Brookfield Properties Corporation


           Ever since the terrorist attacks I have been very interested in the buildingsof New York City.  Then I found this company, Brookfield PropertiesCorporation, which is a reality company with offices located in New YorkCity and Canada.  In the attacks, none of their building were severelydamaged, but One Liberty Plaza does need to repair windows and the lobbyalso needs repairs.  Brookfield Properties also owns the World FinancialCenter, which is right next to the World Trade Center Towers.  Duringand after the attacks, Brookfield Properties had some of their people stayat the World Financial Center to make sure that all still ran correctlyand to make sure that nothing blew up when the electricity was going offand on.  All that needs to be done with the towers of the World FinancialCenters is clean up.  To find out this information, I went to thecompany's web site and I found the email address of the investor relationsperson.  I sent them an e-mail, telling them about this project, andI heard back from them on the same day.  Since then I have receivedtwo more e-mails from them and I also received a package full of reportsthat I don't understand and newspaper articles that people living in Iowawouldn't have seen.  Brookfield Properties Corporation is right therein the middle of the destruction from the attacks, and they are doing somethingabout it.  This is why I chose Brookfield Properties Corporation.
           In the early 1920's, Brookfield Properties Corporation was started containingmany different little outlets in the real estate business.  In 1990there was a decision made to invest capital.  This lead to the opportunityto own 45 million square feet of property to build their offices. There are different little buildings owned by Brookfield Properties allover the country, but the majority of them are in New York City, Boston,and Toronto, Canada.  To add to these buildings, Brookfield Propertieshas also built an office management services business.  This coversand manages more then 120 million square feet of real estate and a residentialdevelopment business.  Brookfield Properties' headquarters is in theNew York City office, but all the executive people are in the Toronto office.
           The business operations that Brookfield Properties focuses mainly on areCommercial Properties, Services Businesses, and Master-Planned Communities. The cities where the offices for Commercial Properties are located areNew York City, Boston, Denver, Minneapolis, and Toronto and Calgary inCanada.  The services offered by the Services Businesses are BrookfieldLePage, Johnson Controls, and Brookfield Ventures.  Finally, the stateswhere there are Master-Planned Communities are California, Colorado, Virginia,Maryland, Florida, and Toronto, Calgary, and Edmonton in Canada.
           Today Brookfield Properties Corporation is run by nine main people. Gordon Arnell is the Chairman of BPC, Bruce Flatt is the Deputy Chairman-Elect,and Rick Clark is the President and CEO-Elect.  The President andCEO is David Arthur, the Executive Vice President and Chief Financial Officeris Steven Douglas, and Ian Cockwell is the President and Chief ExecutiveOfficer of the Residential Group of Brookfield Properties.  The lastthree head people are Peter Nesbitt, the President and Chief ExecutiveOfficer of the Residential Group in the Eastern Region; Alan Norris, thePresident and Chief Executive Officer of the Carma Corporation; and KatherineVyse, the Senior Vice President and the Investor of Relations and Communicationperson for Brookfield Properties Corporation.
           The most recent action of Brookfield Properties Corporation would haveto be on November 19, 2001.  BPC and The Canapen Group of Companiessigned a long term lease for around 200,000 square feet at the Hudson'sBay Centre, located in Toronto, with a company that is a major internationalone.  Brookfield Properties and Canapen Group are going to share theuse of this space and are currently redeveloping the building.  Theyare putting in new windows, elevators, and life safety systems.  Theyplan on being done with the building by June of 2002.
           For this project I e-mailed and faxed the investor relations person, KatherineVyse, the same letter and she replied to me within five minutes of sendingthe email.  They sent me numerous e-mails and a folder full of thingslike media reports, annual reports, and things that I have no idea howto read.  I was very surprised but at the same time pleased that theytook the time to get in touch with me, especially during this time afterthe terrorist attacks.