After the destruction Second World War had brought upon Manila, and the subsequent closure of Nielson Field, the town grew rapidly, and real estate values boomed. The first of the planned communities (in what are now the barangays Forbes Park, Urdaneta, San Lorenzo and Bel-Air) were established in the 1950s with the efforts of its landowner, Ayala y Compañía. At the same time, Fort McKinley, then renamed Fort Bonifacio, and the then Philippine Army headquarters, became the starting point for the building up of seven more communities by military families who worked in the base area. The first office buildings were built on what is now the Makati Central Business District. Since the late 1960s, Makati has transformed into the financial and commercial capital of the country.