Company History

Cushman & Wakefield storefront 1917.
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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 approximately 250 offices in 60 countries, employing more than 16,000 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.

1860

  • George Healey’s son, Alfred, becomes a partner in the firm, and the company greatly expands its activities in London, in particular the Bayswater Road area.

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.

1917

  • Cushman & Wakefield is incorporated in New York by J. Clydesdale Cushman and Bernard Wakefield.

1920

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

1930’s-1940’s

  • Cushman & Wakefield becomes a market leader in all real estate services throughout the regional New York area.

1960

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

1969

  • Media conglomerate RCA Corp. acquired Cushman & Wakefield.

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.

1990

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

1994

  • C&W worldwide partnership is established with major real estate services firms in the U.S., Europe, Asia, South America, Mexico, and Canada.

2001

  • Cushman & Wakefield acquires Cushman Realty Corporation (CRC), bolstering its presence on the West Coast and Southwest United States, bringing CRC founders John C. Cushman III and Louis B. Cushman back to the firm founded by their grandfather, J. Clydesdale Cushman and great-uncle, Bernard Wakefield. John C. Cushman became Chairman of the Board of Directors, and Louis B. Cushman, Vice Chairman.

2002

  • The Cushman & Wakefield Alliance Program was formed to expand service capabilities for clients in U.S. markets where owned offices were not maintained.

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.

2006

  • Cushman & Wakefield establishes its own office in Romania, Central Europe’s second biggest market after Poland. Cushman & Wakefield purchase
  • Cushman & Wakefield Mexico.

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 acquires 100% interest in Alston Nock, Birmingham-based retail specialist.
  • 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.

2010

  • Glenn Rufrano named President & CEO.

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.

2012

  • The firm has approximately 250 offices in 60 countries, employing more than 16,000 professionals.

2013

  • Edward C. Forst named President & CEO.

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