Westwood-based shopping center owner Westwood Financial is changing leadership.

Its current chief executive, Mark Bratt, announced plans to retire by the end of the year last week. He had been in his current role since 2019. His successor has not yet been named.

“After six fulfilling years at Westwood Financial, I have decided it was time to begin the next chapter in my career,” Bratt said in a statement. “I want to express my gratitude and appreciation for the opportunity to work with many talented and dedicated colleagues, our investors, the brokerage community, our bankers, the founders and board.”

The company, which has a portfolio of more than $1.5 billion, owns, manages and operates more than 125 shopping centers in areas including L.A., Denver and Dallas.

“Mark has been a tremendous and aspirational leader who led our firm to perform at a consistent top quartile level,” Co-Founder Howard Banchik said.

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Sylmar Studios’ highly anticipated production facility will be completed in January.

The studio consists of six sound stages, 100,000 square feet of office space, parking, a set lighting and grip department and more spread across 300,000 square feet.

The set lighting and grip department opened its rental services earlier this year and has worked with shows such as “The Lincoln Lawyer” and “Master Chef.”

“Every aspect of Sylmar Studios is tailored to redefine the standard of production facilities, setting the stage for an unparalleled filmmaking experience,” Tony Guanci, chief executive of Sylmar Studios, said in a statement. “In the last few years, we saw a major shift in the entertainment landscape favoring streaming and production which is why we created purpose-built studios to serve as the ultimate filmmaking destination, realizing our clients’ cinematic goals by surpassing expectations at every turn.”