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Trammell Crow, Developer of Dallas Skyline, Dies (Update2)

By Brian Louis

Jan. 15 (Bloomberg) -- Real estate developer Trammell Crow, who founded the Wyndham Hotel Co. and helped sculpt the Dallas skyline, died yesterday at his family farm in eastern Texas. He was 94.

Crow built his first commercial real estate project in 1948. He also founded Trammell Crow Co., a property manager and brokerage sold in 2006 to CB Richard Ellis Group Inc. in a transaction valued at $2.2 billion.

``The world will remember Mr. Crow as a legendary real estate developer and businessman because of his unparalleled vision and passion for success,'' Jim Carreker, a former chief executive officer of Trammell Crow Co. and Wyndham Hotels, said in a statement e-mailed today from closely held Crow Holdings LLC.

Crow worked as an accountant and served in the U.S. Navy before making his name in Dallas real estate. His marquee projects included Bryan Tower, a 40-story building that became the first skyscraper built by a single developer in the city, and Dallas Market Center, which has more than 10 million square feet of space.

``He was my hero way back,'' said Roger Staubach, a former star quarterback of the Dallas Cowboys and a director of commercial real estate broker Jones Lang LaSalle Inc. ``He was a legend in Dallas. He was a formidable, but very nice person and just a great legend in the real estate business.''

Jones Lang bought Staubach's real estate company last year for $613 million.

Crow also developed the Trammell Crow Center, Medical City and the KPMG Centre, all in Dallas, as well as Peachtree Center in Atlanta and properties in Brussels and Hong Kong.

``He was a great guy and I had enormous admiration for him,'' Dallas Mayor Tom Leppert said in a telephone interview. ``He clearly changed an industry.''

Crow was born in Dallas in 1914, the fifth of eight children. He served in the U.S. Navy from 1941 to 1946.

He is survived by his wife of 66 years, Margaret, and six children. No cause of death was listed. Funeral arrangements are pending.

To contact the reporter on this story: Brian Louis in Chicago at blouis1@bloomberg.net.

Last Updated: January 15, 2009 18:04 EST

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