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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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Rep. Kelly on frozen funds for Red Line Extension project

U.S. Rep. Robin Kelly (IL-02) strongly condemned the withholding of federal funds for Chicago infrastructure projects, which includes $1.9 billion she secured for the Red Line Extension project to build the first CTA stop in the Second District.