December 6, 2013

The Westfield Group has agreed to purchase the Port Authority of New York and New Jersey’s remaining 50% interest in the World Trade Center’s retail square footage.

October 3, 2013

Power centers have proven themselves to be a resilient asset class in recent years. First the recession cut into business. Then e-commerce leveled some of their big-box tenants, hurt others and ignited a downsizing trend. 

Yet research from Washington, D.C.-based CoStar Group shows that only 2% of power centers have vacancy rates of 40% or higher and probably won’t recover. Another 6% have vacancy rates of 20% to 40% and are in serious condition but may recover.

After all the carnage, only a little more than 2% can’t recover? How can that be?

September 19, 2012

Los Angeles -- The Westfield Group announced that David T. Weinert will join the U.S. unit of the group as senior executive VP leasing.

Weinert joins Westfield after 25 years with the Taubman Co., most recently serving as senior VP of leasing.

August 22, 2011

One-stop shopping convenience has taken on new meaning at Westfield Chicago Ridge, in Chicago Ridge, Ill., where Aldi has opened its first U.S. mall store. In May, the German discount grocer opened a supermarket inside the 800,000-sq.-ft. suburban Chicago center, a property of The Westfield Group. Except for its location, the 20,000-sq.-ft. Aldi is prototypical in most respects. 


June 21, 2011

Discount grocer Aldi has made its U.S. mall debut, opening in Westfield Chicago Ridge, an 800,000-sq.-ft. enclosed shopping center in Chicago Ridge, Ill.

June 21, 2011

Discount grocer Aldi has made its U.S. mall debut, opening in Westfield Chicago Ridge, an 800,000-sq.-ft. enclosed shopping center in suburban Chicago Ridge, Ill. The mall is a property of The Westfield Group.

December 10, 2010

The Westfield Group announced that its Westfield Old Orchard shopping center in Skokie, Ill., will change dramatically with the addition of a culinary-focused dining and green food shopping venue slated to open in summer 2011.

August 17, 2010

Shopping center owner The Westfield Group and Issaquah, Wash.-based Costco Wholesale Corp. said late Tuesday...

January 6, 2008

New York City Shopping center developer The Westfield Group announced in a letter to The...

October 18, 2007

Chattanooga, Tenn., CBL...