1/3/2012

Werner Otto, 102, who founded German shopping center developer ECE, has died. Otto also founded New York City's Paramount Group in 1973 and got his start with the Otto mail-order shoe firm. "The impact of Werner Otto’s achievements and creativity has been felt far beyond the world of real estate, because he was as generous as he was gifted," said Michael P. Kercheval, ICSC president and CEO.

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