Coldwell Banker Commercial or CBC is part of the oldest and most respected national real estate brand in the country.
Contents |
The company was launched in 1906. After the devastating 1906 San Francisco earthquake and fires, real estate agent Colbert Coldwell formed a new real estate company. Coldwell disapproved of the then-common practice of real estate agents acquiring properties for themselves, often from uninformed sellers at ridiculously low prices, and then reselling them for huge profits. He and two partners formed the company of Tucker, Lynch and Coldwell on August 27, 1906. In 1913, Benjamin Arthur Banker joined the firm as a salesman and became a partner in 1914. He and Coldwell remained active in the company throughout their lives.[2] In the early years of growth, Coldwell Banker offices were devoted primarily to commercial real estate brokerage firms. In 1925 the first residential real estate office opened in San Francisco, and a full fledged residential real estate department was formed by 1937.
The Coldwell Banker Commercial organization comprises over 200 companies and more than 3,000 professionals throughout the U.S., as well as presence in over 20 countries internationally. The organization’s worldwide headquarters are in Parsippany, NJ.
The company is owned by Realogy, which also owns Cartus, Century 21 Real Estate, Corcoran Real Estate, Coldwell Banker, Sotheby's International Realty, TRG, Better Homes and Gardens Real Estate and ERA Real Estate.