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Westwood Financial Announces Third Quarter 2021 Results
LOS ANGELES, CA – 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, 2021, which included: Same-property Q3 2021 compared to Q3 2020 revenue and NOI was +7.5% and +2.1% on a GAAP basis, respectivelyExecuted 28 new leases totaling... Read more »
Main Street at Town Center Gets a New Look!
Main Street at Town Center, home to Westwood’s Atlanta office, is getting a new look! Retailers are excited as the entire center undergoes a much-needed update with fresh paint, new facades, and landscaping. Roof lines are being painted black and the front facia over the small shop spaces is being replaced with a new, sleek,... Read more »
September Retail Sales Unexpectedly Rises 0.7%
Americans continued to spend in September despite rising prices. The U.S. Commerce Department reported Friday, October 15 a seasonally adjusted increase of 0.7% in retail sales totaling $624 billion. This is the second straight month of gains following a 0.9% increase in August. Despite the rising cost of food, grocery stores saw a 0.7% increase... Read more »
Salad and Go is Coming to Watauga Towne Center
Westwood is pleased to welcome Salad and Go to Watauga Towne Center in Watauga, Texas. The drive-thru salad concept which began in Arizona, serves made-to-order salads, breakfast burritos, soup, homemade lemonade, tea, and cold brew coffee. They currently have 3 locations in the DFW area with 2 more scheduled to open this summer. They will... Read more »
HILGARD™ STNL Fund Adds Dollar General to its Portfolio
Westwood Financial’s HILGARD™ STNL Fund announced today, the acquisition of a Dollar General in Georgia. The 9,100 SF property marks the Fund’s seventh addition to its single tenant net lease portfolio since its inception in July. Built in 2020 and located in Douglasville, a popular commuter suburb of Atlanta, the property sits adjacent to a... Read more »
HILGARD™ STNL Fund Acquires Two New Assets
Westwood Financial’s HILGARD™ Fund has acquired two new assets. A 1,950 SF Starbucks drive-thru in Floresville, TX and a 3,500 SF Aspen Dental located in Rock Hill, SC which is an outparcel of Cherry Road Crossing, a Westwood Property Fund asset. Congratulations to our amazing Transactions Team! Formed earlier this year, The HILGARD™ Fund is... Read more »
Meet Westwood’s New Director of Construction & Tenant Coordination
We are excited to welcome Renaldo Gallagher to our Atlanta office as our new Director of Construction and Tenant Coordination. Renaldo brings with him over 15 years of experience in construction, real estate development, and tenant coordination. He has represented owners, tenants, and vendors and has worked with some of the top real estate developers... Read more »
Westwood Adds Two Sonic Drive-Ins to Hilgard STNL Fund
Westwood Financial announced the acquisition of two Sonic Drive-In sale leasebacks. Both properties were built in 2008 and are located in east Texas in Jasper and Woodville. This acquisition adds two more assets to our newly launched Hilgard STNL Fund. Congrats to our exceptional Transactions Team!
Meet Our Newest Team Member, Katherine Allen
Katherine Allen joins Westwood Financial working in the role of Leasing Director. Prior to working at Westwood, she was at SITE Centers where she worked for the past 7 years as a Leasing Director in the Southeast Leasing Department. There she began her career as an Administrative Assistant working her way up to Leasing Director... Read more »
Westwood Welcomes Alison Mund to the Team
Alison joins Westwood’s Atlanta office working in the role of Leasing Paralegal. She comes to us from The Shopping Center Group (TSCG) where she worked for the past 4 years handling lease administration and the drafting and negotiating of contracts for the Property Management division. Prior to her time a TSCG, Alison worked in the... Read more »
Westwood Financial Announces Second Quarter 2021 Results
LOS ANGELES, CA – Westwood Financial, a leading retail real estate investment firm, announced updates today on its financial and operational results for the three months ended June 30, 2021, which included: Same-property Q2 2021 compared to Q2 2020 revenue and NOI was +7.5% and +7.9% on a GAAP basis, respectivelyExecuted 19 new leases totaling... Read more »
Summer Moon Coffee Coming to the Village at Preston Hollow
Westwood is pleased to welcome Summer Moon Coffee to the Village at Preston Hollow in Dallas. This Austin-based coffee house uses a special wood-fired coffee roasting process and signature sweet cream to create a distinctive, one-of-a-kind coffee experience. Congratulations to Mark Wohlstadter, our Regional Leasing Director, and the entire Westwood leasing team for putting this... Read more »
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