$9b Trizec deal closed.Trizec Properties, Inc. and Trizec Canada Inc. announced that they have completed the acquisition of both companies by Brookfield Properties Corporation in a transaction valued at approximately US $9 billion. Brookfield is joined in the acquisition by The Blackstone Group. In connection with the merger, Brookfield and The Blackstone Group have acquired 48 office properties comprising approximately 26 million square feet of office space located in Houston, Los Angeles, New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of , San Diego and Washington, D.C. The joint venture transaction is valued at approximately $7.2 billion. Additionally, Trizec Properties recently completed the sale of 13 office properties and certain other assets other assets Assets of relatively small value. For financial reporting purposes, firms frequently combine small assets into a single category rather than listing each item separately. totaling approximately 13.3 million square feet, located in Atlanta, Charlotte, Chicago, Dallas, and Minneapolis, as well as its joint venture interests, to affiliates of Blackstone and third parties for an aggregate cash consideration of approximately $1.8 billion. As a result of the completion of the arrangement, Trizec Canada has become a wholly owned indirect subsidiary of Brookfield Properties. Trizec Properties and Trizec Canada have applied to delist their shares from the New York Stock Exchange New York Stock Exchange (NYSE) World's largest marketplace for securities. The exchange began as an informal meeting of 24 men in 1792 on what is now Wall Street in New York City. and the Toronto Stock Exchange Toronto Stock Exchange (TSE) Canada's largest stock exchange, trading approximately 1,200 company stocks and 33 options. respectively. Morgan Stanley and JPMorgan acted as financial advisors to Trizec Properties. JPMorgan also provided a fairness opinion for Trizec Properties. Hogan & Hartson LLP LLP - Lower Layer Protocol acted as legal advisor to Trizec Properties. RBC Capital Markets RBC Capital Markets is the corporate and investment banking division of Royal Bank of Canada ("RBC"). Broker dealers Depending on the jurisdiction, the division uses different broker dealer subsidiaries of RBC:
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