"I've been friends with Rusty Tamlyn, who heads up the [TCC] capital group, for years," Miller says. "Rusty started at CB about the same time I did and we've been friendly competitors for a long time."
Miller and Tamlyn, TCC principal and senior vice president, began discussing the possibility of combining their talents about a year ago. "His specialty is more industrial and retail, mine is office," Miller tells GlobeSt.com. "So we finally came full circle and got this deal done." CBRE could not be reached for comment by publication time.
At this time, Miller continues, he and his team--associate Martin T. Hogan and marketing specialist Pamela McDougald--have about $80 million of office product under contract or bound to active letters of intent under the CBRE banner. Meanwhile, the Miller team has listed its first for-sale property with TCC: a 37,352-sf office building at 1011 Highway 6 South that's on the market for $8.5 million. "We're working on a number of other deals," Miller adds.
Miller, who was a CBRE senior vice president, began his career with that firm in 1980. During that time, he's been responsible for the disposition of retail, office and industrial properties, closing more than $1 billion in sales.
"I've been very active in the sale of office buildings for a long time," Miller says. "I plan to kind of keep the status quo, to bring my skill sets and knowledge of office building buyers and sellers over to Trammell Crow."
Hogan, joining Miller's team at midyear, previously was a financial analyst with CBRE's institutional investment team, specializing in evaluating and underwriting income-producing properties ranging from $10 million to more than $100 million. He has underwritten more than $1 billion of real estate deals, primarily large office and retail developments.
McDougald, who began working with Miller in 2002, started at CBRE in 1992 and became a marketing specialist in 1998. She has helped to close more than $700 million in sales.
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