Trammell Crow : biography
Fred Trammell Crow (June 10, 1914 – January 14, 2009) was an American real estate developer from Dallas, Texas. He is credited with the creation of several major real estate projects, including the Dallas Market Center, Peachtree Center in Atlanta, Georgia, and the Embarcadero Center in San Francisco, California.William Bragg Ewald, Jr. , Seattle Daily Journal of Commerce, December 15, 2005
Trammell Crow Company
By 1970, Crow had developed Trammell Crow Company into a nationwide organization, another innovation in a field that was, at the time, dominated strictly by local builders.
Forbes in 1971 and The Wall Street Journal in 1986 called Crow the largest landlord in the United States. The Journal said the company he founded was then the largest developer in the nation.
Crow once had interests in nearly of developed real estate, comprising eight thousand properties in more than one hundred cities. Crow's holdings were said to be much larger than those of the better-known William Zeckendorf and Donald Trump and include hotels, hospitals, residential developments, and — just as in the early days of the company — warehouses.NewsBlaze.com The Austin Business Journal said in its profile of TCC, "When compared to Trammell Crow, other real estate companies are for the birds.", Austin Business Journal (Austin, Texas). Retrieved June 9, 2007. Yahoo! Finance, in an oddly similar metaphor, said in its company profile: "It takes a tough bird to succeed in the real estate business, and Trammell Crow Company is one of the cocks of the walk." Calling the organization "one of the top diversified real estate management companies in the US," the profile estimates that the company manages nearly of warehouse, service center, and retail space in the United States and Canada., Yahoo! Finance. Retrieved June 9, 2007.
As of June, 2007, the company was set to grow even further with the scheduled $60 million purchase of the HealthSouth headquarters building in Birmingham, Alabama., Dallas Business Journal, June 4, 2007
The Trammell Crow Company was privately held until 1997, when it went public on the New York Stock Exchange (NYSE) under the symbol TCC. In 2006, the firm was sold to CB Richard Ellis group (NYSE:CBG) for approximately $2.2 billion.
A native of Dallas, Crow as a child and later as an adolescent earned money through a series of odd jobs, including plucking chickens, cleaning bricks, and unloading boxcars, a task which he began at the age of ten until his father forbade it.2nd paragraph He was the fifth of eight children reared in a rented one-bedroom house off Fitzhugh Street in East Dallas. His father, Jefferson Crow, worked as a bookkeeper for Collett Munger – one of Dallas' early real estate developers and the builder of Munger Place subdivision. Unable to attend college at the time because of the Great Depression, Crow worked after high school at odd jobs. In 1933, Crow landed a job for about $13 a week as a runner for Mercantile National Bank in Dallas.
After completing Woodrow Wilson High School in 1932, he worked for a Dallas bank and attended night school in accounting at Southern Methodist University. Upon graduation in 1938, he was at the age of twenty-four the youngest CPA in Texas. He then worked for three years as a Certified Public Accountant before joining the United States Navy in 1940. He utilized his background in accounting and was offered a commission auditing the books of defense contractors. After World War II, he remained with the Navy for another year to handle final settlements with its contractors. He then returned to Dallas and saw opportunities for the growth of the city. He became an agent for North American Van Lines, a moving company. Shortly thereafter, he worked as a wholesale grain merchandiser, tripled the sizes of the warehouses, and erected new loading facilities. Once the grain business faded, he switched at the age of thirty-three to the burgeoning field of warehouse real estate development., NewsBlaze.comSobel, Robert. Trammell Crow, Master Builder: the story of America's largest real estate empire. John Wiley & Sons, Inc.
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