Dallas, TX – A spokeswoman says prominent Texas real estate developer Trammell Crow has died at 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.
Crow, a one-time accountant with no real estate experience, built one of the largest real estate development companies, in the nation, Trammell Crow Co. Crow's company 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.