DALLAS, TX – March 15, 2016 – Trammell Crow Company (TCC) today announced that Matt Khourie has been appointed Chief Executive Officer. This move marks a return to the real estate development business for Mr. Khourie, who was a senior leader at Trammell Crow Company for 29 years before joining CBRE Global Investors in 2009.
Khourie assumes the role from Danny Queenan, who was named COO of CBRE Global Investors in August 2015 and also served as CEO of Trammell Crow Company since 2011. Khourie will report to Queenan, who will also serve on TCC’s Board of Directors.
“We are very excited to have Matt in this role, as he is very well-suited to lead our development and investment subsidiary,” said Bob Sulentic, President and Chief Executive Officer. “He is returning to a business where he enjoys tremendous relationships, having been an extremely successful executive at the firm for many years.”
For the past six years, Khourie has served as CEO of CBRE Global Investors, where he was responsible for the global management of the firm and served as chairman of the firm’s Global Executive Committee, Global Leadership Team and its Global and Americas Investment Committees.
With more than 35 years of experience in the real estate industry, he previously served as President, Southeast Operations for TCC and was a member of the firm’s Executive and Investment Committees. During his original 29-year tenure at TCC, Khourie worked in various management positions including leadership roles that focused on development, investment strategy, portfolio management, and institutional investor relations.
About Trammell Crow Company
Trammell Crow Company (TCC), founded in 1948, is one of the nation’s leading developers and investors in commercial real estate. The Company has developed or acquired nearly 2,600 buildings valued at nearly $60 billion and over 540 million square feet. As of December 31, 2015, TCC had $6.7 billion of projects in process and $3.6 billion in its pipeline.
Trammell Crow Company’s teams are dedicated to building value for its clients with professionals in 16 major cities throughout the United States. The company serves users of and investors in office, industrial, retail, healthcare, multi-family residential, through its operating subsidiary High Street Residential, and mixed use projects. For those who occupy real estate, TCC can execute the development or acquisition of facilities tailored to meet its clients’ needs. For investor clients, the company specializes in joint venture speculative development, acquisition/re-development ventures, build-to-suit development, or providing incentive-based fee development services.
TCC is an independently operated subsidiary of CBRE Group, Inc. (NYSE:CBG), a Fortune 500 and S&P 500 company headquartered in Los Angeles, and the world’s largest commercial real estate services and investment firm (in terms of 2014 revenue). For more information visit www.TrammellCrow.com.
