Brookfield Properties Corporation To Hold Conference Call and Webcast of 2007 Second Quarter Financial Results Friday, July 27, 2007 at 11:00 a.m. E.T.

    NEW YORK, June 21 /CNW/ - Brookfield Properties Corporation (BPO: NYSE,
TSX) announced today that its 2007 second quarter results will be released
prior to the market open on Friday, July 27, 2007. Analysts, investors and
other interested parties are invited to participate in the company's live
conference call reviewing 2007 second quarter results on Friday, July 27, 2007
at 11:00 a.m. Eastern Time. Scheduled speakers are Ric Clark, President and
Chief Executive Officer, and Bryan Davis, Chief Financial Officer.
Management's presentation will be followed by a question and answer period.

    Along with the earnings news release, an updated supplemental information
package will be available on the company's Web site, before the market open on July 27, 2007.

    To participate in the conference call, please dial 866-700-7441, pass
code 43549856 five minutes prior to the scheduled start of the call.

    A replay of this call can be accessed through August 27, 2007 by dialing
888-286-8010, pass code 73135521. A live web cast of the call will be
available at for 30 days.

    Brookfield Properties Corporation, one of North America's largest
commercial real estate companies, owns, develops and manages premier office
properties. The portfolio is comprised of interests in 113 office properties
totaling 75 million square feet in the downtown cores of New York, Boston,
Washington, D.C., Los Angeles, Houston, Toronto, Calgary and Ottawa. Landmark
assets include the World Financial Center in Manhattan, BCE Place in Toronto,
Bank of America Plaza in Los Angeles and Bankers Hall in Calgary. Brookfield
Properties also holds interests in over 16 million square feet of
high-quality, centrally-located development properties in its major markets.
Brookfield Properties trades on the NYSE and TSX under the symbol BPO.

    For more information, visit

For further information:

For further information: Brookfield Properties Corporation Melissa Coley
Vice President, Investor Relations and Communications 212-417-7215

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