The Real Deal New York

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

Will replace Michael Colacino at the international brokerage firm
September 10, 2018 06:45PM

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