Trammell Crow, RIP

By Kleinheider Posted on January 16, 2009 at 10:47 am

A real estate development innovator whose company ceased operations in Nashville in 2002 has died:

Trammell Crow, a one-time accountant with no real estate experience who built one of the largest real estate development companies in the nation, has died. He was 94.

Spokeswoman Cynthia Pharr Lee said Thursday that Crow died Wednesday at a family farm near Tyler in East Texas. The cause of death wasn’t immediately released. In 2002, Crow’s wife disclosed that the legendary developer suffered from Alzheimer’s disease.

Trammell Crow Co. was sold in 2006 for $1.8 billion to CB Richard Ellis Group Inc., which was interested in Trammell Crow’s list of blue chip corporate clients, including Exxon Mobil Corp. and Bank of America. Analysts said big corporations liked doing business with Trammell Crow because the firm handled both property management and development of new projects.

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Tags: commercial real estate, obituaries, Trammell Crow  

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