Transwestern

Last updated
Transwestern
Founded1978  OOjs UI icon edit-ltr-progressive.svg
Headquarters Houston, Texas
Key people
Robert Duncan, Chairman
Larry Heard, CEO
Steve Harding, COO
Adam Altsuler, CFO,
Allison Allen, CHRO
Bruce Ford President, East Region
Chip Clarke, President, Americas,
Greg Munson, President TRS,
Carleton Riser, President TDC,
Charles Hazen President TIG
Number of employees
More than 2,100 [1]
Subsidiaries Ridge Development
Delta Associates
Transwestern Realty Finance Partners, L.L.C. [2]
Website transwestern.com

Transwestern is a privately held real estate firm providing Agency Leasing, Tenant Advisory, Capital Markets, Asset Services and Research to owners of commercial real estate. Additionally, they have expertise in development and investment management. [3]

Contents

Services

History

In 1978, the company was founded as a real estate development company [4] by Robert Duncan. [5]

During the recession of the late 1980s and early 1990s, the company converted into a services business. [4]

Beginning in 1994, the company expanded into the West, Southwest and Midwest regions of the United States. [4]

In 1995, the company acquired Delta Associates, a provider of market research. [6]

In 1998, the company acquired Carey Winston, the largest commercial real estate broker in the Washington, D.C. metropolitan area. [4] That year, Transwestern Commercial [5] co-founder and chairman Randall K. Rowe was elected chairman of the National Realty Committee. [7]

In the early 2000s, Transwestern Real Estate Services expanded into 30 markets. [8]

In January 2001, the company brokered a $113 million, 15-year lease for Oblon in Arlington, Virginia. [9]

In January 2011, Transwestern acquired Fort Worth [10] -based NAI Huff Partners.

In 2013, Transwestern Development Company was established to develop speculative and build-to-suit projects. [11]

In September 2013, Transwestern acquired the Boston firm of Richards Barry Joyce & Partners LLC. [12] [13]

In January 2014, the company acquired Epic Realty Partners LLC, based in Chicago, Illinois, to grow its industrial business. [14]

In March 2014, the company formed a joint venture with the principals of Chicago-based Ridge Property Trust called Ridge Development to expand its industrial development platform. [15]

In February 2015, Transwestern Strategic Partners, the discretionary investment management arm of the company, acquired a property in Scottsdale, Arizona for $58.5 million. [16]

In March 2017, the company acquired Chicago-based tenant advisory firm Tru Office Advisors. [17]

In May 2022, Transwestern expanded its North American presence through alliance with Canada-based ENCOR Advisors. [18]

In 2022, Transwestern Hospitality Group was created to focus on hospitality, investment, development and operations. [19]

In January 2023, Transwestern acquired MB Real Estate in Chicago and boutique firms in Washington D.C. [20]


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References

  1. ↑ "Transwestern".
  2. ↑ Form S-11 SEC. July 29, 2009, page 1. Accessed February 26, 2023.
  3. ↑ https://transwestern.com/family-of-companies
  4. 1 2 3 4 Haggerty, Maryann (May 20, 1998). "MERGER IN OFFING FOR CAREY WINSTON". The Washington Post .
  5. 1 2 "Mortgage adviser JTD, Transwestern Commercial merge" THOMAS A. CORFMAN Chicago Tribune. May 1, 2001. Accessed February 26, 2023.
  6. ↑ Sernovitz, Daniel J. (February 3, 2015). "Exclusive: Delta Associates CEO Greg Leisch stepping down after 35 years of real estate analysis". American City Business Journals .
  7. ↑ "ZELL GROUP ALUMNUS ROWE CHOSEN TO HEAD INDUSTRY LOBBYING GROUP" J. Linn Allen, Chicago Tribune. June 16, 1998. Accessed February 26, 2023.
  8. ↑ Transwestern | Employees
  9. ↑ "Transwestern exec prefers behind-the-scenes role". The Washington Times . February 26, 2001.
  10. ↑ "FT. WORTH-BASED NAI HUFF PARTNERS MERGES WITH TRANSWESTERN - Transwestern.com". www.transwestern.com. Retrieved 2017-10-25.
  11. ↑ Transwestern development MW Logistics | Transwestern
  12. ↑ Ross, Casey (September 5, 2013). "Richards Barry Joyce firm is sold" . The Boston Globe .
  13. ↑ Pulsinelli, Olivia (September 10, 2013). "Transwestern expands into Boston, eyes Northwest and Latin America". American City Business Journals .
  14. ↑ Greenwood, Giselle (January 16, 2014). "Transwestern buys Chicago firm to grow industrial presence". American City Business Journals .
  15. ↑ "Transwestern Development Co. And Ridge Property Trust Principals Partner To Expand North American Industrial Platform" (Press release). PR Newswire. March 26, 2014.
  16. ↑ Seemeyer, Kristian (February 18, 2015). "Lincoln Towne Center Trades for $59M". GlobeSt.com .
  17. ↑ "TRU Office Advisors acquired by Transwestern". RE Journal. March 22, 2017.
  18. ↑ ENCOR Advisors Announces New Partner
  19. ↑ Family of Company | Transwestern
  20. ↑ https://transwestern.com/news-detail/transwestern-acquires-prominent-chicago-commercial-real-estate-firm-mb-real-esta
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