SAN FRANCISCO-Trammell Crow Company has more than doubled the size of its property management portfolio in Northern California with a three-million-sf assignment from McMorgan & Co. LLC, an investment management firm specializing in Taft-Hartley pension and benefit plans and an affiliate of New York Life Investment Management.The largest property of the portfolio is the 1.8-million-sf, 25-tenant Firestone Business Park in Salinas, for which Cushman & Wakefield already holds the leasing assignment. The remaining square footage is distributed throughout the counties of Alameda, Contra Costa, Marin, Monterey, Sacramento, San Francisco, San Mateo, Santa Clara and Stanislaus.Sven Pole, the managing director for TCC in Northern California, tells the assignment takes the company’s institutional management portfolio in the region to 5.3 million sf. Pole says the assignment is “an important one,” as it helps build up the portfolio following a culling of unprofitable assignments in 2003 that shrank the company’s institutional management portfolio from eight million sf to about 2.3 million sf. Transwestern previously held the property management assignment. Pole says he brought some staff over from Transwestern to assist in the smooth transition and any excess work will be spread over existing staff. “In general, we are growing our property management group,” says Pole. “We are currently looking for a senior vice president to run the overall property management group and help accelerate growth.”The TCC employees who helped win the assignment were Jay Sholl, Carol Miles and Ernie Hughes. Competition for the assignment included Cushman & Wakefield and Lincoln Property Co.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?


© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.


GlobeSt Net Lease Spring 2024Event

This conference brings together the industry's most influential & knowledgeable real estate executives from the net lease sector.

Get More Information


Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join now!

  • Free unlimited access to's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including and

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.