Michael Colacino

Colacino, who was a systems designer for the first 10 years of his career, plans to create a proptech software company. “I've spent the last 30 years advocating for the application of software and analytics to real estate,” he says. “It is exciting to see those ideas acquiring enormous momentum in the industry. I am eager to combine my background in software with my experience managing broker operations to change and improve our industry.”

Steir commented that he has worked with Colacino by his side for nearly three decades. He thanked him for the success and growth of the company, wishing him the best in his future endeavors.

Mitchell Steir

Expressing confidence in what Rudin will bring to Savills Studley, Steir says “Mitch has expertly guided some of the country's leading real estate service and development firms through periods of rapid growth and dramatic transformation.”

In June 2015, the Wall Street Journal noted Rudin along with Michael DeMarco, president at Mack-Cali, took “the reins of one of the country's worst-performing real-estate investment trusts.” Savills praises Rudin's work as transitioning the Mack-Cali portfolio from troubled suburban offices to a mix of office and multi-family properties situated along the New Jersey waterfront and in transit-rich locations. Rudin was the CEO and president of US commercial operations at Brookfield Office Properties from 2011 through 2014. Previously, he rose to become the NY tri-state region CEO and president at CBRE.

Rudin says he looks forward to joining Savills Studley noting “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.”