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Reichmann Family
The Reichmann/Reichman family is a Jewish-Canadian family best known for their property empire built through the Olympia and York company which relied on a carefully constructed image and secrecy to obtain billions in loans on property already leveraged to untenable debt loads, loans made by banks on assumptions which ultimately turned out to be wholly unjustified when the Reichmans family company was ultimately shown the be a house of cards and forced into bankruptcy owing more than twice what their family was supposedly worth. At the family's peak, their combined wealth was estimated at $13 billion, while unknown to anyone outside the family at the time of this estimation, they were actually in debt owing billions more than the family was supposedly worth to banks and creditors, the fourth-richest family on the planet on paper. The family's fortunes were found to be wildly overstated relying on bank loans and secrecy until finally they were forced to declare bankruptcy, partic ...
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Beled
Beled is a town in Győr-Moson-Sopron county, Hungary with a population of around 2.5k people.Reference 1 Beled is the ancestral home of the Jewish-Canadian Reichmann family, who are best known for their Olympia and York Olympia & York (also spelled as Olympia and York, abbreviated as O&Y) was a major international property development firm based in Toronto, Canada. The firm built major financial office complexes including Canary Wharf in London, the World Fina ... property empire References External links * in Hungarian Street map External links Official data for Beled Populated places in Győr-Moson-Sopron County {{Gyor-geo-stub ...
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Auschwitz-Birkenau
Auschwitz concentration camp ( (); also or ) was a complex of over 40 concentration and extermination camps operated by Nazi Germany in occupied Poland (in a portion annexed into Germany in 1939) during World War II and the Holocaust. It consisted of Auschwitz I, the main camp (''Stammlager'') in Oświęcim; Auschwitz II-Birkenau, a concentration and extermination camp with gas chambers; Auschwitz III-Monowitz, a labor camp for the chemical conglomerate IG Farben; and dozens of subcamps. The camps became a major site of the Nazis' final solution to the Jewish question. After Germany sparked World War II by invading Poland in September 1939, the ''Schutzstaffel'' (SS) converted Auschwitz I, an army barracks, into a prisoner-of-war camp. The initial transport of political detainees to Auschwitz consisted almost solely of Poles for whom the camp was initially established. The bulk of inmates were Polish for the first two years. In May 1940, German criminals brought to the ...
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Abitibi-Price
Abitibi Consolidated Inc. was a Canadian pulp and paper company based in Montreal, Quebec. Abitibi-Consolidated was formed from the merger of Abitibi-Price Inc. and Stone Consolidated Corp. on May 29, 1997; the Company merged with Bowater in 2007 to form AbitibiBowater. Operations A network of 19 paper mills, 20 sawmills, 4 remanufacturing facilities and 2 engineered wood facilities, located in Canada, the United States and the United Kingdom, supplied publishers, printers, building products distributors and housing manufacturers in over 70 countries. It had approximately 12,500 employees. A global leader in newsprint, commercial printing papers and wood products, the Company saw combined revenues of $4.85 billion in 2006. Number one in Canada in terms of total certified woodlands, Abitibi-Consolidated was also one of the largest recyclers of newspapers and magazines, serving 21 metropolitan areas in North America and the United Kingdom. In addition, the Company had significa ...
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World Financial Center (Manhattan)
Brookfield Place (previously named and still commonly referred to as the World Financial Center) is a shopping center and office building complex in the New York City borough of Manhattan. It is located in the Battery Park City neighborhood, across West Street from the World Trade Center, and overlooks the Hudson River. The complex is currently owned and managed by Brookfield Properties, a subsidiary of Brookfield Asset Management. History Designed by architect César Pelli, with Adamson Associates, the World Financial Center complex was built by Olympia and York from 1983 to 1988 on the landfill used to build Battery Park City. During the September 11 attacks in 2001, debris severely damaged the lobby and lower floors' granite cladding and glass. It has since been fully restored and significant repairs were made to the other buildings in the complex. The Winter Garden Atrium received major structural damage to its glass and steel frame, but ceremonially reopened on Septembe ...
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First Canadian Place
First Canadian Place (originally First Bank Building) is a skyscraper in the Financial District of Toronto, Ontario, at the northwest corner of King and Bay streets, and serves as the global operational headquarters of the Bank of Montreal. At , it is Canada's tallest skyscraper and the 15th tallest building in North America to structural top (spires) and 9th highest to the rooftop, and the 105th tallest in the world. It is the third tallest free-standing structure in Canada, after the CN Tower (also in Toronto) and the Inco Superstack chimney (projected to be demolished) in Sudbury, Ontario. The building is owned by Manulife Financial Corporation (50 per cent) in addition to a private consortium of investors including CPP Investments. The building is managed by Brookfield Properties. History and architecture First Canadian Place is named for Canada's first bank, the Bank of Montreal. Designed by B+H Architects with Edward Durell Stone as a design consultant, First Canadian Plac ...
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Property Development
Real estate development, or property development, is a business process, encompassing activities that range from the renovation and re-lease of existing buildings to the purchase of raw land and the sale of developed land or parcels to others. Real estate developers are the people and companies who coordinate all of these activities, converting ideas from paper to real property. Real estate development is different from construction or housebuilding, although many developers also manage the construction process or engage in housebuilding. Developers buy land, finance real estate deals, build or have builders build projects, develop projects in joint venture, create, imagine, control, and orchestrate the process of development from the beginning to end.New York Times, March 16, 1963, "Personality Boom is Loud for Louis Lesser" Developers usually take the greatest risk in the creation or renovation of real estate and receive the greatest rewards. Typically, developers purchase a t ...
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Privately Held Company
A privately held company (or simply a private company) is a company whose shares and related rights or obligations are not offered for public subscription or publicly negotiated in the respective listed markets, but rather the company's stock is offered, owned, traded, exchanged privately, or Over-the-counter (finance), over-the-counter. In the case of a closed corporation, there are a relatively small number of shareholders or company members. Related terms are closely-held corporation, unquoted company, and unlisted company. Though less visible than their public company, publicly traded counterparts, private companies have major importance in the world's economy. In 2008, the 441 list of largest private non-governmental companies by revenue, largest private companies in the United States accounted for ($1.8 trillion) in revenues and employed 6.2 million people, according to ''Forbes''. In 2005, using a substantially smaller pool size (22.7%) for comparison, the 339 companies on ...
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Olympia & York
Olympia & York (also spelled as Olympia and York, abbreviated as O&Y) was a major international property development firm based in Toronto, Canada. The firm built major financial office complexes including Canary Wharf in London, the World Financial Center in New York City, and First Canadian Place in Toronto. It went bankrupt in the early 1990s and was recreated to eventually become Olympia & York Properties. History Early years The company was founded by Paul Reichmann and his brothers, Albert and Ralph, in Toronto in the early 1950s as an outgrowth of their Olympia Flooring and Tile Company. It first built and operated warehouses and other commercial buildings in Toronto. Its first major project was the development of the vast Flemingdon Park project on Don Mills Road. The company then took a major gamble, winning the fierce bidding war for the final undeveloped property at the corner of King and Bay street (the geographic heart of Canada's financial district). The Reichman ...
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Israel
Israel (; he, יִשְׂרָאֵל, ; ar, إِسْرَائِيل, ), officially the State of Israel ( he, מְדִינַת יִשְׂרָאֵל, label=none, translit=Medīnat Yīsrāʾēl; ), is a country in Western Asia. It is situated on the southeastern shore of the Mediterranean Sea and the northern shore of the Red Sea, and shares borders with Lebanon to the north, Syria to the northeast, Jordan to the east, and Egypt to the southwest. Israel also is bordered by the Palestinian territories of the West Bank and the Gaza Strip to the east and west, respectively. Tel Aviv is the economic and technological center of the country, while its seat of government is in its proclaimed capital of Jerusalem, although Israeli sovereignty over East Jerusalem is unrecognized internationally. The land held by present-day Israel witnessed some of the earliest human occupations outside Africa and was among the earliest known sites of agriculture. It was inhabited by the Canaanites ...
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Toronto
Toronto ( ; or ) is the capital city of the Canadian province of Ontario. With a recorded population of 2,794,356 in 2021, it is the most populous city in Canada and the fourth most populous city in North America. The city is the anchor of the Golden Horseshoe, an urban agglomeration of 9,765,188 people (as of 2021) surrounding the western end of Lake Ontario, while the Greater Toronto Area proper had a 2021 population of 6,712,341. Toronto is an international centre of business, finance, arts, sports and culture, and is recognized as one of the most multicultural and cosmopolitan cities in the world. Indigenous peoples have travelled through and inhabited the Toronto area, located on a broad sloping plateau interspersed with rivers, deep ravines, and urban forest, for more than 10,000 years. After the broadly disputed Toronto Purchase, when the Mississauga surrendered the area to the British Crown, the British established the town of York in 1793 and later designat ...
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Tile
Tiles are usually thin, square or rectangular coverings manufactured from hard-wearing material such as ceramic, stone, metal, baked clay, or even glass. They are generally fixed in place in an array to cover roofs, floors, walls, edges, or other objects such as tabletops. Alternatively, tile can sometimes refer to similar units made from lightweight materials such as perlite, wood, and mineral wool, typically used for wall and ceiling applications. In another sense, a tile is a construction tile or similar object, such as rectangular counters used in playing games (see tile-based game). The word is derived from the French word ''tuile'', which is, in turn, from the Latin word ''tegula'', meaning a roof tile composed of fired clay. Tiles are often used to form wall and floor coverings, and can range from simple square tiles to complex or mosaics. Tiles are most often made of ceramic, typically glazed for internal uses and unglazed for roofing, but other materials are also c ...
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Montreal
Montreal ( ; officially Montréal, ) is the List of the largest municipalities in Canada by population, second-most populous city in Canada and List of towns in Quebec, most populous city in the Provinces and territories of Canada, Canadian province of Quebec. Founded in 1642 as ''Fort Ville-Marie, Ville-Marie'', or "City of Mary", it is named after Mount Royal, the triple-peaked hill around which the early city of Ville-Marie is built. The city is centred on the Island of Montreal, which obtained its name from the same origin as the city, and a few much smaller peripheral islands, the largest of which is Île Bizard. The city is east of the national capital Ottawa, and southwest of the provincial capital, Quebec City. As of 2021, the city had a population of 1,762,949, and a Census Metropolitan Area#Census metropolitan areas, metropolitan population of 4,291,732, making it the List of the largest municipalities in Canada by population, second-largest city, and List of cen ...
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