GLJ Partners merges with Trammell Crow Residential
GLJ Partners, a multi-family residential developer with urban and suburban projects throughout Southern California, and Dallas-based Trammell Crow Residential (TCR) have merged and will operate under the name Trammell Crow Residential. The former GLJ team, now the TCR West team, led by Senior Managing Director and RSF resident Garth Erdossy, with partners Luke Daniels and Tony Ditteaux, will maintain its headquarters in Carlsbad and spearhead the expansion of Trammell Crow Residential throughout the Western United States.
“This is a win-win for all of us,” said Erdossy, who began his career with Trammell Crow Residential and built more than 4,325 multi-family units and 1,000 hotel rooms during his 10-year career there. “The merger gives GLJ Partners the resources to be one of the strongest real estate companies in the Western United States,” he said.
Ken Valach, CEO of Trammell Crow Residential, said, “I’ve known Garth for more than 15 years since he was at TCR in the ‘90s, and I’m very pleased to be working with him again. This merger gives TCR an immediate presence in Southern California and the ability to quickly expand on the West Coast.”
Erdossy said that they expect to start construction on three or four major multi-family and/or urban mixed-use projects each year. Target areas include the Pacific Northwest and the Southwest, as well as California.