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Westwood Financial Corp. Purchases Lakewood Colonial Center

WASHINGTON, D.C. - April 25, 2013 - (RealEstateRama) -- Westwood Financial Corp., one of the largest owner-operators of shopping centers in the U.S., has purchased the Lakewood Colonial Center, a 114,691-square-foot retail center in Lakewood, giving the company its second shopping center in the state. The transaction was purchased REO from a local bank and was closed in under two weeks.

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New Home Sales Rise in September as Mortgage Rates Ease

Home buyers moved off the sidelines in September following the Federal Reserve’s recent move to cut interest rates for the first time in four years. Sales of newly built, single-family homes in