Talk:Brookfield Properties
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This is a doomed company...
editbut it will be a long road ahead. — Preceding unsigned comment added by 67.48.122.52 (talk) 23:08, 15 November 2011 (UTC)
Updating this page
editI am a consultant that works with Brookfield Residential Properties. My goal is to factually update out of date company pages that were involved in the March 2011 transaction which formed Brookfield Residential Properties . See: http://www.brookfieldrp.com/content/2011_press_releases/brookfield_residential_and_brookfield_homes_report-26470.html
I am aware that I do have a conflict of interest. I'm here to contribute quality, neutral, verifiable information relating to the transaction and involved companies. My edits are not meant to be promotional in any way.
I am happy to discuss any concerns with my edits and offer suggestions for revisions if deemed innapropriate for Wikipedia, please contact me on my talk page. Mandatea (talk) 15:52, 2 April 2012 (UTC)
External links modified
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Edit request: change logo
editThis edit request by an editor with a conflict of interest has now been answered. |
I work for Brookfield Asset Management in the Branding & Communications group, on behalf of Brookfield Properties. I'd like to suggest a series of edits for this page. I am committed to following Wikipedia's paid editing guidelines.
The first change I'd like made is to update the logo to the actual logo of the company, which I recently uploaded and can be found at the following URL on Wikimedia Commons: https://commons.wikimedia.org/wiki/File:Brookfield_Properties_logo.png. You will see this is the company's logo by looking at the company's website which is here: www.brookfieldproperties.com.
Thank you, Dvruthven (talk) 13:43, 13 August 2019 (UTC)
Reply 13-AUG-2019
editEdit request implemented Spintendo 18:41, 13 August 2019 (UTC)
Requested move 19 August 2019
edit- The following is a closed discussion of a requested move. Please do not modify it. Subsequent comments should be made in a new section on the talk page. Editors desiring to contest the closing decision should consider a move review after discussing it on the closer's talk page. No further edits should be made to this discussion.
The result of the move request was: moved. (non-admin closure) — Newslinger talk 09:42, 27 August 2019 (UTC)
Brookfield Office Properties → Brookfield Properties – I work in Branding & Communications at Brookfield Asset Management on behalf of Brookfield Properties. I am requesting that the name of this page be moved to "Brookfield Properties". Brookfield Properties has been the actual, functional name of the company since 2017. Please refer to the corporate website (www.brookfieldproperties.com) to confirm this is the self-declared name. In addition, "Brookfield Properties" is the name media outlets overwhelmingly and currently use to refer to the organization. As per a Google News search, "Brookfield Properties" yields 10,900 hits, while searching for "Brookfield Office Properties" yields only 2,330. Finally, please note that "Brookfield Office Properties" still exists as a legal entity for Preferred Stock Dividend reasons, but it has not been the functional name of the company for some time. Dvruthven (talk) 14:11, 19 August 2019 (UTC)
- The above discussion is preserved as an archive of a requested move. Please do not modify it. Subsequent comments should be made in a new section on this talk page or in a move review. No further edits should be made to this section.
Extensive edit request
editPart of an edit requested by an editor with a conflict of interest has been implemented. 95% of the changes have been included; the rest declined under the reviewer's discretion. |
As disclosed above on this page, I work for Brookfield Asset Management in the Branding & Communications group, on behalf of Brookfield Properties.
I propose the following changes to the article, primarily with the goal of correcting, removing or updating inaccurate information, as well as adding new sourced content to the History section. I appreciate your patience in reviewing my proposed edits, as they are extensive.
Edit request
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1. Remove "more citations needed" tag, as I am providing sufficient citations here. 2. Changes to infobox:
3. Intro, paragraph 1: Update and expand.
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.
5. Trim image caption to remove unnecessary trivia.
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).
7. History, paragraph 2: Add line about acquisition of stake in Olympia & York.
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."
10. Add paragraph on spin-off of Brookfield Homes.
11. History, paragraph 4: Add detail, remove flowery language and split paragraph.
12. History, paragraph 5: Remove quotation marks, add wikilink, add better reference.
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).
14. History, paragraph 6: Remove, as it is trivial and not reflected in the source.
15. History, paragraph 7: Sharpen language and trim unnecessary content.
16. Add final paragraph to History on acquisition of Forest City.
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
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Thank you, Dvruthven (talk) 13:38, 2 October 2019 (UTC)
Hello, I've done most of the edits, but at discretion, I've kept some sourced information in the article even if it's slightly out of date. Thanks for your request! Sceptre (talk) 01:26, 3 October 2019 (UTC)
- @Sceptre: Thank you so much! I noted that a few items were not addressed, so I wanted to confirm if they are able to be made. First, I requested removal of the "more citations needed" tag (see #1 in my edit request), since we've added a significant number of citations here. Second, I requested to change the first two sentences of the article (see #3 in my edit request), in particular to change "Brookfield Office Properties Inc." to "Brookfield Properties" and "North American commercial real estate company" to "global real estate services and development company." Finally, I had requested changes to the paragraph about the events of 2005-2006 (see #11 in my edit request). It looks like the sentence on 2006 was inadvertently duplicated and the changes to the sentence on 2005 didn't make it in.
- I very much appreciate your time on this as I know there were a significant amount of changes. Thanks again for all your help! Dvruthven (talk) 12:58, 3 October 2019 (UTC)
- @Dvruthven: Hello! Thanks for alerting me of the few things I've missed. I've done the first and last things you've asked for; with regards to changing "North American" to "global", I think the practice is to use countries (or sometimes for cross-border companies regional) as a demonym, even if they're global companies (compare: Viacom (2005–present), Nestlé). I'm not overly fussed over whether it says "Canadian", "North American", or "global", though; I'm just following what seems to be best practice. Sceptre (talk) 22:10, 3 October 2019 (UTC)
- @Sceptre: Thank you again! Dvruthven (talk) 12:47, 7 October 2019 (UTC)
Merger proposal
editAs disclosed previously, I work for Brookfield Asset Management in the Branding & Communications group, on behalf of Brookfield Properties.
I would like to propose that the page "Brookfield Properties Retail Group" be merged into the "Brookfield Properties" page. I am suggesting this merger as there is technically no entity with the name "Brookfield Properties Retail Group." It does not exist as its own company, but rather is the operational group of Brookfield Properties that manages the company's retail real estate portfolio.
If you visit the website for our retail portfolio, you will see that it only refers to Brookfield Properties and not to Brookfield Properties Retail Group.
Thank you in advance for your consideration. Dvruthven (talk) 13:57, 7 October 2019 (UTC)
- Discussion opened at Wikipedia:Articles for deletion/Brookfield Properties Retail Group.-TonyTheTiger (T / C / WP:FOUR / WP:CHICAGO / WP:WAWARD) 03:17, 9 October 2019 (UTC)
- Thanks User:TonyTheTiger for doing that. I must point out that Brookfield Properties Retail Group is a division, not a subsidiary as its Infobox indicates. Do we know that all its listed assets belong to Brookfield Property Partners subsidiary Brookfield Properties? If so, then the merger is one possibility. However, I note the articles lack neutral point of view, and it may fail WP:Notability on grounds of lack of significant press coverage on its own right and, crucially, as currently written. So, I'm wondering if the following merger proposal alternative might be in order? Doug Mehus (talk) 14:29, 9 October 2019 (UTC)
- Merge with Brookfield Properties, but strongly also recommend performing a second-step merger whereby Brookfield Properties (a likely stub-class article when you cut out the wikipuffery and lack of NPOV) is merged into Brookfield Property Partners, as a separate and shrunken down section (with improved prose). If that second stage merger is not done, or even if it is, I recommend stripping out the list of Brookfield Properties Retail Group's assets and creating or merging them into a List of assets owned or controlled by Brookfield Asset Management page. Doug Mehus (talk) 14:29, 9 October 2019 (UTC)
Hi, @TonyTheTiger and Dmehus: Some time has passed, and there does not appear to be any opposition to my proposal to merge Brookfield Properties Retail Group into Brookfield Properties. I would be inclined to perform the merger myself, but I am avoiding editing these pages due to my disclosed conflict of interest. Can one of you please do the honors?
Doug, regarding your proposed second-step merger, I think the best course of action would be to first take care of the uncontroversial merger of Brookfield Properties Retail Group, and then you can propose the second merger separately at Talk:Brookfield Property Partners, where I will chime in. Thanks! Dvruthven (talk) 19:01, 22 October 2019 (UTC)
- This merger is too complicated for my level of interest. Check at WP:AN.--TonyTheTiger (T / C / WP:FOUR / WP:CHICAGO / WP:WAWARD) 11:19, 26 October 2019 (UTC)
Edit request: Merging Brookfield Properties Retail Group into Brookfield Properties
editThis edit request by an editor with a conflict of interest was declined. Per WP:MERGEREASON. |
As disclosed above, I work for Brookfield Asset Management in the Branding & Communications group, on behalf of Brookfield Properties.
In the previous section of this Talk page, I proposed the merger of Brookfield Properties Retail Group into Brookfield Properties, since, as I wrote, Brookfield Properties Retail Group "does not exist as its own company, but rather is the operational group of Brookfield Properties that manages the company's retail real estate portfolio." This can be corroborated by retail group's website, which refers only to Brookfield Properties and not to "Brookfield Properties Retail Group."
The merger proposal attracted some support and no opposition, so I am requesting that the merger be implemented, as I am avoiding editing these pages due to my disclosed conflict of interest.
I am requesting that the relevant content from Brookfield Properties Retail Group, specifically the history of GGP, be added to the History section of Brookfield Properties in the manner described in the collapsed section below, and that Brookfield Properties Retail Group redirect to Brookfield Properties.
Edit request
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Please add the following text to the end of the History section of Brookfield Properties. Everything in the "History of GGP" section is taken directly from the text found currently at Brookfield Properties Retail Group. Brookfield Properties' retail groupeditFollowing the acquisition of GGP Inc. by Brookfield Property Partners on August 28, 2018, GGP became the retail arm of Brookfield Properties.[1] Sandeep Mathrani, who served as CEO of GGP from 2010 to 2018, became CEO of Brookfield Properties' retail group upon GGP's acquisition.[2] History of GGPeditGeneral Growth was founded in Iowa by three brothers, Martin, Matthew and Maurice Bucksbaum,[3] in 1954 as General Management.[4] That year, they borrowed $1.2 million to develop their first shopping center, Town & Country Shopping Center in Cedar Rapids, Iowa, in order to open a fourth location for the grocery store founded by their father.[5] By 1964, the company owned 5 malls and moved its headquarters to Des Moines, Iowa.[4] In 1970, General Management became General Growth Properties (GGP) and became a public company via an initial public offering.[4] In 1984, the company sold its holdings to Equitable Real Estate Investment Management for $800 million in the largest-ever single-asset real estate transaction to date, but retained the property management of the assets.[6] In 1989, the company acquired Center Companies, creating the fourth-largest shopping center management company in the United States.[7][8] In 1993, the company once again became a public company via an initial public offering, raising $400 million.[8] In 1994, the company purchased a 40% interest in Centermark Properties from Prudential Financial.[9][10] In 1995, the company sold 25% of its 40% stake, yielding a profit of over $100 million. In 1995, the company also purchased the Homart Development Company from Sears for $1.85 billion.[11] In 1995, co-founder and CEO Martin Bucksbaum died and the company moved its headquarters from Des Moines to Chicago.[5][12] In 1999, John Bucksbaum succeeded his father as CEO.[13] In 2000, the company moved its headquarters from Des Moines to Chicago.[4] The company occupied a historic building on North Wacker Drive designed by architectural firm Graham, Anderson, Probst & White, that was later demolished.[14] In 2004, the company acquired The Rouse Company, which owned 37 regional shopping malls and Howard Hughes Corporation, a land development company, for $7.2 billion in cash.[15][16] By 2008, the company had taken on $25 billion in debt and the company was facing required debt payments. John Bucksbaum was ousted as CEO, though he remained chairman of the board, and Adam Metz was named CEO.[13] In December 2008, hedge fund manager Bill Ackman disclosed a 25% ownership stake in the company.[17] In 2009, the company missed a deadline to repay $900 million in loans backed by two Las Vegas properties, putting the company in danger of filing for bankruptcy protection. At that point, the stock price was down 98% in 12 months.[18] The Bucksbaum family's stake in the firm, which was worth $2.5 billion in 2005,[12] had declined in value by a similar amount.[13] On April 16, 2009, the company filed one of the largest real estate bankruptcies ever and received $375 million in debtor-in-possession financing from Pershing Square Capital Management, the hedge fund managed by Bill Ackman.[19] In February 2010, Brookfield Asset Management made a $2.625 billion equity investment in the company.[20][21] In November 2010, the company exited bankruptcy protection. Creditors were paid in full and equity holders made a "substantial" recovery of their investment, both of which are unusual in bankruptcy filings.[22] In conjunction with the reorganization, the company spun off Howard Hughes Corporation to its shareholders.[23] In December 2010, CEO Adam Metz and President and COO Thomas Nolan left the company and Sandeep Mathrani, formerly the head of the retail division of Vornado Realty Trust, was named CEO.[24] In 2011, the company sold Faneuil Hall for $140 million.[25] In January 2012, the company completed the spin off of The Rouse Company to its shareholders.[23] In 2013, co-founder Matthew Bucksbaum died.[4] In February 2014, Bill Ackman sold his remaining shares in the company back to the company for $556 million.[26] In April 2015, the company acquired the Crown Building for $1.78 billion.[27] In January 2017, the company changed its name to GGP Inc.[28] References
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Thank you, Dvruthven (talk) 20:44, 30 October 2019 (UTC)
Reply 30-OCT-2019
editWrong venue. Please use WP:MERGEREQ
- Please note that any requested merger involving a conflict of interest is automatically assumed to be controversial in nature; thus, an uncontroversial merger as described by the COI editor would not be possible.
- The previous forum used was WP:AFD. In order to complete this "first stage merger" — which is merging selective material from this article into another — the request should be submitted via selective merge requests. That is the appropriate forum for implementing this request.
- More information and assistance may be found at WP:PROPMERGE.
Regards, Spintendo 23:54, 30 October 2019 (UTC)
Edit request: regarding recent addition of "subsidiary"
editThis edit request by an editor with a conflict of interest has now been answered. |
I work for Brookfield Asset Management in the Branding & Communications group, on behalf of Brookfield Properties.
Recently, an editor added Center Parcs UK as a subsidiary of Brookfield Properties. This is incorrect; it is owned by Brookfield Property Partners, not Brookfield Properties (source). Please revert this change.
Separately, in the edit prior to the most recent one, someone added a question mark following the "Net income" number in the infobox. Please remove that as well.
Thank you! Dvruthven (talk) 13:13, 21 February 2020 (UTC)
Reply 21-FEB-2020
edit- The two previous edits to the article have been removed as requested.
Regards, Spintendo 14:20, 21 February 2020 (UTC)
September 2020 layoffs
editThis edit request by an editor with a conflict of interest has now been answered. |
I work for Brookfield Asset Management in the Branding & Communications group, on behalf of Brookfield Properties.
User:Pmaccabe recently added a section called "2020s" with the sentence: "In September 2020 the company announced a layoff of 20% of employee's, around 200 people." For accuracy's sake, please change "the company" to "the company's retail group." This is an important distinction because the retail group is only one of several sectors of Brookfield Properties, and the current language incorrectly suggests that the layoffs will affect 20% of the entire company's employees, rather than 20% of Brookfield Properties' retail group alone. Thank you! Dvruthven (talk) 12:24, 14 October 2020 (UTC)
Lead section
editHello, I work for Brookfield Properties and would like to propose the restoration (potentially in revised form) of two lines that were removed from the lead about two months ago.
The first line that was removed on the basis of WP:NOTADIRECTORY noted that the company's real estate portfolio "includes facilities in the office, multifamily residential, retail, hospitality, and logistics industries." Far from being a trivial list of assets, though, these are basic categories of commercial real estate (see Commercial property#Types of commercial property). It's important to mention these categories in the lead so readers can understand, on a very basic level, what types of real estate Brookfield Properties manages.
In addition, a list of the company's locations was also removed in the same edit: "Brookfield Properties operates corporate offices in New York City, Toronto, London, Sydney, and São Paulo." I agree that this sentence was unwieldy and went into unnecessary detail for the lead - and would be even worse now, since the company now has offices in nine countries, not five. I would instead propose including a version of that sentence without the list - something like: "As of 2024, Brookfield Properties operates corporate offices in nine countries around the world.[1]
Graywalls, what do you think?
References
- ^ "Contact us at Brookfield Properties". Brookfield Properties.
Thank you, Claudiailagan (talk) 13:59, 21 June 2024 (UTC)
- I have added back the categories of real estate to the lead, as I do not think this violates WP:NOTDIR. The previous edit over-simplified the lead, since (for example) the commercial real estate and residential real estate are distinct sectors of the real-estate industry, and it doesn't really help to remove this detail.I will leave the second part of this edit request for later (or for someone else to address). On my talk page, I asked Claudiailagan to provide secondary sources for the list of the company's locations. Here are the sources that Claudiailagan provided:
- – Epicgenius (talk) 15:33, 27 June 2024 (UTC)
- (I must add that the source for China is not a reliable source, per WP:GLOBALTIMES. I haven't checked the other sources yet.) – Epicgenius (talk) 15:38, 27 June 2024 (UTC)
- Thank you for implementing the first part of the edit, Epicgenius. In response to your diligence, here are some better sources to support that Brookfield Properties operates in China: [1], [2]. I apologize that my original source was unreliable. I hope this will help you to finish working on the request. Thank you, Claudiailagan (talk) 18:52, 1 July 2024 (UTC)
- Thanks for the response, @Claudiailagan. Although the Variety source seems reliable, I think it may be better for you to make a formal edit request for the second half of your edit, since I am unfamiliar with the other sources you listed. – Epicgenius (talk) 18:55, 1 July 2024 (UTC)
- Thanks Epicgenius, I took your advice and am opening a new edit request. I appreciate your input. Claudiailagan (talk) 21:13, 2 July 2024 (UTC)
- Thanks for the response, @Claudiailagan. Although the Variety source seems reliable, I think it may be better for you to make a formal edit request for the second half of your edit, since I am unfamiliar with the other sources you listed. – Epicgenius (talk) 18:55, 1 July 2024 (UTC)
- Thank you for implementing the first part of the edit, Epicgenius. In response to your diligence, here are some better sources to support that Brookfield Properties operates in China: [1], [2]. I apologize that my original source was unreliable. I hope this will help you to finish working on the request. Thank you, Claudiailagan (talk) 18:52, 1 July 2024 (UTC)
- (I must add that the source for China is not a reliable source, per WP:GLOBALTIMES. I haven't checked the other sources yet.) – Epicgenius (talk) 15:38, 27 June 2024 (UTC)
Updates to Brookfield Properties locations
editThe user below has a request that an edit be made to Brookfield Properties. That user has an actual or apparent conflict of interest. The requested edits backlog is moderate. Please be patient. There are currently 139 requests waiting for review. Please read the instructions for the parameters used by this template for accepting and declining them, and review the request below and make the edit if it is well sourced, neutral, and follows other Wikipedia guidelines and policies. |
As per the request in the above conversation, I am posting a new edit request to address the issue of the company’s locations that were deleted from the lead a few months ago. Since the company has now added additional international offices, and it would be too long to list all 9 locations, I propose that the following sentence be added to the lead:
- As of 2024, Brookfield Properties operates corporate offices in nine countries around the world.[1].
In addition to the above primary source and the sources for the 4 locations (Canada, the UK, Australia, and the US) that are already included on the page, here are sources for the 5 remaining locations:
I hope you will consider adding the sentence to the lead. Thank you. Claudiailagan (talk) 21:15, 2 July 2024 (UTC)
- I have since done some additional research, and I have found some more prominent secondary sources to back up the primary (WP:ABOUTSELF) information at the Brookfield Properties contact page:
- Canada, US, UK: https://www.bloomberg.com/news/articles/2023-01-31/brookfield-snaps-up-dws-s-secondaries-arm-in-private-equity-push ("Toronto-based Brookfield's London and New York offices")
- Australia: https://www.bloomberg.com/news/articles/2021-06-17/pianos-personal-space-help-brookfield-lure-staff-back-to-office ("Brookfield's new office in Sydney")
- India, UAE: https://www.theglobeandmail.com/business/article-brookfields-new-head-of-private-equity-plans-to-double-the-business ("Brookfield's offices in Mumbai and in Dubai")
- Germany: https://www.perenews.com/kic-joins-brookfield-on-potsdamer-platz-purchase/ ("Brookfield's Berlin office")
- China: https://www.forbes.com/sites/antoinegara/2018/04/15/bruce-flatt-brookfield-china/ ("Brookfield has a team of thirty investors in its Shanghai offices")
- Brazil: https://www.wsj.com/articles/SB10001424052702303404704577309592927236020/ ("The company, which has been in Brazil since... 1910")
- Pinging Epicgenius, per our discussion at his user talk page. Thank you, Claudiailagan (talk) 14:27, 31 July 2024 (UTC)
References
- ^ "Contact us at Brookfield Properties". Brookfield Properties.