Brookfield Properties

PREIT Completes Financial Restructuring and Implements Changes to Management and Board

Retrieved on: 
Monday, April 1, 2024
Management, Bankruptcy, Plan, Howard Hughes Corporation, JV, LPT, COVID-19, FDP, PREIT, Brookfield Properties, Vicinity Centres, The Rouse Company, International Council, Realty Income, VEREIT, GGP, ICSC, Fashion District Philadelphia, LP

Trade creditors and property level mortgage debt were unaffected by the restructuring.

Key Points: 
  • Trade creditors and property level mortgage debt were unaffected by the restructuring.
  • As a result of its corporate reorganization and consolidation of equity holders, PREIT is no longer an SEC reporting company.
  • In support of its go-forward business plan, PREIT is also announcing certain changes to its management and Board.
  • Mr. Coradino led PREIT through its comprehensive financial and corporate restructuring as discussed above, and now that such restructuring has been successfully completed, Mr. Coradino will no longer serve as Chief Executive Officer and trustee of PREIT, effective as of April 1, 2024.

Healing Realty Trust Further Bolsters Board of Directors with Appointment of America's Leading Mortgage Banker, Shant Banosian

Retrieved on: 
Tuesday, February 13, 2024
Acquisition, REIT, Brookfield Properties, Tenant, Guaranteed Rate, HRT, Executive, Patient, Mortgage loan, Knowledge, NNN, Publication

Shant's noteworthy expertise in mortgage lending complements the Board's existing backing of leaders across the real estate, finance, capital markets, and healthcare industries.

Key Points: 
  • Shant's noteworthy expertise in mortgage lending complements the Board's existing backing of leaders across the real estate, finance, capital markets, and healthcare industries.
  • Throughout his career spanning two decades, Shant Banosian has closed over 40,000 units and $9 billion in funded mortgage loans.
  • "The breadth of Shant's achievements is a strong testament to his unparalleled dedication to serving both his clients and communities.
  • Shant Banosian added, "The HRT team continues to make waves with their unconventional approach to the traditionally run REIT space.

Healing Realty Trust Strengthens Board of Directors with Appointment of Commercial Real Estate Leader Jared Chupaila

Retrieved on: 
Tuesday, February 6, 2024
Growth, Brookfield Properties, NNN, Howard Hughes Corporation, Patient, Tenant, The Rouse Company, HRT, Acquisition, GGP, Health

Jupiter, Florida--(Newsfile Corp. - February 6, 2024) - Healing Realty Trust ("HRT" or the "Company"), formerly known as Healing Commercial Real Estate Inc., a data-driven, self-managed real estate investment company focused on acquiring healthcare-related assets, announced that it has appointed commercial real estate leader Jared Chupaila to its Board of Directors (the "Board").

Key Points: 
  • Jupiter, Florida--(Newsfile Corp. - February 6, 2024) - Healing Realty Trust ("HRT" or the "Company"), formerly known as Healing Commercial Real Estate Inc., a data-driven, self-managed real estate investment company focused on acquiring healthcare-related assets, announced that it has appointed commercial real estate leader Jared Chupaila to its Board of Directors (the "Board").
  • Jared is the sixth member of the Company's Board, which is backed by decades of capital markets, finance, healthcare, and real estate knowledge.
  • Jared Chupaila holds nearly 25 years of experience in commercial real estate executive leadership, corporate strategy, asset management, and leasing and operations.
  • "Jared has an undeniable track record in real estate development and management, making him a formidable asset to our Board," said Joe Caltabiano, Chief Executive Officer of HRT.

The Lead Announces Sixth Annual Foremost 50 List

Retrieved on: 
Tuesday, January 30, 2024
Partnership, Brookfield Properties, Marketing, Foremost, Beauty, Acquisition, Lead, Pet, Ones, Human, Mobile phone

NEW YORK, Jan. 30, 2024 (GLOBE NEWSWIRE) -- Today, The Lead , a research-driven media company, announced the sixth annual Foremost 50 List — the annual power list recognizes 50 breakout challenger brands that are redefining fashion, beauty, and consumer.

Key Points: 
  • NEW YORK, Jan. 30, 2024 (GLOBE NEWSWIRE) -- Today, The Lead , a research-driven media company, announced the sixth annual Foremost 50 List — the annual power list recognizes 50 breakout challenger brands that are redefining fashion, beauty, and consumer.
  • The 2024 Foremost 50, presented in partnership with Broadsheet Communications, Brookfield Properties, and Ryder E-commerce — https://the-lead.co/foremost-50-2024/
    During the research process each year, The Lead also discovers brands that are on the cusp of selection for The Foremost 50 but are still in their early stages.
  • The Lead honors them by selecting them for the “Ones to Watch” List .
  • The Foremost 50 and the Ones to Watch will be honored at The Foremost 50 Forum on March 7th.

Massive Entertainment and Dining Complex Level99 Opens in Providence

Retrieved on: 
Tuesday, January 23, 2024
Other Retail, Commercial Building & Real Estate, Wine & Spirits, Construction & Property, Specialty, Electronic Games, Department Stores, General Entertainment, Food, Beverage, Entertainment, Retail, Shift, The Walt Disney Company, Brookfield Properties, Providence Place, CAVA, Wagyu, Collection, Universal, Life, Multimedia, Friends, MIT, Harvard Business School, IPO, JCPenney, Frank Pinello, Boston (magazine), Growth

After drawing more than 400,000 visitors to its Natick Mall Massachusetts headquarters in 2023, today Level99 opens at Providence Place in Rhode Island.

Key Points: 
  • After drawing more than 400,000 visitors to its Natick Mall Massachusetts headquarters in 2023, today Level99 opens at Providence Place in Rhode Island.
  • “It’s a video game come to life,” said Level99 CEO Matt DuPlessie, an MIT-trained engineer and Harvard Business School graduate who previously worked with Disney and Universal and leads the production team behind the Level99 experience.
  • “These are short, punchy, immersive challenge experiences you can’t get on your couch or a screen.”
    There are no TVs at Level99.
  • Level99 is backed by Act III Holdings, the investment vehicle led by Panera Bread Founder and longtime CEO Ron Shaich.

2023 home sales at Reed's Crossing by Newland in Hillsboro, Oregon, soar past projections

Retrieved on: 
Tuesday, December 19, 2023
Pura, Pique, Brookfield Properties, Insomnia Coffee Company, Wells Fargo, Science, Environment & Energy Publishing, STEAM, Sale, Student, Reed's, Cornelius Pass Road, City, Jamba Juice, Plant, Engineering, Shake Shack, Coffee, Hillsboro School District, Bonneville Power Administration

HILLSBORO, Ore., Dec. 19, 2023 /PRNewswire-PRWeb/ -- When 2023 began, homebuilders at Reed's Crossing by Newland had planned to sell at least 120 homes for the year within the 474-acre South Hillsboro development. With just weeks left before the end of the year, that number has exceeded projections and is on track to nearly double — to 230.

Key Points: 
  • HILLSBORO, Ore., Dec. 19, 2023 /PRNewswire-PRWeb/ -- When 2023 began, homebuilders at Reed's Crossing by Newland had planned to sell at least 120 homes for the year within the 474-acre South Hillsboro development.
  • With just weeks left before the end of the year, that number has exceeded projections and is on track to nearly double — to 230.
  • Since Reed's Crossing broke ground in late 2018, six homebuilders have sold 1,074 homes, with up to 16 additional units anticipated to sell in the remainder of December 2023.
  • "Reed's Crossing has reached an exciting turning point, with the Town Center and more outdoor amenities coming to fruition," said Peterson.

T&T SUPERMARKETS ADDS AMERICAN RETAIL ESTATE GURU TO ROSTER

Retrieved on: 
Thursday, November 16, 2023
Head, Brookfield Properties, Supermarket, Real estate, Development, T&T Supermarket, T&T, Knowledge, Environment

BELLEVUE, Wash., Nov. 16, 2023 /PRNewswire/ - T&T Supermarkets, Canada's favorite Asian grocer, is proud to announce the addition of Chris Pine, a prominent U.S. retail real estate expert, to their team.

Key Points: 
  • BELLEVUE, Wash., Nov. 16, 2023 /PRNewswire/ - T&T Supermarkets, Canada's favorite Asian grocer, is proud to announce the addition of Chris Pine, a prominent U.S. retail real estate expert, to their team.
  • T&T Supermarkets currently has 33 stores across Canada and announced earlier this year the opening of their first U.S. store in Bellevue, Washington in 2024.
  • Chris Pine, formerly Executive Vice President of Anchors and Big Box Leasing at Brookfield Properties, joins T&T Supermarkets as Head of Real Estate, T&T Supermarkets U.S.
  • He brings with him a wealth of experience in the retail industry and a deep understanding of the U.S. real estate market.

Leading Logistics Company Opens 31,000-Square-Foot Office in Chicago's Landmark Marshall Field & Company Building

Retrieved on: 
Thursday, November 9, 2023
Cloud, Macy, Brookfield Properties, WELL Health Technologies, ESG, Heart, A and B Loop, Cloud Gate, Silver, Marshall Field and Company Building, CBD, Architecture, Safety, CTA, Health, Washington Street, Biophysical environment, Social, Cresa, JLL, Telos, Marshall Field, Property management, White Spot, Social Security Government Pension Offset, LEED, Interior design, Video game, Spot

INDIANAPOLIS, Nov. 9, 2023 /PRNewswire/ -- Spot, a leading logistics company in North America, announced today the official opening of its Chicago office.

Key Points: 
  • INDIANAPOLIS, Nov. 9, 2023 /PRNewswire/ -- Spot, a leading logistics company in North America, announced today the official opening of its Chicago office.
  • Initially announced in February 2023, the 31,000–square–foot lease is for the 11th floor at 24 E. Washington Street, also known as the Marshall Field & Company Building.
  • "This is a major milestone for our company, and it reflects our commitment to growing our business in North America.
  • Having occupied a temporary space in the same building since April, the office houses over 30 sales professionals and management staff.

Reed's Crossing by Newland welcomes Holt Homes as its sixth and newest builder

Retrieved on: 
Thursday, November 9, 2023
Brookfield Properties, Bonneville Power Administration, Pacific Northwest, Reeds Crossing, Illinois, Town Center, Marketing, Reed's, SE, Greenway, Video game, Interior design, Reed

HILLSBORO, Ore., Nov. 9, 2023 /PRNewswire-PRWeb/ -- Reed's Crossing by Newland, Oregon's largest mixed-use master-planned community, announces that Holt Homes, a trusted name in new construction homes for over three decades in Oregon and Southwest Washington, is the newest and sixth builder to join the community. Starting November 11, Holt Homes invites the public to visit its Reed's Crossing model home and sales office, located at 4016 SE Link Lane, Hillsboro.

Key Points: 
  • HILLSBORO, Ore., Nov. 9, 2023 /PRNewswire-PRWeb/ -- Reed's Crossing by Newland , Oregon's largest mixed-use master-planned community, announces that Holt Homes , a trusted name in new construction homes for over three decades in Oregon and Southwest Washington, is the newest and sixth builder to join the community.
  • Starting November 11, Holt Homes invites the public to visit its Reed's Crossing model home and sales office, located at 4016 SE Link Lane, Hillsboro.
  • "With an unwavering commitment to craftsmanship, an experienced and dedicated team, and a focus on community livability, Holt Homes is a welcome addition to Reed's Crossing," said Eric Peterson, vice president of operations for Brookfield Properties.
  • Holt Homes will build 24 homes in the current and second phase of development at Reed's Crossing, including nine speculative properties currently under construction.

Vornado Names Jason Kirschner Executive Vice President – Head of Capital Markets

Retrieved on: 
Tuesday, October 10, 2023
Senior, COVID-19, Wharton School of the University of Pennsylvania, NYSE, VNO, Columbia Business School, Real estate, RXR, Capital market, Vornado Realty Trust, University, Annual report, University of Pennsylvania, Vornado, Brookfield Properties, Management, Commercial property

NEW YORK, Oct. 10, 2023 (GLOBE NEWSWIRE) -- Vornado Realty Trust (NYSE:VNO) announced the appointment of Jason Kirschner, 47, as the Company’s Executive Vice President – Head of Capital Markets. Mr. Kirschner reports to Michael Franco, Vornado’s President and Chief Financial Officer.

Key Points: 
  • NEW YORK, Oct. 10, 2023 (GLOBE NEWSWIRE) -- Vornado Realty Trust (NYSE:VNO) announced the appointment of Jason Kirschner, 47, as the Company’s Executive Vice President – Head of Capital Markets.
  • Mr. Kirschner reports to Michael Franco, Vornado’s President and Chief Financial Officer.
  • Mr. Kirschner brings more than 20 years of experience in financing both existing buildings and new developments, particularly in Manhattan.
  • Prior to joining Vornado, Mr. Kirschner was Managing Director – Finance & Capital Markets at Hudson Realty Capital, an RXR affiliate, for two years and previously served at Brookfield Properties for over 10 years, most recently as Senior Vice President – Finance & Capital Markets.