— Transwestern Commercial Services has acquired Julian, Toft & Downey Inc. (JTD), a Chicago-based real estate financial advisory firm specializing in financial transactions for institutional clients in the Midwest. With the merger, Transwestern will have 50 investment services professionals in seven cities.
For the past 15 years, JTD has been an intermediary for debt, structured financing, joint venture and signature asset sales. Since its inception, JTD has arranged more than $7 billion in business transactions, including $4.6 billion in loans and $2.4 billion in property sales, including $2 billion in financing for downtown Chicago office buildings.
Transwestern Chairman Randall Rowe said the merger will help the company expand its relationships with institutional clients nationwide and broaden its full-service platform. In 2000, Transwestern arranged $2 billion in real estate equity andservices transactions.