Brookfield Properties
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| Type | Public |
|---|---|
| Headquarters | Toronto, Canada |
| 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 Toronto-based North American commercial real estate company. Brookfield Asset Management owns 50% of its outstanding common shares.
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; Canadian Western Bank Place and Enbridge Tower in Edmonton; Petro-Canada 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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[edit] 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.[2] 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.
[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
- ^ a b c "Company Profile for Brookfield Properties Corp (BPO)". http://zenobank.com/index.php?symbol=BPO&page=quotesearch. Retrieved on 2008-10-07.
- ^ "Brookfield: History". Brookfield Properties. http://www.brookfieldproperties.com/history.htm.
