| Type | Public |
|---|---|
| Headquarters | New York City, New York Toronto, Ontario |
| Key people | Richard B. Clark (CEO) |
| Industry | Property Management |
| Revenue | ▲1.58 billion USD (2007)[1] |
| Net income | ▲240 million USD (2007)[1] |
| Employees | 2,264 (2008)[1] |
| Website | www.brookfieldproperties.com |
Brookfield Properties Corporation (TSX: BPO, NYSE: BPO) is a North American commercial real estate company. Brookfield Asset Management owns 50% of its outstanding common shares. The company has its headquarter operations in New York City and Toronto.[2] Its New York City head office is on the 11th floor of the Three World Financial Center in Lower Manhattan, New York City.[3]
Brookfield owns, manages and develops office properties in the downtown core of New York City, Washington, D.C., Boston, Denver, Minneapolis, Toronto, Calgary, Ottawa, and Vancouver. Brookfield's properties include One Liberty Plaza and the World Financial Center in New York City; Brookfield Place (formerly BCE Place), First Canadian Place, and Queen's Quay Terminal in Toronto; Canadian Western Bank Place and Enbridge Tower in Edmonton; Suncor Energy Centre, Fifth Avenue Place, Altius Centre, Herald Building, and Bankers Hall in Calgary; and Royal Centre in Vancouver. It also operates real estate service businesses and has a land-development business primarily based in Canada.
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History
The company's roots go back to the 1900s in Montreal. It was known then as the Canadian Arena Company. The company operated the Montreal Arena. In a partnership with Toronto investors, it built the Arena Gardens in Toronto. In the 1920s, it built the Montreal Forum. From 1935, for several decades, the company owned the Montreal Canadiens National Hockey League club. In the 1970s, when the company was known as Carena Properties, it expanded its business into commercial real estate.[4] After the Montreal Forum closed, the Forum was sold to competitor Canderel Properties.
It lost out to Silverstein Properties, Inc. on the lease of the World Trade Center in New York, a few months before the complex was destroyed on September 11, 2001.
In 2006, the company acquired Trizec Properties.
Subsidairies and joint ventures
Brookfield Properties wholly or partially owns the following companies:
- BPO Properties Ltd. - real estate investment company
- Brookfield LePage Johnson Controls - commercial property and project management, joint venture established in 1990 with Johnson Controls
- Brookfield Residential Services Ltd. - condominium management corporation in the greater Toronto area
- Carma Developers L.P - real estate development company
See also
References
- ^ a b c "Company Profile for Brookfield Properties Corp (BPO)". http://zenobank.com/index.php?symbol=BPO&page=quotesearch. Retrieved 2008-10-07.
- ^ http://investors.brookfieldproperties.com/phoenix.zhtml?c=91790&p=irol-newsArticle_Print&ID=898941&highlight=
- ^ "Contact Us." Brookfield Properties. Retrieved on December 24, 2009.
- ^ "Brookfield: History". Brookfield Properties. http://www.brookfieldproperties.com/history.htm.
External links
This entry is from Wikipedia, the leading user-contributed encyclopedia. It may not have been reviewed by professional editors (see full disclaimer)
