retail complex once planned for the vacant Neiman Marcus building at Walnut Creek's Broadway Plaza, with Chief Executive Officer Jackson Hsieh telling analysts the center is short enough on space that carving the box into smaller shops will out-earn what the furniture retailer would have paid.