The origins of Coldwell Banker Commercial date back to 1906 in San Francisco when Colbert Coldwell helped to rebuild the city after the devastating earthquake. Later joined by Benjamin Arthur Banker, the two partners were initially devoted to commercial real estate brokerage. It wasn't until 1937 that COLDWELL BANKER formed a residential real estate department. Through the next several decades COLDWELL BANKER embarked on a nationwide expansion, becoming the dominant commercial real estate company nationwide.

In 1989, Sears, Roebuck & Co. sold the commercial side of Coldwell Banker's business to a group now known as CB Richard Ellis. In 1991, Coldwell Banker formed a pilot program of 41 commercial offices. As a result of the purchase, an agreement to not compete in major markets was entered into by the two companies. The non-compete agreement expired in 1994.

In 1996, Coldwell Banker was acquired by HFS, Inc. (now Cendant Corporation) and became part of one of the world's largest real estate franchise organizations.

Coldwell Banker Real Estate Corporation (COLDWELL BANKER) is one of the largest franchisors of real estate brokerage firms which maintain commercial operations, with more than 400 offices throughout the United States.

Coldwell Banker Commercial affiliates provide extensive coverage in second- and third-tier cities, as well as all major metropolitan markets. Coldwell Banker Commercial affiliates serve the needs of a diverse mix of tenants, landlords, sellers and buyers in the leasing, acquisition and disposition of all commercial real estate property types which represent the company's focus on providing a high level of service to clients regardless of transaction size. Coldwell Banker Commerciall maximizes value for clients of Coldwell Banker Commercial affiliates, which include individual investors and users of commercial real estate as well as corporations, partnerships and franchises, by offering a broad array of services and extensive market coverage.

COLDWELL BANKER has more than 3,000 independently owned and operated real estate offices with nearly 70,000 associates throughout North America. For more than 90 years, COLDWELL BANKER has been North America's premier full service provider of real estate services. For further information, visit the company's web site at www.coldwellbankercommercial.com. The company is a subsidiary of Cendant Corporation (NYSE: CD), a global provider of consumer and business services.