St. Louis, Kansas City CBRE offices work out merger of CB Richard Ellis and Trammell Crow
CB Richard Ellis directors are starting the New Year by reevaluating business plans and projections to incorporate the addition of their former rivals at Trammell Crow Co according to Midwest Real Estate News.
Here in in St. Louis, where Trammell Crow|Krombach and CB Richard Ellis are two strong brokerage houses, the terms of the merger agreements will not be finalized until the end of this month.
In Kansas City, the combined offices became the number-one services provider in the Kansas City market overnight. The office has 176 employees with 41 brokers. Don Thompson, former head of the TCC office there, will is the new managing director succeeding Rick Baier, who is now a first vice president and will focus on office brokerage. During the transition, Thompson and Baier will act as co-managing directors.
