Windermere Real Estate

Last updated
Windermere Real Estate Services
Company typePrivately held company
IndustryReal Estate
Founded1972
FounderJohn Jacobi
HeadquartersSeattle
Number of locations
300
Key people
  • Geoff Wood (Chief executive officer and Co-President)
  • Jill Jacobi Wood(Co-president)
  • OB Jacobi (Co-president)
  • Brooks Burton (Chief Operating Officer)
Services
  • Residential real estate services and investment]
Number of employees
7000
Website windermere.com

Windermere Real Estate is a real estate company founded in 1972 and based in Seattle, Washington. [1] It is a privately held company and is the largest regional real estate company in the Western U.S., with over 300 offices and 6,500 agents. [2]

Contents

History

Windermere Real Estate was founded by John W. Jacobi in 1972, when he purchased an eight-agent office in Seattle, Washington. [1] It grew outside Seattle in 1984 with an office on Bainbridge Island. [3] As of 2019, Windermere had offices in Washington, Oregon, California, Idaho, Montana, Nevada, Arizona, Hawaii, Utah, Alaska, Mexico, [4] and Colorado. [5] All Windermere offices are locally owned and operated.

In 1989, the company created the Windermere Foundation to support low-income and homeless children and families throughout its footprint. A portion of every commission on a real estate transaction is donated directly to the Foundation in addition to other fundraisers held at office, regional, or company-wide events, including an annual Community Service Day. [2]

In 2010, Windermere created Windermere Solutions, a web platform for agents. [6] Windermere Solutions rebranded as MoxiWorks in 2014 and began operating independently of Windermere Real Estate. [7] In 2015, Windermere partnered with Porch.com to integrate their data with MoxiWorks. [8]

On March 12, 2013, Windermere announced that it would add drive times to and from work as an attribute of new home buying. [9] According to INRIX, Windermere is the first real estate company to offer this feature. [10] On August 9, 2013 Windermere added Search by Drive Time as a new home buyer feature to its website. [11]

In 2016, Windermere Real Estate entered a three-year agreement to be the "Official Real Estate Company of the Seattle Seahawks". [12] In November 2016, Windermere launched the "W" Collection, a luxury residential real estate brand for houses priced over $3 million. [13] The "W" Collection was an extension of the company's Premier Properties program. [13]

In 2006, D'Ambrosio & Associates Realtors joined Windermere as a subsidiary. [14] In 2018, Windermere Real Estate acquired a 50 percent stake in West Coast Commercial Realty, a Seattle-based commercial real estate firm. [15]

Geoff P. Wood, the son-in-law of founder John Jacobi, became president of the Windermere Real Estate Company in 1999. [1] He was promoted to CEO in 2003 and became co-president in 2007. [16] Jill Jacobi Wood, daughter of John Jacobi, was appointed President of Windermere Real Estate Company in 2003. [17] In 2009, OB Jacobi, John Jacobi's son, was appointed co-president. [1] As of 2007, John Jacobi served as chairman of the board for Windermere Real Estate Company after ceasing participation in day-to-day operations. [16]

In 2017, Windermere appointed its first COO, Brooks Burton. [18]

Philanthropy and awards

In 1987, Windermere Real Estate sponsored the first Windermere Cup, a crew race in the Montlake Cut of the Lake Washington Ship Canal, which became an annual event. In 2002 the company began sponsoring the Cascade Cup. [19]

In 1989, the company established The Windermere Foundation to support low-income and homeless families. The foundation won the Corporate Philanthropy Award in 2018 from the Portland Business Journal. [20]

In 2003, Windermere launched a program called Home For The Holidays, which pays one year's rent for seven families in the Puget Sound Region. [21]

In 1999, Windermere Real Estate received the Washington Family Business of the Year Award (Large Business) from the Pacific Lutheran University Family Enterprise Institute. [22]

In 2008, Windermere Real Estate was named the "Top Private Company" by Washington CEO magazine. [1] In 2013, Windermere was awarded the Succession Award from Seattle Business Magazine. [23] In 2015, Inman nominated Windermere for their Most Innovative Real Estate Company award. [24]

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References

  1. 1 2 3 4 5 "It's a family affair at 40-year-old Windermere". The Seattle Times. Retrieved 2018-11-30.
  2. 1 2 "Windermere Real Estate Celebrates 50TH Anniversary" . Retrieved 2022-01-31.
  3. ↑ ""Kushner sells office, will retire the business will be owned by islander Jim Laws." | Bainbridge Island Review". Bainbridge Island Review. 2001-06-27. Retrieved 2018-11-30.
  4. ↑ "Windermere expands in Southern California, hires new exec". Inman. Retrieved 2018-11-30.
  5. ↑ "Browns to open Windermere Real Estate office in Windsor – BizWest". BizWest. 2018-01-11. Retrieved 2018-11-30.
  6. ↑ "New broker platform merges CRM, intranet, email marketing". Inman. Retrieved 2018-11-30.
  7. ↑ "Windermere Solutions rebrands to Moxi Works, launches new real estate software". GeekWire. 2014-10-08. Retrieved 2018-11-30.
  8. ↑ CNBC (2015-02-17). "Porch.com and Windermere Real Estate Come Together to Simplify Home Buying". CNBC. Retrieved 2018-11-30.
  9. ↑ Wingfield, Nick (March 12, 2013), "Predicting Commutes More Accurately for Would-Be Home Buyers", The New York Times
  10. ↑ Windermere Real Estate and INRIX Partner to Help Home Buyers Find Properties with the Actual Drive Times (press release), INRIX, March 13, 2013
  11. ↑ Hanley Frank, Blair (August 9, 2013), "Windermere partners with Inrix to provide drive-time recommendations for homebuyers", GeekWire
  12. ↑ "Exclusive: Windermere, Seahawks to tackle homelessness as part of sponsorship deal". www.bizjournals.com. Retrieved 2018-11-30.
  13. 1 2 "Windermere's ultra luxury W Collection brand and website officially launches". www.bizjournals.com. Retrieved 2018-11-30.
  14. ↑ "D'Ambrosio joins with Windermere". www.bizjournals.com. Retrieved 2018-11-30.
  15. ↑ "Windermere acquires 50% of West Coast Commercial Realty". Inman. Retrieved 2018-11-30.
  16. 1 2 "Windermere founder passes the torch to next generation". www.bizjournals.com. Retrieved 2018-11-30.
  17. ↑ "Windermere Real Estate | History of Windermere" . Retrieved 2018-11-30.
  18. ↑ "Windermere Real Estate Appoints Its First COO: Brooks Burton". Inman. Retrieved 2018-11-30.
  19. ↑ "The eight most memorable Windermere Cup rowing races in Huskies history". The Seattle Times. 2016-05-05. Retrieved 2018-11-30.
  20. ↑ "Corporate Philanthropy Award winner (Large Category): Windermere Realty Trust". www.bizjournals.com. Retrieved 2018-11-30.
  21. ↑ "Windermere Real Estate" . Retrieved 2018-11-30.
  22. ↑ "Pacific Lutheran University Family Enterprise Institute". community.plu.edu. Retrieved 2018-11-30.
  23. ↑ "It's All Relative: Family Business Awards | Seattle Business Magazine". www.seattlebusinessmag.com. Retrieved 2018-11-30.
  24. ↑ "Inman announces 2015 Innovator Award candidates". Inman. Retrieved 2018-11-30.
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