TCC launches new development arm.Trammell Crow F. Trammell Crow (born June 11, 1914, in Dallas, Texas) is an American property developer who created several famous projects, including Dallas Market Center, Peachtree Center (Atlanta, Georgia), and San Francisco's Embarcadero Center. Company and Principal Real Estate Investors A real estate investor is someone who actively or passively invests in real estate. An active investor may buy a property, make repairs and/or improvements to the property, and sell it later for a profit. have established a national office development program, which will focus on the development of $750 million to $1 billion of new, class A, office buildings in markets throughout the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. over the next five years. Jim Groch, Trammell Crow Company's chief investment officer, noted, "Trammell Crow Company is uniquely positioned to create considerable value, with our investment partners, by leveraging our development and services professionals throughout the country." John Frandson, managing director of structured equity for Principal Real Estate Investors, added, "This is a win-win win-win adj. Of or being a situation in which the outcome benefits each of two often opposing groups: a win-win proposition for the buyer and the seller. situation for our clients and Trammell Crow Company. In an increasingly competitive market for quality real estate, this joint venture will provide a strong pipeline of premium office product for investment of client funds over the next five years." |
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