Five months after the Manhattan-based office leasing and sales firm Studley extended its reach across the Atlantic by merging with European real estate brokerage Savills, the company is looking to grow its footprint here.
Savills Studley, as the firm is now called, has promoted Steve Berliner, an executive who had managed Studley's New York City office since 2006, to oversee the merged company’s entire tri-state brokerage operations. The promotion of Mr. Berliner, who has helped the firm carve out its share of business against much larger competitors including CBRE and Jones Lang LaSalle, is a signal that the merged firm intends to look beyond the city to bolster its business regionally.
“As Savills Studley continues to grow our tenant-representation business in the New York tri-state markets, we are thrilled to have Steve’s unwavering support,” Mitch Steir, the company’s chief executive, said in a statement. “Steve has done an excellent job managing the growth of our New York office over the last eight years.”
The promotion reflects moves that other New York brokers have taken recently to bolster their own reach both domestically and overseas to cater to large corporate tenants in the city, whose real estate concerns stretch across a broad geography.
“I see a tremendous opportunity to continue to develop the tenant-representation model across the region,” Mr. Berliner said in a statement, referring to Savills Studley’s focus on working only with tenants in leasing deals, and not with landlords.
The promotion was also seen among industry sources as a way to expand Mr. Berliner’s role after the merger in order to enhance retention of key staffers at the company. Mr. Berliner has recruited several of the firm’s top dealmakers in the citySavills Studley expands regional footprint
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New York City Office Sector Report (Q2 2014)