TCC Once Again Tops Commercial Property Executive’s List of Top Development Firms; High Street Residential Named a Top Development Firm by Multi-Housing News
Trammell Crow Company (TCC) has once again been named the #1 development firm in the United States. The Dallas-based firm, a subsidiary of CBRE Inc., topped Commercial Property Executive’s (CPE) 2020 list of U.S. development firms for the seventh year in a row. High Street Residential, TCC’s residential subsidiary, ranked #5 on sister publication Multi-Housing News’ (MHN) 2020 list of top multifamily development firms.
From 2017 through 2019, TCC completed 28,508,570 square feet worth of development projects in the sectors including office, industrial, mixed-use retail, hospitality, and health care. TCC currently has 56,238,960 square feet worth of new projects under construction.
High Street Residential developed 3,612 multifamily units between 2017 and 2019, with 10,269 units currently under construction in various key markets across the U.S., including Dallas, Houston, Washington D.C., Philadelphia, Phoenix, and Los Angeles.
“Trammell Crow Company’s continued focus on our strategy of building the best projects in the best locations, combined with the breadth of our business and the dedication displayed by all of our team members enables us to continue to lead the development industry. Credit is also due to our strong roster of equity and debt partners, our tenants and residents, and CBRE for their continued support of our business,” said Matt Khourie, CEO of Trammell Crow Company and High Street Residential.
About High Street Residential
High Street Residential, a wholly-owned operating subsidiary of Trammell Crow Company, specializes in the development of multifamily housing. We have a deep background in urban, infill mixed-use residential development, as well as the redevelopment or repurposing of existing facilities. In the last 15 years, the firm has completed over $1.8 billion in projects with a current pipeline of nearly 3,100 units.
About Trammell Crow Company
Trammell Crow Company (TCC), founded in 1948, is one of the nation’s leading developers and investors in commercial real estate. The Company has developed or acquired 2,700 buildings valued at nearly $65 billion and over 590 million square feet. As of September 30, 2020, TCC had $14.8 billion of projects in process and $5.9 billion in its pipeline. It employs more than 550 professionals in the United States and the United Kingdom.
Trammell Crow Company’s teams are dedicated to building value for its clients with professionals in 18 major cities throughout the United States and London. The company serves users of and investors in office, industrial, retail, healthcare, multi-family residential, through its operating subsidiary High Street Residential, and mixed-use projects. For those who occupy real estate, TCC can execute the development or acquisition of facilities tailored to meet the needs of its clients. For investor clients, the company specializes in joint venture speculative development, acquisition/re-development ventures, build-to-suit development and providing incentive-based fee development services.
TCC is an independently operated subsidiary of CBRE Group, Inc. (NYSE:CBRE), a Fortune 500 and S&P 500 company headquartered in Los Angeles, and the world’s largest commercial real estate services and investment firm (in terms of 2019 revenue).
