DDR JV opens $112M mall in Brazil  Cleveland-based Developers
Diversified Realty has announced the opening of Manauara
Shopping Center, a 500,000-sq.-ft. enclosed mall in Manaus,
Brazil.  Located on the Amazon River, Manaus boasts a population
of 1.7 million people. Developers Diversified owns 47.5% of the
$112 million shopping center through an ownership interest in
Sonae Sierra Brasil, the developer, owner and manager of the
property. Manauara is the first ground-up development by the
partnership, which owns and manages nine additional centers in
Brazil.