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Brookfield Property Partners
Brookfield Property Partners L.P. is a global commercial real estate firm that is a publicly traded limited partnership and a subsidiary of Brookfield Asset Management, an alternative asset management company. Its portfolio includes properties in the office, multi-family residential, retail, hospitality, and logistics industries throughout North America, Europe, and Australia. Its subsidiary Brookfield Properties is responsible for the management of these facilities. History Brookfield Property Partners (BPY) was formed through a spin-off from Brookfield Asset Management in April 2013. On April 15, 2013, shares of BPY began trading on the Toronto and New York Stock Exchanges. The new company formed by the spin-off consolidated all of Brookfield's commercial property assets in one place. Between October 2013 and October 2014, BPY surpassed one million square feet of leasing deals in London. In June 2014, BPY completed the acquisition of Brookfield Office Properties (BPO) throu ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Master Limited Partnership
In the United States, a master limited partnership (MLP) or publicly traded partnership (PTP) is a publicly traded entity taxed as a partnership. It combines the tax benefits of a partnership with the liquidity of publicly traded securities. To obtain the tax benefits of a pass through, MLPs must generate at least 90% or more of their income from qualifying sources such as from production, processing, storage, and transportation of depletable natural resources and minerals. In addition, real property rents also qualify. While the "MLP" and "PTP" terms are commonly used interchangeably, MLPs are technically a type of limited partnership that conducts its operations through subsidiaries, and are not always publicly traded. While most PTPs are organized as MLPs, a PTP may be organized as a limited liability company that elects to be taxed as a partnership. History In 1981, Apache Corporation formed the United States' first MLP, Apache Petroleum Company (APC). Apache’s success d ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Europe
Europe is a large peninsula conventionally considered a continent in its own right because of its great physical size and the weight of its history and traditions. Europe is also considered a Continent#Subcontinents, subcontinent of Eurasia and it is located entirely in the Northern Hemisphere and mostly in the Eastern Hemisphere. Comprising the westernmost peninsulas of Eurasia, it shares the continental landmass of Afro-Eurasia with both Africa and Asia. It is bordered by the Arctic Ocean to the north, the Atlantic Ocean to the west, the Mediterranean Sea to the south and Asia to the east. Europe is commonly considered to be Boundaries between the continents of Earth#Asia and Europe, separated from Asia by the drainage divide, watershed of the Ural Mountains, the Ural (river), Ural River, the Caspian Sea, the Greater Caucasus, the Black Sea and the waterways of the Turkish Straits. "Europe" (pp. 68–69); "Asia" (pp. 90–91): "A commonly accepted division between Asia and E ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Industrial Developments International
Industrial Developments International (IDI) is a privately held real estate investment trust (REIT). In 2013, the company was valued at $1.8 billion, with nearly 7 million square feet under development in nine states and ownership or interests in millions of square feet of investment grade assets. In addition to leasing and investment services, IDI has also constructed industrial facilities in the U.S., Canada and Mexico. History IDI was established in 1989 in Atlanta by Henry "Greg" Gregory and a few partners, including former president and chief executive officer Timothy Gunter. The company started with $35 million in investments from Japan-based parent company, Kajima, and a bridge loan from First Union National Bank, now Wells Fargo. IDI was one of the first companies to approach industrial development from a national standpoint to meet customers' needs. In 2013, IDI was acquired by Brookfield Asset Management (BAM). In 2014, IDI and Gazeley, a European industrial real est ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Saks Fifth Avenue
Saks Fifth Avenue (originally Saks & Company; Colloquialism, colloquially Saks) is an American Luxury goods, luxury department store chain headquartered in New York City and founded by Andrew Saks. The original store opened in the F Street and 7th Street shopping districts, F Street shopping district of Washington, D.C. in 1867. Saks expanded into Manhattan with its Herald Square store in 1902 and Saks Fifth Avenue flagship store, flagship store on Fifth Avenue in 1924. The chain was acquired by Tennessee-based Proffitt's, Inc. (renamed Saks, Inc.) in 1998, and Saks, Inc. was acquired by the Canadian-founded Hudson's Bay Company (HBC) in 2013. Subsidiary Saks Off 5th, originally a clearance store for Saks Fifth Avenue, is now a large off-price retailer in its own right managed independently from Saks Fifth Avenue under HBC. History Early history Andrew Saks was born to a German Jewish family, in Baltimore. He worked as a peddler and paper boy before moving to Washington, D ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Hudson's Bay Company
The Hudson's Bay Company (HBC; french: Compagnie de la Baie d'Hudson) is a historically Anglo-Canadian but now American-owned retail business group. A fur trading business for much of its existence, HBC now owns and operates retail stores in Canada and the United States. In 2006, an American businessman, Jerry Zucker, bought HBC for US$1.1 billion. The company sold most of its European operations by August 2019 and its remaining stores there, in the Netherlands, were closed by the end of 2019. HBC owns the Saks Fifth Avenue and Saks Off 5th stores in the United States; most other American operations were sold by mid-2019 and the last remaining stores (Lord & Taylor chain) were sold prior to the end of 2019. The company's namesake business division is Hudson's Bay, commonly referred to as The Bay ( in French). After incorporation by English royal charter in 1670, the company functioned as the ''de facto'' government in parts of North America for nearly 200 years until t ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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