Baird & Warner

Baird & Warner is a residential real estate services company based in Chicago, Illinois.

Baird & Warner serves the Chicago metro area. It is the largest independent brokerage in Chicago and its suburbs, with nearly 2,000 real estate brokers and 26 sales offices found across Northeastern Illinois. Baird & Warner also offers loan services through Key Mortgage Services, Inc. and title insurance and attorneys through Baird & Warner Title Services.

Baird & Warner was founded in on March 28, 1855 in Chicago. The company's first recorded transaction was a $5,000 loan to Edward Casey & Brothers, taking security mortgages on property along Washington Street in downtown Chicago. The firm began as a partnership between Lucious Olmsted and Lyman Baird of New Haven, Connecticut.

Lucious Olmsted died shortly after in 1862 and Baird invited Francis Bradley - also of New Haven, Connecticut - to join the firm. The company was then known as Baird & Bradley. The partners worked with East Coast investors to channel millions of dollars to the developing city, including the purchase of land for Chicago's major train station, Union Station.

In 1871, Baird & Bradley was located at 90 LaSalle Street. When the Great Chicago Fire burned most of Chicago, the only thing that was left of the office was the fireproof safe containing the company ledgers. These documents helped Chicago officials verify property ownership after the city's records were destroyed.

After the Fire, Lyman Baird and Francis Bradley further encouraged out-of-state investors to send more money to assist the rebirth of Chicago. Investors put up nearly $140 million to cover to cost of reconstruction, and this incredible support created such a sustained building boom that it cushioned the worst effects of the financial panic of 1873.

After the death of Francis Bradley, Lyman Baird named his son Wyllys Baird and son-in-law George L. Warner to head the company in 1893. From then on the firm was known as Baird & Warner. As the population of Chicago began to increase, Baird & Warner became active in subdivision development in areas like Englewood and Uptown.

Wyllys Baird died in 1928 during the prosperous 1920s, and his son Warner G. Baird took over the company.

The results of the Great Depression caused Baird & Warner to change business models. After World War II, special home loans for veterans and the growth of the Chicago suburbs presented the opportunity for the company to move into the residential sales industry. Baird & Warner expanded to 10 sales offices throughout the area by 1950.

In 1954, fourth generation Baird family member John W. Baird became vice president of the company.

...
Wikipedia