Westfield Corp. Acquired for $16 Billion

Westfield Corp., owner of the Westfield Topanga & the Village in Woodland Hills, was acquired by French commercial real estate firm Unibail-Rodamco for $16 billion, the companies announced Tuesday. The cash-and-stock deal values each share of Westfield at $7.55, an 18 percent premium over Monday’s closing price. The combined company will control retail properties worth

Economist Says San Fernando Valley Growing Faster Than L.A. County

The San Fernando Valley is the bright spot in the Los Angeles County economy, an economist told attendees Thursday morning at the first San Fernando Valley Economic Forecast sponsored by the Business Journal and California Lutheran University. Matthew Fienup, executive director of the school’s Center for Economic Research and Forecasting, added that the Valley’s economy

Realtors Association Posts Ads Opposing Tax Reform Bill

The California Association of Realtors in Los Angeles has taken out full-page advertisements in major national news telling President Donald Trump and California’s congressional delegation that Trump’s proposed Tax Reform Plan would punish California residents should it become law. “Tax Reform shouldn’t hurt Californians, but the House of Representatives proposal does, in a big way,”