Home > About CBRE > Company History

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.

RECENT DEVELOPMENTS

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 - Revenue exceeds £3 billion. Acquisition of Trammell Crow Co.

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

2009 - CBRE Ranked BusinessWeek’s top 50 companies for the third year running. The only commercial real estate company to earn a place on this year’s BusinessWeek 50. Ranked #404 in Fortune 500. The first Commercial Real Estate firm ever included in the Fortune 500.

+7 (495) 258 3990