Savills Studley Taps Rudin as President

Mitchell Rudin, president, Savills Studley

Savills Studley has chosen a new president for its New York offices. Mitchell Rudin will be succeeding Michael Colacino at the end of the year. Colacino will step down from his role after 27 years with the firm, with plans to create his own proptech company.

Colacino, along with CEO Mitchell Steir, managed the firm’s buyout from its founder, Julien Studley. Rudin will take Colacino’s place in the company, engaging in most of the day-to-day operations. Before joining Savills Studley, Rudin held leadership positions in several New York real estate firms. Rudin worked for Mack-Cali Realty Corp., where he helped diversify and transition the REIT’s portfolio during dire situations.

Rudin also worked for Brookfield Office Properties, eventually serving as president & CEO at the company’s U.S. Commercial Operations. Rudin was responsible for implementing strategies for a portfolio of approximately 50 million square feet. He also worked for CBRE and its predecessor firms, eventually filling in a CEO & president position for the company’s New York tri-state region for almost six years.

“Over the years, the firm has invested heavily in forward-thinking technology and has strengthened its professional teams both in the C-suite and across the country. I would like to thank Michael Colacino for his impressive service and immense contributions to the firm. I look forward to building upon the company’s achievements thus far, in partnership with Mitch Steir and our Board of Directors,” Rudin said in a prepared statement.

Savills Studley recently helped WeWork sign a 15-year, 69,679-square foot lease at 880 Third Ave., in an 18-story Manhattan office tower.

Image via Savills Studley