Real estate developer Trammel Crow dies

January 15, 2009 7:55:09 AM PST
A spokeswoman says prominent Texas real estate developer Trammell Crow has died at his ranch near Tyler. Crow died yesterday. He was 94.

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, which was interested in Trammell Crow's corporate clients, including Exxon Mobil and Bank of America.

Analysts say big corporations liked doing business with Trammell Crow because the firm handled both property management and development of new projects.

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