Savills Studley

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Savills North America
IndustryReal estate
Founded1855; 164 years ago (1855)
HeadquartersNew York City
Key people
Mitchell S. Steir, Chairman & CEO
Mitchell E. Rudin, President
Websitesavills.us

Savills North America is a company that represents tenants of commercial real estate. Savills offers a wide range of commercial real estate advisory services.

History[edit]

Founded in the UK in 1855, Savills is one of the world’s leading real estate service providers. The history of Savills North America dates back to 1954 when the company, Julien J. Studley, Inc., was founded by Julien J. Studley.[1]

In December 2002, Mitchell S. Steir led a group of 45 brokers to buy the company from Julien J. Studley.[2]

In March 2010, the company represented General Services Administration in its lease of One Constitution Square.[3]

In February 2011, the company acquired Gravitas Real Estate Resources.[4]

In February 2013, the company was engaged in a legal battle after two of its brokers left the company to join CBRE Group.[5]

In August 2013, the company represented Bechtel in negotiating a 565,916 square foot lease renewal and expansion in Houston, Texas.[6]

In 2014, the company was acquired by Savills for $280 million and the name of the company was changed to Savills Studley.[7][8][9][10]

In June 2015, the company represented the seller in the sale of the St. Gregory Hotel & Suites hotel in Washington, D.C. to Hersha Hospitality Trust for $57 million.[11]

In September 2015, along with CBRE Group and JLL, the company was selected to represent the General Services Administration on negotiating new leases.[12]

In November 2015, the company opened an office in Austin, Texas.[13]

In December 2015, the company acquired Real Facilities, based in Toronto.[14]

In January 2016, the company opened an office in Towson, Maryland.[15]

In February 2017, the company represented Amtrak in negotiating a new lease near Washington Union Station.[16]

In March 2019, the company underwent a rebranding and changed its name from Savills Studley to Savills.[17]

References[edit]

  1. ^ "SAVILLS STUDLEY". The Real Deal.
  2. ^ Chapman, Parke (December 18, 2002). "Studley changes ownership structure". National Real Estate Investor.
  3. ^ Plumb, Tierney (March 30, 2010). "GSA to take the rest of One Constitution Square". American City Business Journals.
  4. ^ "Studley buys Gravitas Real Estate Resources". American City Business Journals. February 23, 2011.
  5. ^ Sams, Douglas (February 22, 2013). "CBRE and Studley in court battle". American City Business Journals.
  6. ^ Zucker, Shaina (August 13, 2013). "Bechtel Corp. renews lease, expands in Galleria office complex". American City Business Journals.
  7. ^ Vincent, Roger (June 2, 2014). "Studley real estate brokerage merges with London-based giant Savills". Los Angeles Times.
  8. ^ "Studley Purchase: Big Deal for Unusual Player". The Wall Street Journal. May 4, 2014. (Subscription required (help)). Cite uses deprecated parameter |subscription= (help)
  9. ^ Fung, Amanda (May 5, 2014). "Details on Studley sale". Crain Communications.
  10. ^ Sernovitz, Daniel J. (May 1, 2014). "Studley, D.C.'s largest tenant rep firm, to be sold to London's Savills". American City Business Journals.
  11. ^ Sernovitz, Daniel J. (June 16, 2015). "Dupont Circle hotel sells for $57 million; new owner plans to upgrade restaurant, lobby". American City Business Journals.
  12. ^ Sernovitz, Daniel J. (September 30, 2015). "Three firms picked to represent the GSA on D.C.-area leasing deals". American City Business Journals.
  13. ^ Wilts, Alex (November 2, 2015). "Savills Studley opens on Congress Ave". American City Business Journals.
  14. ^ Marr, Garry (December 14, 2015). "U.S. real estate firm reaches into Canada: Savills Studley acquires Real Facilities". Financial Post.
  15. ^ "Savills Studley Opens Baltimore Office Expanding Its Tenant Representation and Industrial Services Throughout the Region" (Press release). PRWeb. January 19, 2016.
  16. ^ Sernovitz, Daniel J. (February 22, 2017). "Exclusive: Amtrak inks deal for new headquarters near Union Station". American City Business Journals.
  17. ^ Cuozzo, Steve (March 18, 2019). "Savills drops venerable Studley name from its brand". New York Post.