News: Brokerage

Savills LLC appoints Ruggiero and Benn as VPs

David Ruggiero and Guy Benn have joined Savills LLC as VPs. Both executives bring a range of real estate banking experience to Savills. Prior to joining Savills, Ruggiero worked in Goldman Sachs' investment banking division, where he was responsible for the underwriting and financial due diligence for several major transactions. He previously worked at Jones Lang LaSalle and Cushman & Wakefield. Benn will focus on cross-border transactions, specifically advising overseas clients on ways to tap the U.S. commercial real estate investment market, and advising domestic investors on opportunities overseas.  Benn joined the London office of parent company Savills in 2000, qualifying as a chartered surveyor in 2003.  In 2004, Benn joined Savills' City Investment Team.
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Columns and Thought Leadership
Artificial intelligence in lending - by Lindsay Mesh Lotito

Artificial intelligence in lending - by Lindsay Mesh Lotito

Artificial intelligence (AI) is beginning to help transform lending by enhancing decision-making, improving risk management and streamlining operations. With AI-powered tools that analyze vast amounts of data, lenders are able to assess borrower creditworthiness more accurately and efficiently. AI can evaluate a wide range of factors,
The death of the generic offering memorandum: What buyers expect in 2025 - by Kimberly Zar Bloorian

The death of the generic offering memorandum: What buyers expect in 2025 - by Kimberly Zar Bloorian

There was a time when an offering memorandum (OM) was pretty bare bones, some photos, a few bullet points on income, and a rent roll thrown in at the back. That used to get the job done. Not anymore. In 2025, buyers are sharper, faster, and more selective. They’re looking
Hunt commercial real estate question and answer: The total cost of relocation - by David Hunt

Hunt commercial real estate question and answer: The total cost of relocation - by David Hunt

You have a right to be concerned. I am always surprised at the companies that will negotiate the price of their new facility down to the last dollar, without thoroughly analyzing their
New York’s streets are full again, and the retail numbers prove it - by Noam Aziz

New York’s streets are full again, and the retail numbers prove it - by Noam Aziz

Walk down any New York block this year and you can feel it. The sidewalks are crowded, the storefronts are lit, and the energy that defines this city is back at full volume.