Tag Archives: Transwestern

Transwestern, one of the largest privately held commercial real estate and development firms in the country, honored its chosen ""Trendsetters of the Year"" at the company's annual TrendLines event in Washington, D.C., February 10. First Potomac Realty Trust's chairman and CEO, Douglas J. Donatelli, received the 2011 Private Sector Trendsetter of the Year, and NoMa Business Improvement District's president, Elizabeth Price, received the 2011 Public Sector Trendsetter of the Year.

Transwestern, a privately held commercial real estate firm headquartered in Houston, Texas, recently announced that its founder and chairman, Robert Duncan, will be inducted into the 2010 Texas Business Hall of Fame. Duncan will be honored for his accomplishments as a business leader, as well as his impact on the Houston community and major institutions in the state at the foundation's award induction dinner in San Antonio on Monday.

The total value of distressed commercial real estate (CRE) in the United States right now is $186.9 billion, including properties in default, foreclosure, and lender REO, according to data from the research firm Real Capital Analytics. The Transwestern company Delta Associates says this tally represents an increase of 12 percent, or $20.1 billion, since June and means CRE distress has risen back to the level it was in March of this year. But the company says a plateau in the $165-$200 billion range will be the norm for a while.