Savills Studley

Savills Studley
Private
Industry Real estate
Founded 1954
Headquarters New York City
Key people
Website www.savills-studley.com

Savills Studley is a privately held commercial real estate brokerage company that specializes in tenant representation. Its headquarters are in New York City. It was previously known as Julien J. Studley Inc and Studley, Inc..

History

The company was founded in 1954 by Julien J. Studley,[1] and from its foundation represented only tenants.[2]

In 1963 the company began producing and publishing a survey of New York City's available office space, which took the place of the informal exchange of anecdotes that had hitherto served commercial real estate agents to understand the local market.[3] Called The Studley Report, the monthly publication allowed, for the first time in New York, to understand the state of the market clearly, which allowed them to make better decisions about how much the commercial real estate they were seeking was actually worth.[3]

In December 2002, Studley and eight partners sold a controlling interest to 40[4] or 45[1] managers and brokers within the company for about $20 million.[4] The buyout was led by Mitchell Steir, who became CEO.[4] The company changed its name to Studley, Inc. in 2003.

References

  1. ↑ 1.0 1.1 [s.n.] (December 25, 2002). Studley Buyout Completed. Real Estate Weekly. Archived November 5, 2013.
  2. ↑ Teri Karush Rogers (January 1, 2006). A Tenacious Broker Who Avoids the Pack. New York Times. Accessed April 2014.
  3. ↑ 3.0 3.1 Peter Hellman (2004). Shaping the Skyline: The World According to Real Estate Visionary Julien Studley. Hoboken, NJ: John Wiley & Sons. ISBN 9780471657668. p. 86
  4. ↑ 4.0 4.1 4.2 Roger Vincent (January 21, 2003). Studley's New Team to Broaden Business. Los Angeles Times. Archived February 11, 2014.