2008 CPN Goldbook - (Page 20) OWNERS, INVESTORS & DEVELOPERS Brookfield Properties Corp. Brookfield Properties Corp. owns and manages 116 office properties totaling 76 million square feet in such downtown cores as Boston; Washington, D.C.; Houston; and Ottawa. Assets include The World Financial Center in Manhattan, Brookfield Place in Toronto, Bank of America Plaza in Los Angeles and Bankers Hall in Calgary, Alberta. Brookfield also holds interests in more than 17 million square feet of high-quality, centrally located development properties. The Durst Organization The Durst Organization expects to complete construction of the Bank of America Tower at One Bryant Park in Midtown Manhattan this year. The 2.1 million-square-foot high-rise will serve as the headquarters for Bank of America Corp.’s New York City operations and will increase the size of Durst’s Manhattan portfolio to almost 10 million square feet. Forest City Enterprises Inc. Forest City Enterprises Inc., a $10 billion company based in Cleveland, has interests in apartments, retail centers, offices and hotels throughout the country. Its pipeline includes lifestyle centers in Colorado, Virginia, Florida, New York, Texas and Washington, D.C., that total 3.5 million square feet. It builds long-term value with a focus on markets that have high growth potential and barriers to entry. It operates commercial, residential and land-development units. RIC CLARK President & CEO Brookfield Properties Corp. Centro Properties Group In May 2007, Australia-based retail giant Centro Properties Group completed its acquisition of Watt Cos.’ stake in Centro Watt, which owned and operated more than 700 retail centers. In April 2007, it acquired New Plan Excel Realty Trust Inc. The related assumption of debt led CEO Andrew Scott to step down; head of U.S. operations Glen Rufrano replaced him. Centro owns and operates community and neighborhood shopping centers and regional malls. Its portfolio includes more than 650 properties in 40 states. BRIAN RATNER Executive Vice President Forest City Enterprises Inc. Gale Real Estate Services Co. Gale Real Estate Services Co., a Mack-Cali Realty Corp. subsidiary, agreed in January to develop a 200,000-square-foot Class A headquarters for pharmaceutical giant sanofi-aventis U.S. L.L.C. In September 2007, Gale broke ground on the fourth building in Parsippany, N.J.’s Center of Morris County office campus. The firm offers investment and development, marketing and leasing, asset management, construction, property and MARK YEAGER facilities management, corporate advisory President Gale Real Estate Services Co. services, financing and asset disposition. Colony Capital L.L.C. Colony Capital L.L.C.’s 2007 transactions encompassed 70 assets and $4 billion in invested equity and $13.8 billion in capitalization. Investments included an infusion into Challenger Financial Services Group Ltd. to develop real estate and infrastructure in the United States, Europe and Asia and an $8.9 billion buyout of Station Casinos Inc. The firm focuses on real estate-related assets, securities and operating companies and has invested $36 billion in 8,500 assets. Crescent Real Estate Equities L.P., an affiliate of Morgan Stanley Real Estate, is headquartered in Fort Worth, Texas. Through subsidiaries and joint ventures, it owns and manages 54 premier office buildings totaling 23 million square feet in select U.S. markets, including Dallas, Houston, Denver, Miami and Las Vegas. It also holds investments in resort-residential developments in such locations as Scottsdale, Ariz.; Vail Valley, Colo.; and Lake Tahoe, Calif. Trammell Crow Residential launched construction on 13,000 multi-family units in 2007 and expects to build a similar number in 2008, including luxury and market-rate rental units. It has been one of the largest producers of U.S. multi-family housing units for the past 20 years. Headquartered in Atlanta, it has 23 offices. Chairman & CEO Ron Terwilliger is past chairman of the National Association of Home Builders Multifamily Leadership Board. THOMAS BARRACK JR. Chairman & CEO Colony Capital L.L.C. Hall Financial Group Hall Financial Group is active in commercial real estate development, ownership and management; structured-finance lending for real estate and other areas; vineyards and wineries; and oil and gas interests. The company has completed 14 buildings in its award-winning Hall Office Park in Frisco, Texas, and more are on the way. In Richardson, Texas, the company recently purchased 62 acres to develop Hall Office Park @ 190, which will CRAIG HALL include Class A buildings containing 1 milChairman & Founder Hall Financial Group lion square feet of LEED-certified space. Crescent Real Estate Equities L.P. JOHN GOFF Vice Chairman & CEO Crescent Real Estate Equities L.P. Trammell Crow Residential Hartz Mountain Industries Inc. Hartz Mountain Industries Inc. owns and manages more than 38 million square feet in 200 properties in the Northern New Jersey-New York City area. In October 2007, it completed its renovation of Tonnelle Plaza; it is now developing the mixeduse Edison Towne Square, also in New Jersey. It handles leasing, management, finance, acquisition, architecture, construction, development, planning, marketing, design and property management, allowing it to control its projects from start to finish. RON TERWILLIGER Chairman & CEO Trammell Crow Residential EMANUEL STERN President & COO Hartz Mountain Industries Inc. 20 Commercial Property News 2008 Goldbook
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