Commercial real estate firm Savills Studley has promoted Jeffrey Peck and Will Silverman, previously senior managing directors, to executive managing directors, Commercial Observer has learned.
Mr. Peck joined Savills Studley in 2000 and has worked with tenants including National Public Radio, Burberry, the City University of New York, Valentino and Tourneau to assist them in securing office space. Throughout his career, he has overseen approximately 5 million square feet in transactions. He graduated from Boston University in 1985.
“The tenant representation platform at Savills Studley has enabled my partner, Daniel Horowitz, and me to build a top-producing team,” said Mr. Peck.
Last September, CO reported that Mr. Peck was involved in a deal helping IFM Investors secure space in the Durst Organization’s 114 West 47th Street in Midtown.
Mr. Silverman was promoted last month and now works in the capital transactions group, focusing on the sale and recapitalization of investment real estate in Savills Studley’s New York office. Mr. Silverman has worked on $5 billion worth of deals totaling 15 million square feet. He graduated from Tufts University in 2000.
Mr. Silverman imparted his philosophy on the current market to CO.
“People often ask me, ‘in this rising market, is it a good time to sell?’’” said Mr. Silverman. “I tell them, ‘the phrase “Sold Too Early” looks great on a yacht.’”
These were not Savills Studley’s only promotions of late. David DiPietro was also named senior managing director of the firm. He was previously a corporate managing director.
“This year’s promotions illustrate Savills Studley’s commitment to excellence,” said Mitchell Steir, the firm’s chairman and chief executive officer, in prepared remarks. “We believe it is important to acknowledge individuals for their successes and dedication to the firm’s values.”