What Double Eagle Development does

Double Eagle Development is a private, full-service real estate development firm founded in 2022 and headquartered in St. Louis, Missouri, with a secondary office in Chicago. The company was established to carry forward the 42-year development legacy of Balke Brown Transwestern and operates a design-driven development process across multifamily, office, industrial, retail, and hotel property types, primarily in Midwest U.S. markets. Cumulative platform development volume is reported at $940–980 million, encompassing 1,620 multifamily units and 4.5 million SF of office/industrial space.

The firm serves two distinct client sets. On the capital side, it targets institutional investors, private equity firms, and lenders for development equity and partnership opportunities. On the end-user side, it has delivered build-to-suit facilities for government tenants (FBI, IRS, Veterans Affairs via GSA) and corporate occupants (MiTek Industries, Mid-American Transplant Services, Sanford Brown College). Active and recently completed projects include The Saint Grand (Chicago, 248 units), MILA (Ellisville, MO, 226 units), The Porter (Maryland Heights, MO, 255 units), Bemiston Place (Clayton, MO, 237 units), and Aster Flats (Madison, WI, 263 units).

The business model combines professional services revenue (development fees), recurring asset management fees, and equity participation in development projects. Core competencies are design-driven project execution and tenant sourcing rather than proprietary technology; there is no disclosed technology stack, AI/ML capability, or patent portfolio. Leadership comprises General Partners Steve Brown and Mike Donovan (continuing from Balke Brown Transwestern), President Andrew Juiris, CFO Tom Bene, and board members Sergio Villaseca Nahmias (BNV Group CEO) and Fernando Siña (former Citibank/Consorcio/Confuturo executive).

Name

Double Eagle Development

Legal name

Double Eagle Development

Website

https://doubleeagle-development.com

Company type

Private

Founded year

2022

Operating status

Operating

Headcount range

1–10 employees

Short description

Double Eagle Development is a private, design-driven Midwest real estate development firm founded in 2022, carrying forward Balke Brown Transwestern's 42-year legacy. It develops Class A multifamily, office, industrial, retail, and hotel projects for institutional investors, private equity, and corporate/government tenants across St. Louis, Chicago, and Madison.

Ownership category

akta.pro rank

Product category

Real Estate Development

SIC

Land Subdividers & Developers (No Cemeteries) (6552)

akta.pro primary industry

Residential Land Development & Subdivision Homebuilding (Build-to-Sell Communities) (IMAFABAL)

Keywords

• Real estate development
• Multifamily development
• Commercial development
• Asset management
• Build-to-suit

Headquarters

HQ city

St. Louis, MO

HQ country

United States

HQ region

North America

Offices2 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Infrastructure, Supply Chain, Personnel, Operations, Marketing or Sales

Revenue model

1. Real Estate Development: The company generates revenue through real estate development fees, equity participation in development projects, and returns on invested capital. Development projects span multifamily, office, industrial, retail, and hotel property types. Revenue is earned through project completion and asset disposition.
2. Asset Management: Provides asset management services to partners, delivering thorough asset management that translates into strong returns and transparent reporting. Revenue generated through management fees and performance-based compensation.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels2 records

Core offering

Double Eagle Development is a full-service real estate development firm that delivers design-driven multifamily, office, industrial, retail, and hotel projects across the Midwest. The company develops Class A assets through inspired design, thoughtful planning, and sound economics to maximize investor returns and enhance communities. It also provides asset management services to institutional partners with transparent reporting.

Product overview

Double Eagle Development is a full-service real estate development firm offering development services across multiple property types including multifamily, office, industrial, retail, and hotel. The company's portfolio includes named multifamily projects such as The Saint Grand (Chicago), MILA, The Porter, Bemiston Place, Aster Flats, Encore at Forest Park, Cortona at Forest Park, Parkway Lakeside Apartment Homes, Pointe 400, The Lofts at the Highlands, and Green Mount Lakes. The firm operates primarily in the Midwest (Chicago and St. Louis markets) and carries forward the 42-year legacy of Balke Brown Transwestern with a design-driven approach focused on quality and precision.

Differentiator

Problem solved

Functional benefit

Quantifiable outcome

• $980 Million Developed
• +3 more outcomes

Named customers6 records

Segments3 records

Ideal customer profiles3 records

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Three partnerships are on record, tiered core and minor.

• Balke Brown TranswesterncoreStrategic or Co-development Partner · 1 January 2022Double Eagle Development was founded in 2022 to carry forward the 42-year legacy of Balke Brown Transwestern. The Double Eagle platform was formed to build upon BBT's strong track record and expand into additional Midwest markets. Steve Brown serves as President and CEO of Balke Brown Transwestern while also being a General Partner and Board Member of Double Eagle Development.
• BNV GroupcoreStrategic or Co-development PartnerSergio Villaseca Nahmias serves as CEO of BNV Group while also being a General Partner and Board Member of Double Eagle Development. BNV Group has grown from a real estate development company to a multifaceted asset management company managing development, construction, multifamily management, hotels, and asset management operations.
• TranswesternminorStrategic or Co-development PartnerBalke Brown Transwestern formed a partnership with Transwestern in 2011, creating a broader commercial real estate platform. This partnership provided additional resources and market reach for the development operations.

Scale indicators7 records

Recent moves7 records

Expansion highlights5 records

Direct peers

• Greystar Real Estate Partners: Largest U.S. multifamily developer, operator, and investment manager with deep institutional relationships; directly comparable business model of development + asset management for institutional capital.
• Balke Brown Transwestern: The legacy firm from which Double Eagle Development was spun out in 2022; shares key leadership and continues to operate in the same Midwest commercial real estate space, making it the closest direct comparable.
• Trammell Crow Residential: National multifamily developer operating across major U.S. markets, comparable to Double Eagle in core product focus on Class A apartment development and institutional capital partnerships.
• CA Real Estate (formerly CA Ventures): Mid-sized multifamily and mixed-use developer with institutional investor base; comparable in scale and product mix of Class A multifamily and student housing developments.

Broad incumbents

• Prologis: Global industrial real estate leader following the Duke Realty acquisition; comparable in industrial/logistics development and institutional asset management capabilities where Double Eagle also operates.
• Lendlease: International real estate developer and asset manager with significant U.S. multifamily and mixed-use projects; competes for institutional capital partners and similar Class A development mandates.
• USAA Real Estate: Institutional real estate investment and development platform sourcing capital partners and joint ventures; comparable as an institutional capital allocator in U.S. commercial real estate.
• JLL (Jones Lang LaSalle): Global real estate services firm offering development, capital markets, and asset management; competes for institutional capital deployment in commercial real estate across the same Midwest geographies.
• McCarthy Building Companies: Large U.S. construction firm with significant design-build and development capabilities, particularly in the Midwest; comparable in handling build-to-suit projects for institutional and government clients.

Regional players

• Koman Group: St. Louis-based real estate development and investment firm; directly comparable Midwest regional competitor pursuing multifamily, mixed-use, and institutional capital partnerships.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks5 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/doubleeagle-development

Compliance3 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles6 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Double Eagle Development