Correction - Westfield is the mall owner/operator. They are not closing their other malls.
The lender, Deutschbank, IS trying to get out of their exposure to US malls and commercial properties. Its trying to sell its US commercial loans to TPG, a private equity company.
From Fox 11
The owner of Westfield Malls is planning to sell all of its properties in the US. Locations in southern California include, Century City, Culver City, Sherman Oaks, Santa Anita, Canoga Park, and Valencia. The company didn't elaborate on whether the malls will be sold together or individually, but all 24 malls are to be sold by 2023.