The owner of Westfield malls, familiar to passersby for decades for their bright-red logo signs, plans to sell all its properties in the U.S. as pandemic fears have sped changes to how people shop.
Among the company's malls in the Los Angeles area are such high-profile properties as Westfield Century City, Westfield Santa Anita in Arcadia and Westfield Topanga & the Village in Warner Center.
Unibail-Rodamco bought Westfield Corp. for nearly $16 billion four years ago. Unibail-Rodamco-Westfield, as the Paris company is now known, intends to bet its future on Europe, where it is the largest owner of shopping centers.
