Carey Winston, Transwestern Agree to Merge

By Cleary, Mike | The Washington Times (Washington, DC), May 20, 1998 | Go to article overview

Carey Winston, Transwestern Agree to Merge


Cleary, Mike, The Washington Times (Washington, DC)


Carey Winston/Barrueta, the largest commercial real estate firm in the Washington area, has agreed to merge with a Texas company, gaining national footing that both firms believe will bring them more business and offer a defense against growing competition.

Combined with Transwestern Property Co. of Dallas, the company will manage more than 60 million square feet of property, worth nearly $5 billion, and employ about 1,100 in offices in 24 cities. Transwestern President and Chief Executive Officer Jack Eimer said a merger would double the company's revenues, which were not revealed.

Carey Winston would be renamed Transwestern Carey Winston, becoming the Mid-Atlantic division of the Dallas company.

The merger should mean new referral business for both Transwestern and Carey Winston, especially from Transwestern clients already interested in moving into the Washington market, company officials said.

Carey Winston would benefit from Transwestern's experience in developing and owning property.

Transwestern's investment affiliate, which bought 425 I Street NW in April for an undisclosed price, likely will do more buying and developing here, said Tom Nordlinger, who will remain president of the Washington-based operation.

The affiliate would establish a base of buildings owned and leased within the company, Mr. Eimer said.

Besides access to the Mid-Atlantic market, Transwestern gains new services, such as research done by Carey Winston subsidiary Delta Associates, mortgage banking and access to Carey Winston's experience in tenant-side services. Transwestern is stronger on landlord-side services.

One local broker thought the deal would help the local firm. "It's good for Carey Winston," said Philip Meany, president of the Vienna office of commercial real estate brokerage Grubb & Ellis. He said being part of a national firm would help Carey Winston land more deals.

The rest of this article is only available to active members of Questia

Sign up now for a free, 1-day trial and receive full access to:

  • Questia's entire collection
  • Automatic bibliography creation
  • More helpful research tools like notes, citations, and highlights
  • Ad-free environment

Already a member? Log in now.

Notes for this article

Add a new note
If you are trying to select text to create highlights or citations, remember that you must now click or tap on the first word, and then click or tap on the last word.
One moment ...
Project items

Items saved from this article

This article has been saved
Highlights (0)
Some of your highlights are legacy items.

Highlights saved before July 30, 2012 will not be displayed on their respective source pages.

You can easily re-create the highlights by opening the book page or article, selecting the text, and clicking “Highlight.”

Citations (0)
Some of your citations are legacy items.

Any citation created before July 30, 2012 will labeled as a “Cited page.” New citations will be saved as cited passages, pages or articles.

We also added the ability to view new citations from your projects or the book or article where you created them.

Notes (0)
Bookmarks (0)

You have no saved items from this article

Project items include:
  • Saved book/article
  • Highlights
  • Quotes/citations
  • Notes
  • Bookmarks
Notes
Cite this article

Cited article

Style
Citations are available only to our active members.
Sign up now to cite pages or passages in MLA, APA and Chicago citation styles.

(Einhorn, 1992, p. 25)

(Einhorn 25)

1

1. Lois J. Einhorn, Abraham Lincoln, the Orator: Penetrating the Lincoln Legend (Westport, CT: Greenwood Press, 1992), 25, http://www.questia.com/read/27419298.

Cited article

Carey Winston, Transwestern Agree to Merge
Settings

Settings

Typeface
Text size Smaller Larger
Search within

Search within this article

Look up

Look up a word

  • Dictionary
  • Thesaurus
Please submit a word or phrase above.
Print this page

Print this page

Why can't I print more than one page at a time?

Full screen

matching results for page

Cited passage

Style
Citations are available only to our active members.
Sign up now to cite pages or passages in MLA, APA and Chicago citation styles.

"Portraying himself as an honest, ordinary person helped Lincoln identify with his audiences." (Einhorn, 1992, p. 25).

"Portraying himself as an honest, ordinary person helped Lincoln identify with his audiences." (Einhorn 25)

"Portraying himself as an honest, ordinary person helped Lincoln identify with his audiences."1

1. Lois J. Einhorn, Abraham Lincoln, the Orator: Penetrating the Lincoln Legend (Westport, CT: Greenwood Press, 1992), 25, http://www.questia.com/read/27419298.

Cited passage

Welcome to the new Questia Reader

The Questia Reader has been updated to provide you with an even better online reading experience.  It is now 100% Responsive, which means you can read our books and articles on any sized device you wish.  All of your favorite tools like notes, highlights, and citations are still here, but the way you select text has been updated to be easier to use, especially on touchscreen devices.  Here's how:

1. Click or tap the first word you want to select.
2. Click or tap the last word you want to select.

OK, got it!

Thanks for trying Questia!

Please continue trying out our research tools, but please note, full functionality is available only to our active members.

Your work will be lost once you leave this Web page.

For full access in an ad-free environment, sign up now for a FREE, 1-day trial.

Already a member? Log in now.