transwestern
{{Infobox company
| name = Transwestern
| key_people = Robert Duncan, Chairman
Larry Heard, CEO
Steve Harding, COO
Adam Altsuler, CFO,
Allison Allen, Chief Human Resources Officer
Frances Thomson, Chief Marketing Officer
Bruce Ford President, East Region
Chip Clarke, President, Americas,
Greg Munson, President TRS,
Carleton Riser, President TDC,
Charles Hazen President TIG
| subsid = Ridge Development
Delta Associates
Transwestern Realty Finance Partners, L.L.C.[https://www.sec.gov/Archives/edgar/data/1469071/000119312509158270/ds11.htm Form S-11] SEC. July 29, 2009, page 1. Accessed February 26, 2023.
| hq_location = Houston, Texas
| num_employees = More than 2,100{{Cite web|url=https://fortune.com/best-workplaces-camaraderie/2015/transwestern/|title=Transwestern}}
| homepage = {{url|https://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.https://transwestern.com/family-of-companies
[https://transwestern.com/services Services]
- Advisory Groups
- Agency Leasing
- Asset Services
- Capital Markets
- Consulting Services
- Technology
- Tenant Advisory + Workplace Solutions
History
In 1978, the company was founded as a real estate development company{{cite news | url=https://www.washingtonpost.com/archive/business/1998/05/20/merger-in-offing-for-carey-winston/3188722b-cf1a-4e20-83b3-1283f17c7965/ | title=MERGER IN OFFING FOR CAREY WINSTON | first=Maryann | last=Haggerty | work=The Washington Post | date=May 20, 1998}} by Robert Duncan.
During the recession of the late 1980s and early 1990s, the company converted into a services business.
Beginning in 1994, the company expanded into the West, Southwest and Midwest regions of the United States.
In 1995, the company acquired Delta Associates, a provider of market research.{{cite news | url=https://www.bizjournals.com/washington/breaking_ground/2015/02/exclusivedelta-associates-ceo-greg-leisch-stepping.html | title=Exclusive: Delta Associates CEO Greg Leisch stepping down after 35 years of real estate analysis | first=Daniel J. | last=Sernovitz | work=American City Business Journals | date=February 3, 2015}}
In 1998, the company acquired Carey Winston, the largest commercial real estate broker in the Washington, D.C. metropolitan area. That year, Transwestern Commercial[https://www.chicagotribune.com/news/ct-xpm-2001-05-02-0105020201-story.html "Mortgage adviser JTD, Transwestern Commercial merge"] THOMAS A. CORFMAN
Chicago Tribune. May 1, 2001. Accessed February 26, 2023. co-founder and chairman Randall K. Rowe was elected chairman of the National Realty Committee.[https://www.chicagotribune.com/news/ct-xpm-1998-06-17-9806170325-story.html "ZELL GROUP ALUMNUS ROWE CHOSEN TO HEAD INDUSTRY LOBBYING GROUP"] J. Linn Allen, Chicago Tribune. June 16, 1998. Accessed February 26, 2023.
In the early 2000s, Transwestern Real Estate Services expanded into 30 markets.Transwestern | Employees
In January 2001, the company brokered a $113 million, 15-year lease for Oblon in Arlington, Virginia.{{cite news | url=http://www.washingtontimes.com/news/2001/feb/26/20010226-021244-6265r/ | title=Transwestern exec prefers behind-the-scenes role | work=The Washington Times | date=February 26, 2001}}
In January 2011, Transwestern acquired Fort Worth{{Cite web|url=https://www.transwestern.com/media/news/pages/TRANSWESTERN-MERGES-WITH-FT.-WORTH-BASED-NAI-HUFF-PARTNERS.aspx|title=FT. WORTH-BASED NAI HUFF PARTNERS MERGES WITH TRANSWESTERN - Transwestern.com|website=www.transwestern.com|access-date=2017-10-25}}-based NAI Huff Partners.
In 2013, Transwestern Development Company was established to develop speculative and build-to-suit projects.Transwestern development MW Logistics | Transwestern
In September 2013, Transwestern acquired the Boston firm of Richards Barry Joyce & Partners LLC.{{cite news | url=https://www.bostonglobe.com/business/2013/09/05/boston-real-estate-firm-richards-barry-joyce-and-partners-acquired-transwestern-houston/ExA1lQPNNZXr2QLtVZcQsK/story.html | title=Richards Barry Joyce firm is sold | first=Casey | last=Ross | work=The Boston Globe | date=September 5, 2013 |url-access=subscription}}{{cite news | url=https://www.bizjournals.com/houston/news/2013/09/09/transwestern-expands-into-boston.html | title=Transwestern expands into Boston, eyes Northwest and Latin America | first=Olivia | last=Pulsinelli | work=American City Business Journals | date=September 10, 2013}}
In January 2014, the company acquired Epic Realty Partners LLC, based in Chicago, Illinois, to grow its industrial business.{{cite news | url=https://www.bizjournals.com/houston/news/2014/01/16/transwestern-buys-chicago-firm.html | title=Transwestern buys Chicago firm to grow industrial presence | first=Giselle | last=Greenwood | work=American City Business Journals | date=January 16, 2014}}
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.{{cite press release | url=http://www.prnewswire.com/news-releases/transwestern-development-co-and-ridge-property-trust-principals-partner-to-expand-north-american-industrial-platform-252453511.html | title=Transwestern Development Co. And Ridge Property Trust Principals Partner To Expand North American Industrial Platform | publisher=PR Newswire | date=March 26, 2014}}
In February 2015, Transwestern Strategic Partners, the discretionary investment management arm of the company, acquired a property in Scottsdale, Arizona for $58.5 million.{{cite news | url=https://www.globest.com/sites/globest/2015/02/13/lincoln-towne-center-trades-for-59m/ | title=Lincoln Towne Center Trades for $59M | first=Kristian | last=Seemeyer | work=GlobeSt.com | date=February 18, 2015}}
In March 2017, the company acquired Chicago-based tenant advisory firm Tru Office Advisors.{{cite news | url=https://www.rejournals.com/articles/2017/03/tru-office-advisors-acquired-by | title=TRU Office Advisors acquired by Transwestern | work=RE Journal | date=March 22, 2017}}
In May 2022, Transwestern expanded its North American presence through alliance with Canada-based ENCOR Advisors.ENCOR Advisors Announces New Partner
In 2022, Transwestern Hospitality Group was created to focus on hospitality, investment, development and operations.Family of Company | Transwestern
In January 2023, Transwestern acquired MB Real Estate in Chicago and boutique firms in Washington D.C.https://transwestern.com/news-detail/transwestern-acquires-prominent-chicago-commercial-real-estate-firm-mb-real-esta