Trammell Crow Co., which offers services to real estate investors, will discontinue its Bellevue, Wash.-based client accounting and portfolio lease services function at the year-end. Trammell will consolidate the accounting activities of its three national accounting offices into two existing locations in Dallas and Memphis, Tenn., beginning in September and ending Dec. 31, 2006. A little more than 60 employees will be affected by the move, but will be given the opportunity to apply for positions in the other locations, or elsewhere within the company. Trammell’s operations in the greater Seattle market, including its brokerage services division, will not be affected by the move. About 35 employees will remain in the Bellevue office to offer project management, building management and brokerage services. In a statement, the company said that the move is part of an accounting consolidation effort begun in 2001 to support broader company goals of providing its clients with cost-effective, timely and accurate services. Trammell said that the cuts are unrelated to the real-estate market, with improved efficiency being the primary goal.
Register or login for access to this item and much more
All Accounting Today content is archived after seven days.
Community members receive:
- All recent and archived articles
- Conference offers and updates
- A full menu of enewsletter options
- Web seminars, white papers, ebooks
Already have an account? Log In
Don't have an account? Register for Free Unlimited Access