Brookfield Office Properties

Bert Dezzutti | Lusk Center for Real Estate

src: lusk.usc.edu

Brookfield Office Properties Inc. is a North American commercial real estate company, wholly owned by Brookfield Property Partners. The company has corporate offices in New York, Toronto, London and Sydney.

The Company owns, manages and develops office properties in downtown centers of American cities in New York City, New York; Washington DC.; Boston, Massachusetts; Houston, Texas; Los Angeles, California; Denver, Colorado; and Minneapolis, Minnesota; Canadian cities in Toronto, Ontario; Calgary, Alberta; Ottawa, Ontario; and Vancouver, British Columbia; as well as Australian cities in Perth, Sydney and Melbourne. Its properties include One Liberty Plaza and World Financial Center in New York City; Brookfield Place (formerly BCE Place), First Canadian Place, and Queen's Quay Terminal in Toronto; Place de Ville and Jean Edmunds Towers in Ottawa; Suncor Energy Center, Fifth Avenue Place, and Bankers Hall in Calgary; and Royal Center in Vancouver. It also operates a real estate services business and has a Canadian-based land development business.

Video Brookfield Office Properties

Histori

The company roots back to the early 1900s in Montreal, Quebec. It became known as the Canadian Arena Company and operated the Montreal Arena. In partnership with Toronto investors, they built Arena Gardens in Toronto. In the 1920s, it was building the Montreal Forum. From 1935 to 1957, the company owned the Montreal Canadiens National Hockey League club. The company was acquired by Edper Investments in 1970. During the 1970s, when the company was known as Carena Properties, the company expanded its business into commercial real estate. After the Montreal Forum was closed, the Forum was sold to competitor Canderel Properties.

In 1990, Brookfield acquired a 50% interest in the office property portfolio in Toronto, Denver and Minneapolis from BCE Development Corporation. In 1994, the holding was upgraded to 100% and included BCE Place, now Brookfield Place, Brookfield Properties main office complex in Toronto.

Brookfield lost to Silverstein Properties, Inc. by renting the World Trade Center in New York City, months before the complex was destroyed during the September 11, 2001 attacks.

In 2005, the company acquired O & amp; Y Properties Corporation and O & amp; Y Real Estate Investment Trust, which revived and was once a power house of Olympia and York. In 2006, the company acquired Trizec Properties, founded in 1960 by William Zeckendorf, the builder of Place Ville Marie.

In 2010, the company entered the London and Australia market by acquiring the "100 Bishopsgate" development site in the City of London and 16 properties covering 8 million SF in three major Australian cities.

On Earth Day on April 22, 2010, the company is listed as one of Canada's "The Green 30" Organizations Based on Environmentally Friendly Programs and Practices based on the results of an employee poll.

Brookfield Office Properties Inc. became the dominant office owner in the financial district of Los Angeles after acquiring MPG Office Trust Inc. As one of the richest real estate companies in the country, they start looking for tenants in the field of technology and entertainment, who have not been eager to find the city center. MPG has become one of Southern California's leading real estate developers and owners of L.A. office towers. which is old. They were known as builders of quality office space in Southern California for decades, having been founded by Robert F. Maguire in the 1960s. The MPG buildings they acquired include the Gas Company Tower and the Wells Fargo Tower at Bunker Hill.

In June 2014, Brookfield Property Partners (BPY) completed their acquisition of Brookfield Office Properties (BPO). General shares of BPO are re-listed from the Toronto Stock Exchange on June 10, 2014, and from the New York Stock Exchange on June 20, 2014. Brookfield Property Partners is now the sole owner of all ordinary shares issued and outstanding from BPO.

Maps Brookfield Office Properties

Zuccotti Park

The company is the owner of Zucotti Park, a publicly accessible park adjacent to one of his office buildings near Wall Street in Manhattan, New York City, which in September 2011 became a scene of protest by Occupy Wall Street. On October 11, 2011, Richard Clark, CEO of the company, sent a letter to NYC Police Commissioner Raymond Kelly asking to "cleanse the park" for use by Occupy Wall Street "against the law, violate the rules of the Park, remove the community's rights to enjoy the quiet of the Park , and create public health and safety issues ". The request was later withdrawn. On November 15, 2011, at about 1:00 am, NYPD came in and cleaned the park on the grounds of the health and safety hazards posed by the demonstrators. Later that morning, Judge Lucy Billings issued a court order for the NYPD to allow the demonstrators to return to the park. The order was later appointed by the Supreme Court of NY and police were allowed to keep the parks cleared of tents at the request of Brookfield Properties.

Brookfield Office Properties News - Topics | Crain's New York Business

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Association

This is a REBNY member.

1 World Trade Center under construction near office buildings ...

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Subsidiaries and joint ventures

This wholly or partly owns the following companies:

Brookfield Canada Office Properties - a belief in real estate investing that manages commercial office properties in Toronto, Calgary, Ottawa and Vancouver.
Brookfield Condominium Services Ltd.Ãƒ, - a leading condo management company in the greater Toronto area
Brookfield Residential Properties Inc. - developers and homebuilders in North America. On March 31, 2011, Brookfield Office Properties unveiled their residential group consisting of Carma Developers and Brookfield Homes (Ontario) Ltd. to join Brookfield Homes Corporation to form Brookfield Residential Properties Inc.