NEW YORK CITY—Creating a fully global tenant representationfirm, Studley and London-baased Savills plc plan to merge. In theUS the firm will be named Savills Studley when the deal closes,which is expected to happen at month's end. Worldwide, the mergedentity will have more than 500 locations.
Savills' 30 employees across offices here and in Washington, DCand Los Angeles will move into Studley's offices at the end ofJune. Savills' current New York office—at 599 Lexington Ave.—spans15,000 square feet.
Studley chairman and CEO Mitchell Steir will continue aschairman and CEO of Savills Studley while Studley president MichaelColacino will remain in that same position at the merged company.Messrs. Steir and Colacino will share a seat on the Savills Groupexecutive board.
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Rayna Katz
Rayna Katz is a seasoned business journalist whose extensive experience includes coverage of the lodging sector, travel and the culinary space. She was most recently content director for a business-to-business publisher, overseeing four publications. While at Meeting News, a travel trade publication, she received a Best Reporting award for a story on meeting cancellations in New Orleans during Hurricane Katrina.
