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GGP Inc.
GGP Inc. (an initialism of General Growth Properties) was an American Commercial property, commercial real estate company and the second-largest shopping mall operator in the United States. It was founded by brothers Martin Bucksbaum, Martin, Matthew Bucksbaum, Matthew and Maurice Bucksbaum in Cedar Rapids, Iowa, Cedar Rapids, Iowa in 1954, and was headquartered in Chicago, Illinois from 2000. It was subject to the largest real estate bankruptcy in American history at the time of its filing in 2009. GGP was acquired by Brookfield Property Partners, and management of its portfolio was transferred to Brookfield Properties, in 2018. Its portfolio included 125 properties comprising approximately in 40 U.S. states at the time of its acquisition, ranking behind only Simon Property Group in total square footage. History 20th century General Growth was founded in Iowa by three brothers, Martin Bucksbaum, Martin, Matthew Bucksbaum, Matthew and Maurice Bucksbaum, in 1954 as General Manag ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Commercial Property
Commercial property, also called commercial real estate, investment property or income property, is real estate (buildings or land) intended to generate a profit, either from capital gains or rental income. Commercial property includes office buildings, medical centers, hotels, malls, retail stores, multifamily housing buildings, farm land, warehouses, and garages. In many states, residential property containing more than a certain number of units qualifies as commercial property for borrowing and tax purposes. Commercial buildings are buildings that are used for commercial purposes, and include office buildings, warehouses, and retail buildings (e.g. convenience stores, ' big box' stores, and shopping malls). In urban locations, a commercial building may combine functions, such as offices on levels 2–10, with retail on floor 1. When space allocated to multiple functions is significant, these buildings can be called multi-use. Local authorities commonly maintain strict regula ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Equitable Real Estate Investment Management
Equitable Holdings, Inc. (formerly The Equitable Life Assurance Society of the United States and AXA Equitable Life Insurance Company, and also known as The Equitable) is an American financial services and insurance company that was founded in 1859 by Henry Baldwin Hyde. In 1991, French insurance firm AXA acquired majority control of The Equitable. In 2004, the company officially changed its name to AXA Equitable Life Insurance Company. By 2018, the company had over 15,800 agents licensed by the State of California. In January 2020, it changed its name to Equitable Holdings, Inc. following its spinoff from AXA and the related public offerings beginning in May 2018. History Equitable opened its headquarters at the Equitable Life Building (Manhattan), Equitable Life Building in 1870 in the Financial District, Manhattan, Financial District of Manhattan, with entrances facing Broadway (Manhattan), Broadway, Pine Street, and Cedar Street. Aside from Hyde, who was president of Equit ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Wacker Drive
Wacker Drive is a major multilevel street in Chicago, Illinois, running along the south side of the main branch and the east side of the south branch of the Chicago River in the Loop.Hayner, Don and Tom McNamee, ''Streetwise Chicago'', "Wacker Drive", p. 129., Loyola University Press, 1988, The vast majority of the street is double-decked; the upper level intended for local traffic, and the lower level for through-traffic and trucks serving buildings on the road (and originally a dock). It is sometimes cited as a precursor to the modern freeway, though when it was built the idea was that pleasure vehicles would use the upper level. It is the only street in the city that is prefixed with all four cardinal directions, albeit on different parts of its route. The drive is named for early 20th century Chicago businessman and city planner Charles H. Wacker. The upper level is normally known as Upper Wacker Drive and the lower level is Lower Wacker Drive. A short part has a third ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Crain Communications
Crain Communications Inc is an American multi-industry publishing conglomerate based in Detroit, Michigan, United States, with 13 non-US subsidiaries. History Gustavus Dedman (G.D.) Crain, Jr. ( Gustavus Demetrious Crain, Jr.; 1885–1973), previously the city editor of the ''Louisville Herald'' newspaper, founded Crain Communications in Louisville, Kentucky, in 1916, publishing two papers: ''Class'' (which later became ''BtoB'') and ''Hospital Management'' (sold in 1952)."G.D. Crain Jr. Dies at 88; Published Advertising Age" '''', December 17, 1973. The staff moved to Chicago later in 1916. [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Reuters
Reuters ( ) is a news agency owned by Thomson Reuters Corporation. It employs around 2,500 journalists and 600 photojournalists in about 200 locations worldwide. Reuters is one of the largest news agencies in the world. The agency was established in London in 1851 by the German-born Paul Reuter. It was acquired by the Thomson Corporation of Canada in 2008 and now makes up the media division of Thomson Reuters. History 19th century Paul Reuter worked at a book-publishing firm in Berlin and was involved in distributing radical pamphlets at the beginning of the Revolutions in 1848. These publications brought much attention to Reuter, who in 1850 developed a prototype news service in Aachen using homing pigeons and electric telegraphy from 1851 on, in order to transmit messages between Brussels and Aachen, in what today is Aachen's Reuters House. Reuter moved to London in 1851 and established a news wire agency at the London Royal Exchange. Headquartered in London, Reuter' ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Sears
Sears, Roebuck and Co. ( ), commonly known as Sears, is an American chain of department stores founded in 1892 by Richard Warren Sears and Alvah Curtis Roebuck and reincorporated in 1906 by Richard Sears and Julius Rosenwald, with what began as a mail ordering catalog company migrating to opening retail locations in 1925, the first in Chicago. In 2005, the company was bought by the management of the American big box discount chain Kmart, which upon completion of the merger, formed Sears Holdings. Through the 1980s, Sears was the largest retailer in the United States. In 2018, it was the 31st-largest. After several years of declining sales, Sears's parent company filed for Chapter 11 bankruptcy on October 15, 2018. It announced on January 16, 2019, that it had won its bankruptcy auction, and that a reduced number of 425 stores would remain open, including 223 Sears stores. Sears was based in the Sears Tower in Chicago from 1973 until 1995, and is currently headquartered in Hof ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Homart Development Company
Homart Development Company, a Chicago-based subsidiary of Sears, was one of the largest builders of shopping centers and malls in the United States from 1959 to 1995. Company history As retail development in the United States shifted away from downtowns with the growth of suburbia after World War II, some major department stores such as Sears moved into the business of developing malls in which to place new anchor tenant locations. Homart Development Company was founded in 1959 for the purpose of building regional shopping malls for Sears. The "Homart" brand name had been used by Sears for many years before the development company was founded. (1945 Sears advertisement includes "Homart" products) Seminary South Shopping Center in Fort Worth was their first project.("Seminary South was the first shopping center developed by Homart Development") By 1971, Homart was operating nine regional shopping locations, and had numerous others in development. It became the nation's second ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
United Press International
United Press International (UPI) is an American international news agency whose newswires, photo, news film, and audio services provided news material to thousands of newspapers, magazines, radio and television stations for most of the 20th century. At its peak, it had more than 6,000 media subscribers. Since the first of several sales and staff cutbacks in 1982, and the 1999 sale of its broadcast client list to its main U.S. rival, the Associated Press, UPI has concentrated on smaller information-market niches. History Formally named United Press Associations for incorporation and legal purposes, but publicly known and identified as United Press or UP, the news agency was created by the 1907 uniting of three smaller news syndicates by the Midwest newspaper publisher E. W. Scripps. It was headed by Hugh Baillie (1890–1966) from 1935 to 1955. At the time of his retirement, UP had 2,900 clients in the United States, and 1,500 abroad. In 1958, it became United Press Intern ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Prudential Financial
Prudential Financial, Inc. is an American Fortune Global 500 and Fortune 500 company whose subsidiaries provide insurance, retirement planning, investment management, and other products and services to both retail and institutional customers throughout the United States and in over 40 other countries. In 2019, Prudential was the largest insurance provider in the United States with $815.1 billion in total assets. The company uses the Rock of Gibraltar as its logo. Logo The use of Prudential's symbol, the Rock of Gibraltar, began after an advertising agent passed Laurel Hill, a volcanic neck, in Secaucus, New Jersey, on a train in the 1890s. The related slogans "Get a Piece of the Rock" and "Strength of Gibraltar" are also still quite widely associated with Prudential, though current advertising uses neither of these. Through the years, the symbol went through various versions, but in 1989, a simplified pictogram symbol of the Rock of Gibraltar was adopted. It has been used ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
CenterMark
CenterMark, formerly known as May Centers, was a mall development company owned by a consortium of Westfield Holdings Ltd., General Growth Properties, and Whitehall Street Real Estate L.P. III. And it was formerly owned by The May Department Stores Company until 1992, and Prudential Insurance until 1993. History The company previously developed malls under the name May Centers, Inc., which was then a subsidiary of the May Department Stores Company. The first shopping center that May Department Stores developed was an open-air shopping center that first opened in 1947 that later became the Baldwin Hills Crenshaw Plaza in Los Angeles. This shopping center grew around the second branch store of the May Company California division that opened on this site in 1947.Alternate Link via ProQuest (subscription required). A few year ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
National Real Estate Investor
Informa plc is a British publishing, business intelligence, and exhibitions group based in London, England. It is listed on the London Stock Exchange and is a constituent of the FTSE 100 Index. It has offices in 43 countries and around 11,000 employees. Informa owns numerous brands including CRC Press, Fan Expo HQ, Game Developers Conference, ''Lloyd's List'' (London Press Lloyd), Routledge, and Taylor & Francis. Informa acquired UBM in June 2018 as part of its strategy to expand in North America and Asia. History Informa itself was created in 1998 by the merger of IBC Group plc and LLP Group plc. Since then Informa has expanded considerably, including a 2004 merger with the publishing company Taylor & Francis and a 2005 acquisition of IIR Holdings, a human capital development company, for £768 million. In October 2006, the company was approached by Springer Science and Business Media in a takeover bid, but in early November the Informa board rejected the 630p per shar ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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