John Cushman Honored With Lifetime Achievement Award

13 Mar, 2008, Los Angeles, CA

John C. Cushman III, Chairman of the Board of Cushman & Wakefield, has been honored with the Lifetime Achievement Award at the annual Real Estate 2008 conference held at the Westin Bonaventure Hotel in downtown Los Angeles.

The annual Lifetime Achievement Award recognizes individuals who have made a significant impact on the commercial real estate and business environment nationally and worldwide. The award was presented by Ronald L. Olson, Partner at the Los Angeles-based law firm of Munger, Tolles & Olson, whose highly successful career spans a wide array of high-profile representations and assignments.

"It is an understatement to say that John Cushman is now a legend in the world of commercial real estate,” said Mr. Olson. “He has been a legend for most of his professional life - a legend built on integrity, ingenuity, intelligence and, above all, incomparable energy."

Mr. Cushman began his career with Cushman & Wakefield in 1963 in New York City. In 1967, he moved to Los Angeles to open Cushman & Wakefield’s office in Southern California. He and his twin brother, Louis B. Cushman, started their own firm in 1978 - Cushman Realty Corporation - which merged with Cushman & Wakefield in June 2001.

Since his move to Los Angeles, Mr. Cushman has been involved in some of the largest and most complicated real estate projects in the Western United States, including the sale of the Pacific Lighting Corporation/Southern California Gas Company properties in Los Angeles, the sale of the Unocal headquarters complex, also in Los Angeles, and the relocation of Boeing’s corporate headquarters from Seattle to Chicago.

Outside the Los Angeles area, John Cushman has been involved in some of the most complicated office building and land sales in the U.S., including the Home Insurance Building at 59 Maiden Lane in New York; the Merrill Lynch Building at One Liberty Plaza in New York; Mountain Bell Center in Denver; the 1.73-million-square-foot Renaissance Tower in Dallas; and the largest non-oil and gas land sale in the State of Alaska to Sohio Alaska.

Mr. Cushman’s major lease transactions include the largest office lease in the world, the world headquarters of Merrill Lynch & Company involving 4 million square feet (initial occupancy) at the World Financial Center in New York City; the largest office building lease in the Western United States; and the office lease for PaineWebber’s headquarters in New York City.

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Cushman & Wakefield is the world's largest privately-held commercial real estate services firm. Founded in 1917, it has 221 offices in 58 countries and more than 15,000 employees. The firm represents a diverse customer base ranging from small businesses to Fortune 500 companies. It offers a complete range of services within four primary disciplines: Transaction Services, including tenant and landlord representation in office, industrial and retail real estate; Capital Markets, including property sales, investment management, valuation services, investment banking, debt and equity financing; Client Solutions, including integrated real estate strategies for large corporations and property owners, and Consulting Services, including business and real estate consulting. A recognized leader in global real estate research, the firm publishes a broad array of proprietary reports available on its online Knowledge Center at www.cushmanwakefield.com.

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