Brookfield Properties
Encyclopedia
Brookfield Office Properties Inc. is a North America
n commercial real estate
company. Brookfield Asset Management
owns fifty percent of its outstanding common shares. The company has its headquarters operations in New York City
and Toronto
. Its New York City head office is on the 11th floor of the Three World Financial Center in Lower Manhattan
, New York City
, while its Toronto head office is located downtown in the Brookfield Place office complex, which encompasses an entire 5.2 acre city block and offers over 2600000 square feet (241,547.9 m²) of office space
The company owns, manages and develops office properties in the downtown core of the American cities of New York City
, New York
; Washington, D.C.
; Boston
, Massachusetts
; Denver, Colorado
; and Minneapolis, Minnesota
; as well as the Canadian cities of Toronto, Calgary
, Alberta
; Ottawa
, Ontario
; and Vancouver
, British Columbia
. Its 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; Place de Ville
and the John Edmunds Towers in Ottawa, Canadian Western Bank Place and Enbridge Tower in Edmonton
, Alberta; 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.
, Quebec
. It was known then as the Canadian Arena Company. It 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. 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 City, a few months before the complex was destroyed on during the September 11, 2001, attacks.
In 2006, the company acquired Trizec Properties.
In 2008, it acquired GMAC Real Estate.
On Earth Day (April 22) 2010, the company was listed as one of Canada's "The Green 30" Organizations Based On Eco-Friendly Programs and Practices http://www.newswire.ca/en/releases/archive/April2010/22/c4751.html based on an employee poll.
in the Manhattan
borough
of New York City, that in September 2011 became a site of protests by Occupy Wall Street
. On October 11, 2011, Richard Clark, the company's chief executive officer, sent a letter to New York City Police Commissioner
Raymond Kelly requesting to "clear the park" as its use by Occupy Wall Street "violates the law, violates the rules of the Park, deprives the community of its rights of quiet enjoyment to the Park, and creates health and public safety issues". The request was later withdrawn. On November 15, 2011, at around 1:00 a.m. the NYPD went in and cleared the park citing alleged health and safety hazards caused by the protestors. Later that morning, Judge Lucy Billings issued a court order for the NYPD to allow the protesters back into the park. That injunction was subsequently lifted by the NY Supreme Court and the Police were allowed to keep the park cleared of tents at the request of Brookfield Properties.
North America
North America is a continent wholly within the Northern Hemisphere and almost wholly within the Western Hemisphere. It is also considered a northern subcontinent of the Americas...
n commercial real estate
Commercial property
The term commercial property refers to buildings or land intended to generate a profit, either from capital gain or rental income.-Definition:...
company. Brookfield Asset Management
Brookfield Asset Management
Brookfield Asset Management Inc. is a Toronto, Ontario-based asset management company that manages a global portfolio of assets valued at over $150 billion...
owns fifty percent of its outstanding common shares. The company has its headquarters operations in New York City
New York City
New York is the most populous city in the United States and the center of the New York Metropolitan Area, one of the most populous metropolitan areas in the world. New York exerts a significant impact upon global commerce, finance, media, art, fashion, research, technology, education, and...
and Toronto
Toronto
Toronto is the provincial capital of Ontario and the largest city in Canada. It is located in Southern Ontario on the northwestern shore of Lake Ontario. A relatively modern city, Toronto's history dates back to the late-18th century, when its land was first purchased by the British monarchy from...
. Its New York City head office is on the 11th floor of the Three World Financial Center in Lower Manhattan
Lower Manhattan
Lower Manhattan is the southernmost part of the island of Manhattan, the main island and center of business and government of the City of New York...
, New York City
New York City
New York is the most populous city in the United States and the center of the New York Metropolitan Area, one of the most populous metropolitan areas in the world. New York exerts a significant impact upon global commerce, finance, media, art, fashion, research, technology, education, and...
, while its Toronto head office is located downtown in the Brookfield Place office complex, which encompasses an entire 5.2 acre city block and offers over 2600000 square feet (241,547.9 m²) of office space
The company owns, manages and develops office properties in the downtown core of the American cities of New York City
New York City
New York is the most populous city in the United States and the center of the New York Metropolitan Area, one of the most populous metropolitan areas in the world. New York exerts a significant impact upon global commerce, finance, media, art, fashion, research, technology, education, and...
, New York
New York
New York is a state in the Northeastern region of the United States. It is the nation's third most populous state. New York is bordered by New Jersey and Pennsylvania to the south, and by Connecticut, Massachusetts and Vermont to the east...
; Washington, D.C.
Washington, D.C.
Washington, D.C., formally the District of Columbia and commonly referred to as Washington, "the District", or simply D.C., is the capital of the United States. On July 16, 1790, the United States Congress approved the creation of a permanent national capital as permitted by the U.S. Constitution....
; Boston
Boston
Boston is the capital of and largest city in Massachusetts, and is one of the oldest cities in the United States. The largest city in New England, Boston is regarded as the unofficial "Capital of New England" for its economic and cultural impact on the entire New England region. The city proper had...
, Massachusetts
Massachusetts
The Commonwealth of Massachusetts is a state in the New England region of the northeastern United States of America. It is bordered by Rhode Island and Connecticut to the south, New York to the west, and Vermont and New Hampshire to the north; at its east lies the Atlantic Ocean. As of the 2010...
; Denver, Colorado
Colorado
Colorado is a U.S. state that encompasses much of the Rocky Mountains as well as the northeastern portion of the Colorado Plateau and the western edge of the Great Plains...
; and Minneapolis, Minnesota
Minnesota
Minnesota is a U.S. state located in the Midwestern United States. The twelfth largest state of the U.S., it is the twenty-first most populous, with 5.3 million residents. Minnesota was carved out of the eastern half of the Minnesota Territory and admitted to the Union as the thirty-second state...
; as well as the Canadian cities of Toronto, Calgary
Calgary
Calgary is a city in the Province of Alberta, Canada. It is located in the south of the province, in an area of foothills and prairie, approximately east of the front ranges of the Canadian Rockies...
, Alberta
Alberta
Alberta is a province of Canada. It had an estimated population of 3.7 million in 2010 making it the most populous of Canada's three prairie provinces...
; Ottawa
Ottawa
Ottawa is the capital of Canada, the second largest city in the Province of Ontario, and the fourth largest city in the country. The city is located on the south bank of the Ottawa River in the eastern portion of Southern Ontario...
, Ontario
Ontario
Ontario is a province of Canada, located in east-central Canada. It is Canada's most populous province and second largest in total area. It is home to the nation's most populous city, Toronto, and the nation's capital, Ottawa....
; and Vancouver
Vancouver
Vancouver is a coastal seaport city on the mainland of British Columbia, Canada. It is the hub of Greater Vancouver, which, with over 2.3 million residents, is the third most populous metropolitan area in the country,...
, British Columbia
British Columbia
British Columbia is the westernmost of Canada's provinces and is known for its natural beauty, as reflected in its Latin motto, Splendor sine occasu . Its name was chosen by Queen Victoria in 1858...
. Its properties include One Liberty Plaza
One Liberty Plaza
One Liberty Plaza, formerly the U.S. Steel Building, is a skyscraper in lower Manhattan, New York City, at the location of the former Singer Building . 1 Liberty Plaza is currently owned and operated by Brookfield Properties. The building is tall and 54 floors. It was built in 1973...
and the World Financial Center
World Financial Center
The World Financial Center is a complex of buildings across West Street from the World Trade Center site in Lower Manhattan in New York City, overlooking the Hudson River. This complex is home to offices of companies including Merrill Lynch, RBC Capital Markets, Nomura Group, the Wall Street...
in New York City; Brookfield Place (formerly BCE Place), First Canadian Place
First Canadian Place
First Canadian Place is a skyscraper in the financial district of Toronto, Ontario, Canada, at the northwest corner of King and Bay streets, and is the location of the Toronto headquarters of the Bank of Montreal. At , it is Canada's tallest skyscraper and the 15th tallest building in North America...
, and Queen's Quay Terminal
Queen's Quay Terminal
Queen's Quay Terminal was a cold storage warehouse facility, the Toronto Terminal Warehouse, built in 1926 by Moores & Dunford and converted to a condo/mall complex in 1983...
in Toronto; Place de Ville
Place de Ville
Place de Ville is a complex of office towers in downtown Ottawa. It currently consists of four buildings, Place de Ville A, B, and C, and the 'Podium' building, two large hotels, and the city's largest underground parking garage. The buildings are linked by an underground shopping complex...
and the John Edmunds Towers in Ottawa, Canadian Western Bank Place and Enbridge Tower in Edmonton
Edmonton
Edmonton is the capital of the Canadian province of Alberta and is the province's second-largest city. Edmonton is located on the North Saskatchewan River and is the centre of the Edmonton Capital Region, which is surrounded by the central region of the province.The city and its census...
, Alberta; Suncor Energy Centre, Fifth Avenue Place, Altius Centre, Herald Building, and Bankers Hall
Bankers Hall
Bankers Hall is a building complex located in downtown Calgary, Alberta, which includes twin 52-storey office towers , designed by the architectural firm Cohos Evamy in postmodern architectural style....
in Calgary; and Royal Centre
Royal Centre (Vancouver)
Royal Centre is a prominent signature skyscraper complex located at 1055 West Georgia Street in Downtown Vancouver's Financial District. The primary tenant of the complex is RBC's British Columbia headquarters...
in Vancouver. It also operates real estate service businesses and has a land-development business primarily based in Canada.
History
The company's roots go back to the 1900s in MontrealMontreal
Montreal is a city in Canada. It is the largest city in the province of Quebec, the second-largest city in Canada and the seventh largest in North America...
, Quebec
Quebec
Quebec or is a province in east-central Canada. It is the only Canadian province with a predominantly French-speaking population and the only one whose sole official language is French at the provincial level....
. It was known then as the Canadian Arena Company. It operated the Montreal Arena
Montreal Arena
The Montreal Arena, also known as Westmount Arena, was an indoor arena located in Montreal, Quebec, Canada on the corner of St. Catherine Street and Wood Avenue. It was likely one of the first arenas designed expressly for hockey, opening in 1898...
. In a partnership with Toronto investors, it built the Arena Gardens in Toronto. In the 1920s, it built the Montreal Forum
Montreal Forum
The Montreal Forum was an indoor arena located in Montreal, Quebec, Canada. Called "the most storied building in hockey history" by Sporting News, it was home of the National Hockey League's Montreal Maroons from 1924 to 1938 and the Montreal Canadiens from 1926 to 1996...
. From 1935, for several decades, the company owned the Montreal Canadiens
Montreal Canadiens
The Montreal Canadiens are a professional ice hockey team based in Montreal, Quebec, Canada. They are members of the Northeast Division of the Eastern Conference of the National Hockey League . The club is officially known as ...
National Hockey League
National Hockey League
The National Hockey League is an unincorporated not-for-profit association which operates a major professional ice hockey league of 30 franchised member clubs, of which 7 are currently located in Canada and 23 in the United States...
club. In the 1970s, when the company was known as Carena Properties, it expanded its business into commercial real estate. 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
World Trade Center
The original World Trade Center was a complex with seven buildings featuring landmark twin towers in Lower Manhattan, New York City, United States. The complex opened on April 4, 1973, and was destroyed in 2001 during the September 11 attacks. The site is currently being rebuilt with five new...
in New York City, a few months before the complex was destroyed on during the September 11, 2001, attacks.
In 2006, the company acquired Trizec Properties.
In 2008, it acquired GMAC Real Estate.
On Earth Day (April 22) 2010, the company was listed as one of Canada's "The Green 30" Organizations Based On Eco-Friendly Programs and Practices http://www.newswire.ca/en/releases/archive/April2010/22/c4751.html based on an employee poll.
Zuccotti Park
The company is the owner of Zucotti Park, a publicly accessible park near Wall StreetWall Street
Wall Street refers to the financial district of New York City, named after and centered on the eight-block-long street running from Broadway to South Street on the East River in Lower Manhattan. Over time, the term has become a metonym for the financial markets of the United States as a whole, or...
in the Manhattan
Manhattan
Manhattan is the oldest and the most densely populated of the five boroughs of New York City. Located primarily on the island of Manhattan at the mouth of the Hudson River, the boundaries of the borough are identical to those of New York County, an original county of the state of New York...
borough
Borough (New York City)
New York City, one of the largest cities in the world, is composed of five boroughs. Each borough now has the same boundaries as the county it is in. County governments were dissolved when the city consolidated in 1898, along with all city, town, and village governments within each county...
of New York City, that in September 2011 became a site of protests by Occupy Wall Street
Occupy Wall Street
Occupy Wall Street is an ongoing series of demonstrations initiated by the Canadian activist group Adbusters which began September 17, 2011 in Zuccotti Park, located in New York City's Wall Street financial district...
. On October 11, 2011, Richard Clark, the company's chief executive officer, sent a letter to New York City Police Commissioner
New York City Police Commissioner
The New York City Police Commissioner is the head of the New York City Police Department, appointed by the Mayor of New York City. Governor Theodore Roosevelt, in one of his final acts before becoming Vice President of the United States in March 1901, signed legislation replacing the Police Board...
Raymond Kelly requesting to "clear the park" as its use by Occupy Wall Street "violates the law, violates the rules of the Park, deprives the community of its rights of quiet enjoyment to the Park, and creates health and public safety issues". The request was later withdrawn. On November 15, 2011, at around 1:00 a.m. the NYPD went in and cleared the park citing alleged health and safety hazards caused by the protestors. Later that morning, Judge Lucy Billings issued a court order for the NYPD to allow the protesters back into the park. That injunction was subsequently lifted by the NY Supreme Court and the Police were allowed to keep the park cleared of tents at the request of Brookfield Properties.
Subsidiaries and joint ventures
It wholly or partially owns the following companies:- BPO Properties Ltd. a real estate investment company
- Brookfield LePage Johnson Controls a commercial property and project management, joint venture established in 1990 with Johnson ControlsJohnson ControlsJohnson Controls, Inc. is a company, based in Milwaukee, Wisconsin, USA. It was founded in 1885 by professor Warren S. Johnson, inventor of the first electric room thermostat....
- Brookfield Residential Services Ltd. a condominium management corporation in the greater Toronto area
- Carma DevelopersCarma DevelopersCarma Developers, founded in 1958, is a Canadian residential land developer with master-planned communities throughout Canada and the United States. Its head offices are located in Calgary, Alberta where it is the largest residential land developer in that city....
L.P. a real estate development company
See also
- 7+Fig Shopping Center7+Fig Shopping Center7+Fig is an open-air shopping mall located in the Financial District of Downtown Los Angeles. It is nestled between two office skyscrapers, 777 Tower and Ernst & Young Plaza. Though most of the mall is currently closed due to extensive remodeling, some of its current retailers include Starbucks...
- Boston PropertiesBoston PropertiesBoston Properties, Inc. is a self-managed real estate investment trust based in Boston, Massachusetts. Its primary focus is "Class A" office space which it acquires, develops, and manages in the major markets of Boston, New York City, Washington, D.C., and San Francisco...
- Silverstein Properties Inc.
- Vornado Realty TrustVornado Realty TrustVornado Realty Trust is a New York based real estate investment trust. It is the inheritor of real estate formerly controlled by companies including Two Guys and Alexander's.- History :...
External links
- brookfieldproperties.com, the company's official website