Investcorp, which is headquartered in Bahrain and has offices in New York City, says the deal involves the firm's second real estate investment in Germany.
Macerich of Santa Monica, CA and Indianapolis-based Simon in a 50-50 joint venture will co-develop and jointly lease the new outlet center that is designed to open with 400,000 square feet, followed by an additional 166,000 square feet in its second phase.
“CBRE continued to experience outstanding leasing and sales momentum throughout the summer months,” says Jeff Hipschman, senior managing director, CBRE.
Today at 10:28 AM, the skylight in the Oculus opens to honor and remember the people whom the world, the country and New York City lost on September 11.
A mixed-use development will have the first substantial slate of affordable units to be delivered within the downtown precise plan and quadruple the number of affordable units completed under the plan to date.