Mack-Cali vet Mitchell Rudin will be the new Savills Studley prez

Will replace Michael Colacino at the international brokerage firm

TRD New York /
Sep.September 10, 2018 06:45 PM

Mitchell Rudin

One of New York’s top commercial leasing brokerages has a new addition to its c-suite.

Mitchell Rudin, who left a $2.3 million gig at Mack-Cali Realty Corporation last year, will join Savills Studley as president, the New York Post reported.

He replaces Michael Colacino, who held the post for 16 years and who is leaving to found a software firm. Rudin will begin work for his new employer on Jan. 1.

Savills Studley, which operates under the umbrella of London-based Savills, has more than 600 offices worldwide. In Manhattan, it was the fifth-biggest office leasing brokerage last year, with 3.7 million square feet of deals, all on the tenant side.

In The Real Deal‘s ranking of the top 40 investment sales firms in 2017, Savills Studley placed 39th with $47.9 million in dollar volume across seven deals.

“I am confident that in Mitch Rudin we have found the best possible candidate to replace Michael as president,” Savills Studley CEO Mitchell Steir said in a press release.

In 2017, Rudin was demoted from his position as CEO at Mack-Cali. He was previously CEO of Brookfield’s commercial operations until spontaneously exiting that post in 2014.  [NYP] — Will Parker


Related Articles

arrow_forward_ios
A mass timber project in Cleveland is now under construction and could be the nation’s tallest when completed. Harbor Bay Real Estate Advisors’ Intro development will rise nine stories with 298 residential units (Credit: Harbor Bay Real Estate Advisors)

Mass timber project in Cleveland could be nation’s tallest

Mass timber project in Cleveland could be nation’s tallest
Joy Construction’s Eli Weiss (left), Maddd Equities’ Jorge Madruga (top), and Drew Katz (right) with 20 Bruckner Boulevard in the Bronx (Getty; Google Maps)

“Dream” comes true for long-vacant Bronx ice house

“Dream” comes true for long-vacant Bronx ice house
“We’re not in the business of land-grabbing:” Hana CEO on the future of flex space

“We’re not in the business of land-grabbing:” Hana CEO on the future of flex space

“We’re not in the business of land-grabbing:” Hana CEO on the future of flex space
Photo illustration of Sen. Brian Kavanagh (Credit: Kavanagh by Albin Lohr-Jones/Pacific Press/LightRocket, Getty Images, iStock)

Lawmakers skip #CancelRent in favor of more modest bills

Lawmakers skip #CancelRent in favor of more modest bills
The process for challenging property assessments is so antiquated, officials won’t do Zoom meetings. (iStock)

“A recipe for disaster”: Fighting property taxes in a pandemic

“A recipe for disaster”: Fighting property taxes in a pandemic
Director of Research & Analytics for CBRE Tri-State Nicole LaRusso, Vice Chairman & Director at Savills David Goldstein, and President of Newmark Knight Frank's Tri-State region David Falk

“For years we all laughed at them”: office brokers warm to virtual tours

“For years we all laughed at them”: office brokers warm to virtual tours
Andrew Florance, CEO of CoStar (Photo by Jeffrey MacMillan for the Washington Post)

EXCLUSIVE: CoStar’s Andy Florance on buying Ten-X, the future of office buildings and why brokers don’t need discounts

EXCLUSIVE: CoStar’s Andy Florance on buying Ten-X, the future of office buildings and why brokers don’t need discounts
An institutional investor’s sale of a 7 percent stake in an exchange-traded real estate fund reveals deep concerns about the sector. (Credit: iStock)

Mystery investor dumps big stake in real estate fund

Mystery investor dumps big stake in real estate fund
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...