Savills Studley

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

Savills Studley is an American real estate company which specializes in tenant representation. Its headquarters are in New York City. It is a 100%-owned subsidiary of Savills, a British property company. 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]

From 1963 the company published The Studley Report, a monthly survey of New York City's available office space, which helped commercial real estate agents to understand the local market.[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.

In 2014 the company was bought by the UK property company Savills for $280 million; the name was changed to Savills Studley.[5]

References

  1. 1 2 [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. ↑ 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. 1 2 3 Roger Vincent (January 21, 2003). Studley's New Team to Broaden Business. Los Angeles Times. Archived February 11, 2014.
  5. ↑ [s.n.] (May 4, 2014). Studley Purchase: Big Deal for Unusual Player. Wall Street Journal. Accessed October 2015.


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