Brookfield, Chase Capital Partners, CIBC Capital Partners And Trilon Capital Partners Real Estate Form Technology Partnership.Business Editors NEW YORK--(BUSINESS WIRE)--Nov. 7, 2000 Brookfield Properties Corporation (NYSE NYSE See: New York Stock Exchange :BPO BPO Business Process Outsourcing BPO Benevolent & Protective Order (of Elks of the USA) BPO Benzoyl Peroxide BPO Business Process Optimization BPO Broker Price Opinions BPO Buffalo Philharmonic Orchestra )(TSE See Tokyo Stock Exchange. TSE 1. See Tokyo Stock Exchange (TSE). 2. See Toronto Stock Exchange (TSE). :BPO.), Chase Capital Partners (CCP (Certified Computer Professional) The award for successful completion of a comprehensive examination on computers offered by the ICCP. See ICCP and certification. . 1. (language) CCP - Concurrent Constraint Programming. 2. ), the private equity affiliate of The Chase Manhattan Corporation The Chase Manhattan Corporation was a bank holding company formed as parent of the Chase Manhattan Bank. During its time as the parent company, it was led in succession by David Rockefeller, Willard C. Butcher, and Thomas G. Labrecque. (CMB Noun 1. CMB - (cosmology) the cooled remnant of the hot big bang that fills the entire universe and can be observed today with an average temperature of about 2. :NYSE), CIBC CIBC Canadian Imperial Bank of Commerce CIBC Centres Interinstitutionnels de Bilan de Compétences CIBC Commonwealth Institute of Biological Control (Trinidad) CIBC Commercial International Brokerage Company Capital Partners, a subsidiary of the Canadian Imperial Bank of Commerce The Canadian Imperial Bank of Commerce TSX: CM NYSE: CM, better known to most customers as CIBC, is one of Canada's major banks. CIBC is classified as a Domestic Chartered Bank (Schedule I). (CM: TSE, BCM BCM Baylor College of Medicine BCM Become BCM Business Communications Manager (Nortel) BCM Broadcom Corporation BCM Business Continuity Management BCM Business Contact Manager (Microsoft) : NYSE) and Trilon Capital Partners, a subsidiary of Trilon Financial Corporation (TFC TFC Traffic TFC Traffic (logging abbreviation) TFC Team Fortress Classic (game) TFC The Filipino Channel TFC Thin Film Composite (type of reverse osmosis membrane) .a: TSE), today announced the formation of a real estate technology partnership. The mandate of the venture is to provide venture capital, primarily to emerging technology companies, for new telecommunication and technology-based products and service initiatives for real estate companies and their tenants. The venture will leverage both the operational expertise and real estate portfolio of Brookfield Properties and the venture capital experience of the other participants. Mathew Lori, Principal of Chase Capital Partners stated that "it is the combination of Brookfield's market position and our investment experience that will position the venture to capitalize on opportunities emerging from the convergence of real estate and technology." Bill Pringle, e-ffinity properties inc. Chief Executive Officer, added that "with potential access to over 100 million square feet of high quality tenants including Brookfield's owned and managed North American North American named after North America. North American blastomycosis see North American blastomycosis. North American cattle tick see boophilusannulatus. office properties, Brookfield is positioned to take advantage of opportunities. The partnership provides a vehicle for leveraging Brookfield's market position and ability to bring leading edge business-to-business services to tenants of Brookfield's properties as well as other office properties." e-ffinity also announced, in a separate transaction, that they intend to co-sponsor a further partnership with Philadelphia-based The Rubenstein Company, L.P., that will consist of several office owners that control properties in the United States. This partnership would be formed to make capital investments, identified by e-ffinity, in real estate technology companies to which the fund's participants also contribute access to their properties. David Rubenstein, President of The Rubenstein Company, L.P., stated "the combined contributions of the participating companies will ensure that all of our buildings and tenants receive exceptional services from the best real estate technology companies as identified by e-ffinity's strong management team and approved by e-ffinity's partners. In addition, the participants in the venture will be able to invest capital in the selected companies." About Brookfield Properties Corporation Brookfield Properties Corporation, with over US $8 billion in assets, owns, manages and develops premier North American office properties, operates real estate service businesses and develops master planned communities. The Brookfield portfolio includes 50 properties totaling 37 million square feet, including landmark properties such as The World Financial Center in 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 and BCE BCE abbr. 1. Bachelor of Chemical Engineering 2. Bachelor of Civil Engineering BCE Abbreviation for before the Common Era. Place in Toronto. Brookfield is inter-listed on the New York and Toronto Stock Exchanges under the symbol BPO. For more information, visit the Brookfield Properties website at www.brookfieldproperties.com. About Chase Capital Partners Chase Capital Partners (CCP) is a global partnership with approximately $20 billion under management. It is a leading provider of private equity and has closed over 1000 individual transactions since its inception in 1984. CCP has over 220 investment professionals in seven offices throughout the world. Its primary limited partner is The Chase Manhattan Corporation, one of the largest bank holding companies in the United States. For additional information, please visit www.chasecapital.com. About CIBC Capital Partners The Merchant Banking division of CIBC World markets CIBC World Markets is the investment banking division of the Canadian Imperial Bank of Commerce. It helps governments, large companies, and other large institutions obtain capital and credit and is a primary dealer in U.S. Treasury securities. is a leader within North America. It is invested in over 400 companies and in approximately 100 private equity funds around the world Its merchant banking activities include private equity investments in venture capital, leveraged buyouts, and recapitalizations. Its venture capital investments are primarily focused on telecommunications, technology and health care. Merchant Banking professionals are located in New York, Menlo Park and Toronto. About The Rubenstein Company Founded in 1969, The Rubenstein Company, L.P., together with its affiliates, is a fully integrated real estate organization which owns, manages, leases and operates a portfolio with a value of approximately $1 billion of office buildings in Pennsylvania, Delaware, Georgia, and Virginia. It is the largest owner of Class-A office space in the Philadelphia Central Business District. The Rubenstein Company, L.P., is one of the largest private real estate investment trusts in the Mid-Atlantic. For additional information, visit The Rubenstein Company, L.P.'s website at TRCLP.COM About Trilon Capital Partners Trilon Capital Partners manages almost $2 billion in private equity and other funds for itself and on behalf clients. Trilon Capital is the general partner of its newly created $100 million Trilon Opportunity Fund which invests in technology companies with immediate commercial application. For more information visit www.trilon.ca |
|
||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion