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Mitchell Shubow Steir
Born (1955-08-03) August 3, 1955 (age 69)
Alma materUniversity of North Carolina at Chapel Hill
OccupationChairman & chief executive officer of Savills
Board member of
SpouseNancy Ganz
Children2
Parent(s)Judith Shubow Steir
Berton Steir
Websitehttp://www.savills-studley.com/bios/mitchell-steir

Mitchell Shubow Steir (born August 3, 1955)[4] is a commercial real estate broker.[5] He is former chairman and chief executive officer of Savills North America.[6]

Biography

[edit]

Steir was born to a Jewish family on August 3, 1955[7] and raised in Brookline, Massachusetts,[8] the son of Judith (née Shubow) and Berton "Bert" Steir, the founder of Service Corporation of America. His grandfather was Boston rabbinical scholar, Joseph Shalom Shubow.[4][9] He attended Milton Academy, in Milton, Massachusetts,[10] and then the University of North Carolina at Chapel Hill.[11]

Steir's first job was at a computer training startup. He took his first real estate job with Huberth & Peters in 1983.[10][11] In 1984 he received The Most Ingenious Deal of the Year award of the Real Estate Board of New York.[5] In 1988 Steir joined Julien J. Studley Inc and has since been the firm's top-producing broker nationwide, closing more than 60 million square feet in leases over his career. In 2003, Steir led a management buyout of the company from Julien J. Studley and became chief executive officer.[12][13][14] In 2014, Steir arranged the $260 million sale of Studley to London-based Global Real Estate firm, Savills and he remained the CEO and Chairman of Savills, Inc.[15] In 2020, Steir directed and managed the acquisition of Macro for Savills, adding a robust project management service line to the brokerage firm’s fast-growing North American footprint.[16]

Steir’s clients include Time Warner,[17][18] Ralph Lauren,[19] Tiffany & Co.[20]., Accenture, Kirkland & Ellis,[21] Jones Day,[22] WilmerHale, Credit Agricole,[23] Winston & Strawn and Wachtell, Lipton, Rosen & Katz[24] among others. Steir’s 1,750,000-square-foot restructure and extension of Time Inc.'s corporate headquarters lease at 1271 Avenue of the Americas in 1999 remains the biggest Manhattan leasing deal ever.[25] He also negotiated the largest transaction of 2000 in midtown New York, 1,000,000 square feet (93,000 m2) for the headquarters of AOL Time Warner[15] at Columbus Circle.[17] The deal he closed for Cadwalader,[26] Wickersham & Taft LLP[27] was the first significant lease inked in lower Manhattan post-9/11with such proximity to the Trade Center site, totaling 460,000 square feet with an option for an additional 400,000 square feet for growth.

Steir is a member of the American Israel Public Affairs Committee (AIPAC) Real Estate Division Executive Council.[28] He is married to Nancy Ganz;[29] they have two children, Max and Rachel.[4]

References

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  1. ^ "Film Society of Lincoln Center Staff". Film Society of Lincoln Center.
  2. ^ "Museum of the City of New York: About the Museum". Museum of the City of New York. Archived from the original on 2011-05-14.
  3. ^ "Staff & Boards: Hamptons International Film Festival". Hamptons International Film Festival.
  4. ^ a b c Lauren Elkies ([n.d.]). Mitchell Steir. The Real Deal. Retrieved March 24, 2015.
  5. ^ a b "The Next" (pdf). Real Estate Forum. 66 (828): 101. 2011. Retrieved April 11, 2013.
  6. ^ "The Commish: Inside the Brokerage Biz". The Wall Street Journal.
  7. ^ "Jewish Insider's Daily Kickoff: August 3, 2018". Haaretz. August 3, 2018.
  8. ^ Vivian Marino (August 14, 2009). Square Feet - The 30-Minute Interview: Mitchell S. Steir. The New York Times. Accessed March 2015.
  9. ^ "Vivian Steir Is Affianced". The New York Times. March 20, 1988.
  10. ^ a b Teri Karush Rogers (January 1, 2006). A Tenacious Broker Who Avoids the Pack. The New York Times. Accessed March 2015.
  11. ^ a b "Mitchell Steir: Executive Profile & Biography". Business Week. Archived from the original on September 30, 2014.
  12. ^ "Studley Buyout Completed". Real Estate Weekly: 11. December 2002. Retrieved 23 May 2013.
  13. ^ Rich, Motoko (December 2002). "Studley Brokers Buy Control of Firm From Founder". The Wall Street Journal. Retrieved 23 May 2013.
  14. ^ Rogers, Teri Karush (2006-01-01). "A Tenacious Broker Who Avoids the Pack (Published 2006)". The New York Times. ISSN 0362-4331. Retrieved 2020-12-16.
  15. ^ a b "Studley Purchase: Big Deal for Unusual Player". Wall Street Journal. 2014-05-05. ISSN 0099-9660. Retrieved 2020-12-16.
  16. ^ Savills (2020-03-12). "Savills Closes on Acquisition of Leading Project Management Firm Macro Consultants". GlobeNewswire News Room. Retrieved 2020-12-16.
  17. ^ a b Cuozzo, Steve (2019-03-18). "Savills drops venerable Studley name from its brand". New York Post. Retrieved 2020-12-16.
  18. ^ "The Power 100: The Most Powerful People in New York Real Estate". Observer. 2009-06-03. Retrieved 2020-12-16.
  19. ^ Marino, Vivian (2009-08-14). "Mitchell S. Steir (Published 2009)". The New York Times. ISSN 0362-4331. Retrieved 2020-12-16.
  20. ^ "Tiffany Signs For More Space At 200 Fifth, Giving it 100% Occupancy". Commercial Observer.
  21. ^ Cuozzo, Steve (2004-08-03). "NEW LEASE DEAL AT TERROR TOWER". New York Post. Retrieved 2020-12-16.
  22. ^ Weiss, Lois (2013-11-09). "Jones Day moves downtown". New York Post. Retrieved 2020-12-16.
  23. ^ "The Commish". Wall Street Journal. 2011-12-12. ISSN 0099-9660. Retrieved 2020-12-16.
  24. ^ Marino, Vivian (2009-08-14). "Mitchell S. Steir (Published 2009)". The New York Times. ISSN 0362-4331. Retrieved 2020-12-16.
  25. ^ "Mitchell Steir | TRD Research". therealdeal.com. Retrieved 2020-12-16.
  26. ^ Rogers, Teri Karush (2006-01-01). "A Tenacious Broker Who Avoids the Pack (Published 2006)". The New York Times. ISSN 0362-4331. Retrieved 2020-12-16.
  27. ^ Holusha, John (2004-05-16). "Commercial Property/Manhattan; How a Law Firm's Downtown Lease Came Together (Published 2004)". The New York Times. ISSN 0362-4331. Retrieved 2020-12-16.
  28. ^ American Israel Public Affairs Committee: "AIPAC REAL ESTATE DIVISION EXECUTIVE COUNCIL" retrieved December 2, 2014
  29. ^ About Nancy Ganz. Retrieved December 21, 2014.
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