Category: all-News

COVID-19 Resources for Tenants

In the wake of the Coronavirus outbreak, it is Westwood’s goal to provide information and resources to our tenants to help minimize the impact of the virus. We remain fully operational and committed to work with our tenants through this difficult time. If you have any questions or concerns about your store or shopping center,… Read more »

Westwood Financial Announces Fourth Quarter and Full Year 2020 Results

Westwood Financial, a leading retail real estate investment firm, announced updates today on its financial and operational results for the three months and twelve months ended December 31, 2020, which included: Same-Store 2020 vs 2019 NOI was -1.0% on a GAAP basis, compared to an industry average of -8.9%Executed 30 new leases totaling 75,000 square… Read more »

Westwood Announces Third Quarter 2020 Results

Westwood Financial, a leading retail real estate investment firm, announced updates today on its financial and operational results for the three months and nine months ended September 30, 2020, which included: Same-Store Q3 2020 vs Q3 2019 NOI was -3% on a GAAP basis, compared to an industry average of -13%Same-Store year-over-year occupancy as of… Read more »

Westwood Announces Second Quarter 2020 Results

LOS ANGELES, CA – Westwood Financial, a leading retail real estate investment firm, announced updates today on its results for the second quarter of 2020, which included: Executed 61 renewals totaling 137,000 square feet at a renewal spread of +8.5% Collected 87% of billed rents during the second quarter, compared to an industry average of… Read more »

Westwood Financial Announces First Quarter 2020 Results

LOS ANGELES, CA – Westwood Financial, a leading retail real estate investment firm, announced updates today on its results for the first quarter of 2020, which included: Executed 16 new leases totaling 39,000 square feet, an 85% increase over the same period in 2019Executed 46 renewals totaling 147,000 square feetIncreased small shop leased rate by… Read more »

Reopening for Business Resources

In April the White House released guidelines for “Opening Up America Again.” This is a 3-phased approach which many states are following as they begin the reopening process. These are challenging times and depending on the type of business you own; your state may have developed specific recommendations based on best practices and federal guidelines…. Read more »

Reopening Your Business After COVID-19

In the wake of COVID-19, things will look quite different as businesses begin to reopen. Social distancing and crowd limits will most likely continue as restrictions are lifted and more businesses are able to open. Now is the time to address the changing landscape and its effect on how business will be conducted. Consider what… Read more »

Westwood Announces 2019 Results

LOS ANGELES, CA – Westwood Financial, a leading retail real estate investment firm, announced updates today on its 2019 accomplishments, which included: