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Company History

EARLY MILESTONES

1773 - Richard Ellis founded at 126 Fenchurch Street, London, UK as an “upholder and appraiser”.

1896 - Hillier Parker practice established in UK.

1906 - Colbert Coldwell funds Tucker, Lynch & Coldwell in San Francisco, USA.

1914 - Benjamin Banker joins Coldwell’s as a full partner trading as Coldwell Banker.

1921 - The new US company HQ is opened at 57 Sutter Street, San Francisco.

1922 - US expansion starts with an office in Los Angeles.

1936 - US name change to Coldwell, Banker and Company.

1940 - UK Richard Ellis Partnership was transferred to Richard Ellis Holdings Ltd (becoming Insignia Richard Ellis Ltd) along with the regional Richard Ellis corporate businesses.

1952 - In the US Coldwell Bankers opens an office in Arizona. The first office outside California.

HISTORY

1963 - Coldwell Banker is incorporated.

1965 - Richard Ellis forms Australian partnership.

1968 - Coldwell Banker is the first real estate company to go 29% public. Shares trade at $25 two weeks later they are at $30.

1971 - Coldwell Banker listed for the first time on the New York Stock Exchange.

1980 - The US firm opens first office in New York.

1982 - Sears, Roebuck & Co acquires Coldwell Banker Commercial and Residential.

1991 - Company changes name to CB Commercial.

1995 - CB Commercial acquires Westmark Realty Advisors.

1996 - CB Commercial completes initial public offering. Acquires L.J. Melody & Co. Revenue exceeds $500 mln.

1997 - CB Commercial acquires Koll Real Estate Services.

1998 - CB Commercial acquires REI Ltd and subsequently changes company name to CB Richard Ellis. Hillier Parker May and Rowden acquired in the UK. Revenue exceeds £1 billion.

2001 - Management buyout takes the company private again.

2003 - Company merges with Insignia/ESG to become the worlds dominant commercial Real Estate Group.

2004 - Company is returned to the public markets again, on the New York Stock Exchange. Revenue exceeds $2 billion.

2005 - CBRE debuts on the Fortune 1000 list.

2006 - Acquisition of Trammell Crow Co.

2007 - CBRE named as Forbes magazine global superstar for the business services and supplies section.

2011 - For the tenth year running CBRE voted as the premier global brand in real estate by the 2011 Lipsey Company Brand survey.

IAOP names CBRE on the 2011 Global Outsourcing 100 for the fifth straight year.

Named by Fortune magazine as one of the most admired companies in the real estate industry. Ranking third overall and the highest ranked commercial real estate services company.

 

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