SECURITIES AND EXCHANGE COMMISSION

                              WASHINGTON, DC 20549
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                                    FORM 8-K


                                 CURRENT REPORT
                     PURSUANT TO SECTION 13 OR 15(d) OF THE
                       SECURITIES AND EXCHANGE ACT OF 1934


          Date of report (Date of earliest event reported June 14, 1999
                                 (June 2, 1999)

                              THE MACERICH COMPANY
                             -----------------------
               (Exact Name of Registrant as Specified in Charter)

                           Maryland 1-12504 95-4448705
                      --------------------------------------
(State or Other Jurisdiction                      (Commission IRS Employer
of Incorporation) file Number)                    Identification No.)


            401 Wilshire Boulevard, Suite 700, Santa Monica, CA 90401
                      --------------------------------------
                    (Address of Principal Executive Offices)


        Registrant's telephone number, including area code (310) 394-6000


                                       N/A
                      --------------------------------------
          (Former Name or Former Address, if Changed Since Last Report)





Item 5.           Other Events


On June 2, 1999, Macerich Cerritos,  LLC, an indirect subsidiary of The Macerich
Company (the "Registrant"), acquired a 100% interest in Los Cerritos Center from
Westfield  America,  Inc. (the  "Seller"),  through an asset sale.  Los Cerritos
Center is a 1,306,000  square foot super  regional  shopping  center  located in
Cerritos,  California.  The assets acquired  include,  among other things,  real
property,  the  buildings  and  improvements  located  thereon,   certain  lease
interests, tangible and intangible personal property and rights related thereto.

The purchase  price was  approximately  $188 million and was  determined in good
faith,  arms length  negotiations  between the  Registrant  and the Seller.  The
purchase price was funded with the placement of a $120 million first mortgage on
the property and the proceeds raised through the incurrence of other debt by the
Registrant.

In  negotiating  the purchase  price,  the  Registrant  considered,  among other
factors,  the historical and projected cash flow of the  properties,  the nature
and term of existing  tenancies and leases,  the current  operating  costs,  the
expansion  availability,  the physical condition of the properties and the terms
and conditions of available  financing.  The Registrant  obtained no independent
appraisals.  The Registrant intends to continue operating the shopping center as
currently  operated  and  leasing  the  space  therein  to  national  and  local
retailers.
















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                                   SIGNATURES


Pursuant to the  requirements  of the  Securities  and Exchange Act of 1934, The
Macerich  Company  has duly caused this report to be signed on its behalf by the
undersigned,  hereunto duly  authorized,  in the City of Santa Monica,  State of
California, on June 14, 1999.


                                                   THE MACERICH COMPANY




                                          By:      /s/Thomas O'Hern
                                                   --------------------
                                                   Thomas O'Hern
                                                   Executive Vice President and
                                                   Chief Financial Officer


















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                                   SIGNATURES


Pursuant to the  requirements  of the  Securities  and Exchange Act of 1934, The
Macerich  Company  has duly caused this report to be signed on its behalf by the
undersigned,  hereunto duly  authorized,  in the City of Santa Monica,  State of
California, on June 14, 1999.


                                                   THE MACERICH COMPANY




                                          By:      ________________________
                                                   Thomas O'Hern
                                                   Executive Vice President and
                                                   Chief Financial Officer
















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