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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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NAR Pending Home Sales Report Shows 1.5% Increase in March

Pending home sales in March increased by 1.5% from the prior month and declined 1.1% year over year, according to the National Association of REALTORS® Pending Home Sales report.