Port Authority acknowledges water leak at WTC site
The Port Authority of New York and New Jersey admitted to a water leak at the World Trade Center that caused construction delays at the site, after denying any such problem at the complex in August. Construction More...
Co-CEO Peter Lowy to Stay at Westfield for the Sheer Excitement
Co-CEO of Westfield, Peter Lowy, has decided to stay with the company after announcing he would leave following restructuring. At the urging of his father Frank Lowy and his brother, co-CEO Steven, Peter More...
Lowy and Sons Buy A Bigger Stake of Family-Owned Malls
– Mega-mall owners Frank Lowy and his sons, co-chief executives Peter and Steven, have increased their stake in the family company, Westfield Corporation to 9.5%. They bought 23.77 million More...
Frank Lowy’s Westfield Retail Trust Reorganization Plan Just Squeaks Through At Second Attempt
Yesterday, at a special shareholders meeting, shareholders of the Australian publicly listed real estate investment trust, the Westfield Retail Trust, finally agreed by More...
Frank Lowy’s Grand Reorganisation Of Westfield Group and Westfield Trust Hits Major Snag Meeting Postponed As Vote Fails
– Frank Lowy’s grand corporate restructuring of his twin property empires, the Westfield Group and the Westfield Retail Trust, is in trouble and, as an irascible 82 year old billionaire accustomed More...
Frank Lowy Contnues To Face Down Shareholder Dissent As Vote Nears For Westfield Group Corporate Restructuring
– – It seems master Australian retail shopping centre developer Frank Lowy’s grand restructuring of his prize international development company Westfield Group, and of its more mature More...
Frank Lowy’s Westfield Group Obtains Planning Approval For $1.6 Billion Expansion Of Its London Shopping Centre
– – The Westfield shopping centre in London’s Shepherds Bush area has only been in operation for five years, but is now getting ready for a major expansion to the north of its existing site. More...
Start-up Deliv Offers 1 Hour Online Shopping Delivery Mall Owners Simon & Westfield & Others Invest
– Daphne Carmeli founder and CEO of Deliv – One of the assets Amazon used to have in the online retailing wars was tax free internet shopping, established at the very start of the internet highway More...
Breaking Up Is Hard To Do As Australian Institutions Query Frank Lowy’s $25 Billion Restructuring Plans
– On December 2nd Australian shopping center company the Westfield Group, led by Frank Lowy, announced an ambitious plan to restructure the group’s property holdings as Jewish Business News reported More...
Some Shareholders Query Frank Lowy’s Westfield Group Reorganization Plans
– Frank Lowy / Getty – Just before Christmas the giant Westfield Group, the Australia based but increasingly internationally oriented shopping centre development company led by Frank Lowy, More...