The last decade has brought profound changes in the North Texas commercial real estate scene, with firms merging, launching, growing, and falling apart (see chart below). 2012 should see continuing shifts, as the competition heats up for both talent and market share.
Two firms that ruled Dallas real estate 10 years ago?The Staubach Co. and Trammell Crow?s brokerage group?no longer exist, having been merged into Jones Lang LaSalle and CB Richard Ellis, respectively. CBRE (with TCC) has maintained about the same number of local brokers since 2001, but Jones Lang LaSalle (with Staubach) has diversified and added more than 40 professionals.
According to D CEO research, JLL now leads Dallas-Fort Worth with 155 local brokers; CBRE is close behind with 148. No. 3 Transwestern has more than doubled in size since 2001, from 47 to 105 local brokers, due in part to a 2005 merger with NAI Stoneleigh Huff Brous McDowell.
Firms to watch this year include Colliers International, which recently named a new managing director, David Pinsel, and made several key hires, including agency leasing specialist David Quisenberry; and Cresa Dallas, which has also lured a number of top brokers to its ranks, including office tenant rep Lance McIlhenny.
Cushman & Wakefield lost a couple of heavy hitters in 2011?and also parted ways with former managing director Liz Trocchio. Grubb & Ellis has seen some departures, too, as it continues to search for an infusion of capital or a new owner.
For the full D CEO story, including profiles of Cassidy Turley, Stream Realty, and CASE Commercial Real Estate Partners, click here.
Source: http://realpoints.dmagazine.com/2012/02/top-25-dfw-commercial-real-estate-firms-2001-vs-2011/
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