Mitchell Shubow Steir | |
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Born | August 3, 1955 |
Alma mater | University of North Carolina at Chapel Hill |
Occupation | Chairman & chief executive officer of Savills |
Board member of |
|
Spouse | Nancy Ganz |
Children | 2 |
Parent(s) | Judith Shubow Steir Berton Steir |
Website | http://www.savills-studley.com/bios/mitchell-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]
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 [15] at Columbus Circle. [17] The deal he closed for Cadwalader, [26] Wickersham & Taft LLP [27] 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. [28] He is married to Nancy Ganz; [29] they have two children, Max and Rachel. [4]
Mitchell Shubow Steir | |
---|---|
Born | August 3, 1955 |
Alma mater | University of North Carolina at Chapel Hill |
Occupation | Chairman & chief executive officer of Savills |
Board member of |
|
Spouse | Nancy Ganz |
Children | 2 |
Parent(s) | Judith Shubow Steir Berton Steir |
Website | http://www.savills-studley.com/bios/mitchell-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]
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 [15] at Columbus Circle. [17] The deal he closed for Cadwalader, [26] Wickersham & Taft LLP [27] 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. [28] He is married to Nancy Ganz; [29] they have two children, Max and Rachel. [4]