1. Remove "more citations needed" tag, as I am providing sufficient citations here.
2. Changes to infobox:
- Change title from "Brookfield Office Properties Inc." to "Brookfield Properties"
- Change Industry from "Commercial real estate" to "Real estate," as the company manages non-commercial real estate as well (e.g., residential)
- Change Area served to "Worldwide"[1] or, alternatively, list all 10 countries that appear in the reference provided.
- Change Key people from "Ric Clark (CEO)" to "Brian Kingston (CEO, Brookfield Property Partners)"[2]
- Change services from "Office property development and management" to "Property development and management," as the company's portfolio is no longer limited to office properties.
- Remove the Revenue, Net income, Total assets and Number of employees fields, as these are all old numbers that are no longer relevant since the company went private in 2014.
3. Intro, paragraph 1: Update and expand.
- Current text:
- Brookfield Office Properties Inc. is a North American commercial real estate company, wholly owned by Brookfield Property Partners.[3] The company has corporate offices in New York, Toronto, London and Sydney.[4]
- Proposed text:
- Brookfield Properties is a global real estate services and development company, wholly owned by Brookfield Property Partners.[3] The company manages and develops office, retail, multifamily, hospitality, logistics, mixed-use and residential real estate[5] and has corporate offices in New York, Toronto, London and Sydney.[4]
4. Intro, paragraph 2: Update the fact that the company no longer owns properties. Remove the list of locations and properties and replace with a summarizing statement, as the company's portfolio has grown to the point that a full list of notable properties would be too long for an introductory paragraph.
- Current text:
- 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; Houston, Texas; Los Angeles, California; Denver, Colorado; and Minneapolis, Minnesota; the Canadian cities of Toronto, Ontario; Calgary, Alberta; Ottawa, Ontario; and Vancouver, British Columbia; as well as the Australian cities of Perth, Sydney, and Melbourne. 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 Jean Edmunds Towers in Ottawa; Suncor Energy Centre, Fifth Avenue Place, Bankers Hall and Brookfield Place in Calgary. It also operates real estate service businesses and has a land-development business primarily based in Canada.
- Proposed text:
- The company manages the real estate portfolio of Brookfield Asset Management, which claims to be the largest commercial landlord in numerous cities around the world, including New York, Los Angeles and London.[6]
5. Trim image caption to remove unnecessary trivia.
- Current text:
- Brookfield's 1225 Connecticut Avenue in Washington, D.C., is the first redeveloped office building on the East Coast to receive LEED Platinum status.[7]
- Proposed text:
- Brookfield's 1225 Connecticut Avenue in Washington, D.C.
6. History, paragraph 1: Expand, add details, and remove line about the Montreal Arena (according to the source, the Canadian Arena Company was formed after the Arena had burned down in 1918).
- Current text:
- The company's roots go back to the early 1900s in Montreal, Quebec. It was known then as the Canadian Arena Company and 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 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, it expanded its business into commercial real estate.[8] After the Montreal Forum closed, the Forum was sold to competitor Canderel Properties.
- Proposed text:
- The company's roots go back to the early 1900s in Montreal, Quebec. The company was incorporated in 1924 as the Canadian Arena Corporation. That same year, the company constructed the Montreal Forum to house a new National Hockey League franchise in Montreal.[9]
- In a partnership with Toronto investors, it also built the Arena Gardens in Toronto. From 1935 to 1957, the company owned the Montreal Canadiens National Hockey League club.
- In 1970, the company was acquired by Edper Investments and in 1976, Brookfield Properties, then called Carena Properties, expanded its real estate interests by acquiring a controlling interest in Trizec, one of Canada's largest public real estate companies.[10] After the Montreal Forum closed, the Forum was sold to competitor Canderel Properties.
7. History, paragraph 2: Add line about acquisition of stake in Olympia & York.
- Current text:
- In 1990, Brookfield acquired a 50% interest in a portfolio of office properties in Toronto, Denver and Minneapolis from BCE Development Corporation. In 1994, this holding was increased to 100% and included BCE Place, now Brookfield Place, Brookfield Properties' flagship office complex in Toronto.[11]
- Proposed text:
In 1989, Carena acquired a 33% interest in Olympia & York Developments Ltd., developers of the World Financial Center in New York,[12] and in 1990, Brookfield acquired a 50% interest in a portfolio of office properties in Toronto, Denver and Minneapolis from BCE Development Corporation. In 1994, this holding was increased to 100% and included BCE Place, now Brookfield Place, Brookfield Properties' flagship office complex in Toronto.[13]
In 1996, Carena acquired a 46% interest in World Financial Properties, a corporation formed from the bankruptcy of Olympia & York, which included three of the four towers of the World Financial Center, One Liberty Plaza, 245 Park Avenue in Manhattan and 53 State Street in Boston. That year, Carena changed its name to Brookfield Properties Corporation.[14]
In 1997, Brookfield Properties purchased 45% of Gentra, Inc., owner of several commercial properties in Toronto.[15]
In 2000, Brookfield Properties acquired a portfolio of Calgary office properties, including the Bankers Hall complex.[16]
9. History, paragraph 3: Minor edits and add reference to facilitate removal of "citation needed."
- Current text:
- Brookfield 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 during the September 11, 2001, attacks.[citation needed]
- Proposed text:
- In April 2001, the company lost out to Silverstein Properties, Inc. on the lease of the World Trade Center in New York City before the complex was destroyed during the September 11 attacks.[17]
10. Add paragraph on spin-off of Brookfield Homes.
- Proposed added text:
- In 2003, Brookfield Properties completed the spin-off of Brookfield Homes, now part of Brookfield Residential, Brookfield Asset Management's U.S.-based home building business.[18]
11. History, paragraph 4: Add detail, remove flowery language and split paragraph.
- Current text:
- In 2005, it acquired O&Y Properties Corporation and O&Y Real Estate Investment Trust, the revived and once power house of Olympia and York. In 2006, the company acquired Trizec Properties, which was founded in 1960 by William Zeckendorf, builder of Place Ville Marie.[19]
- Proposed text:
- In 2005, Brookfield Properties acquired a 25% interest in O&Y Properties Corporation and O&Y Real Estate Investment Trust, expanding the company's real estate portfolio in four Canadian cities.[20]
- In 2006, the company acquired Trizec Properties, which was founded in 1960 by William Zeckendorf, builder of Place Ville Marie.[21]
12. History, paragraph 5: Remove quotation marks, add wikilink, add better reference.
- Current text:
- In 2010, it entered into London and Australian markets by acquiring the "100 Bishopsgate" development site in the City of London and 16 properties encompassing 8 million SF in three major Australian cities.[22]
- Proposed text:
- In 2010, it entered into London and Australian markets by acquiring the 100 Bishopsgate development site in the City of London and 16 properties encompassing 8 million SF in three major Australian cities.[23]
13. Add paragraph on name change to Brookfield Office Properties in 2011 and add line about formation of Brookfield Residential (taken from Subsidiaries section below).
- Proposed added text:
- In 2011, Brookfield Properties divested its residential group consisting of Carma Developers and Brookfield Homes (Ontario) Ltd. to merge with Brookfield Homes Corporation to form Brookfield Residential Properties Inc.[24] That same year, Brookfield Properties changed its name to Brookfield Office Properties to reflect its focus on commercial office properties.[25][26]
14. History, paragraph 6: Remove, as it is trivial and not reflected in the source.
- Text to be removed:
- On Earth Day on April 22, 2010, the company was listed as one of Canada's "The Green 30" Organizations Based On Eco-Friendly Programs and Practices based on an employee poll.[27]
15. History, paragraph 7: Sharpen language and trim unnecessary content.
- Current text:
- Brookfield Office Properties Inc. became the dominant office landlord in the Los Angeles financial district after acquiring MPG Office Trust Inc. As one of the wealthiest real estate companies in the country, they began to aggressively seek tenants in the technology and entertainment fields, who have not been eager to locate downtown. MPG had been one of Southern California's most prominent real estate developers and a longtime L.A. office tower owner. They were known as a builder of top-quality office space in Southern California for decades, after being founded by Robert F. Maguire in the 1960s. The MPG buildings they acquired include the Gas Company Tower and the Wells Fargo Tower on Bunker Hill.[28][29]
- Proposed text:
- In 2013, Brookfield Office Properties Inc. became the largest office landlord in Los Angeles after acquiring MPG Office Trust Inc.'s downtown portfolio.[30] MPG had been one of Southern California's most prominent real estate developers and a longtime L.A. office tower owner. They were known as a builder of top-quality office space in Southern California for decades, after being founded by Robert F. Maguire in the 1960s. The MPG buildings they acquired include the Gas Company Tower, 777 Tower and the Wells Fargo Center on Bunker Hill.[31][32]
16. Add final paragraph to History on acquisition of Forest City.
- Proposed added text:
- In December 2018, Brookfield Properties took over the management of Forest City Realty Trust's real estate portfolio after the company was acquired by a fund affiliated with Brookfield Asset Management.[33]
17. Remove Associations section, as the company's membership in REBNY, while true, does not warrant noting in the article, and certainly does not deserve its own section.
18. Remove Subsidiaries and joint ventures section, as this information is now obselete with the company having gone private in 2014.
References
Dinger, Ed; Ingati, Paul (2018). "Brookfield Office Properties, Inc.". In Johnson, Drew D. (ed.). International Directory of Company Histories. Vol. 199. St. James Press. pp. 79–84. Retrieved 2019-09-25.
Dinger, Ed; Ingati, Paul (2018). "Brookfield Office Properties, Inc.". In Johnson, Drew D. (ed.). International Directory of Company Histories. Vol. 199. St. James Press. pp. 79–84. Retrieved 2019-09-25.
Dinger, Ed; Ingati, Paul (2018). "Brookfield Office Properties, Inc.". In Johnson, Drew D. (ed.). International Directory of Company Histories. Vol. 199. St. James Press. pp. 79–84. Retrieved 2019-09-25.
Dinger, Ed; Ingati, Paul (2018). "Brookfield Office Properties, Inc.". In Johnson, Drew D. (ed.). International Directory of Company Histories. Vol. 199. St. James Press. pp. 79–84. Retrieved 2019-09-25.
Dinger, Ed; Ingati, Paul (2018). "Brookfield Office Properties, Inc.". In Johnson, Drew D. (ed.). International Directory of Company Histories. Vol. 199. St. James Press. pp. 79–84. Retrieved 2019-09-25.
Dinger, Ed; Ingati, Paul (2018). "Brookfield Office Properties, Inc.". In Johnson, Drew D. (ed.). International Directory of Company Histories. Vol. 199. St. James Press. pp. 79–84. Retrieved 2019-09-25.
Dinger, Ed; Ingati, Paul (2018). "Brookfield Office Properties, Inc.". In Johnson, Drew D. (ed.). International Directory of Company Histories. Vol. 199. St. James Press. pp. 79–84. Retrieved 2019-09-25.
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