Exhibit 21.1

TRAMMELL CROW COMPANY SUBSIDIARIES

|ENTITY NAME                                                             |  | STATE/COUNTRY
OF FORMATION |  | STATE/COUNTY
OF DBA          |  | DBA NAME               
|----------------------------------------------------------------------- |  | -------------------------- |  | ---------------------------- |  | -----------------------
|1996 DFW OFFICE, INC.                                                   |  | DELAWARE                   |  | TEXAS                        |  | 1996 DFW OFFICE I, INC.
|3865 TCMP VENTURE, LLC                                                  |  | DELAWARE                   |  |                              |  |                        
|3865 WILSON, L.L.C.                                                     |  | VIRGINIA                   |  |                              |  |                        
|5950 SHERRY LANE LIMITED PARTNER, LTD.                                  |  | TEXAS                      |  |                              |  |                        
|AEW #10 CORPORATION                                                     |  | MASSACHUSETTS              |  |                              |  |                        
|ATWATER 12 LP                                                           |  | DELAWARE                   |  |                              |  |                        
|AUSTIN RETAIL INVESTMENT, INC.                                          |  | DELAWARE                   |  |                              |  |                        
|BC PLAZA II/III, LTD.                                                   |  | TEXAS                      |  |                              |  |                        
|BELLAIRE SHOPPING CENTER ASSOCIATES, L.P.                               |  | TEXAS                      |  |                              |  |                        
|BPP-CM #2, L.P.                                                         |  | TEXAS                      |  |                              |  |                        
|BPP-CM, L.P.                                                            |  | TEXAS                      |  |                              |  |                        
|BROADVIEW CENTRAL TEXAS, LTD.                                           |  | TEXAS                      |  |                              |  |                        
|BURBANK AIRPORT PLAZA, LLC                                              |  | DELAWARE                   |  |                              |  |                        
|BURLESON-STASSNEY LAND II, LTD.                                         |  | TEXAS                      |  |                              |  |                        
|BURLESON-STASSNEY LAND III, LTD.                                        |  | TEXAS                      |  |                              |  |                        
|BURLESON-STASSNEY LAND, LTD.                                            |  | TEXAS                      |  |                              |  |                        
|CATMONTU INSURANCE COMPANY, LTD.                                        |  | CAYMAN ISLANDS             |  |                              |  |                        
|CH-NORTHWEST PLACE ONE, LTD.                                            |  | TEXAS                      |  |                              |  |                        
|CH-NWP, INC.                                                            |  | DELAWARE                   |  |                              |  |                        
|COLLINS CROSSING II, LTD.                                               |  | TEXAS                      |  |                              |  |                        
|CROW ATLANTA DEVELOPMENT-1996, INC.                                     |  | DELAWARE                   |  |                              |  |                        
|DALLAS/FORT WORTH OFFICE REAL ESTATE INVESTMENTS #1 LIMITED PARTNERSHIP |  | TEXAS                      |  |                              |  |                        
|DALLAS/FORT WORTH OFFICE REAL ESTATE INVESTMENTS, INC.                  |  | DELAWARE                   |  |                              |  |                        
|DALLAS/FORT WORTH REAL ESTATE INVESTMENTS #2, L.P.                      |  | TEXAS                      |  |                              |  |                        
|DENALI LLC                                                              |  | NEVADA                     |  |                              |  |                        
|EMERALD REAL ESTATE COMPANY                                             |  | DELAWARE                   |  |                              |  |                        
|ENVIRONMENTAL ASSET SERVICES, INC.                                      |  | DELAWARE                   |  | COUNTY OF SAN BERNARDINO, CA |  | EASI                   
|ENVIRONMENTAL ASSET SERVICES, INC.                                      |  | DELAWARE                   |  | COUNTY OF ORANGE, CA         |  | EASI                   
|ENVIRONMENTAL ASSET SERVICES, INC.                                      |  | DELAWARE                   |  | COUNTY OF SACRAMENTO, CA     |  | EASI                   
|ENVIRONMENTAL ASSET SERVICES, INC.                                      |  | DELAWARE                   |  | COUNTY OF SAN DIEGO, CA      |  | EASI                   
|ENVIRONMENTAL ASSET SERVICES, INC.                                      |  | DELAWARE                   |  | COUNTY OF SANTA BARBARA, CA  |  | EASI                   
|ENVIRONMENTAL ASSET SERVICES, INC.                                      |  | DELAWARE                   |  | COUNTY OF LOS ANGELES, CA    |  | EASI                   
|ENVIRONMENTAL ASSET SERVICES, INC.                                      |  | DELAWARE                   |  | COUNTY OF VENTURA, CA        |  | EASI                   
|EXPO 2 PARTNERS, LTD.                                                   |  | TEXAS                      |  |                              |  |                        
|EXPO LAND, INC.                                                         |  | DELAWARE                   |  |                              |  |                        
|EXPO MANAGEMENT I, LLC                                                  |  | TEXAS                      |  |                              |  |                        
|EXPO MANAGEMENT II, L.L.C.                                              |  | TEXAS                      |  |                              |  |                        
|EXPO MANAGEMENT III, LLC                                                |  | TEXAS                      |  |                              |  |                        

---

|EXPO PARTNERS I, LTD.                     |  | TEXAS    |  |                   |  |                   
|----------------------------------------- |  | -------- |  | ----------------- |  | ------------------
|EXPO PARTNERS II, LTD.                    |  | TEXAS    |  |                   |  |                   
|EXPO PARTNERS III, LTD.                   |  | TEXAS    |  |                   |  |                   
|FAIRWAY CENTRE ASSOCIATES, L.P.           |  | TEXAS    |  | HARRIS COUNTY, TX |  | FAIRWAY CENTRE    
|FAIRWAY CENTRE, INC.                      |  | DELAWARE |  |                   |  |                   
|FAIRWAY PLAZA ASSOCIATES, L.P.            |  | TEXAS    |  |                   |  |                   
|FREEPORT #2, LP                           |  | TEXAS    |  |                   |  |                   
|FREESTANDING PROPERTY FUND I, L.P.        |  | DELAWARE |  |                   |  |                   
|GLASGOW BTS, LLC                          |  | DELAWARE |  |                   |  |                   
|GLENDALE AND 91ST AVENUE LLC              |  | ARIZONA  |  |                   |  |                   
|GLENDALE AND 91ST GP, INC.                |  | DELAWARE |  |                   |  |                   
|GRAND PARKWAY/I-10 ASSOCIATES, L.P.       |  | TEXAS    |  |                   |  |                   
|HIGH STREET COLUMBIA, INC.                |  | DELAWARE |  |                   |  |                   
|HIGH STREET COLUMBIA, LLC                 |  | DELAWARE |  |                   |  |                   
|HIGH STREET MILL RACE GP, INC.            |  | DELAWARE |  |                   |  |                   
|HIGH STREET MILL RACE, LP                 |  | DELAWARE |  |                   |  |                   
|HIGH STREET RESIDENTIAL, INC.             |  | DELAWARE |  |                   |  |                   
|JFK INTERNATIONAL AIR CARGOCENTRE, LLC    |  | DELAWARE |  |                   |  |                   
|KYRENE MESA DEVELOPMENT COMPANY LLC       |  | ARIZONA  |  |                   |  |                   
|LAKELINE RETAIL 2000, LTD.                |  | TEXAS    |  |                   |  |                   
|LANDMARK VI INDUSTRIAL CENTER, LTD.       |  | TEXAS    |  |                   |  |                   
|LEEDS CONSTRUCTION SERVICES, INC.         |  | DELAWARE |  |                   |  |                   
|MARSH AT BELMEADE PARTNERS, L.P.          |  | TEXAS    |  |                   |  |                   
|MCCRELESS SQUARE, LTD.                    |  | TEXAS    |  |                   |  |                   
|MONTPELIER II, LLC                        |  | DELAWARE |  |                   |  |                   
|MT. BAKER LLC                             |  | NEVADA   |  |                   |  |                   
|MT. SHASTA LLC                            |  | NEVADA   |  |                   |  |                   
|NE METRO DEVELOPMENT 2, INC.              |  | DELAWARE |  |                   |  |                   
|NORTHWOOD GP, LTD.                        |  | TEXAS    |  |                   |  |                   
|NORTHWOOD PROPERTIES, LTD.                |  | TEXAS    |  |                   |  |                   
|OLD TOWN DEVELOPMENT COMPANY, LLC         |  | VIRGINIA |  |                   |  |                   
|ONE RIVERWALK PLACE, L.L.C.               |  | TEXAS    |  |                   |  |                   
|OREGON OFFICE CONSTRUCTION COMPANY        |  | OREGON   |  | OREGON            |  | RAVEN CONSTRUCTION
|PARMER/35 RETAIL, LTD.                    |  | TEXAS    |  |                   |  |                   
|PROSCENIUM, LLC                           |  | GEORGIA  |  |                   |  |                   
|QUARRY CROSSING, LTD.                     |  | TEXAS    |  | TEXAS             |  | QUARRY CROSSING   
|RAINIER LLC                               |  | NEVADA   |  |                   |  |                   
|RAVEN CONSTRUCTION, INC.                  |  | DELAWARE |  |                   |  |                   
|REALTY HOLDING, INC.                      |  | DELAWARE |  |                   |  |                   
|RUDY CONSTRUCTION, INC.                   |  | DELAWARE |  |                   |  |                   
|RW RETAIL ASSOCIATES L.P.                 |  | TEXAS    |  |                   |  |                   
|RW RETAIL, INC.                           |  | DELAWARE |  |                   |  |                   
|SMOKESTACK PARTNERS, INC.                 |  | DELAWARE |  |                   |  |                   
|SOUTH RIVER ONE, INC.                     |  | DELAWARE |  |                   |  |                   
|SPYGLASS CORPORATE SUPPORT SERVICES, INC. |  | DELAWARE |  |                   |  |                   
|STAC LOUDOUN LAND, LLC                    |  | DELAWARE |  |                   |  |                   
|STASSNEY HEIGHTS, LTD.                    |  | TEXAS    |  |                   |  |                   
|STM PARTNERS, LTD.                        |  | TEXAS    |  |                   |  |                   

---

|SUBTIER MARSH AT BELMEADE PARTNERS, L.P.            |  | TEXAS    |  |                   |  |                               
|--------------------------------------------------- |  | -------- |  | ----------------- |  | ------------------------------
|SUGAR MAGNOLIA L.L.C.                               |  | DELAWARE |  | FLORIDA           |  | AMB-TC SUGAR MAGNOLIA L.L.C.  
|T.C. SERVICES DE MEXICO, S. DE R.L. DE C.V.         |  | MEXICO   |  |                   |  |                               
|TC 82 INVERNESS LP                                  |  | DELAWARE |  |                   |  |                               
|TC ARROWPOINT LP                                    |  | DELAWARE |  |                   |  |                               
|TC ASHBURN LLC                                      |  | DELAWARE |  |                   |  |                               
|TC ATLANTA DEVELOPMENT, INC.                        |  | DELAWARE |  |                   |  |                               
|TC ATWATER LAND GENERAL PARTNER LP                  |  | DELAWARE |  |                   |  |                               
|TC ATWATER LAND LP                                  |  | DELAWARE |  |                   |  |                               
|TC BALLPARK GP, INC.                                |  | DELAWARE |  |                   |  |                               
|TC BELLAIRE SHOPPING CENTER, INC.                   |  | DELAWARE |  |                   |  |                               
|TC BOSTON CORPORATE SERVICES, INC.                  |  | DELAWARE |  |                   |  |                               
|TC BOULDER OFFICE, L.P.                             |  | DELAWARE |  |                   |  |                               
|TC BROADWAY TRADE CENTER GP, INC.                   |  | DELAWARE |  |                   |  |                               
|TC BROADWAY TRADE CENTER INVESTORS LP               |  | TEXAS    |  |                   |  |                               
|TC BROADWAY TRADE CENTER LP                         |  | TEXAS    |  |                   |  |                               
|TC CAMERON DEVELOPMENT LAND LP                      |  | DELAWARE |  |                   |  |                               
|TC CAPE WG LP                                       |  | DELAWARE |  |                   |  |                               
|TC CBD DEVELOPMENT, LLC                             |  | DELAWARE |  |                   |  |                               
|TC CBD MEMBER, LLC                                  |  | DELAWARE |  |                   |  |                               
|TC CENTER LLC                                       |  | DELAWARE |  |                   |  |                               
|TC CONTRACTORS MA, INC.                             |  | DELAWARE |  |                   |  |                               
|TC CONTRACTORS, INC.                                |  | DELAWARE |  | NEW YORK          |  | TCNY CONTRACTORS              
|TC DALLAS/FORT WORTH INVESTMENT AND DEVELOPMENT, LP |  | TEXAS    |  |                   |  |                               
|TC DC LAND LP                                       |  | DELAWARE |  |                   |  |                               
|TC DEERWOOD COMMERCE CENTER LP                      |  | DELAWARE |  |                   |  |                               
|TC DENVER TELCO LLC                                 |  | DELAWARE |  |                   |  |                               
|TC DIBAR, LP                                        |  | DELAWARE |  |                   |  |                               
|TC ELK GROVE GP, INC.                               |  | DELAWARE |  |                   |  |                               
|TC ELK GROVE LP                                     |  | DELAWARE |  |                   |  |                               
|TC FAIRWAY PLAZA II, LTD.                           |  | TEXAS    |  | HARRIS COUNTY, TX |  | FAIRWAY MARKETPLACE           
|TC FOREST HILL DEVELOPMENT LP                       |  | DELAWARE |  |                   |  |                               
|TC GAMECOCK LP                                      |  | DELAWARE |  |                   |  |                               
|TC GLENDALE AND 91ST AVENUE LP                      |  | DELAWARE |  |                   |  |                               
|TC GRAND PARKWAY GP, INC.                           |  | DELAWARE |  |                   |  |                               
|TC HAVEN VILLAGE GP, INC.                           |  | DELAWARE |  |                   |  |                               
|TC HAVEN VILLAGE LP                                 |  | DELAWARE |  |                   |  |                               
|TC HD DEVELOPMENT, LLC                              |  | DELAWARE |  |                   |  |                               
|TC HOUSTON TFK, INC.                                |  | DELAWARE |  |                   |  |                               
|TC HOUSTON, INC.                                    |  | DELAWARE |  | HARRIS COUNTY, TX |  | THE COMMONS AT DEERBROOK      
|TC I-35 OKLAHOMA LLC                                |  | DELAWARE |  |                   |  |                               
|TC INDIANAPOLIS, INC.                               |  | DELAWARE |  |                   |  |                               
|TC JFK, INC.                                        |  | DELAWARE |  |                   |  |                               
|TC KEARNY VILLA LP                                  |  | DELAWARE |  |                   |  |                               
|TC KILLEEN MP, LP                                   |  | DELAWARE |  |                   |  |                               
|TC LAKELAND #1, INC.                                |  | DELAWARE |  |                   |  |                               
|TC LAMBERT, INC.                                    |  | DELAWARE |  |                   |  |                               
|TC MERIDIAN TOWER LP                                |  | DELAWARE |  |                   |  |                               
|TC MIDATLANTIC DEVELOPMENT, INC.                    |  | DELAWARE |  |                   |  |                               
|TC MIDATLANTIC PROPERTIES, INC.                     |  | DELAWARE |  |                   |  |                               
|TC MK, INC.                                         |  | DELAWARE |  |                   |  |                               
|TC MUSKOGEE LLC                                     |  | OKLAHOMA |  |                   |  |                               
|TC NEW MEXICO, INC.                                 |  | DELAWARE |  | NEW MEXICO        |  | TRAMMELL CROW NEW MEXICO, INC.

---

|TC NEW MEXICO, INC.                    |  | DELAWARE |  | TEXAS |  | TRAMMELL CROW NEW MEXICO, INC.
|-------------------------------------- |  | -------- |  | ----- |  | ------------------------------
|TC NW CROSSING DEVELOPMENT, LTD.       |  | TEXAS    |  |       |  |                               
|TC PIPELINE, LP                        |  | DELAWARE |  |       |  |                               
|TC PORT YBOR LLC                       |  | DELAWARE |  |       |  |                               
|TC PREMIER ROW HOLDING, INC.           |  | DELAWARE |  |       |  |                               
|TC SERVICENET, INC.                    |  | DELAWARE |  |       |  |                               
|TC SIERRA BUILDING B, INC.             |  | DELAWARE |  |       |  |                               
|TC SIERRA BUILDING C, INC.             |  | DELAWARE |  |       |  |                               
|TC SIERRA BUILDING D, INC.             |  | DELAWARE |  |       |  |                               
|TC SIERRA BUILDING G, INC.             |  | DELAWARE |  |       |  |                               
|TC SIERRA CORPORATE CENTER, INC.       |  | DELAWARE |  |       |  |                               
|TC SIERRA PAD 3, INC.                  |  | DELAWARE |  |       |  |                               
|TC SIERRA TOWN CENTER, INC.            |  | DELAWARE |  |       |  |                               
|TC SOUTH RIVER OFFICE LLC              |  | DELAWARE |  |       |  |                               
|TC SPRINGFIELD, LLC                    |  | VIRGINIA |  |       |  |                               
|TC STORAGE LLC                         |  | DELAWARE |  |       |  |                               
|TC SUWANEE CREEK, INC.                 |  | DELAWARE |  |       |  |                               
|TC TINKER LLC                          |  | OKLAHOMA |  |       |  |                               
|TC TRIAD II LP                         |  | DELAWARE |  |       |  |                               
|TC WC PARTNERS LP                      |  | TEXAS    |  |       |  |                               
|TC WESTVIEW PLAZA LP                   |  | DELAWARE |  |       |  |                               
|TC WOOD VILLAGE, INC.                  |  | DELAWARE |  |       |  |                               
|TCC GENERAL AGENCY, INC.               |  | TEXAS    |  |       |  |                               
|TCC LOUDOUN TELECOM, LLC               |  | DELAWARE |  |       |  |                               
|TCC MCLEAN PARKING LLC                 |  | DELAWARE |  |       |  |                               
|TCC NNN TRADING, INC.                  |  | DELAWARE |  |       |  |                               
|TCC NORTH FLORIDA DEVELOPMENT #1, INC. |  | DELAWARE |  |       |  |                               
|TCC PIPELINE, LLC                      |  | DELAWARE |  |       |  |                               
|TCC PROSCENIUM, INC.                   |  | DELAWARE |  |       |  |                               
|TCC RISK SERVICES, INC.                |  | DELAWARE |  |       |  |                               
|TCC-BTS #2, INC.                       |  | DELAWARE |  |       |  |                               
|TCC-BTS CLEVELAND L.L.C.               |  | DELAWARE |  |       |  |                               
|TCC-BTS LOVELAND OM, INC.              |  | DELAWARE |  |       |  |                               
|TCC-BTS RIDGE ROCK LP                  |  | TEXAS    |  |       |  |                               
|TCCNV, INC.                            |  | DELAWARE |  |       |  |                               
|TCCNV, LP                              |  | TEXAS    |  |       |  |                               
|TCC-OCP II, LTD.                       |  | FLORIDA  |  |       |  |                               
|TCC-PB I, LTD.                         |  | FLORIDA  |  |       |  |                               
|TCCT #2, INC.                          |  | DELAWARE |  |       |  |                               
|TCCT DEVELOPMENT #2, INC.              |  | DELAWARE |  |       |  |                               
|TCCT DEVELOPMENT, INC.                 |  | DELAWARE |  |       |  |                               
|TCCT NW PORTFOLIO, INC.                |  | DELAWARE |  |       |  |                               
|TCCT REAL ESTATE, INC.                 |  | DELAWARE |  |       |  |                               
|TCCT SAN ANTONIO INVESTMENTS II, INC.  |  | DELAWARE |  |       |  |                               
|TCCT SAN ANTONIO INVESTMENTS, INC.     |  | DELAWARE |  |       |  |                               
|TCDFW #1, INC.                         |  | DELAWARE |  |       |  |                               
|TCDFW #2, INC.                         |  | DELAWARE |  |       |  |                               
|TCDFW 161 PIONEER LP                   |  | TEXAS    |  |       |  |                               
|TCDFW 411 WEST SEVENTH LP              |  | TEXAS    |  |       |  |                               
|TCDFW ACQUISITIONS LP                  |  | TEXAS    |  |       |  |                               
|TCDFW AVENUE E, LP                     |  | TEXAS    |  |       |  |                               
|TCDFW AVENUE F, LP                     |  | TEXAS    |  |       |  |                               
|TCDFW BMOB LP                          |  | TEXAS    |  |       |  |                               
|TCDFW DENTON CANCER CENTER LP          |  | TEXAS    |  |       |  |                               
|TCDFW DEVELOPMENT #1, INC.             |  | DELAWARE |  |       |  |                               
|TCDFW DIVISION, LP                     |  | TEXAS    |  |       |  |                               
|TCDFW GSC LP                           |  | TEXAS    |  |       |  |                               

---

|TCDFW INDUSTRIAL INVESTMENTS, INC.            |  | DELAWARE   |  |                    |  |                                
|--------------------------------------------- |  | ---------- |  | ------------------ |  | -------------------------------
|TCDFW INVESTMENT AND DEVELOPMENT, INC.        |  | DELAWARE   |  |                    |  |                                
|TCDFW LAKEPARK PLAZA, L.P.                    |  | TEXAS      |  |                    |  |                                
|TCDFW LCT LP                                  |  | TEXAS      |  |                    |  |                                
|TCDFW MARSH AT BELMEADE, INC.                 |  | DELAWARE   |  |                    |  |                                
|TCDFW PEACHTREE LP                            |  | TEXAS      |  |                    |  |                                
|TCDFW QUEST, INC.                             |  | DELAWARE   |  |                    |  |                                
|TCDFW SDPA BTS, LP                            |  | TEXAS      |  |                    |  |                                
|TCDFW SDPA, INC.                              |  | DELAWARE   |  |                    |  |                                
|TCDFW SPOKE LP                                |  | TEXAS      |  |                    |  |                                
|TCDFW SUMMIT #1, L.P.                         |  | TEXAS      |  |                    |  |                                
|TCDFW VA GP, INC.                             |  | DELAWARE   |  |                    |  |                                
|TCDFW, INC.                                   |  | DELAWARE   |  | DENTON COUNTY, TX  |  | TRAMMELL CROW DALLAS/FORT WORTH
|TCDFW, INC.                                   |  | DELAWARE   |  | DALLAS COUNTY, TX  |  | TRAMMELL CROW DALLAS/FORT WORTH
|TCDFW, INC.                                   |  | DELAWARE   |  | LUBBOCK COUNTY, TX |  | TRAMMELL CROW DALLAS/FORT WORTH
|TCDFW, INC.                                   |  | DELAWARE   |  | TARRANT COUNTY, TX |  | TRAMMELL CROW DALLAS/FORT WORTH
|TCDFW, INC.                                   |  | DELAWARE   |  | TEXAS              |  | TRAMMELL CROW DALLAS/FORT WORTH
|TCDFW, INC.                                   |  | DELAWARE   |  | COLLIN COUNTY, TX  |  | TRAMMELL CROW DALLAS/FORT WORTH
|TCDFW-COLLINS CROSSING, LTD.                  |  | TEXAS      |  |                    |  |                                
|TCFP SHOPPING CENTER II, INC.                 |  | DELAWARE   |  |                    |  |                                
|TCH #2, INC.                                  |  | DELAWARE   |  |                    |  |                                
|TCH TFK, L.P.                                 |  | TEXAS      |  |                    |  |                                
|TCM 3865, LLC                                 |  | DELAWARE   |  |                    |  |                                
|TCMW DEVELOPMENT, INC.                        |  | DELAWARE   |  |                    |  |                                
|TCNE ATWATER 12, INC.                         |  | DELAWARE   |  |                    |  |                                
|TCNE ATWATER LAND GP, INC.                    |  | DELAWARE   |  |                    |  |                                
|TCNE DEVELOPMENT, INC.                        |  | DELAWARE   |  |                    |  |                                
|TCNE-HORIZON, INC.                            |  | DELAWARE   |  |                    |  |                                
|TCNE-NEBC, INC.                               |  | DELAWARE   |  |                    |  |                                
|TCNE-USPS, INC.                               |  | DELAWARE   |  |                    |  |                                
|TC-RIVERSIDE, L.L.C.                          |  | MARYLAND   |  |                    |  |                                
|TEMPLE RETAIL, LTD.                           |  | TEXAS      |  |                    |  |                                
|TFK RETAIL, LTD.                              |  | TEXAS      |  |                    |  |                                
|TOOLEY & COMPANY, INC.                        |  | CALIFORNIA |  |                    |  |                                
|TRAMMELL CROW ARGENTINA S.A.                  |  | ARGENTINA  |  |                    |  |                                
|TRAMMELL CROW ARROWPOINT, INC.                |  | DELAWARE   |  |                    |  |                                
|TRAMMELL CROW ASSET MANAGEMENT, INC.          |  | DELAWARE   |  |                    |  |                                
|TRAMMELL CROW ATLANTA DEVELOPMENT, INC.       |  | DELAWARE   |  |                    |  |                                
|TRAMMELL CROW BROKERAGE SERVICES, LTD.        |  | TEXAS      |  |                    |  |                                
|TRAMMELL CROW BTS, INC.                       |  | DELAWARE   |  |                    |  |                                
|TRAMMELL CROW CAPITAL COMPANY II, INC.        |  | DELAWARE   |  |                    |  |                                
|TRAMMELL CROW CAROLINAS DEVELOPMENT, INC.     |  | DELAWARE   |  |                    |  |                                
|TRAMMELL CROW CENTRAL TEXAS DEVELOPMENT, INC. |  | DELAWARE   |  |                    |  |                                
|TRAMMELL CROW CENTRAL TEXAS, LTD.             |  | TEXAS      |  | TEXAS              |  | AUSTIN CENTRAL SERVICES COMPANY
|TRAMMELL CROW CENTRAL TEXAS, LTD.             |  | TEXAS      |  | TRAVIS COUNTY, TX  |  | TRAMMELL CROW COMPANY          

---

|TRAMMELL CROW CENTRAL TEXAS, LTD.                               |  | TEXAS          |  | TEXAS               |  | TRAMMELL CROW CENTRAL TEXAS                        
|--------------------------------------------------------------- |  | -------------- |  | ------------------- |  | ---------------------------------------------------
|TRAMMELL CROW CHICAGO DEVELOPMENT, INC.                         |  | DELAWARE       |  |                     |  |                                                    
|TRAMMELL CROW CHILE INMOBILIARIA LIMITADA                       |  | CHILE          |  | CHILE               |  | TRAMMELL CROW COMPANY, LTD.                        
|TRAMMELL CROW COMPANYCHILE, INC.                               |  | DELAWARE       |  |                     |  |                                                    
|TRAMMELL CROW COMPANYSOUTH AMERICAN HOLDINGS, INC.             |  | DELAWARE       |  |                     |  |                                                    
|TRAMMELL CROW COMPANY CONSTRUCTION SERVICES, INC.               |  | DELAWARE       |  | CLARK COUNTY, NV    |  | TRAMMELL CROW CONSTRUCTION                         
|TRAMMELL CROW COMPANY CONSTRUCTION SERVICES, INC.               |  | DELAWARE       |  | WASHOE COUNTY, NV   |  | TRAMMELL CROW CONSTRUCTION                         
|TRAMMELL CROW CONSTRUCTION-ATLANTA, INC.                        |  | DELAWARE       |  | GWINNETT COUNTY, GA |  | RAVEN CONSTRUCTION                                 
|TRAMMELL CROW CONSTRUCTION-ATLANTA, INC.                        |  | DELAWARE       |  | FULTON COUNTY, GA   |  | RAVEN CONSTRUCTION                                 
|TRAMMELL CROW CONSTRUCTION-ATLANTA, INC.                        |  | DELAWARE       |  | DEKALB COUNTY, GA   |  | RAVEN CONSTRUCTION                                 
|TRAMMELL CROW CONSTRUCTION-ATLANTA, INC.                        |  | DELAWARE       |  | HENRY COUNTY, GA    |  | RAVEN CONSTRUCTION                                 
|TRAMMELL CROW CONSTRUCTION-ATLANTA, INC.                        |  | DELAWARE       |  | CLAYTON COUNTY, GA  |  | RAVEN CONSTRUCTION                                 
|TRAMMELL CROW CONSTRUCTION-ATLANTA, INC.                        |  | DELAWARE       |  | COBB COUNTY, GA     |  | RAVEN CONSTRUCTION                                 
|TRAMMELL CROW CORPORATE SERVICES CANADA, LTD.                   |  | CANADA         |  |                     |  |                                                    
|TRAMMELL CROW CUB INVESTMENT, L.L.C.                            |  | COLORADO       |  |                     |  |                                                    
|TRAMMELL CROW DALLAS INDUSTRIAL DEVELOPMENT LIMITED PARTNERSHIP |  | TEXAS          |  |                     |  |                                                    
|TRAMMELL CROW DALLAS INDUSTRIAL DEVELOPMENT, INC.               |  | DELAWARE       |  | TEXAS               |  | TRAMMELL CROW DALLAS INDUSTRIAL DEVELOPMENT I, INC.
|TRAMMELL CROW DALLAS/FORT WORTH REAL ESTATE, LTD.               |  | TEXAS          |  |                     |  |                                                    
|TRAMMELL CROW DALLAS/FORT WORTH, LTD.                           |  | TEXAS          |  |                     |  |                                                    
|TRAMMELL CROW DEERWOOD COMMERCE CENTER, INC.                    |  | DELAWARE       |  |                     |  |                                                    
|TRAMMELL CROW DENVER DEVELOPMENT II, INC.                       |  | DELAWARE       |  |                     |  |                                                    
|TRAMMELL CROW DENVER DEVELOPMENT, INC.                          |  | DELAWARE       |  |                     |  |                                                    
|TRAMMELL CROW DETROIT DEVELOPMENT, INC.                         |  | DELAWARE       |  |                     |  |                                                    
|TRAMMELL CROW DFW DEVELOPMENT, INC.                             |  | DELAWARE       |  |                     |  |                                                    
|TRAMMELL CROW DO BRASIL LTDA.                                   |  | BRAZIL         |  |                     |  |                                                    
|TRAMMELL CROW GLOBAL SOLUTIONS II INC.                          |  | CAYMAN ISLANDS |  |                     |  |                                                    
|TRAMMELL CROW GLOBAL SOLUTIONS INC.                             |  | CAYMAN ISLANDS |  |                     |  |                                                    

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|TRAMMELL CROW HOUSTON DEVELOPMENT, INC.              |  | DELAWARE       |  |                       |  |                                              
|---------------------------------------------------- |  | -------------- |  | --------------------- |  | ---------------------------------------------
|TRAMMELL CROW HOUSTON, LTD.                          |  | TEXAS          |  | NEW MEXICO            |  | TRAMMELL CROW HOUSTON, LIMITED PARTNERSHIP   
|TRAMMELL CROW INDIANAPOLIS DEVELOPMENT, INC.         |  | DELAWARE       |  |                       |  |                                              
|TRAMMELL CROW INDIVIDUAL INVESTMENT FUND 1996, L. P. |  | DELAWARE       |  |                       |  |                                              
|TRAMMELL CROW INVESTMENT FUND II, L.P.               |  | DELAWARE       |  |                       |  |                                              
|TRAMMELL CROW INVESTMENT FUND III, L.P.              |  | DELAWARE       |  |                       |  |                                              
|TRAMMELL CROW INVESTMENTS II, INC.                   |  | DELAWARE       |  |                       |  |                                              
|TRAMMELL CROW INVESTMENTS III, INC.                  |  | DELAWARE       |  |                       |  |                                              
|TRAMMELL CROW KANSAS CITY DEVELOPMENT, INC.          |  | DELAWARE       |  |                       |  |                                              
|TRAMMELL CROW LATIN AMERICA INC.                     |  | CAYMAN ISLANDS |  |                       |  |                                              
|TRAMMELL CROW MEXICO S.A. DE C.V.                    |  | MEXICO         |  |                       |  |                                              
|TRAMMELL CROW MEXICO, INC.                           |  | DELAWARE       |  |                       |  |                                              
|TRAMMELL CROW MINNESOTA SERVICES, INC.               |  | DELAWARE       |  |                       |  |                                              
|TRAMMELL CROW NW, INC.                               |  | DELAWARE       |  |                       |  |                                              
|TRAMMELL CROW PORTLAND DEVELOPMENT, INC.             |  | DELAWARE       |  |                       |  |                                              
|TRAMMELL CROW REALTY SERVICES(ONTARIO), LTD.         |  | CANADA         |  |                       |  |                                              
|TRAMMELL CROW SAVILLS (BELGIUM) B.V.B.A.             |  | BELGUIM        |  |                       |  |                                              
|TRAMMELL CROW SAVILLS (GERMANY) GMBH                 |  | GERMANY        |  |                       |  |                                              
|TRAMMELL CROW SAVILLS (NETHERLANDS) B.V.             |  | NETHERLANDS    |  |                       |  |                                              
|TRAMMELL CROW SAVILLS SWEDEN AB                      |  | SWEDEN         |  |                       |  |                                              
|TRAMMELL CROW SEATTLE DEVELOPMENT, INC.              |  | DELAWARE       |  |                       |  |                                              
|TRAMMELL CROW SERVICES, INC.                         |  | DELAWARE       |  | TEXAS                 |  | TRAMMELL CROW HIGHER EDUCATION SERVICES INC. 
|TRAMMELL CROW SERVICES, INC.                         |  | DELAWARE       |  | PAMLICO COUNTY, NC    |  | TRAMMELL CROW CORPORATE SERVICES             
|TRAMMELL CROW SERVICES, INC.                         |  | DELAWARE       |  | PASQUOTANK COUNTY, NC |  | TRAMMELL CROW CORPORATE SERVICES             
|TRAMMELL CROW SERVICES, INC.                         |  | DELAWARE       |  | PERQUIMANS COUNTY, NC |  | TRAMMELL CROW CORPORATE SERVICES             
|TRAMMELL CROW SERVICES, INC.                         |  | DELAWARE       |  | PITT COUNTY, NC       |  | TRAMMELL CROW CORPORATE SERVICES             
|TRAMMELL CROW SERVICES, INC.                         |  | DELAWARE       |  | CLARK COUNTY, NV      |  | TRAMMELL CROW COMPANY                        
|TRAMMELL CROW SERVICES, INC.                         |  | DELAWARE       |  | PENNSYLVANIA          |  | TRAMMELL CROW HIGHER EDUCATION SERVICES, INC.
|TRAMMELL CROW SERVICES, INC.                         |  | DELAWARE       |  | HALIFAX COUNTY, NC    |  | TRAMMELL CROW CORPORATE SERVICES             
|TRAMMELL CROW SERVICES, INC.                         |  | DELAWARE       |  | ONSLOW COUNTY, NC     |  | TRAMMELL CROW CORPORATE SERVICES             
|TRAMMELL CROW SERVICES, INC.                         |  | DELAWARE       |  | CRAVEN COUNTY, NC     |  | TRAMMELL CROW CORPORATE SERVICES             
|TRAMMELL CROW SERVICES, INC.                         |  | DELAWARE       |  | WASHOE COUNTY, NV     |  | TRAMMELL CROW COMPANY                        
|TRAMMELL CROW SERVICES, INC.                         |  | DELAWARE       |  | MARTIN COUNTY, NC     |  | TRAMMELL CROW CORPORATE SERVICES             
|TRAMMELL CROW SERVICES, INC.                         |  | DELAWARE       |  | CAMDEN COUNTY, NC     |  | TRAMMELL CROW CORPORATE SERVICES             

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|TRAMMELL CROW SERVICES, INC.                              |  | DELAWARE |  | GEORGIA                |  | TRAMMELL CROW COMPANY           
|--------------------------------------------------------- |  | -------- |  | ---------------------- |  | --------------------------------
|TRAMMELL CROW SERVICES, INC.                              |  | DELAWARE |  | OREGON                 |  | TRAMMELL CROW COMPANY           
|TRAMMELL CROW SERVICES, INC.                              |  | DELAWARE |  | ILLINOIS               |  | TRAMMELL CROW COMPANY           
|TRAMMELL CROW SERVICES, INC.                              |  | DELAWARE |  | NORTHAMPTON COUNTY, NC |  | TRAMMELL CROW CORPORATE SERVICES
|TRAMMELL CROW SERVICES, INC.                              |  | DELAWARE |  | CHOWAN COUNTY, NC      |  | TRAMMELL CROW CORPORATE SERVICES
|TRAMMELL CROW SERVICES, INC.                              |  | DELAWARE |  | CURRITUCK COUNTY, NC   |  | TRAMMELL CROW CORPORATE SERVICES
|TRAMMELL CROW SERVICES, INC.                              |  | DELAWARE |  | DARE COUNTY, NC        |  | TRAMMELL CROW CORPORATE SERVICES
|TRAMMELL CROW SERVICES, INC.                              |  | DELAWARE |  | GATES COUNTY, NC       |  | TRAMMELL CROW CORPORATE SERVICES
|TRAMMELL CROW SERVICES, INC.                              |  | DELAWARE |  | CITY OF BOSTON, MA     |  | TRAMMELL CROW COMPANY           
|TRAMMELL CROW SERVICES, INC.                              |  | DELAWARE |  | MINNESOTA              |  | TRAMMELL CROW COMPANY           
|TRAMMELL CROW SO. CAL. COMMERCIAL DEVELOPMENT, INC.       |  | DELAWARE |  |                        |  |                                 
|TRAMMELL CROW SO. CAL. DEVELOPMENT, INC.                  |  | DELAWARE |  |                        |  |                                 
|TRAMMELL CROW SO. CAL. PROPERTIES, INC.                   |  | DELAWARE |  |                        |  |                                 
|TRAMMELL CROW SO. CAL. RETAIL, INC.                       |  | DELAWARE |  |                        |  |                                 
|TRAMMELL CROW SOCAL RETAIL III, INC.                      |  | DELAWARE |  |                        |  |                                 
|TRAMMELL CROW SPECIALTY REALTY, INC.                      |  | DELAWARE |  | GEORGIA                |  | TRAMMELL CROW COMPANY           
|TRAMMELL CROW TENNESSEE DEVELOPMENT, INC.                 |  | DELAWARE |  |                        |  |                                 
|TRAMMELL CROW TULSA DEVELOPMENT, INC.                     |  | DELAWARE |  |                        |  |                                 
|TRAMMELL CROW WALLIS REAL ESTATE SERVICES COMPANY LIMITED |  | HUNGARY  |  |                        |  |                                 
|TRAMMELL DE MEXICO, S. DE R.L. DE C.V.                    |  | MEXICO   |  |                        |  |                                 
|TRI-PROPERTIES PROSCENIUM, L.L.C.                         |  | GEORGIA  |  |                        |  |                                 
|USREA, INC.                                               |  | DELAWARE |  |                        |  |                                 
|VAN NUYS INDUSTRIAL CENTER, LLC                           |  | DELAWARE |  |                        |  |                                 
|WEST OAK CENTER, LTD.                                     |  | TEXAS    |  |                        |  |                                 
|WEST TECH BUSINESS CENTER, LTD.                           |  | TEXAS    |  |                        |  |                                 
|WEST TECH GP, INC.                                        |  | DELAWARE |  |                        |  |                                 
|WETMORE BUSINESS PARK, LTD.                               |  | TEXAS    |  |                        |  |                                 
|WETMORE DISTRIBUTION HOLDINGS LP                          |  | TEXAS    |  |                        |  |                                 
|WETMORE GP, LTD.                                          |  | TEXAS    |  |                        |  |                                 
|WETMORE II GP, INC.                                       |  | DELAWARE |  |                        |  |                                 
|WETMORE PHASE II, LTD.                                    |  | TEXAS    |  |                        |  |                                 

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