Articles from Westwood Financial

Westwood Financial, a 55-year-old leading retail real estate investment firm based in Los Angeles, today announced the successful sale of Quorum Plaza, a 77,319-square-foot two-story retail destination located in Addison, Texas, within the Dallas-Fort Worth-Arlington metropolitan area.

Westwood Financial, a more than 50-year-old leading retail real estate investment firm based in Los Angeles, today announces the opening of Derma Health at Camelback Village in Phoenix’s Paradise Valley neighborhood. In addition, LaLa Land Kind Cafe has signed a lease at the center and will open in 2025. With this latest momentum, Camelback Village is now 100% leased.

Westwood Financial, a leading commercial retail real estate investment firm, announced updates today on its financial and operational results for the three months ended September 30, 2024, which included:

Westwood Financial, a more than 50-year-old leading retail real estate investment firm based in Los Angeles, announced today that Mark Bratt will retire as Chief Executive Officer. Mr. Bratt has informed the Board that, after six years at the helm, he will be stepping down as CEO at year end 2024. Mr. Bratt has been Westwood’s CEO since January 2019.

Westwood Financial, a more than 50-year-old leading retail real estate investment firm based in Los Angeles, today announced it has closed on a $70 million term loan upsize to the firm’s unsecured credit facility. The upsize of Westwood Financial’s credit facility will enable the firm to significantly progress on its path to become an unsecured borrower.

Westwood Financial, a more than 50-year-old leading retail real estate investment firm based in Los Angeles, today announces The Italiano is now at Mercado del Rancho, an 89,506-square-foot Sprouts-anchored shopping center in Scottsdale, Arizona. Since acquiring the property in 1998, Westwood Financial has successfully repositioned the community-driven center, which is 100% leased, by upgrading the tenant mix.

Westwood Financial, a more than 50-year-old leading retail real estate investment firm based in Los Angeles, today announces the purchase of Trails at 620 in Austin, TX, and Paradise Hills in Phoenix, AZ. Together, the acquisitions comprise a combined 152,824 square feet of premier retail space in two of the nation’s fastest-growing markets. The acquisitions underscore Westwood Financial’s deepening foothold across the Sunbelt region and the continued growth of its portfolio.

Westwood Financial, a leading commercial retail real estate investment firm, announced updates today on its financial and operational results for the three months ended June 30, 2024, which included:

Westwood Financial, a premier commercial retail real estate investment firm, is excited to announce the acquisition of Glenwood Park in Atlanta, GA. This unique high-density, core-plus property, nestled adjacent to the Atlanta BeltLine in the upscale Glenwood Park neighborhood, stands out in the Atlanta metropolitan area. The property's key features include approximately 48,633 square feet of street-level retail space within a mixed-use development that includes 375 privately owned condos, townhomes, and 30,000 square feet of leased office space. At the time of the sale, Glenwood Park boasted an impressive 90% occupancy rate, a clear testament to its value and potential.

Westwood Financial, a leading commercial retail real estate investment firm, announced updates today on its financial and operational results for the three months ended March 31, 2024, which included:

Westwood Financial, a leading commercial retail real estate investment firm, announced updates today on its financial and operational results for the three months and full year ended December 31, 2023, which included:

Westwood Financial, a leading commercial retail real estate investment firm, announced updates today on its financial and operational results for the three months ended September 30, 2023, which included:

Westwood Financial, a leading commercial retail real estate investment firm, announced updates today on its financial and operational results for the three months ended June 30, 2023, which included:

Westwood Financial, a leading commercial retail real estate investment firm, announced the successful completion of its off-market acquisition of Northview Plaza in Dallas, Texas. This significant transaction was executed directly with existing ownership due to Westwood Financial’s excellent relationships within the shopping center industry.

Westwood Financial, a leading commercial retail real estate investment firm, is pleased to announce the recent sales of two of its assets, Sycamore Plaza and Yosemite Center. These successful transactions highlight Westwood Financial's commitment to delivering exceptional value to its investors and the strategic execution of its investment strategy.

Westwood Financial, a leading commercial retail real estate investment firm, is pleased to announce the successful sale of Ahwatukee Mercado, a well-established grocery-anchored shopping center in Phoenix, Arizona. The property was sold to a private buyer after a hold period of 3.7 years, resulting in a profitable opportunistic return and an impressive equity multiple of 2x.

Westwood Financial, a leading commercial retail real estate investment firm, announced updates today on its financial and operational results for the three months ended March 31, 2023, which included:

Westwood Financial (Westwood), a leading retail real estate investment firm, announces the promotion of senior retail executives Lauren Ball and Juyuan Wei to the company’s C-Suite. Chief Operating Officer Lauren Ball and Chief Financial Officer Juyuan Wei will support CEO Mark Bratt in steering the strategic growth of the privately held company. Both positions are effective immediately.

Westwood Financial, a leading retail real estate investment firm, has announced an essential addition to its executive team. Aaron Johnson joins Westwood as its new Senior Vice President of Transactions overseeing all acquisition and disposition efforts for the firm.

Westwood Financial, a leading retail real estate investment firm, announced today the acquisition of The Shops at Walnut Creek, a 225,224 square-foot, Super Target shadow-anchored community center in Denver, Colorado.

Westwood Financial, a leading retail real estate investment firm, announced updates today on its financial and operational results for the three months ended September 30, 2022, which included: