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CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
In Thousands, unless otherwise specified
12 Months Ended
Dec. 31, 2014
Dec. 31, 2013
Dec. 31, 2012
Cash flows from operating activities:      
Net income $ 1,606,931us-gaap_ProfitLoss $ 448,959us-gaap_ProfitLoss $ 366,389us-gaap_ProfitLoss
Adjustments to reconcile net income to net cash provided by operating activities:      
Loss (gain) on early extinguishment of debt, net 526us-gaap_GainsLossesOnExtinguishmentOfDebt (1,432)us-gaap_GainsLossesOnExtinguishmentOfDebt 0us-gaap_GainsLossesOnExtinguishmentOfDebt
(Gain) loss on sale or write down of assets, net (73,440)mac_GainLossonSaleorWriteDownofAssets 78,057mac_GainLossonSaleorWriteDownofAssets (28,734)mac_GainLossonSaleorWriteDownofAssets
Gain on remeasurement of assets (1,423,136)us-gaap_LiquidationBasisOfAccountingRemeasurementGainLossOnAsset (51,205)us-gaap_LiquidationBasisOfAccountingRemeasurementGainLossOnAsset (199,956)us-gaap_LiquidationBasisOfAccountingRemeasurementGainLossOnAsset
Gain on disposition of assets, net from discontinued operations 0us-gaap_DiscontinuedOperationGainLossOnDisposalOfDiscontinuedOperationNetOfTax (286,414)us-gaap_DiscontinuedOperationGainLossOnDisposalOfDiscontinuedOperationNetOfTax (50,811)us-gaap_DiscontinuedOperationGainLossOnDisposalOfDiscontinuedOperationNetOfTax
Depreciation and amortization 387,785us-gaap_DepreciationDepletionAndAmortization 383,002us-gaap_DepreciationDepletionAndAmortization 322,720us-gaap_DepreciationDepletionAndAmortization
Amortization of net premium on mortgages, bank and other notes payable (8,906)us-gaap_AmortizationOfDebtDiscountPremium (6,822)us-gaap_AmortizationOfDebtDiscountPremium (1,600)us-gaap_AmortizationOfDebtDiscountPremium
Amortization of share and unit-based plans 29,463us-gaap_ShareBasedCompensation 24,207us-gaap_ShareBasedCompensation 12,324us-gaap_ShareBasedCompensation
Straight-line rent adjustment (5,825)us-gaap_StraightLineRentAdjustments (7,987)us-gaap_StraightLineRentAdjustments (6,698)us-gaap_StraightLineRentAdjustments
Amortization of above and below-market leases (9,083)us-gaap_AmortizationOfAboveAndBelowMarketLeases (6,726)us-gaap_AmortizationOfAboveAndBelowMarketLeases (5,405)us-gaap_AmortizationOfAboveAndBelowMarketLeases
Provision for doubtful accounts 3,962us-gaap_ProvisionForDoubtfulAccounts 4,150us-gaap_ProvisionForDoubtfulAccounts 3,329us-gaap_ProvisionForDoubtfulAccounts
Income tax benefit (4,269)us-gaap_IncomeTaxExpenseBenefit (1,692)us-gaap_IncomeTaxExpenseBenefit (4,159)us-gaap_IncomeTaxExpenseBenefit
Equity in income of unconsolidated joint ventures (60,626)us-gaap_IncomeLossFromEquityMethodInvestments (167,580)us-gaap_IncomeLossFromEquityMethodInvestments (79,281)us-gaap_IncomeLossFromEquityMethodInvestments
Co-venture expense 9,490mac_IncomeLossFromCoventureOperations 8,864mac_IncomeLossFromCoventureOperations 6,523mac_IncomeLossFromCoventureOperations
Distributions of income from unconsolidated joint ventures 2,412us-gaap_EquityMethodInvestmentDividendsOrDistributions 8,538us-gaap_EquityMethodInvestmentDividendsOrDistributions 29,147us-gaap_EquityMethodInvestmentDividendsOrDistributions
Changes in assets and liabilities, net of acquisitions and dispositions:      
Tenant and other receivables (12,356)us-gaap_IncreaseDecreaseInAccountsReceivable (5,482)us-gaap_IncreaseDecreaseInAccountsReceivable (2,554)us-gaap_IncreaseDecreaseInAccountsReceivable
Other assets (15,594)us-gaap_IncreaseDecreaseInOtherOperatingAssets 7,761us-gaap_IncreaseDecreaseInOtherOperatingAssets (17,094)us-gaap_IncreaseDecreaseInOtherOperatingAssets
Due from affiliates (1,770)us-gaap_IncreaseDecreaseDueFromAffiliates 266us-gaap_IncreaseDecreaseDueFromAffiliates (1,181)us-gaap_IncreaseDecreaseDueFromAffiliates
Accounts payable and accrued expenses (123)us-gaap_IncreaseDecreaseInAccountsPayableAndAccruedLiabilities (747)us-gaap_IncreaseDecreaseInAccountsPayableAndAccruedLiabilities 13,430us-gaap_IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
Other accrued liabilities (24,735)us-gaap_IncreaseDecreaseInOtherAccruedLiabilities (5,682)us-gaap_IncreaseDecreaseInOtherAccruedLiabilities (5,093)us-gaap_IncreaseDecreaseInOtherAccruedLiabilities
Net cash provided by operating activities 400,706us-gaap_NetCashProvidedByUsedInOperatingActivities 422,035us-gaap_NetCashProvidedByUsedInOperatingActivities 351,296us-gaap_NetCashProvidedByUsedInOperatingActivities
Cash flows from investing activities:      
Acquisition of properties (15,233)us-gaap_PaymentsToAcquireRealEstate (516,239)us-gaap_PaymentsToAcquireRealEstate (1,061,851)us-gaap_PaymentsToAcquireRealEstate
Development, redevelopment, expansion and renovation of properties (185,412)us-gaap_PaymentsToAcquireAndDevelopRealEstate (158,682)us-gaap_PaymentsToAcquireAndDevelopRealEstate (142,210)us-gaap_PaymentsToAcquireAndDevelopRealEstate
Property improvements (66,718)us-gaap_PaymentsToDevelopRealEstateAssets (51,683)us-gaap_PaymentsToDevelopRealEstateAssets (45,654)us-gaap_PaymentsToDevelopRealEstateAssets
Cash acquired from acquisitions 28,890us-gaap_CashAcquiredFromAcquisition 0us-gaap_CashAcquiredFromAcquisition 0us-gaap_CashAcquiredFromAcquisition
Proceeds from note receivable 4,825us-gaap_ProceedsFromCollectionOfNotesReceivable 8,347us-gaap_ProceedsFromCollectionOfNotesReceivable 0us-gaap_ProceedsFromCollectionOfNotesReceivable
Issuance of notes receivable (65,130)us-gaap_PaymentsToAcquireNotesReceivable (13,330)us-gaap_PaymentsToAcquireNotesReceivable (12,500)us-gaap_PaymentsToAcquireNotesReceivable
Proceeds from maturities of marketable securities 0us-gaap_ProceedsFromMaturitiesPrepaymentsAndCallsOfHeldToMaturitySecurities 23,769us-gaap_ProceedsFromMaturitiesPrepaymentsAndCallsOfHeldToMaturitySecurities 1,378us-gaap_ProceedsFromMaturitiesPrepaymentsAndCallsOfHeldToMaturitySecurities
Deposit on acquisition of property 0mac_DepositsOnPaymentsToAcquireRealEstate 0mac_DepositsOnPaymentsToAcquireRealEstate (30,000)mac_DepositsOnPaymentsToAcquireRealEstate
Deferred leasing costs (28,019)us-gaap_IncreaseDecreaseInDeferredLeasingFees (27,669)us-gaap_IncreaseDecreaseInDeferredLeasingFees (30,614)us-gaap_IncreaseDecreaseInDeferredLeasingFees
Distributions from unconsolidated joint ventures 78,222mac_DistributionsOfCapitalFromUnconsolidatedEntitiesAndOther 618,048mac_DistributionsOfCapitalFromUnconsolidatedEntitiesAndOther 322,242mac_DistributionsOfCapitalFromUnconsolidatedEntitiesAndOther
Contributions to unconsolidated joint ventures (336,621)us-gaap_PaymentsToAcquireInterestInJointVenture (97,898)us-gaap_PaymentsToAcquireInterestInJointVenture (95,358)us-gaap_PaymentsToAcquireInterestInJointVenture
Collections of loans to unconsolidated joint ventures, net 2,756us-gaap_ProceedsFromPaymentsForLongTermLoansForRelatedParties 589us-gaap_ProceedsFromPaymentsForLongTermLoansForRelatedParties 650us-gaap_ProceedsFromPaymentsForLongTermLoansForRelatedParties
Proceeds from sale of assets 320,123mac_ProceedsFromSaleOfPartnershipInterestsOtherAssetsAndDiscontinuedOperationsNet 416,077mac_ProceedsFromSaleOfPartnershipInterestsOtherAssetsAndDiscontinuedOperationsNet 136,707mac_ProceedsFromSaleOfPartnershipInterestsOtherAssetsAndDiscontinuedOperationsNet
Restricted cash 6,526us-gaap_IncreaseDecreaseInRestrictedCash 70,538us-gaap_IncreaseDecreaseInRestrictedCash (6,164)us-gaap_IncreaseDecreaseInRestrictedCash
Net cash (used in) provided by investing activities (255,791)us-gaap_NetCashProvidedByUsedInInvestingActivities 271,867us-gaap_NetCashProvidedByUsedInInvestingActivities (963,374)us-gaap_NetCashProvidedByUsedInInvestingActivities
Cash flows from financing activities:      
Proceeds from mortgages, bank and other notes payable 1,204,946us-gaap_ProceedsFromIssuanceOfLongTermDebtAndCapitalSecuritiesNet 2,572,764us-gaap_ProceedsFromIssuanceOfLongTermDebtAndCapitalSecuritiesNet 3,193,451us-gaap_ProceedsFromIssuanceOfLongTermDebtAndCapitalSecuritiesNet
Payments on mortgages, bank and other notes payable (853,080)us-gaap_RepaymentsOfLongTermDebtAndCapitalSecurities (3,051,072)us-gaap_RepaymentsOfLongTermDebtAndCapitalSecurities (2,371,890)us-gaap_RepaymentsOfLongTermDebtAndCapitalSecurities
Deferred financing costs (1,267)us-gaap_PaymentsOfFinancingCosts (11,966)us-gaap_PaymentsOfFinancingCosts (15,108)us-gaap_PaymentsOfFinancingCosts
Proceeds from share and unit-based plans 1,231us-gaap_ProceedsFromStockPlans 1,188us-gaap_ProceedsFromStockPlans 1,263us-gaap_ProceedsFromStockPlans
Proceeds from stock offerings 0us-gaap_ProceedsFromIssuanceOfCommonStock 173,011us-gaap_ProceedsFromIssuanceOfCommonStock 177,896us-gaap_ProceedsFromIssuanceOfCommonStock
Payment of stock issuance costs (5,503)us-gaap_PaymentsOfStockIssuanceCosts (1,909)us-gaap_PaymentsOfStockIssuanceCosts (2,247)us-gaap_PaymentsOfStockIssuanceCosts
Exercise of stock warrants 0us-gaap_PaymentsForRepurchaseOfOtherEquity 0us-gaap_PaymentsForRepurchaseOfOtherEquity (7,371)us-gaap_PaymentsForRepurchaseOfOtherEquity
Redemption of noncontrolling interests (236)us-gaap_PaymentsToMinorityShareholders (1,066)us-gaap_PaymentsToMinorityShareholders (86)us-gaap_PaymentsToMinorityShareholders
Contributions from noncontrolling interests 0us-gaap_ProceedsFromMinorityShareholders 4,140us-gaap_ProceedsFromMinorityShareholders 379us-gaap_ProceedsFromMinorityShareholders
Purchase of noncontrolling interest (55,867)us-gaap_ProceedsFromPaymentsToMinorityShareholders 0us-gaap_ProceedsFromPaymentsToMinorityShareholders 0us-gaap_ProceedsFromPaymentsToMinorityShareholders
Payment of contingent consideration (18,667)mac_PaymentsofContingentConsideration 0mac_PaymentsofContingentConsideration 0mac_PaymentsofContingentConsideration
Dividends and distributions (385,725)us-gaap_PaymentsOfDividendsCommonStock (355,506)us-gaap_PaymentsOfDividendsCommonStock (326,185)us-gaap_PaymentsOfDividendsCommonStock
Distributions to co-venture partner (15,555)mac_DistributionsToCoVenturePartner (19,564)mac_DistributionsToCoVenturePartner (39,479)mac_DistributionsToCoVenturePartner
Net cash (used in) provided by financing activities (129,723)us-gaap_NetCashProvidedByUsedInFinancingActivities (689,980)us-gaap_NetCashProvidedByUsedInFinancingActivities 610,623us-gaap_NetCashProvidedByUsedInFinancingActivities
Net increase (decrease) in cash and cash equivalents 15,192us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease 3,922us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease (1,455)us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease
Cash and cash equivalents, beginning of year 69,715us-gaap_CashAndCashEquivalentsAtCarryingValue 65,793us-gaap_CashAndCashEquivalentsAtCarryingValue 67,248us-gaap_CashAndCashEquivalentsAtCarryingValue
Cash and cash equivalents, end of year 84,907us-gaap_CashAndCashEquivalentsAtCarryingValue 69,715us-gaap_CashAndCashEquivalentsAtCarryingValue 65,793us-gaap_CashAndCashEquivalentsAtCarryingValue
Supplemental cash flow information:      
Cash payments for interest, net of amounts capitalized 186,877us-gaap_InterestPaidNet 195,129us-gaap_InterestPaidNet 174,089us-gaap_InterestPaidNet
Non-cash investing and financing activities:      
Accrued development costs included in accounts payable and accrued expenses and other accrued liabilities 83,108us-gaap_ConstructionInProgressExpendituresIncurredButNotYetPaid 41,334us-gaap_ConstructionInProgressExpendituresIncurredButNotYetPaid 26,322us-gaap_ConstructionInProgressExpendituresIncurredButNotYetPaid
Acquisition of property by issuance of common stock 1,166,777mac_NonCashAcquisitionofPropertyIssuanceofCommonStock 0mac_NonCashAcquisitionofPropertyIssuanceofCommonStock 30,000mac_NonCashAcquisitionofPropertyIssuanceofCommonStock
Conversion of Operating Partnership Units to common stock 2,410us-gaap_ConversionOfStockAmountConverted1 12,984us-gaap_ConversionOfStockAmountConverted1 26,991us-gaap_ConversionOfStockAmountConverted1
Acquisition of properties by assumption of mortgage note payable and other accrued liabilities 1,414,659us-gaap_NoncashOrPartNoncashAcquisitionDebtAssumed1 257,064us-gaap_NoncashOrPartNoncashAcquisitionDebtAssumed1 420,123us-gaap_NoncashOrPartNoncashAcquisitionDebtAssumed1
Mortgage notes payable settled in deed-in-lieu of foreclosure 0us-gaap_NotesReduction 84,000us-gaap_NotesReduction 185,000us-gaap_NotesReduction
Mortgage notes payable assumed by buyers in sales of properties 31,725mac_NotesReductionSaleofProperties 224,737mac_NotesReductionSaleofProperties 0mac_NotesReductionSaleofProperties
Note receivable issued in connection with sale of property 9,603us-gaap_NotesIssued1 0us-gaap_NotesIssued1 0us-gaap_NotesIssued1
Acquisition of property in exchange for settlement of notes receivable 14,120mac_NonCashAcquisitionofPropertySettlementofNotesReceivable 0mac_NonCashAcquisitionofPropertySettlementofNotesReceivable 0mac_NonCashAcquisitionofPropertySettlementofNotesReceivable
Acquisition of property in exchange for investment in unconsolidated joint venture 15,767mac_NonCashorPartNoncashAcquisitionInvestmentinUnconsolidatedJointVenture 0mac_NonCashorPartNoncashAcquisitionInvestmentinUnconsolidatedJointVenture 0mac_NonCashorPartNoncashAcquisitionInvestmentinUnconsolidatedJointVenture
Contingent consideration in acquisition of property 10,012us-gaap_BusinessCombinationContingentConsiderationArrangementsChangeInAmountOfContingentConsiderationAsset1 0us-gaap_BusinessCombinationContingentConsiderationArrangementsChangeInAmountOfContingentConsiderationAsset1 0us-gaap_BusinessCombinationContingentConsiderationArrangementsChangeInAmountOfContingentConsiderationAsset1
Assumption of mortgage notes payable and other liabilities from unconsolidated joint ventures 0us-gaap_LiabilitiesAssumed1 54,271us-gaap_LiabilitiesAssumed1 0us-gaap_LiabilitiesAssumed1
Application of deposit to acquire property $ 0mac_ApplicationOfDepositsOnPaymentsToAcquireRealEstate $ 30,000mac_ApplicationOfDepositsOnPaymentsToAcquireRealEstate $ 0mac_ApplicationOfDepositsOnPaymentsToAcquireRealEstate