Mitchell S. Steir

Mitchell Shubow Steir (born August 3, 1955)[4] is a commercial real estate broker.[5] He is former chairman and chief executive officer of Savills North America.[6]

Mitchell Shubow Steir
Born (1955-08-03) August 3, 1955
Alma materUniversity of North Carolina at Chapel Hill
OccupationChairman & chief executive officer of Savills
Board member of
Spouse(s)Nancy Ganz
Children2
Parent(s)Judith Shubow Steir
Berton Steir
Websitehttp://www.savills-studley.com/bios/mitchell-steir

Biography

Steir was born to a Jewish family on August 3, 1955[7] and raised in Brookline, Massachusetts,[8] the son of Judith (née Shubow) and Berton "Bert" Steir, the founder of Service Corporation of America. His grandfather was Boston rabbinical scholar, Joseph Shalom Shubow.[4][9] He attended Milton Academy, in Milton, Massachusetts,[10] and then the University of North Carolina at Chapel Hill.[11]

Steir's first job was at a computer training startup. He took his first real estate job with Huberth & Peters in 1983.[10][11] In 1984 he received The Most Ingenious Deal of the Year award of the Real Estate Board of New York.[5] In 1988 Steir joined Julien J. Studley Inc and has since been the firm's top-producing broker nationwide, closing more than 60 million square feet in leases over his career. In 2003, Steir led a management buyout of the company from Julien J. Studley and became chief executive officer.[12][13][14] In 2014, Steir arranged the $260 million sale of Studley to London-based Global Real Estate firm, Savills and he remained the CEO and Chairman of Savills, Inc.[15] In 2020, Steir directed and managed the acquisition of Macro for Savills, adding a robust project management service line to the brokerage firm’s fast-growing North American footprint.[16]

Steir’s clients include Time Warner,[17][18] Ralph Lauren,[19] Tiffany & Co.[20]., Accenture, Kirkland & Ellis,[21] Jones Day,[22] WilmerHale, Credit Agricole,[23] Winston & Strawn and Wachtell, Lipton, Rosen & Katz[24] among others. Steir’s 1,750,000-square-foot restructure and extension of Time Inc.'s corporate headquarters lease at 1271 Avenue of the Americas in 1999 remains the biggest Manhattan leasing deal ever.[25] He also negotiated the largest transaction of 2000 in midtown New York, 1,000,000 square feet (93,000 m2) for the headquarters of AOL Time Warner[26] at Columbus Circle.[27] The deal he closed for Cadwalader,[28] Wickersham & Taft LLP[29] was the first significant lease inked in lower Manhattan post-9/11with such proximity to the Trade Center site, totaling 460,000 square feet with an option for an additional 400,000 square feet for growth.

Steir is a member of the American Israel Public Affairs Committee (AIPAC) Real Estate Division Executive Council.[30] He is married to Nancy Ganz;[31] they have two children, Max and Rachel.[4]

References
  1. "Film Society of Lincoln Center Staff". Film Society of Lincoln Center.
  2. "Museum of the City of New York: About the Museum". Museum of the City of New York. Archived from the original on 2011-05-14.
  3. "Staff & Boards: Hamptons International Film Festival". Hamptons International Film Festival.
  4. Lauren Elkies ([n.d.]). Mitchell Steir. The Real Deal. Retrieved March 24, 2015.
  5. "The Next" (pdf). Real Estate Forum. 66 (828): 101. 2011. Retrieved April 11, 2013.
  6. "The Commish: Inside the Brokerage Biz". The Wall Street Journal.
  7. "Jewish Insider's Daily Kickoff: August 3, 2018". Haaretz. August 3, 2018.
  8. Vivian Marino (August 14, 2009). Square Feet - The 30-Minute Interview: Mitchell S. Steir. The New York Times. Accessed March 2015.
  9. "Vivian Steir Is Affianced". The New York Times. March 20, 1988.
  10. Teri Karush Rogers (January 1, 2006). A Tenacious Broker Who Avoids the Pack. The New York Times. Accessed March 2015.
  11. "Mitchell Steir: Executive Profile & Biography". Business Week.
  12. "Studley Buyout Completed". Real Estate Weekly: 11. December 2002. Retrieved 23 May 2013.
  13. Rich, Motoko (December 2002). "Studley Brokers Buy Control of Firm From Founder". The Wall Street Journal. Retrieved 23 May 2013.
  14. Rogers, Teri Karush (2006-01-01). "A Tenacious Broker Who Avoids the Pack (Published 2006)". The New York Times. ISSN 0362-4331. Retrieved 2020-12-16.
  15. "Studley Purchase: Big Deal for Unusual Player". Wall Street Journal. 2014-05-05. ISSN 0099-9660. Retrieved 2020-12-16.
  16. Savills (2020-03-12). "Savills Closes on Acquisition of Leading Project Management Firm Macro Consultants". GlobeNewswire News Room. Retrieved 2020-12-16.
  17. Cuozzo, Steve (2019-03-18). "Savills drops venerable Studley name from its brand". New York Post. Retrieved 2020-12-16.
  18. "The Power 100: The Most Powerful People in New York Real Estate". Observer. 2009-06-03. Retrieved 2020-12-16.
  19. Marino, Vivian (2009-08-14). "Mitchell S. Steir (Published 2009)". The New York Times. ISSN 0362-4331. Retrieved 2020-12-16.
  20. "Tiffany Signs For More Space At 200 Fifth, Giving it 100% Occupancy". Commercial Observer.
  21. Cuozzo, Steve (2004-08-03). "NEW LEASE DEAL AT TERROR TOWER". New York Post. Retrieved 2020-12-16.
  22. Weiss, Lois (2013-11-09). "Jones Day moves downtown". New York Post. Retrieved 2020-12-16.
  23. "The Commish". Wall Street Journal. 2011-12-12. ISSN 0099-9660. Retrieved 2020-12-16.
  24. Marino, Vivian (2009-08-14). "Mitchell S. Steir (Published 2009)". The New York Times. ISSN 0362-4331. Retrieved 2020-12-16.
  25. "Mitchell Steir | TRD Research". therealdeal.com. Retrieved 2020-12-16.
  26. "Studley Purchase: Big Deal for Unusual Player". Wall Street Journal. 2014-05-05. ISSN 0099-9660. Retrieved 2020-12-16.
  27. Cuozzo, Steve (2019-03-18). "Savills drops venerable Studley name from its brand". New York Post. Retrieved 2020-12-16.
  28. Rogers, Teri Karush (2006-01-01). "A Tenacious Broker Who Avoids the Pack (Published 2006)". The New York Times. ISSN 0362-4331. Retrieved 2020-12-16.
  29. Holusha, John (2004-05-16). "Commercial Property/Manhattan; How a Law Firm's Downtown Lease Came Together (Published 2004)". The New York Times. ISSN 0362-4331. Retrieved 2020-12-16.
  30. American Israel Public Affairs Committee: "AIPAC REAL ESTATE DIVISION EXECUTIVE COUNCIL" retrieved December 2, 2014
  31. About Nancy Ganz. Retrieved December 21, 2014.
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