Commercial property in the context of "Brookfield Properties"

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⭐ Core Definition: 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 U.S. 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 regulations on commercial zoning, and have the authority to designate any zoned area as such; a business must be located in a commercial area or area zoned at least partially for commerce.

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👉 Commercial property in the context of Brookfield Properties

Brookfield Properties is a North American subsidiary of commercial real estate firm Brookfield Property Partners, which itself is a subsidiary of alternative asset management company Brookfield Corporation. It is responsible for the asset management of the company's real estate portfolio, including office, multi-family residential, retail, hospitality, and logistics buildings. Brookfield Properties acquired General Growth Properties, one of the largest mall operators in the U.S., and merged it into Brookfield Properties in 2018. As of 2024, Brookfield Properties operates corporate offices in nine countries around the world, including China, India, Germany and the US.

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Commercial property in the context of Construction management

Construction management (CM) is a professional service that applies project management techniques to the planning, design, and construction of a project, from its beginning to its completion. The goal of CM is to control a project's scope, time, cost, and quality (sometimes called the project management triangle or "triple constraints") to achieve the owner’s objectives.

Practitioners of construction management are called construction managers. They combine knowledge of building science and business management to coordinate and deliver capital projects such as commercial real estate, transportation infrastructure, and military infrastructure. Professional services firms in North America and Europe increasingly provide CM alongside related specialties such as critical path method (CPM) scheduling, delay analysis, and expert witness testimony for construction disputes.

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Commercial property in the context of Hudson's Bay Company

The Hudson's Bay Company (abbreviated HBC and colloquially Hudson's Bay) is a Canadian holding company of department stores and commercial property. It is the oldest corporation in North America, founded in 1670, although the company is in the process of being liquidated. It is headquartered at the Simpson Tower in Toronto.

The founding royal charter, issued by King Charles II, granted the company the right of "sole trade and commerce" over the Rupert's Land territory, the borders of which were based on the Hudson Bay drainage basin. It controlled the fur trade throughout English and later British North America, and was its de facto government until it relinquished control of the land to Canada in 1869. The company then diversifed with the ownership and operation of several retail businesses throughout the latter country. It established its namesake department stores in 1881, the Home Outfitters home furnishings stores in 1999, and acquired the Zellers and Fields discount stores in 1978. It also owned several regional department stores that were eventually converted to The Bay, including Morgan's, Simpsons, and Woodward's. Expansions beyond Canada included the United States, where it owned department stores including Lord & Taylor, Saks Fifth Avenue, and Saks Off 5th in the 2010s; and the Netherlands, where it sold its remaining stores in 2019.

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Commercial property in the context of Port of Oakland

The Port of Oakland is the port authority for the city of Oakland, California, United States. Its primary responsibilities are the operation of the Oakland Seaport and the Oakland San Francisco Bay Airport. It also operates a commercial real estate business as the owner of Jack London Square, Airport Business Park, and more than 875 acres (354 ha) of waterfront property. It operates a municipal electric utility that serves port-owned properties.

As an independent city department, the port authority is led by seven port commissioners who are nominated by the mayor of Oakland and appointed by the Oakland City Council. It is self-funded, with an annual operating revenue of $409 million as of 2023.

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Commercial property in the context of Nick Leslau

Nick Leslau (born 18 August 1959) is an English commercial property investor and the chairman and chief executive of Prestbury Investment Holdings Limited, and chairman of Prestbury Investments LLP. He is a 30 percent shareholder in Prestbury's AIM listed Secure Income REIT. He has an estimated net wealth of £800million. Secure Income REIT owns 20 private hospitals and 55 Travelodge hotels in the UK.

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Commercial property in the context of Unibail-Rodamco-Westfield

Unibail-Rodamco-Westfield SE (previously Unibail-Rodamco SE) is a multinational commercial real estate company headquartered in Paris, France, and is the owner and operator of Westfield shopping centres in the European Union, United Kingdom and the United States. Its history originates with the formation of initially two separate shopping centre operators, Unibail (founded in France in 1968) and Rodamco Europe (founded in the Netherlands in 1999), which merged in 2007 and became a societas Europaea in 2009. In 2018, Unibail-Rodamco merged with Australian shopping centre operator Westfield Corporation to form the current company.

Many of its shopping centres use the Westfield brand launched by Australian Westfield Group in 1960 and shared with Scentre Group for properties in Australia and New Zealand since 2014. As of 2024, Unibail-Rodamco-Westfield is the largest commercial real estate company in Europe, and is a component of the Euro Stoxx 50 stock market index, as well as the French CAC40. Its portfolio consists of retail property, office buildings, and convention centers within Europe and North America. Retail properties owned by Unibail-Rodamco before the merger carry the Westfield name. As of July 2022, the group owned 87 shopping centres.

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Commercial property in the context of Cushman & Wakefield

Cushman & Wakefield Inc. is an American global commercial real estate services firm. The company's corporate headquarters is located in Chicago, Illinois. It is named after co-founders J. Clydesdale Cushman and Bernard Wakefield.

Cushman & Wakefield is among the world's largest commercial real estate services firms, with revenues of US$9.5 billion in 2023. The company operates from approximately 400 offices in 60 countries, has around 52,000 employees and manages about 5,100 million sq ft (470 million m) of commercial space.

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Commercial property in the context of Commercial mortgage

A commercial mortgage is a mortgage loan secured by commercial property, such as an office building, shopping center, industrial warehouse, or apartment complex. The proceeds from a commercial mortgage are typically used to acquire, refinance, or redevelop commercial property.

Commercial mortgages are structured to meet the needs of the borrower and the lender. Key terms include the loan amount (sometimes referred to as "loan proceeds"), interest rate, term (sometimes referred to as the "maturity"), amortization schedule, and prepayment flexibility. Commercial mortgages are generally subject to extensive underwriting and due diligence prior to closing. The lender's underwriting process may include a financial review of the property and the property owner (or "sponsor"), as well as commissioning and review of various third-party reports, such as an appraisal.

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Commercial property in the context of Door breaching

Door breaching is a process used by military, police, or emergency services to force open closed or locked doors. A wide range of methods are available depending on the door's opening direction (inward or outward), construction materials, etc., and one or more of these methods may be used in any given situation. In the United States, residential doors typically open inward while commercial building doors usually open outward. Some breaching methods require specialized equipment and can be categorized as one of the following: mechanical breaching, ballistic breaching, hydraulic breaching, explosive breaching, or thermal breaching.

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