National MarketingWhile the commercial real estate industry has seen its fair share of challenges coming out of the pandemic, there’s one firm that has remained focused on long-term growth and continues to take bold steps to excel in a new era of real estate. Which firm is that, you ask? It’s ours! Propmodo, a media outlet focused on innovation in commercial real estate and the built environment, had this to say:
“Many commercial real estate firms are hunkering down because of a looming recession and market slowdown. But not all of them. Houston-based Transwestern Real Estate has quietly completed three acquisitions recently. The company says the purchases are part of a years-long plan coming to fruition, but it shows how challenging market conditions can create opportunities.”
In case you missed the January headlines (we’re not sure how that is possible), Transwestern expanded its national presence with three acquisitions announced in as many weeks. With the addition of Chicago-based MB Real Estate, we added a 12-million-square-foot management portfolio and welcomed 120 team members skilled in asset and facilities management, leasing services, tenant representation, project management and investment services.
In the Mid-Atlantic region, Transwestern acquired two well-known DC-based boutique tenant advisory firms, MGA and WLS. Combined, these moves add 22 experts to our Tenant Advisory + Workplace Solutions platform, boosting our local market intelligence and expertise across tenant representation, workplace strategy, investment services, lease audit, project management and post-occupancy services.
CEO Larry Heard told the Houston Chronicle that Transwestern sees a silver lining in the current economy’s clouds.
“We’re also looking at development partners across the country to add as well as investment management professionals,” he said. “This will prove to be an opportunistic time to expand in 2023 and 2024.”
