Transwestern
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.
| Founded | 1978  |
|---|---|
| Headquarters | Houston, Texas |
Key people | Robert Duncan, Chairman Larry Heard, CEO Mark Doran, COO Adam Altsuler, CFO, Steve Harding, CTO Allison Allen, CHRO Bruce Ford President, East Region Chip Clarke, President, Americas |
Number of employees | More than 2,100[1] |
| Subsidiaries | Ridge Development Delta Associates Transwestern Realty Finance Partners, L.L.C. [2] |
| Website | transwestern |
- Advisory Groups
- Agency Leasing
- Asset Services
- Capital Markets
- Consulting Services
- Technology
- Tenant Advisory + Workplace Solutions
In 1978, the company was founded as a real estate development company[3] by Robert Duncan.[4]
During the recession of the late 1980s and early 1990s, the company converted into a services business.[3]
Beginning in 1994, the company expanded into the West, Southwest and Midwest regions of the United States.[3]
In 1995, the company acquired Delta Associates, a provider of market research.[5]
In 1998, the company acquired Carey Winston, the largest commercial real estate broker in the Washington, D.C. metropolitan area.[3] That year, Transwestern Commercial[4] co-founder and chairman Randall K. Rowe was elected chairman of the National Realty Committee.[6]
In January 2001, the company brokered a $113 million, 15-year lease for Oblon in Arlington, Virginia.[7]
In January 2011, Transwestern acquired Fort Worth[8]-based NAI Huff Partners.
In September 2013, Transwestern acquired the Boston firm of Richards Barry Joyce & Partners LLC.[9][10]
In January 2014, the company acquired Epic Realty Partners LLC, based in Chicago, Illinois, to grow its industrial business.[11]
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.[12]
In February 2015, Transwestern Strategic Partners, the discretionary investment management arm of the company, acquired a property in Scottsdale, Arizona for $58.5 million.[13]
In March 2017, the company acquired Chicago-based tenant advisory firm Tru Office Advisors.[14]
- Haggerty, Maryann (May 20, 1998). "MERGER IN OFFING FOR CAREY WINSTON". The Washington Post.
- "Mortgage adviser JTD, Transwestern Commercial merge" THOMAS A. CORFMAN Chicago Tribune. May 1, 2001. Accessed February 26, 2023.
- 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.
- "ZELL GROUP ALUMNUS ROWE CHOSEN TO HEAD INDUSTRY LOBBYING GROUP" J. Linn Allen, Chicago Tribune. June 16, 1998. Accessed February 26, 2023.
- "Transwestern exec prefers behind-the-scenes role". The Washington Times. February 26, 2001.
- "FT. WORTH-BASED NAI HUFF PARTNERS MERGES WITH TRANSWESTERN - Transwestern.com". www.transwestern.com. Retrieved 2017-10-25.
- Ross, Casey (September 5, 2013). "Richards Barry Joyce firm is sold". The Boston Globe.
- Pulsinelli, Olivia (September 10, 2013). "Transwestern expands into Boston, eyes Northwest and Latin America". American City Business Journals.
- Greenwood, Giselle (January 16, 2014). "Transwestern buys Chicago firm to grow industrial presence". American City Business Journals.
- "Transwestern Development Co. And Ridge Property Trust Principals Partner To Expand North American Industrial Platform" (Press release). PR Newswire. March 26, 2014.
- Seemeyer, Kristian (February 18, 2015). "Lincoln Towne Center Trades for $59M". GlobeSt.com.
- "TRU Office Advisors acquired by Transwestern". RE Journal. March 22, 2017.