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 |
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.
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]