From The Forbes Archives 1971: How Harlan Crow’s Dad Trammell Crow Became The Biggest Real Estate Operator In The U.S.

Trammell Crow, shown in 1977 at his 7-story World Trade Center in Dallas, was at one point the nation's biggest private builder.In 1971, Forbes Magazine identified Trammell Crow as the biggest private developer and private landlord in the United States. Crow stood out back then for keeping what he built, a practice that would get him into trouble a few years later when real estate tanked and he was stuck with too much debt—including hundreds of millions he had personally guaranteed.

when he wants." But doesn't it take more than that to build a single Dallas warehouse into a real estate empireis deceptively forthright:"By finding a success formula, making it worktrickier than that.window H-to-M in the Mer­ cantile National Bank in Dallas, was a 22-year-oldInstead, he got his CPA at night, quit

The Dallas Market Center became the prototype of another Crow for­mula: trade marts, showrooms for wholesalers, which he has since devel­oped in several other U.S. cities and more recently in Europe. "What real estate is" Crow ex­plains,"is marketing. You look at an area, decide what it needs that you can market and get your return on it. Only then, with the concept, the financing and design details pulled together, do you worry about the land."

Crow has five operating partners in the Trammell Crow Co., six regional operating partners and nine partners who, in their own right, manage de­ velopment companies in which Crow has a 50% stake. Glaze, Crow's finan­cial manager, joined the company eight year ago. and is now worth around $5 million.

It also means that Trammell Crow Co.'s tax bill has been rising, but Crow dismisses the tax problem with a shrug."We pay lots and lot of taxes," he says."We never play the tax game of shielding income unless a co-partner insists on it. We can't af­ ford to—everything we do is directed at hanging on to what we build.

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GOP mega donor says Clarence Thomas is victim of ‘political hit job’Republican billionaire Harlan Crow says his friend Clarence Thomas is the victim of a “political hit job” amid outrage over reports that the Supreme Court justice failed to disclose various luxury vacations Crow paid for, as well as a real estate deal. “I think it’s a political hit job,” Crow said in an interview with… It's funny that when these crooks get caught, they all have the same excuse. They hit job he contributed to by lavishing Ole Clarence with trips and gifts they they BOTH knew were a payoff. Now that they are caught. Lets use the GOP playbook.. blame politics.. for a judge that is supposed to be neutral. So is Crow admitting SCOTUS is a republican REPublican corruption again, while they throw a hissy fit and claim the democrats are corrupt. LOL! And yes, justice thomas is required to report those 'gifts', which is how we keep corruption OUT of the courts, politics, law enforcement etc.
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