Bruce Dorfman, a principal of Thompson | Dorfman Partners, tells GlobeSt.com:

"Certainly multifamily development has become overheated in certain markets across the country, and, even in the Bay Area, we have quite a lot of development in concentrated areas. However, if you look at the overall supply/demand dynamic, there is still a significant undersupply of housing at all levels. We will continue to focus on core Bay Area infill locations that are transit-oriented–given this focus, we are favorably disposed to sites that have a large retail component as part of a residential mixed-use project.”

Thompson | Dorfman Partners, a Mill Valley, CA-based developer of multifamily real estate and investment firm, was formed in 1999 by Thompson and Dorfman, 30+ year industry veterans. The firm focuses on multifamily residential development, with particular emphasis on well-sited, urban in-fill and mixed-use properties located in high-growth, technology-driven markets in the state. Collectively, the partners have developed more than 15,000 multi-family homes in 45 California apartment and condominium communities.

"With Thompson | Dorfman's nearly 30 years' experience in the San Francisco Bay Area market, this partnership allows us to tap into its local market expertise to invest in multifamily developments in this under-served region," said Ken Valach, CEO of Trammell Crow Residential. "With more than 35 years of experience in residential development and asset management as a national firm, we look forward to re-establishing a presence in the Bay Area."

Trammell Crow Residential, the multifamily division of Dallas-based Crow Holdings, has developed nearly 250,000 units in major metropolitan markets. Trammell Crow mixed-use developments were featured in the April 2015 issue of Real Estate Forum.