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Two of the largest commercial property management firms in the state -- Trammell Crow Co. and PrimeWest Real Estate Services Inc. -- will merge, mirroring a national trend toward consolidation of property-management companies.
The new company will operate as PrimeWest LLC, a Trammell Crow affiliated company. It will manage 5.3 million square feet of commercial real estate properties in Arizona with an estimated asset value of approximately $300 million.
The merger, which becomes effective Sept. 1, makes the new company the fourth-largest commercial management firm in the Valley, according to figures in The Business Journal's 1994 Top 25 Book of Lists. PrimeWest Real Estate Services currently is ranked 15th and, excluding residential properties, Trammell Crow is ranked about 11th. …