|By PR Newswire||
|January 11, 2013 08:00 AM EST||
HOUSTON, Jan. 11, 2013 /PRNewswire/ -- Transwestern's Houston headquarters today announced a leadership expansion featuring key executives to advance rapid growth at the commercial real estate services firm. Simultaneously, Transwestern unveiled a services expansion into Latin America, marking the fourth time in two years the firm has extended its global footprint. The new management structure was orchestrated under the leadership of Larry P. Heard and Robert Duncan, CEO and chairman, respectively, of the Transwestern family of companies.
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"We are scaling the organization to keep pace with our vision and aspirations and to be well-positioned for future growth," said Heard. "The Transwestern team is intent on extending its proven business model to new clients in other parts of the world, including Latin America."
Effective immediately, Chip Clarke has been promoted to a newly created position of President, Americas. Transwestern's nine regional offices in the U.S. have been reorganized into seven territories to further its market-leading position across multiple markets. Presidents of the seven areas will report to Clarke and Mark Doran, COO of the firm. Clarke previously served as President of the Gulf Coast and Mountain regions.
Kevin Roberts has been promoted to the new position of President, Southwest. The Central Texas, Gulf Coast and Mountain regions were consolidated to create the new Southwest territory, comprised of offices in Houston, San Antonio, Austin, New Orleans, Denver and Salt Lake City. Roberts previously served as President of the Central Texas region.
Transwestern has been active in Latin America for the past year through its investment management company. As part of the services growth initiative, a joint venture between Transwestern and a Latin American-based commercial real estate firm soon will begin offering services throughout the region. Further details will be disclosed when the transaction is consummated.
Rapid growth in the firm's size and client base precipitated the expansion in leadership. As of December 2012, Transwestern had 1,873 team members in 33 U.S. offices. The work force has grown 32 percent since December 2008, despite a dramatic economic downturn that created significant job losses in businesses across the country. In 2012, Transwestern completed leasing, sales and finance transactions totaling approximately $6.03 billion.
Transwestern also serves clients through 150 offices in 30 countries as part of a strategic global alliance established in 2012 with Paris-based BNP Paribas Real Estate. In 2011, the firm launched Transwestern MENA, a joint venture based in Riyadh to bring world-class real estate services to the Middle East and North Africa. Also in 2011, Transwestern expanded into the Northeast United States by establishing a New York office.
"As our competencies and relationships have grown, Transwestern's footprint has expanded significantly," Duncan said. "These leadership appointments will empower the firm to execute a powerful new strategy for growth. The most important component of the steeper anticipated growth trajectory is the enhanced competencies and value-add we will bring to our existing clients. Our whole strategy today is client-driven."
"In his 22 years with Transwestern, Chip has demonstrated an exceptional ability to manage and advance all aspects of growth at the firm, making him the right choice to work with our leadership team on future expansion initiatives," Heard said. "Likewise, Kevin's track record for delivering results and developing time-tested client relationships will be invaluable during this unprecedented time of growth."
ABOUT TRANSWESTERN INTERESTS
Transwestern Interests advises the Transwestern family of companies, which together comprise a diversified real estate operating, investment and development organization. The privately held, fully integrated enterprise leverages competencies in office, industrial, retail, multifamily and healthcare properties to add value for investors, owners and occupiers of real estate.
Transwestern is a privately held real estate firm specializing in agency leasing, property and facilities management, tenant advisory, capital markets, development, research and sustainability. The fully integrated enterprise leverages operating competencies in office, industrial, retail, multifamily and healthcare properties to add value for investors, owners and occupiers of real estate. Transwestern facilitates better decision-making for clients by combining penetrating local market intelligence and macro-market research through its affiliate, Delta Associates. Transwestern has 33 U.S. offices and assists clients through more than 180 offices in 36 countries as part of a strategic alliance with Paris-based BNP Paribas Real Estate. For more information, please visit www.transwestern.net and follow us on Twitter: @Transwestern.
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