Trizec Properties Corporation Profile and Timeline

Trizec Properties Corporation was a leading commercial real estate investment trust (REIT) in North America. The company was formed in 1973.

Trizec Properties Corporation was founded by a group of investors led by David Glickman.

The company's name, Trizec, is a combination of the words "three" and "excel."

Trizec Properties Corporation was a publicly traded company listed on the Toronto Stock Exchange and the New York Stock Exchange.

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Trizec Properties is a Delaware corporation that is part of a larger group of companies. It is one of the companies governed by the Delaware General Corporation Law.

The company has several subsidiaries, including Trizec Hahn Corporation, which is governed by the Business Corporations Act (Ontario), and Trizec Canada Inc., which is governed by the Canada Business Corporations Act. 4007069 Canada Inc. is also a subsidiary, governed by the same act.

Trizec Properties is the parent company of several other corporations, including Trizec Hahn Corporation, Trizec Canada Inc., and 4007069 Canada Inc. These companies are all part of the Trizec Properties group.

Here is a list of the companies mentioned in the article:

These companies are all affiliated with each other, and together they form the Trizec Properties group.

Trizec Properties was acquired by Brookfield Properties Corp. and the Blackstone Group for $4.8 billion plus the assumption of $4.1 billion in debt.

The deal was the second-largest takeover of a real estate investment trust, after General Growth Properties Inc.'s purchase of Rouse Cos. for $11.3 billion in 2004.

Brookfield will pay $29.01 a share for Chicago-based Trizec and $30.97 for its Canadian subsidiary, which is 18% more than Trizec's closing price Friday and 30% more for Trizec Canada.

Trizec manages 61 office complexes with 40 million square feet, and had $4.7 billion in assets in 2005.

Shares of Brookfield rose 19 cents to $31.17, and Trizec shares jumped $4.08, or 17%, to $28.68, the highest since the REIT began trading in April 2002.

The deal is part of a larger trend of increasing takeovers of commercial U.S. REITs, which have soared 87% to $52.3 billion this year from the same period in 2005.

Trizec Properties was founded in 1969 by a group of investors, marking the beginning of the company's journey in the real estate industry.

The company's early years focused on developing and managing office buildings, with a notable early project being the construction of the First Canadian Place in Toronto.

In the 1980s, Trizec Properties began to expand its portfolio through strategic acquisitions, including the purchase of several office buildings in major cities across the United States.

The company's growth continued throughout the 1990s, with a significant increase in its portfolio of office and retail properties.

Trizec Properties was acquired by Blackstone Group in 2006, marking a significant shift in the company's ownership and direction.

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