The roots of Coldwell Banker Schmidt Commercial® date back to 1906 when Colbert Coldwell played a key role in rebuilding San Francisco after the devastating earthquake. Later joined by Benjamin Arthur Banker, the two partners established a company committed to commercial real estate, and in 1937 Coldwell Banker formed a residential real estate operation.
Over the next several decades, Coldwell Banker embarked on a nationwide expansion to become the dominant commercial real estate company across America.
Sears, Roebuck & Co. formed the Sears Financial Network and acquired Coldwell Banker in 1981. The 1980s were a decade of tremendous growth for the company as Coldwell Banker acquired several companies throughout the United States.
In 1989, Sears, Roebuck & Co. sold the commercial side of Coldwell Banker to a group presently known as CB Richard Ellis. As a result of the purchase, the companies agreed to not-compete in major markets, and this agreement expired in 1994.
In 1996, Coldwell Banker was acquired by HFS, Inc. (now Cendant Corporation, NYSE: CD) and became part of the world's largest real estate franchise organization. In 1998, Cendant expanded the Coldwell Banker Commercial® brand under an affiliate business model. The affiliate company quickly grew in secondary and tertiary markets, and is concentrating expansion in major markets. The brand development has resulted in Coldwell Banker Commercial® being one of the top globally recognized commercial real estate entities.
Coldwell Banker Commercial® is a registered trademark licensed to Coldwell Banker Real Estate Corporation. The company has independently owned and operated affiliate real estate offices in more than 325 markets throughout North America, South America, Europe, Africa and Australia. The Coldwell Banker Commercial® system leads the industry in providing commercial real estate solutions, serving the needs of tenants, landlords, sellers and buyers in the leasing, acquisition, disposition and management of all commercial real estate property types. Coldwell Banker Real Estate Corporation is a subsidiary of Cendant Corporation (NYSE: CD).
For additional information, contact us at (800) 222-2162 or (973) 496-5593.
Each Office Is Independently Owned and Operated.