Cushman & Wakefield

Suite 3000, 225 W. Wacker Drive, Chicago, Illinois, 60606

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About Cushman & Wakefield

Summary

Cushman & Wakefield Inc. is a leading global commercial real estate services firm based in Chicago, Illinois, with approximately 52,000 employees across 60 countries. Founded in New York City in 1917 by J. Clydesdale Cushman and Bernard Wakefield, the company has grown into one of the world’s largest commercial real estate firms, managing about 5,100 million square feet of commercial space. In 2023, Cushman & Wakefield reported revenues of US$9.5 billion.

The company has expanded internationally over the years, with key milestones such as acquiring Healey & Baker in 1990 to establish its European presence and merging with DTZ in 2015, significantly increasing its global footprint. In 2018, Cushman & Wakefield became a publicly traded company listed on the New York Stock Exchange.

Throughout its history, the company has been involved in notable projects, including developing the iconic Sears Tower in Chicago. It has also been part of several acquisitions, including Cushman Realty Corporation in 2001 and Triad Commercial Properties in 2020.

Cushman & Wakefield is recognised for its innovative solutions and commitment to sustainability, ranking among America’s Best Employers for Women, and being named to TIME’s World’s Most Sustainable Companies list in 2024. The company also prioritises diversity and inclusion, with notable achievements such as receiving a 100% rating on the Human Rights Campaign’s Corporate Equality Index and being recognised as a top military-friendly employer.

History

Cushman & Wakefield Inc. was founded in New York City on October 31, 1917, by brothers-in-law J. Clydesdale Cushman and Bernard Wakefield. The company began as a small real estate firm and quickly established itself as a significant player in the industry.

In the 1960s, Cushman & Wakefield expanded nationally, establishing offices across the United States. In 1969, the company was acquired by RCA, and its ownership changed again in 1976 when The Rockefeller Group purchased RCA’s stake.

In 1989, Mitsubishi Estate Co. Ltd. became the majority shareholder of The Rockefeller Group, marking a new phase for the company. The following year, Cushman & Wakefield established its presence in Europe by acquiring Healey & Baker, a firm founded in 1910 by George Healey. This acquisition helped the company expand its international reach.

In 1994, Cushman & Wakefield entered into worldwide partnerships with real estate firms in the Americas, Europe, Asia, South America, Mexico, and Canada, forming a global network. The company continued to grow in the 2000s, acquiring Cushman Realty Corporation in 2001, which expanded its West Coast and Southwest US presence. John C. Cushman III and Louis B. Cushman, descendants of the firm’s founders, rejoined the company as part of this acquisition.

In 2007, the Agnelli family’s investment group, IFIL (now EXOR), acquired a 70% stake in Cushman & Wakefield, becoming the majority shareholder. In 2015, Cushman & Wakefield merged with DTZ, a move that expanded the company’s global operations and made it a leader in commercial real estate services. The merger was backed by a private equity group led by TPG, PAG, and Ontario Teachers’ Pension Plan.

In 2018, Cushman & Wakefield was listed on the New York Stock Exchange, marking a significant milestone in its history. The company continued to grow, acquiring Triad Commercial Properties in 2020, and remains a global leader in the commercial real estate services industry.

Portfolio

Cushman & Wakefield offers a comprehensive range of services under its Global Occupier Services (GOS) platform, which aims to optimise real estate portfolios and enhance business performance for its clients. One of the key offerings is Integrated Portfolio Management (IPM), which combines transaction management, portfolio administration, and strategic advisory to align real estate decisions with broader business objectives. It ensures that clients can make informed decisions and manage their portfolios effectively.

The company also provides Global Portfolio Administration, which focuses on data consolidation, lease management, and financial oversight. This service ensures portfolio accuracy and control, allowing clients to manage their real estate assets efficiently. In addition, Portfolio Strategy & Financial Advisory is another critical offering, delivering performance-driven strategic advisory services and comprehensive financial analytic support to optimise portfolio value and performance.

Cushman & Wakefield also delivers Integrated Facilities Management (IFM), which offers scalable solutions to manage the day-to-day operations of facilities. This service is designed to improve operational efficiency and the occupant experience. Alongside this, Project & Development Services manages the entire lifecycle of real estate projects, from planning through to execution, ensuring projects are delivered on time and within budget.

The firm also provides Transaction Management services, assisting clients in site selection and lease negotiations. This service helps optimise space utilisation and ensure flexibility. Cushman & Wakefield’s Strategic Consulting service aligns business and real estate strategies to create long-term, future-proof solutions for clients.

Additionally, the Programme Management Office (PMO) oversees global initiatives and manages complex projects across multiple locations, ensuring consistency and quality across different regions. Another important service is Total Workplace Solutions, which integrates workplace design and operational strategies, enhancing employee experience and productivity within the workplace.

Cushman & Wakefield also provides services for Multifamily Advisory Group, supporting investors in maximising the value of multifamily assets through expert advisory services. The firm’s services in Student Housing and Debt & Equity Financing offer specialised solutions in student housing investments and capital markets.

Leadership Team

Michelle MacKay | Global Chief Executive Officer
Andrew McDonald | Global President and Chief Operating Officer
Neil Johnston | Global Chief Financial Officer
Noelle Perkins | Executive Vice President, Chief Legal Officer & Corporate Secretary
Holly Tyson | Chief People Officer
Nathaniel Robinson | Chief Investment & Strategy Officer
Nadine Augusta | Chief Impact Officer
Marla Maloney | Co-Chief Executive, Americas
Brad Kreiger | Co-Chief Executive, Americas
Matthew Bouw | Chief Executive, APAC & EMEA
Mia Mends | Chief Executive, C&W Services
Aubrey Waddell | Chief Executive, Global Occupier Services
Sal Companieh | Chief Digital & Information Officer
Emily Kehinde | Chief Marketing Officer
Bregan Herrold | Americas Chief Financial Officer
Manuel Uria | International Chief Financial and Operating Officer

References

Cushman & Wakefield: Commercial Real Estate Services | Cushman & Wakefield
Cushman & Wakefield | Wikipedia
Cushman & Wakefield Inc – Company Profile | Global Data
Cushman & Wakefield | GRI Institute

Suite 3000, 225 W. Wacker Drive, Chicago, Illinois, 60606

Website https://www.cushmanwakefield.com/en

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