Brookfield Properties
From Wikipedia, the free encyclopedia
Brookfield Properties Corporation (TSX: BPO, NYSE: BPO) is a Toronto-based North American commercial real estate company. Brookfield Asset Management owns 50% of its outstanding common shares.
The company's history goes back to the 1920s, when as the Canadian Arena Corporation, it built the Montreal Forum. 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.[1]
Brookfield owns, manages and develops premier 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; and Petro-Canada Centre and Bankers Hall in Calgary, and the Royal Centre (Vancouver) in Vancouver. It also operates real estate service businesses and has a land-development business primarily based in Canada.
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.
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[edit] 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 management, joint venture with Johnson Controls
- Brookfield Residential Services Ltd. - condominium management corporation in the greater Toronto area
- Carma Developers L.P - real estate development company
[edit] See also
[edit] References
- ^ Brookfield: History. Brookfield Properties.
