Company History

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Cushman & Wakefield was founded in New York, N.Y., on October 31, 1917, by brothers-in-law J. Clydesdale Cushman and Bernard Wakefield. Expanding first throughout the United States and then globally, today Cushman & Wakefield has 253 offices in 59 countries with nearly 15,000 talented professionals who deliver quality services to its diversified global client base.

Our history reflects our commitment to serving our clients and our continuous efforts to evolve in response to our clients’ needs.

1820

  • Healey & Baker, Cushman & Wakefield’s future European operation, is started in London by George Healey, who took building leases on Crown lands to the east and north of Regents Park at the time when Regents Street was being built.

1910

  • George Henry Baker joins Healey’s firm. Bernard Wakefield arrives in the United States from England, where since the age of 21 he had been managing a real estate office.

1920

  • George Henry Baker becomes a partner and the firm becomes known as Healey & Baker, focusing on commercial property.

1960

  • Cushman & Wakefield begins a national expansion establishing offices throughout the U.S. to better service its clients.

1976

  • RCA Corp. sold its stake to The Rockefeller Group. In 1989, The Rockefeller Group further strengthened its position in commercial real estate when Mitsubishi Estate Co. Ltd., one of the world’s largest real estate companies, became its majority shareholder.

1984

  • Arthur J. Mirante II becomes CEO of Cushman & Wakefield.

1989

  • C&W opens its first office in Spain, in Madrid.

1990

  • Presence in Europe established through the acquisition of Healey & Baker.

1991

  • C&W expands in Spain and opens an office in Barcelona.

2005

  • Bruce E. Mosler becomes CEO of Cushman & Wakefield.
  • Cushman & Wakefield sells the MetLife Building at 200 Park Avenue for $1.72 billion, the largest single-building sale in New York City history at the time.
  • Cushman & Wakefield acquires its affiliate in Russia, establishing Cushman & Wakefield Stiles & Riabokobylko, and its Canadian affiliate, establishing Cushman & Wakefield LePage.

2007

  • IFIL (now known as EXOR), the investment group of the Agnelli family, one of Europe's leading entrepreneurial families, listed on the Italian stock exchange , acquires an approximately 70 percent stake in Cushman & Wakefield becoming the firm’s majority shareholder. Cushman & Wakefield management and employees retained the balance of shares, creating strong alignment.
  • Cushman & Wakefield acquires real estate investment banking firm Sonnenblick Goldman, a premier debt and equity financing advisor.
  • Cushman & Wakefield acquires Semco, assuming full control of Cushman & Wakefield South America and acquires100% interest in Cushman & Wakefield Asia.
  • Cushman & Wakefield forms a strategic alliance with Property and Portfolio Research (PPR), an independent provider of commercial real estate research, portfolio strategy, and risk management advisory services.
  • Cushman & Wakefield forms Cushman & Wakefield Hospitality Asia and establishes Cushman & Wakefield Capital Asia (CWCA).
  • Cushman & Wakefield is named the exclusive leasing agent for One World Trade Center by the Port Authority of New York and New Jersey.
  • Cushman & Wakefield celebrates its 90th anniversary.

2008

  • Cushman & Wakefield acquires Burnham Real Estate in Western U.S. Cushman & Wakefield acquires P&D Real Estate Consultants in Turkey.

2009

  • Cushman & Wakefield Spain celebrates its 20th anniversary with a team of over one hundred and twenty professionals located in Madrid and Barcelona

2010

  • Glenn Rufrano named President & CEO.
  • Cushman & Wakefield Spain becomes ISO certified for 9001 Quality Management Standards (QMS).

2011

  • Cushman & Wakefield launches its first investment fund in partnership with the pension fund SWIP, to invest in urban retail properties throughout Europe. The company has approximately $5.5 billion in assets under management, primarily in Europe and Asia Pacific.
  • Cushman & Wakefield acquires full ownership of Corporate Occupier Solutions (COS), Ltd. , formerly a joint venture between Cushman & Wakefield and EC Harris to provide integrated facility, project, transaction, and asset management services to corporate real estate client across EMEA.

2015

  • On 1 September 2015 the merger between Cushman & Wakefield and DTZ was successfully completed. The new Cushman & Wakefield draws on the best of both legacy organizations to create one of the world’s largest real estate services firms. LEARN MORE

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