Company History

Cushman & Wakefield was established in New York, N.Y. on October 31, 1917
Click to Enlarge

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 with nearly 16,000 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.

1917

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

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.

1995

  • Cushman & Wakefield establishes operations in Asia Pacific with the first office in Hong Kong.

1997

  • Cushman & Wakefield begins operations in India. Becomes the first real estate service firm to receive FIPB approval to operate as wholly owned subsidiary of a foreign company.
  • Cushman & Wakefield opens office in Beijing.
  • Cushman & Wakefield established in Singapore.

2000

  • Cushman & Wakefield opens office in Shanghai.
  • Cushman & Wakefield established in Korea.
  • Cushman & Wakefield established in Japan.

2003

  • Cushman & Wakefield’s Shanghai office becomes the headquarters of Asia-Pacific operations.

2005

  • Bruce E. Mosler becomes CEO of Cushman & Wakefield.

2006

  • Cushman & Wakefield in India expands business to Pune and Kolkata.

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 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.
  • Cushman & Wakefield opens offices in Chengdu, Guangzhou and Shenzhen in China.

2008

  • Cushman & Wakefield acquires Laing + Simmons Commercial in Australia.
  • Cushman & Wakefield in Korea expands operations to Busan.
  • Cushman & Wakefield established in Indonesia.
  • Cushman & Wakefield established in Vietnam.

2009

  • Cushman & Wakefield APAC acquires Pacific Holdings - Japan’s second largest asset management company.

2010

  • Glenn Rufrano named President & CEO.
  • Sanjay Verma named CEO Asia Pacific.

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.
  • The firm has 253 offices in 59 countries, and nearly 15,000 employees.

2012

  • Cushman & Wakefield opens a second office in Shanghai, China in Pudong.
  • Cushman & Wakefield opens office in Ahmedabad, India.

2014

  • The firm approximately has 250 offices in 60 countries, and nearly 16,000 employees.

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

Service Finder

Find the commercial real estate services you need

Go