Canoga Park, Los Angeles
Canoga Park is a neighborhood in the San Fernando Valley region of Los Angeles, United States. Its 60,000+ residents are considered to be "highly diverse" ethnically. Before the Mexican–American War, the district was part of a rancho, after the American victory it was converted into wheat farms and subdivided, with part of it named Owensmouth as a town founded in 1912, it joined Los Angeles in 1917 and was renamed Canoga Park on March 1, 1931, thanks to the efforts of local civic leader Mary Logan Orcutt. The area of present-day Canoga Park was the homeland of Native Americans in the Tongva-Fernandeño and Chumash-Venturaño tribes, that lived in the Simi Hills and along to the tributaries of the Los Angeles River, they traded with the north Valley Tataviam-Fernandeño people. Native American civilizations inhabited the Valley for an estimated 8,000 years, their culture left the Burro Flats Painted Cave nearby. From 1797 to 1846 the area was part of Mission San Fernando Rey de España. After the Mexican War of Independence from Spain the'future Canoga Park' land became part of Rancho Ex-Mission San Fernando.
In 1845, a land grant for the separate and rich Rancho El Escorpión was issued by Governor Pío Pico to three Chumash people, Odón Eusebia, his brother-in-law Urbano, Urbano's son Mañuel. It was located in the area west of Fallbrook Avenue and called Platt Ranch. In 1863 the syndicate San Fernando Homestead Association led by Isaac Lankershim and Isaac Van Nuys purchased the southern half of the historic San Fernando Valley, they established seven wheat ranch operations and were the first to ship wheat to Europe from California. In 1869 Alfred Workman acquired the westernmost ranch, a 13,000 acres wheat farm in future Canoga Park. Eucalyptus trees were introduced into the San Fernando Valley by Albert Workman, who imported seedlings from his native Australia and planted them on the Workman Ranch. In time, they spread though the Canoga Park area ranches and beyond, it has been said. In 1909 the Suburban Homes Company, a syndicate led by H. J. Whitley, general manager of the Board of Control, along with Harry Chandler, H. G. Otis, M. H. Sherman and O. F. Brandt purchased 48,000 acres of the Farming and Milling Company for $2,500,000.
Henry E. Huntington, extended his Pacific Electric Railway through the Valley to Owensmouth; the Suburban Home Company laid out plans for roads and the towns of Van Nuys and Canoga Park. The rural areas were annexed into the city of Los Angeles in 1915; the entire south San Fernando valley, from Roscoe Blvd south to the hills, with certain exceptions, were to be subdivided in anticipation of the Los Angeles aqueduct's completion in 1913. The purchasers of the land included Harry Chandler and Harrison Gray Otis of the Los Angeles Times, Moses Sherman, Hobart Johnstone Whitley, an all purpose real estate developer who, from a start in the Land Rush of 1889 in Oklahoma to platting out 140 towns, including Hollywood; the area was named Owensmouth by Los Angeles Suburban Home Company by general manager Hobart Johnstone Whitley as a sales tactic in that the town would be the new mouth of the Owens River, after the Los Angeles Aqueduct would be completed the next year. The town was founded on March 30, 1912, the Suburban Home Company contracted with the Janss Investment Company, to sell properties.
A pre-development scheme brought Pacific Electric streetcars and an all purpose highway out all the way from Hollywood through Cahuenga Pass, through the subdivided Van Nuys. Highlighting the "opening day barbecue" was the display of the "Owensmouth Baby", a racecar that could go up and down the paved Sherman Way at the incredible speed of 35 mph. Owensmouth, as the junior San Fernando Valley city to Van Nuys, promoted itself with the "baby" motif—using storks in their advertisement; the "baby city" of the Valley remained a small community. The lack of an independent water supply made annexation to the City of Los Angeles inevitable, on February 26, 1917, it joined with its larger neighbor; the name was changed to Canoga Park in 1931. The area's zoning was rural/agricultural and its industry was small farms involved in the production of fruits and melons, some livestock, horses, a movie/television studio, a stunt location; the Canoga Park Airstrip occupied the area now known as "Warner Center".
In 1955, Rocketdyne a division of North American Aviation, moved into the area. It became a major employer along with the Atomics International and Santa Susana Field Laboratory divisions. Other aerospace companies followed: including Atomics International, Thompson Ramo Wooldridge-TRW, Hughes Aircraft, Rockwell International and Teledyne. Small machine shops and other ancillary businesses sprang up to service the aerospace industry; the facility is operated by Aerojet Rocketdyne, is the only remaining aerospace industry. The Santa Susana Field Lab property has been closed and will be undergoing an extensive environmental cleanup, become an open-space park. In 1987 much of the western district of Canoga Park was renamed West Hills and a portion of the eastern district was renamed Winnetka. On June 25, 2005, Canoga Park was named an All-America City. Canoga Park is bordered by Woodland Hills on the south, West Hills on the west, Chatsworth on the north, Winnetka on the east. Bell and Dayton Creeks flowing from the Simi Hills, Arroyo Calabasas from the Santa Monica Mounta
Eastmont Town Center
Eastmont Town Center is a shopping mall and social services hub located on 33 acres bounded by Foothill Boulevard, Bancroft and 73rd Avenues, Church Street, in the Frick neighborhood of East Oakland. The mall opened in 1970 on the site of a 1920s-era Chevrolet automobile factory called Oakland Assembly. Architect William Pereira designed the building, it is physically next to, by entry access a few blocks away from the sized Evergreen Cemetery. Known as Eastmont Mall, the mall was a popular and used shopping destination during most of the 1970s and 1980s, but declined by the 1990s due to a huge drop in the average income level, a concurrent increase in the crime rate in the mall and the surrounding neighborhoods. Eastmont's primary anchor tenants were JCPenney, Woolworth's, Pay'n Save and Kinney Shoes, one of the nation's leading shoe retailers at the time. Hickory Farms had a location in Eastmont Mall, there were branches of Smiths and Roos/Atkins, both popular regional men's clothing stores.
The mall housed a Syufy movie theater, opened in 1971, with four screens. Food choices included Orange Julius and the H. Salt Esquire fast-food seafood chain; the Safeway store was part of the first phase of the mall, a freestanding location fronting Bancroft Avenue, opened in the spring of 1966. The other stores adjacent to it were opened by 1967; the JCPenney wing began construction in 1968. Eastmont's JCPenney store was notable in that the signage for it, outdoors and at the inside entrances, was never converted to the "JCPenney" logo, rendered in the Helvetica font, introduced chain-wide in 1970 and installed in all subsequently built Bay Area locations; this may have been intentionally done by JCPenney to protect the trademark on the older logo. Eastmont Mall became the only remaining indoor mall in Oakland after the closure of the MacArthur-Broadway Center in North Oakland in the mid-1990s. JCPenney and Mervyns closed their Eastmont locations in the early 1990s. In the early 2000s, the mall had fallen into bankruptcy.
Local real estate developers purchased the mall in 2000, emphasized a focus on neighborhood and community services. The Mervyns location was converted into a substation for the Oakland Police Department and the JCPenney location was converted into a joint City of Oakland/Alameda County social services center. A handful of existing retail tenants stayed on, a few new ones were attracted due to the success of the renovations, including Gazzali's Market, the only supermarket to serve the surrounding neighborhoods. In the spring of 2007, the mall was sold to a group of real estate investors based in Oregon. A $6 million renovation of the property was completed in July 2008; the interior was brightened, new lighting and seating areas were installed and elevators were given an upgrade and the parking areas received new landscaping. The mall houses the supermarket, a Social Security office, a branch of the Oakland Public Library, a primary care medical clinic operated by the Alameda County Medical Center, General Assistance and WIC offices, other small businesses and social service organizations.
Eastmont was sold for $54.5 million in 2015 to Vertical Ventures, a private equity investment firm based in Walnut Creek. The Eastmont Transit Center bus station adjacent to the mall opened on March 4, 2001; the Eastmont Transit Center is the second largest bus station in East Oakland after Fruitvale station, serving 15 routes that carry over 25,000 passengers a day combined. The following AC Transit routes serve the Eastmont Transit Center station: Local routes 40, 45, 57, 73, 98 Limited-stop Transbay route NL All Nighter routes 805 and 840 Transbay Express routes NX3 and NXC School routes 638, 657, 680 Special service route 356The fare free Alameda County East Oakland Shuttle connects the Social Security Administration Office at Eastmont Town Center with Oakland Coliseum station. "How shopping mall became the Eastmont Town Center".
Sears and Company, colloquially known as Sears, is an American chain of department stores founded by Richard Warren Sears and Alvah Curtis Roebuck in 1893, reincorporated by Richard Sears and new partner Julius Rosenwald in 1906. Based at the Sears Tower in Chicago and headquartered in Hoffman Estates, the operation began as a mail ordering catalog company and began opening retail locations in 1925; the first location was in Indiana. In 2005, the company was bought by the management of the American big box chain Kmart, which formed Sears Holdings upon completion of the merger. Sears had the largest domestic revenue of any retailer in the United States until October 1989, when Walmart surpassed it. In 2018, Sears was the 31st-largest retailer in the United States. After several years of declining sales, its parent company filed for Chapter 11 bankruptcy on October 15, 2018. Sears announced on January 16, 2019 it had won its bankruptcy auction and would shrink and remain open with about 400 stores.
In 1863, Richard Warren Sears was born in Stewartville, Minnesota to a wealthy family, which moved to nearby Spring Valley. In 1879, Sears' father died shortly after losing the family fortune in a speculative stock deal. Sears moved across the state to work as a railroad station agent in North Redwood, as well as in Minneapolis. While in North Redwood, a jeweler received an impressive shipment of watches. Sears purchased them sold them at a low price to the station agents and made a considerable profit, he started a mail-order watch business in Minneapolis in 1886, calling it "R. W. Sears Watch Company." Within the first year, he met Alvah C. Roebuck, a watch repairman; the next year Roebuck relocated the business to Chicago. In 1887, R. W. Sears Watch Company published Richard Sears' first mail-order catalog, offering watches and jewelry. In 1889 Sears sold his business for US$100,000 and relocated to Iowa, intending to be a rural banker. Sears returned to Chicago in 1892 and established a new mail-order firm, again selling watches and jewelry, with Roebuck as his partner, operating as the A. C. Roebuck watch company.
In 1893, they renamed the company to Sears, Roebuck & Company and began to diversify the product lines offered in their catalogs. Before the Sears catalog, farmers near small rural towns purchased supplies—often at high prices and on credit—from local general stores with narrow selections of goods. Prices were relied on the storekeeper's estimate of a customer's creditworthiness. Sears took advantage of this by publishing catalogs offering customers a wider selection of products at stated prices. By 1894, the Sears catalog had grown to 322 pages, including many new items such as sewing machines, sporting goods, automobiles. By 1895, the company was producing a 532-page catalog. Sales were greater than $400,000 in 1893 and more than $750,000 two years later. By 1896, dolls and groceries had been added to the catalog. Despite the strong and growing sales, the national Panic of 1893 led to a full-scale recession, causing a cash squeeze and large quantities of unsold merchandise by 1895. Roebuck decided to quit, returning in a publicity role.
Sears offered Roebuck's half of the company to Chicago businessman Aaron Nusbaum, who in turn brought in his brother-in-law Julius Rosenwald, to whom Sears owed money. In August 1895, they bought Roebuck's half of the company for $75,000; the company was reincorporated in Illinois with a capital stock of $150,000 in August 1895. The 1895 transaction was handled by Albert Henry Loeb of Chicago law firm Adler. Copies of the transaction documents are now displayed on the walls of the law firm. Sears and Rosenwald got along well with each other, but not with Nusbaum. Rosenwald brought to the mail-order firm a rational management philosophy and diversified product lines: dry goods, consumer durables, hardware and nearly anything else a farm household could desire. Sales continued to grow and the prosperity of the company and their vision for greater expansion led Sears and Rosenwald to take the company public in 1906, with a stock placement of $40 million, they had to incorporate a new company in order to bring the operation public.
The current company inherits the history of the old company, celebrating the original 1892 incorporation, rather than the 1906 revision, as the start of the company. Sears' successful 1906 initial public offering marks the first major retail IPO in American financial history and represented a coming of age, financially, of the consumer sector; the company traded under the ticker symbol S, was a component of the Dow Jones Industrial Average from 1924 to 1999. In 1906, Sears opened its catalog plant and the Sears Merchandise Building Tower in Chicago's West Side; the building was the anchor of what would become the massive 40-acre Sears and Company Complex of offices and mail-order operations at Homan Avenue and Arthington Street. The complex served as corporate headquarters until 1973, when the Sears Tower was completed and served as the base of the mail-order catalog business until 1993. By 1907, under Rosenwald's leadersh
Sunvalley Shopping Center
Sunvalley Shopping Center, or more popularly "Sunvalley Mall", is a regional shopping center located in Concord, California. Located off Interstate 680, Sunvalley is owned and operated by the Taubman Company and is anchored by Macy's, JCPenney, Sears; the total square footage of the mall is 1,333,000 square feet. At the time of its construction, Sunvalley Shopping Center was the largest air-conditioned shopping center in the world; the shopping center is 1,333,000 square feet. Among the tenants in the Mall's early days were a Worlds Fare food court made up of international restaurants but including staples like donuts and Kentucky Fried Chicken. On December 23rd, 1985, a twin-engine light plane crashed into the mall after missing its initial landing attempt at nearby Buchanan Field. Seven people died, including three on the plane, seventy-seven were injured; the accident caused $3.5 million in damages to the mall. In 1991, the Center completed a two-year $40 million renovation which included installing 198 skylights, Italian marble walkways and chrome and glass railings.
In 2012, Sunvalley Shopping Center completed a multimillion-dollar renovation, which included new stylish mall entrances with illuminated signage and landscaping. Parking amenities were enhanced with energy-efficient LED lighting on the upper east parking deck, new exterior directional signage and landscaping. Inside the center, Grand Court was renovated with the addition of comfortable new seating, landscaping and a full-service Customer Service Desk; the amount of seating throughout the center was doubled and new faux landscaping was installed. Official website
Los Angeles Times
The Los Angeles Times is a daily newspaper, published in Los Angeles, since 1881. It has the fourth-largest circulation among United States newspapers, is the largest U. S. newspaper not headquartered on the East Coast. The paper is known for its coverage of issues salient to the U. S. West Coast, such as immigration trends and natural disasters, it has won more than 40 Pulitzer Prizes for its coverage of other issues. As of June 18, 2018, ownership of the paper is controlled by Patrick Soon-Shiong, the executive editor is Norman Pearlstine. In the nineteenth century, the paper was known for its civic boosterism and opposition to unions, the latter of which led to the bombing of its headquarters in 1910; the paper's profile grew in the 1960s under publisher Otis Chandler, who adopted a more national focus. In recent decades, the paper's readership has declined and it has been beset by a series of ownership changes, staff reductions, other controversies. In January 2018, the paper's staff voted to unionize, in July 2018 the paper moved out of its historic downtown headquarters to a facility near Los Angeles International Airport.
The Times was first published on December 4, 1881, as the Los Angeles Daily Times under the direction of Nathan Cole Jr. and Thomas Gardiner. It was first printed at the Mirror printing plant, owned by Jesse Yarnell and T. J. Caystile. Unable to pay the printing bill and Gardiner turned the paper over to the Mirror Company. In the meantime, S. J. Mathes had joined the firm, it was at his insistence that the Times continued publication. In July 1882, Harrison Gray Otis moved from Santa Barbara to become the paper's editor. Otis made the Times a financial success. Historian Kevin Starr wrote that Otis was a businessman "capable of manipulating the entire apparatus of politics and public opinion for his own enrichment". Otis's editorial policy was based on civic boosterism, extolling the virtues of Los Angeles and promoting its growth. Toward those ends, the paper supported efforts to expand the city's water supply by acquiring the rights to the water supply of the distant Owens Valley; the efforts of the Times to fight local unions led to the October 1, 1910 bombing of its headquarters, killing twenty-one people.
Two union leaders and Joseph McNamara, were charged. The American Federation of Labor hired noted trial attorney Clarence Darrow to represent the brothers, who pleaded guilty. Otis fastened a bronze eagle on top of a high frieze of the new Times headquarters building designed by Gordon Kaufmann, proclaiming anew the credo written by his wife, Eliza: "Stand Fast, Stand Firm, Stand Sure, Stand True." Upon Otis's death in 1917, his son-in-law, Harry Chandler, took control as publisher of the Times. Harry Chandler was succeeded in 1944 by his son, Norman Chandler, who ran the paper during the rapid growth of post-war Los Angeles. Norman's wife, Dorothy Buffum Chandler, became active in civic affairs and led the effort to build the Los Angeles Music Center, whose main concert hall was named the Dorothy Chandler Pavilion in her honor. Family members are buried at the Hollywood Forever Cemetery near Paramount Studios; the site includes a memorial to the Times Building bombing victims. The fourth generation of family publishers, Otis Chandler, held that position from 1960 to 1980.
Otis Chandler sought legitimacy and recognition for his family's paper forgotten in the power centers of the Northeastern United States due to its geographic and cultural distance. He sought to remake the paper in the model of the nation's most respected newspapers, notably The New York Times and The Washington Post. Believing that the newsroom was "the heartbeat of the business", Otis Chandler increased the size and pay of the reporting staff and expanded its national and international reporting. In 1962, the paper joined with The Washington Post to form the Los Angeles Times–Washington Post News Service to syndicate articles from both papers for other news organizations, he toned down the unyielding conservatism that had characterized the paper over the years, adopting a much more centrist editorial stance. During the 1960s, the paper won four Pulitzer Prizes, more than its previous nine decades combined. Writing in 2013 about the pattern of newspaper ownership by founding families, Times reporter Michael Hiltzik said that: The first generations bought or founded their local paper for profits and social and political influence.
Their children enjoyed both profits and influence, but as the families grew larger, the generations found that only one or two branches got the power, everyone else got a share of the money. The coupon-clipping branches realized that they could make more money investing in something other than newspapers. Under their pressure the companies split apart, or disappeared. That's the pattern followed over more than a century by the Los Angeles Times under the Chandler family; the paper's early history and subsequent transformation was chronicled in an unauthorized history Thinking Big, was one of four organizations profiled by David Halberstam in The Powers That Be. It has been the whole or partial subject of nearly thirty dissertations in communications or social science in the past four decades; the Los Angeles Times began a decline with Los Angeles itself with the decline in military production at the end of the Cold War. It faced hiring freezes in 1991-1992. Another major decision at the same time was to cut the range of circulation.
They cut circulation in California's Central Valley, Nevada and the San Diego ed
The May Department Stores Company
The May Department Stores Company was an American department store holding company headquartered in downtown St. Louis, Missouri, it was founded in Leadville, Colorado, by David May in 1877, moving to St. Louis in 1905. After many changes in the retail industry, the company merged with Federated Department Stores in 2005; this company was only a holding company that bought and merged regional department stores, such as Foley's and L. S. Ayres. During most of its history, the operations of the various divisions were kept separate and had their own buyers and credit cards; the latter were not accepted at other May-owned stores. At times, two different May's stores operated in the same geographical market, but they were aimed at different customers. Most decisions for each of the regional store companies were made by management at the local headquarters and not by the holding company in St. Louis; some of the regional stores shared names that were similar to the parent company, such as Los Angeles-based May Company California.
All it had in common with the parent was that these stores were headed by a different member of the May family as the president of their respective regional store chain. They were separate legal entities. 1877: Founded in Leadville during the Colorado silver rush. 1889: Headquarters moved to Denver. 1899: May acquires the E. R. Hull & Dutton Co. of Cleveland, renaming it The May Company, Cleveland named the May Company Ohio. 1905: Headquarters moved to St. Louis. 1910: Officially incorporated as The May Department Stores Company. 1911: The Famous Clothing Store and The William Barr Dry Goods Company merged to create Famous-Barr. 1912: May acquires the M. O'Neil Co. department store of Akron, Ohio. 1923: May acquires A. Hamburger & Sons Co. in Los Angeles and renames it May Company California. 1946: May acquires the Kaufmann's chain based in Pittsburgh, retaining it as a separate division. 1947: May acquires Strouss-Hirshberg Co. based in Youngstown, retaining it as a separate division and changing the name to Strouss.
1956: May acquires The Daniels & Fisher Company of Denver, merging it with May stores in the area to create a new May D&F division. 1958: May acquires the Cohen Bros. Department Store in Jacksonville, turning it into the May Cohens chain. 1959: May acquires The Hecht Company of Baltimore, adding it as a new division. 1965: May acquires G. Fox & Co. 1966: May acquires the Meier & Frank chain based in Portland, adding it as a new division. David's grandson Morton May headed the company for 16 years. Morton May was a patron of the St. Louis Art Museum. 1968: Venture Stores was founded when Target co-founder John F. Geisse went to work for May Department Stores. Under an antitrust settlement reached with the Department of Justice, May was unable to acquire any more retail chains at the time, the department store company needed a way to compete against the emerging discount store chains. 1970s: May sold the 70-store Consumers Distributing chain of catalog merchants to the Canadian Consumers Distributing company.
It closed its stores in 1996. 1986: May acquires the Associated Dry Goods holding company and its chains, the largest-ever retail acquisition in history at that time. 1988: May acquires Foley's in Houston and Filene's in Boston from Federated Department Stores. 1993: May Company California and JW Robinsons merged to form Robinsons-May. 1995: May acquires the John Wanamaker chain based in Philadelphia. 1996: May acquires the Strawbridge's chain based in Philadelphia. 1998: May acquires The Jones Store chain based in Kansas City, Missouri. 1999: May acquires Zions Cooperative Mercantile Institution based in Salt Lake City, folding it into the Meier & Frank subsidiary. 2000: May Department Stores purchases David's Bridal 2004: May Department Stores takes over the Marshall Field's chain from Target Corporation. 2005: May is purchased by Federated Department Stores for $11 billion in stock, with all former May divisions being folded into Federated's various Macy's branches. 2006: Over 400 former May stores, with their wide variety of long-standing brand names, are consolidated and renamed as Macy's.
In addition, Federated sells off three former May chains. Around the beginning of the twentieth century, the May Department Stores Company created a real estate division that would handled the purchase of land and the construction of the buildings that would house their new stand-alone department stores. Starting in 1947, May decided to enter the new open-air shopping center development business by the construction of what would became the Baldwin Hills Crenshaw Plaza in Los Angeles when they wanted to open a new store for their May Company California division. After that time, May became a major shopping center and mall developer when they began to developed newly malls to house their new proposed department stores. During the mid-1980s, the company noticed that their company's stock was vastly undervalued and that the company was at risk of becoming a hostile takeover target, May Department Stores needed to re-purchase some of its company's stock to increase the share price. To accomplish this, they needed to obtain cash which they did by making a deal with Prudential Insurance in which the insurance company gave May $550 million in exchange for 50% ownership of May Centers.
In 1992, Prudential renamed the company CenterMark. On February 28, 2005, Federated Department Stores, Inc. announced that they would acquire the May company for $11 billion. To help finance the May Company deal, Federated agreed to sell its combined proprietar
Unibail-Rodamco-Westfield SE is a European commercial real estate company headquartered in Paris, France. Its history originates with the formation of two separate shopping centre operators and Rodamco Europe, which merged in 2007 and became a societas Europaea in 2009; the company merged with the Australian shopping centre operator Westfield Corporation, created by the split of Westfield Group, in 2018. As of 2018, Unibail-Rodamco-Westfield is the largest commercial real estate company in Europe, is a component of the Euro Stoxx 50 stock market index, its portfolio consists of retail property, office buildings, convention centers within Europe and North America. Many of its shopping centres use the Westfield brand launched by Westfield Group in 1960 and shared with Scentre Group for properties in Australia and New Zealand since 2014. Retail properties owned by Unibail-Rodamco. Unibail was founded in 1968 as a finance-leasing unit by a company called Worms & Cie. In 1991, Unibail started focusing on the property investment sector, phased out involvement in lease financing.
It built a property portfolio of close to 30 shopping centres across France – including the Forum des Halles and the arcade within CNIT – and substantial office properties in Paris and La Défense – including the Tour Ariane and the Paris Expo group of convention centres. Rodamco Europe formed in 1999 when Rodamco, a property investment fund set up by the Dutch asset management group Robeco in 1979, broke up into various independent listed companies covering different parts of the world. Rodamco Europe subsequently collected a portfolio consisting of shopping centres and other retail spaces across 14 European countries, along with some office property in France and the Netherlands, acquiring smaller European rivals in the process. On April 10, 2007, Rodamco Europe announced an agreement to conduct a merger of equals with Unibail to create the largest publicly traded property company in Europe; the merger was confirmed on June 21, 2007, after Unibail announced the acquisition of 80% of Rodamco's shares, making its offer for the remainder unconditional.
The merged entity took effect as a société anonyme under the new name Unibail-Rodamco on June 25, 2007. On June 1, 2011, Unibail-Rodamco hired former FNAC CEO Christophe Cuvillier as the new COO. In collaboration with CEO and Chairman of the Board Guillaume Poitrinal, he led the company to five years of growth in spite of tough economic conditions. In May 2015, Unibail revealed it had signed an agreement with the Canada Pension Plan Investment Board to sell its 46.1% stake in German shopping mall operator MFI AG for €394 million. In December 2017, Unibail took over Westfield Corporation, which operates 35 shopping centres in the US and the UK, for a reported price of US$24.8 billion. The Australian shopping centres branded as Westfield and held by Scentre were not acquired by Unibail; the deal was completed in June 2018, the shopping centres owned by Unibail-Rodamco before the merger had their names modified to have the Westfield brand. Christophe Cuvillier – Group Chief Executive Officer Jaap L. Tonckens – Group Chief Financial Officer Astrid Panoysan – Group Chief Resources Officer Olivier Bossard – Group Chief Development Officer Jean-Marie Tritant – President Michel Dessolain – Chief Operating Officer Peter Miller – Chief Operating Officer Fabrice Mouchel – Chief Financial Officer Gerard Sieben – Chief Financial Officer Unibail-Rodamco-Westfield has a 100% free float.
The following represents the shareholder structure as of October 31, 2012: APG Asset Management – 9.9% Amundi AM – 4.2% Northern Cross – 3.6% BlackRock – 3.2% State Street Global Advisors – 3.09% Other – 76.2% Unibail-Rodamco-Westfield is listed in several indexes, including: FTSE4Good Dow Jones Sustainability Index Advanced Sustainability Performance Eurozone Index Ethibel Sustainability Index ECPI Index STOXX® Global ESG Leaders Index Standard Ethics French Index Unibail-Rodamco-Westfield is rated A by Standard & Poor’s and Fitch Ratings. In 2015, Standard Ethics Aei has given a rating to Unibail-Rodamco-Westfield in order to include it in its Standard Ethics French Index. To conceive and design its buildings, Unibail-Rodamco-Westfield works with high-end architectural firms like Thomas Mayne of Morphosis firm, Herzog & de Meuron, RIADH group, the firm Architecture Farshid Moussavi, Cuno & Jean Brullmann Crochon-Luc, Jean-Paul Viguier, Epstein & Glaiman / Recevki Architecture, Araldo Cossutta & Ponte, Arte-Charpentier.
Unbail-Rodamco-Westfield corporate website Westfield commercial website