Trizec Properties history

But, in 1963, Webb & Knapp backed out of the Montreal development, and Eagle Star stepped in for Zeckendorf to take a larger share of Trizec for itself.

By 1965, Zeckendorf's empire began to crumble as Webb & Knapp was put into United States bankruptcy court.

By 1968, Trizec had become Canada's largest publicly owned real estate company, with assets of $241 million.

While much of the Bronfman inheritance had gone to older brothers Edgar and Charles, Edward and Peter Bronfman hired well-known Touche Ross investment analysts Trevor Eyton and Jack Cockwell to join their organization, Edper Investments, in 1969.

In 1970, Trizec acquired Cummings Properties Ltd, a Montreal-based property concern, with assets of $115 million.

While Eagle Insurance of Britain still held a majority stake in Trizec, it had become concerned with the Canadian government's Foreign Investment Review Agency (FIRA), introduced in 1974, to regulate overseas investment.

But, in 1975, Peter Bronfman asked James Soden of Trizec whether the company would consider allowing Edper to "Canadianize" Trizec.

The deal was concluded, and in 1976 the Bronfmans took control of Trizec, moving quickly to depose Soden from the company boardroom.

By February 22, 1979, the Reichmanns had paid for 7.6 million shares in English Property and launched a 50 pence per share bid for all remaining shares.

In November 1980, Trizec completed its acquisition of Ernest W. Hahn Inc.

In 1981, the company bought 20.5 percent of the common shares belonging to The Rouse Company of Columbia, Maryland.

In June 1982, on the steps of Place Ville Marie, Trizec celebrated the 20th anniversary of the downtown Montreal office complex that prompted the formation of the company.

Nevertheless, the company did not neglect the Canadian market, and in 1983 Trizec bought a further 50 percent interest in Lougheed Mall in Burnaby, just outside Vancouver, British Columbia.

Trizec enters 1984 having established itself as the premier public real estate company with the largest portfolio of income producing properties in North America."

In 1985, Trizec expanded by increasing its interest in rival Canadian property developer Bramalea Ltd. to 31 percent, with an option from a major shareholder to increase that stake to 43 percent.

By 1986, Trizec's own asset base had topped $4 billion, with investments in more than 136 properties across North America.

Furthermore, in July 1988, Trizec's interest in Bramalea was raised to 70 percent after a purchase of 3.65 million Bramalea shares.

Nevertheless, Trizec company chairperson Milavsky remarked in the company's 1991 annual report: "Our office portfolio continued to generate stable cash flow, although several new properties, which are still in the lease-up stage, were added to the rental stream during the year."

In March 1993, Trizec sold its remaining 1.5 million shares in The Rouse Company for $24 million.

In 1994, Trizec Corporation was acquired by Peter Munk's Horsham Corporation.

Horsham Corporation and Trizec Corporation were amalgamated in 1996 to form TrizecHahn Corporation.

In November 1998, the company sold a portfolio of shopping malls, including Westfield Santa Anita to Westfield Group for $1.4 billion.

In 1999, the company acquired 1 New York Plaza for $390 million from Chase Manhattan Bank.

By early 2000, 80% of TrizecHahn's revenues was from the United States and the company moved its headquarters to Chicago and sold all holdings it held in Canada, changing its name to Trizec.

In 2001, it sold noncore assets for $417 million.

In April 2002, the company received permission to convert to a public real estate investment trust.

In February 2004, the company sold its interest in Hollywood & Highland to CIM Group for $200 million.