COMPANY·HISTORIES
NAIC 531312

Nonresidential Property Managers

How the companies in this industry began, and the forces that shaped them.

38companies1889–1994founding years38still active0no longer operating
§ 01

The industry over time

Companies foundedEconomyTechnologyEnvironment
FoundedHongkong Land Holdings Limited
1889
1903
TechnologyThe Wright brothers achieve powered flight.
FoundedLand Securities PLC
1905
FoundedCB Richard Ellis Group, Inc.
1906
1908
TechnologyThe Ford Model T brings the automobile to the middle class.
1913
EconomyThe Federal Reserve is created.
1914
EconomyWorld War I begins; global trade reorders.
1929
EconomyThe stock market crashes; the Great Depression begins.
1933
EconomyNew Deal reforms reshape banking and industry.
FoundedThe St. Joe Company
1936
FoundedMitsubishi Estate Company, LimitedFoundedS.A.C.I. Falabella
1937
1939
EconomyWorld War II begins; wartime production surges.
1945
EconomyThe war ends; a long postwar expansion begins.
1947
TechnologyThe transistor is invented at Bell Labs.
FoundedTrammell Crow Company
1948
FoundedHammerson plc
1953
FoundedSimco S.A.
1956
EconomyThe Interstate Highway program remakes commerce.
1958
TechnologyThe integrated circuit is demonstrated.
1962
EnvironmentSilent Spring launches the modern environmental movement.
FoundedLincoln Property Company
1965
FoundedUnibail SA
1968
FoundedNew World Development Company Limited
1970
EnvironmentThe EPA is founded; environmental regulation expands.
1971
EconomyThe dollar leaves the gold standard; Nasdaq opens.
FoundedTarragon Realty Investors, Inc.
1973
EconomyThe OPEC oil embargo triggers a global shock.
1975
TechnologyThe personal-computer era begins with the Altair.
FoundedThe Staubach Company
1977
1979
EconomyA second oil crisis drives inflation higher.
FoundedParque Arauco S.A.
1981
TechnologyThe IBM PC launches and sets a standard.
FoundedAmerihost Properties, Inc.FoundedFlorida East Coast Industries, Inc.
1984
TechnologyApple ships the Macintosh; the GUI era begins.
FoundedFortis, Inc.
1987
EconomyBlack Monday: markets fall 22% in a single day.
1991
TechnologyThe World Wide Web is released to the public.
1993
TechnologyThe Mosaic browser brings the web to everyone.
1995
TechnologyWindows 95 launches; the internet goes mainstream.
1997
EconomyThe Asian financial crisis rattles global markets.
EnvironmentThe Kyoto Protocol sets the first climate targets.
2000
EconomyThe dot-com bubble bursts.
2001
EconomyThe September 11 attacks; a recession follows.
2004
TechnologySocial media and Web 2.0 begin to take hold.
2007
TechnologyThe iPhone launches the smartphone era.
2008
EconomyThe global financial crisis freezes credit.
2010
TechnologyCloud computing goes mainstream for business.
2015
EnvironmentThe Paris Agreement sets global climate targets.
2020
EconomyThe COVID-19 pandemic upends the global economy.
2022
EconomyInflation spikes; central banks raise rates sharply.
2023
TechnologyGenerative AI reaches mainstream business use.
§ 02

The companies

Hongkong Land Holdings Limited →
Active · founded 1889 · Hong Kong
Hongkong Land Holdings Limited is one of Hong Kong's foremost property investment, development, and management…
Hongkong Land Holdings Limited →
Active · founded 1889 · Hong Kong
Hongkong Land Holdings Limited is one of Hong Kong's foremost property investment, development, and management…
Land Securities PLC →
Active · founded 1905 · United Kingdom
Unlike most of its competitors, Land Securities PLC has achieved and maintained its position as the United Kingdom's…
Land Securities PLC →
Active · founded 1905 · United Kingdom
Unlike most of its competitors, Land Securities PLC has achieved and maintained its position as the United Kingdom's…
CB Richard Ellis Group, Inc. →
Active · founded 1906
CB Richard Ellis Group, Inc., is the world's largest commercial real estate services firm.
CB Richard Ellis Group, Inc. →
Active · founded 1906
CB Richard Ellis Group, Inc., is the world's largest commercial real estate services firm.
The St. Joe Company →
Active · founded 1936
The St.
The St. Joe Company →
Active · founded 1936
The St.
Mitsubishi Estate Company, Limited →
Active · founded 1937 · Japan
A unit of the Mitsubishi Group, Mitsubishi Estate Company, Limited (MEC) is one of the foremost real estate management,…
Mitsubishi Estate Company, Limited →
Active · founded 1937 · Japan
A unit of the Mitsubishi Group, Mitsubishi Estate Company, Limited (MEC) is one of the foremost real estate management,…
S.A.C.I. Falabella →
Active · founded 1937 · Chile
S.A.C.I.
S.A.C.I. Falabella →
Active · founded 1937 · Chile
S.A.C.I.
Trammell Crow Company →
Active · founded 1948
Trammell Crow Company is one of the world's largest real estate management companies.
Trammell Crow Company →
Active · founded 1948
Trammell Crow Company is one of the world's largest real estate management companies.
Hammerson plc →
Active · founded 1953 · United Kingdom
1960s:Company undertakes foreign expansion into Australian, New Zealand, and U.S.
Hammerson plc →
Active · founded 1953 · United Kingdom
1960s:Company undertakes foreign expansion into Australian, New Zealand, and U.S.
Simco S.A. →
Active · founded 1956 · France
Simco S.A., an acronym for Société d'Investissements Immobiliers et de Construction (which translates roughly as…
Simco S.A. →
Active · founded 1956 · France
Simco S.A., an acronym for Société d'Investissements Immobiliers et de Construction (which translates roughly as…
Lincoln Property Company →
Active · founded 1965
Lincoln Property Company is one of the top developers of both office buildings and residential apartment complexes,…
Lincoln Property Company →
Active · founded 1965
Lincoln Property Company is one of the top developers of both office buildings and residential apartment complexes,…
Unibail SA →
Active · founded 1968 · France
Unibail SA is France's leading commercial property management company, with a portfolio of office buildings, shopping…
Unibail SA →
Active · founded 1968 · France
Unibail SA is France's leading commercial property management company, with a portfolio of office buildings, shopping…
New World Development Company Limited →
Active · founded 1970 · Hong Kong
Since its founding in 1970, New World Development Company Limited has been a leader in Hong Kong's bustling commercial…
New World Development Company Limited →
Active · founded 1970 · Hong Kong
Since its founding in 1970, New World Development Company Limited has been a leader in Hong Kong's bustling commercial…
Tarragon Realty Investors, Inc. →
Active · founded 1973
Tarragon Realty Investors, Inc.
Tarragon Realty Investors, Inc. →
Active · founded 1973
Tarragon Realty Investors, Inc.
The Staubach Company →
Active · founded 1977
The Staubach Company is one of the leading providers of corporate real estate services in the United States.
The Staubach Company →
Active · founded 1977
The Staubach Company is one of the leading providers of corporate real estate services in the United States.
Parque Arauco S.A. →
Active · founded 1981 · Chile
Parque Arauco S.A.
Parque Arauco S.A. →
Active · founded 1981 · Chile
Parque Arauco S.A.
Amerihost Properties, Inc. →
Active · founded 1984
Amerihost Properties, Inc.--known for its fast-growing flagship chain AmeriHost Inns--owns and operates more than 90…
Amerihost Properties, Inc. →
Active · founded 1984
Amerihost Properties, Inc.--known for its fast-growing flagship chain AmeriHost Inns--owns and operates more than 90…
Florida East Coast Industries, Inc. →
Active · founded 1984
In 2000, Amtrak reached an agreement to use FECR's coastal tracks to begin a passenger service.
Florida East Coast Industries, Inc. →
Active · founded 1984
In 2000, Amtrak reached an agreement to use FECR's coastal tracks to begin a passenger service.
Fortis, Inc. →
Active · founded 1987 · Canada
Fortis, Inc., through its subsidiaries, is the leading distributor of electricity in the Province of Newfoundland and…
Fortis, Inc. →
Active · founded 1987 · Canada
Fortis, Inc., through its subsidiaries, is the leading distributor of electricity in the Province of Newfoundland and…
Reckson Associates Realty Corp. →
Active · founded 1994
Reckson Associates Realty Corp.
Reckson Associates Realty Corp. →
Active · founded 1994
Reckson Associates Realty Corp.
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