Trammell Crow Purges Six Corporate Clients, More Possible

DALLAS-Trammell Crow Co. has its corporate accounts roster under the magnifying glass as execs purge under-performers and budgetary drains from the roster. Since year’s start, the Dallas-based firm has severed ties with six companies, one forcing a $1.1-million payout for the exit.

The corporate accounts now number 93. In some cases, Trammell Crow initiated the divorce and other times, it was the client’s doing as a result of the seesawing business climate. Trammell Crow isn’t naming names or pointing fingers, but more are sure to go as the year plays out. “Basically, we’re dealing where we know we have issues,” John A. Stirek, Trammell Crow’s Global Services COO, tells GlobeSt.com. “We’re not combing everything.” He confides that some of the voided and reworked contracts included “large accounts that are in the news today.”

That’s just part of the news to come out of Trammell Crow’s second-quarter earnings call. While the calls are usually reserved for the financials, chairman and CEO Robert E. Sulentic took the opportunity to introduce the newest team member: Art Lomenick. In Dallas-Fort Worth circles, that’s a coup. Lomenick’s title and role were unavailable by press time, but he was introduced to shareholders as part of a student housing team. Yesterday was his first day on the job.