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SIGNA Prime Holding is acquiring RFR's 50% share of the Karstadt at the Munich Main Train Station project, along with four other assets in Germany's largest cities.
Expanding Sylvan | Thirty across the street will help facilitate a walkable community, where patrons can park in one spot and easily travel between the shops, amid a community-oriented Main Street feel.
The takeover would create one of the world's largest listed real estate companies with an ownership interest in nearly $100 billion of assets worldwide, Brookfield Property Partners said Monday.
Projects need a wow factor in mix of uses with the right blend of tenants that will bring customers in and programming to entice them to stay longer, along with design, location and amenities.
CMBS 1.0 transactions now have a delinquency rate of more than 43%; however, Fitch Ratings says these pre-2009 deals represent an increasingly small slice of the pie.