Westwood Financial is a Los Angeles-based retail real estate investment firm founded in 1970 by Steven Fogel and Howard Banchik. The company operates as a fully integrated owner and operator of grocery-anchored and service-oriented neighborhood shopping centers across the United States. The firm has completed over 400 transactions totaling more than $4 billion since inception, with a current portfolio exceeding 125 shopping centers and 9.5 million square feet under management across 1,500 tenants.
The company focuses on acquiring and operating retail properties in top metropolitan markets throughout the Sunbelt and select West Coast regions. Primary markets include Atlanta, Charlotte, Dallas, Denver, Jacksonville, Los Angeles, Orlando, Phoenix, and Raleigh. The portfolio is anchored by grocery retailers and service-based tenants in neighborhood and community shopping center formats. The firm operates through three investment vehicles: Westwood Property Fund (grocery-anchored centers), Value-Add Fund, and Hilgard Fund (single-tenant net lease). Markets with heavy portfolio exposure include Los Angeles, Phoenix, Atlanta, and Dallas-Fort Worth. The company maintains regional offices in Atlanta, Phoenix, and Dallas in addition to its Los Angeles headquarters.
Recent activity includes the 2024 acquisitions of Eastway Square in Charlotte, Glenwood Park in Atlanta, Trails at 620 in Austin, and Paradise Hills in Phoenix. In 2025, the firm acquired Shops at Stone Creek in Rockwall, Texas and Glenridge Springs in Sandy Springs, Georgia. The company sold Kingsbury Center in Chicago in March 2026. Westwood Financial operates with 54 confirmed entities through which it holds property ownership, according to public records.
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