September 25, 2001 |
TrizecHahn Corp., a Canadian real estate company headed by financier Peter Munk, said it's forming a real estate investment trust that will own its U.S. office assets and benefit from U.S. tax laws. The creation of the REIT is part of a plan by TrizecHahn to focus on its U.S. office properties and sell the rest of its assets, spokesman Rick Matthews said.
November 5, 2002 |
Trizec Properties Inc.'s third-quarter loss widened as the second-largest U.S. office owner on Monday again cut the value of its two biggest retail projects, including a Hollywood development that is the home of the Academy Awards show. The net loss increased to $254.3 million, or $1.70 a share, from $8.49 million, or 6 cents, a year earlier, the co-owner of Chicago's Sears Tower said. Revenue rose 5.7% to $244 million in the quarter.
June 6, 2006 |
Brookfield Properties Corp., owner of the World Financial Center in Lower Manhattan, and buyout firm Blackstone Group agreed to acquire Trizec Properties Inc. for $4.8 billion plus the assumption of $4.1 billion in debt, the second-largest takeover of a real estate investment trust. Trizec, whose chairman is Canadian real estate mogul Peter Munk, would almost triple Toronto-based Brookfield's U.S.
October 17, 2000 |
After building countless suburban shopping malls, real estate giant TrizecHahn is betting hundreds of millions of dollars that Southern Californians are ready for something different. Hollywood & Highland, a $560-million retail and entertainment complex that will serve as the permanent home for the Academy Awards show, is being built in Hollywood by TrizecHahn's development arm.
December 20, 1986 |
Congressional and Canadian investigators are trying to determine whether a former member of the Canadian Parliament, who is active in a staunch anti-communist group that has supplied aid to the Nicaraguan rebels, played a role in the diversion of Iran arms profits to the contras.
June 28, 1991 |
Design exhibitions are the visual equivalent of bringing on the Rockettes glittering with sequins and prancing like ponies. You can let your hair down at a design show. If it is like the one opening Sunday at the Los Angeles County Museum of Art, you can have a good wallow in the-way-we-were nostalgia. Titled "Design 1935-1965: What Modern Was," it consists of some 250 examples of the decorative art that succeeded Art Nouveau and Art Deco.