Working at Brookfield Properties’ retail group | Glassdoor

Brookfield Properties’ retail group Overview

Chicago, IL
1001 to 5000 employees
1986
Subsidiary or Business Segment
Real Estate
$2 to $5 billion (USD) per year
Simon Property Group, Macerich
Brookfield Properties is a global real estate services company, managing, leasing and re-envisioning one of the largest retail portfolios in the United States. Our regional shopping centers create a sense of place in the key markets throughout the country, encompassing ... Read more

Brookfield Properties’ retail group Reviews

  • Helpful (1)

    "Good company - best job I've ever had"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Specialty Leasing
    Current Employee - Specialty Leasing
    Recommends
    Neutral Outlook
    No opinion of CEO

    I have been working at Brookfield Properties’ retail group full-time (More than 3 years)

    Pros

    They seem very invested in their employees. It's a truly fun industry to work in and I feel lucky every day that I get to come in to work. I consider myself one of the lucky few who actually get excited about the prospects of my day and what I can accomplish. Not that there aren't ever bad days, every job has them.

    There is no bigger high, no more fulfilling feeling than closing a really great deal. It's a fantastic feeling and it never gets old for me. I love working with small businesses, helping them to succeed. I'm truly invested in their success, because when they succeed, I do to. I truly value the relationships with the tenants that I have and when you're genuine and sincere, they know it. When they know you're sincere, they are much more willing to work with you. This business is built and broken on the reputation you develop. Tenants talk to each other. I know this because all sorts of things that I've told one tenant finds its way back to me through the mouth of another.

    To succeed in this job, you need 3 attributes: competitiveness, integrity, and empathy. If you don't have all 3 of those in abundance, you will fail.

    Cons

    Not so much a "con", but this is a big challenge -- A big focus is leasing RMUs and the budgets for them remain aggressive. However, RMU leasing is becoming a bigger and bigger challenge each year. Kiosk leasing is doing a great job of filling up space, but that means we lose RMU spaces without getting a break in the budget if a RMU converts to Kiosk. The perm leasing team is also doing a lot of deals with less-favorable conditions in leases, agreeing to heavy kiosk restrictions in the common area without the appropriate rents to make up for the lost income in business development.

    Because RMU leasing is becoming a challenge, I do worry about the future prospects for my position in particular. If we ever reach a point where we simply do away with RMUs, I sometimes wonder if my position will even be necessary.

    Advice to Management

    It would be nice to have a formal development program. I was kind of thrown to the wolves and figured the job out, but I have a great team around me who helped me learn the job. I'd like to make a transition into another position within the company someday, but there doesn't seem like a good path to follow to get into it.

    This is more of a neutral observation than anything, but this company seems to have a cultish belief that malls are invincible to changing economic situations. The industry is going through a rough patch, but if you ask anyone in leadership, no one has a pessimistic outlook that they will admit to, it seems to be all sunshine and rainbows. I understand the incentive to keep a positive outlook to keep morale and investors happy, but it's also important to be more honest and not just recognize, but embrace the challenges that this industry faces. You can't solve a problem you refuse to acknowledge. THAT BEING SAID, I too personally believe that malls are going to be okay in the future. There's never going to be a day that shoppers don't want to have a shopping experience where they get to physically walk into a store and browse and spend money. Those who say that you can find things cheaper online have a point, but no one ever goes to malls because they're necessarily trying to find the cheapest possible goods. They're going for the shopping experience.

    I truly love this company, and I consider it a privilege to be a part of it.

See All 239 Reviews

Brookfield Properties’ retail group Photos

Brookfield Properties’ retail group photo of: Work spaces at office headquarters
Brookfield Properties’ retail group photo of: Work spaces at office headquarters
Brookfield Properties’ retail group photo of: Patio at the office
Brookfield Properties’ retail group photo of: Inspirational message at the office
Brookfield Properties’ retail group photo of: Fashion Show
Brookfield Properties’ retail group photo of: Main Office
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Brookfield Properties’ retail group Interviews

Experience

Experience
59%
22%
19%

Getting an Interview

Getting an Interview
46%
23%
17%
7
7

Difficulty

2.6
Average

Difficulty

Hard
Average
Easy
  1. Helpful (9)  

    Associate Accountant Interview

    Anonymous Employee in Chicago, IL
    Accepted Offer
    Positive Experience
    Difficult Interview

    Application

    I applied online. The process took 5+ weeks. I interviewed at Brookfield Properties’ retail group (Chicago, IL) in March 2014.

    Interview

    Applied online: March 5
    Phone interview: March 13
    In-person interview: March 14

    The phone interview went nicely. The lady at HR was very nice and polite even though I did jump the gun sometimes and accidentally interrupted. One of the questions she asked was if I was planning to get my Masters and she did note that not all the Directors have CPAs but many have their Masters.

    After the in-person interview they said if I don't hear back for a few weeks, that they did not forget about me and they are still interviewing more people. I interviewed with four Property Accountants, 2 at a time, took about 1 hour. They were all very nice and at times, it was quiet, and I could feel a little awkwardness but not too much.

    I called for a follow-up on April 10 after not hearing anything and HR said another recruiter would be contacting me.
    Offer made on April 11.
    Start date May 1.

    I think the interview is naturally a long process because they have to consider your background and education before making an offer. When I asked how much the pay was, it was a range, and not just a number.

    Interview Questions

    • Why do you want to go into real estate? I was not expecting this question.   Answer Question

    Negotiation

    I really wanted this job and was overexcited and accepted right away. They offered me more than I expected and also more than my job (which I am overpaid in). She basically said, "After talking with the managers, we are willing to offer you this much, $xx,xxx, is this something you are okay with?"

See All 38 Interviews

Brookfield Properties’ retail group Awards & Accolades

  • GRESB Green Star, Global Real Estate Sustainability Benchmark (GRESB) Survey, 2016
  • Security 500 List, Security Magazine, 2016
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