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The roots of Coldwell Banker
Commercial® date back to 1906 when Colbert
Coldwell played a key role in rebuilding San Francisco after a devastating
earthquake and fire ravaged businesses and homes.
Later joined by Benjamin Arthur Banker, the two partners established a
company committed to providing client-centered commercial real estate
services.
Over the next several decades, Coldwell
Banker® embarked on a nationwide expansion
to become the dominant commercial real estate company across America.
Today, CB SM has more than 500 offices and over
4,000 sales associates to provide clients with industry leading commercial
real estate solutions.
1906
Coldwell Banker is founded in San Francisco after a devastating
earthquake and fire, focusing on commercial real estate and assisting the
local business community in rebuilding San Francisco as a top city for
commerce.
1937
Coldwell Banker forms a residential real estate operation to provide
a full-range of services to its commercial real estate clients.
1940
Coldwell Banker is recognized as one of the largest commercial
property services firms in the western United States.
1963
CBC incorporates after nearly six decades of
operating as a partnership.
1981
Sears, Roebuck & Co. forms the Sears Financial Network and acquires
Coldwell Banker Real Estate Corporation.
1989
Sears, Roebuck & Co. sells the commercial division of Coldwell
Banker to a group of managers currently known as CBRE (CB Richard
Ellis). As a result of the purchase, the entities enter into a non-compete
agreement.
1993
CBC expands internationally into Canada.
1996
Coldwell Banker is acquired by HFS, Inc. (now Cendant Corporation,
NYSE: CD) and becomes part of the world's largest real estate franchise
organization.
1997
CBC expands into the Caribbean.
1998
- Cendant reintroduces the CBC brand under both an affiliate
and company-owned business model.
- CBC expands into Mexico and Singapore.
1999
- CBC reports 16,300 closed transactions.
- CBC expands into China, Greater Europe and Israel.
- Franchise Times ranks Coldwell Banker Real Estate Corporation #12 overall
among the top 200 franchise chains by worldwide sales.
2000
- CBC reports 24,900 closed transactions.
- CBC expands into Eastern Europe and Indonesia.
- Franchise Times ranks Coldwell Banker Real Estate Corporation #12 overall
among the top 200 franchise chains by worldwide sales.
2001
- CBC affiliates reported 25,000 closed transactions.
- CBC expands into Australia, Egypt, India and Venezuela.
- Franchise Times ranks Coldwell Banker Real Estate Corporation #13 overall
among the top 200 franchise chains by worldwide sales.
2002
- CBC reports 22,311 closed transactions.
- Coldwell Banker Commercial NRT acquires Arvida Realty Services, one
of the leading brokerage companies in the state of Florida.
- Franchise Times ranks Coldwell Banker Real Estate Corporation #1 among real
estate companies, and #10 overall, in the annual ranking of the "Top 200
Franchise Chains by Worldwide Sales."
2003
- Realcomm names CBC among the "Top 10 Most
Innovative Brokerage Firms in North America."
- CBC reports 25,760 closed transactions
totaling over $223 million in Adjusted Gross Commission.
- Franchise Times ranks Coldwell Banker Real Estate Corporation the #1 in real
estate and #8 overall among the top 200 franchise chains by worldwide sales.
2004
- The Lipsey Company names CBC among the
"Top 20 Commercial Real Estate Brands."
- CBC expands into Costa Rica,
Central America and South America.
- CBC reports 30,015 closed transactions
totaling over $300 million in Adjusted Gross Commission.
- Once again, Franchise Times ranks Coldwell Banker Real Estate Corporation
the #1 in real estate and #8 overall among the top 200 franchise chains by
worldwide sales.
2005
- Multi-Housing News magazine lists CBC as the
6th largest commercial real estate company in terms of transactions in the
multi-housing industry.
- Commercial Property News magazine lists CBC as
the 7th largest commercial real estate company in terms of brokerage
revenues.
- Entrepreneur magazine ranks Coldwell Banker Real Estate Corporation as the
#20 company in its annual Franchise 500 list.
- Coldwell Banker Commercial NRT acquires Prime Commercial Inc., to
form the largest commercial real estate company in Utah.
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