News: Brokerage

Korren joins Massey Knakal as executive managing director

According to Massey Knakal Realty Services, Todd Korren has joined the firm as executive managing director of the city. Korren will be responsible for the day-to-day operations of the Manhattan sales force as well as Massey Knakal's retail leasing division. "Todd Korren is a great addition to the Massey Knakal team. His primary role of recruiting and coaching our sales force in our investment sales, retail leasing and mortgage brokerage divisions will be a natural fit for such a respected and well liked industry professional. Todd will also continue to be a strong contributor to REBNY, YMWREA, and other prominent trade organizations within the community," said Paul Massey Jr., CEO. Korren has been involved in the real estate and construction industries for over 28 years and his experience includes office and retail agency and tenant representation leasing, construction, asset and property management, acquisitions, property redevelopment and repositioning, site assemblage, and ground up development. He has negotiated over 1,000 leases representing 6.7 million square feet, participated in over 25 acquisitions and dispositions valued at over $1.5 billion, and supervised over 400 construction projects. He comes to Massey Knakal from Savanna Real Estate Fund, an institutional real estate private equity firm and asset management company, where he served as Principal, Director of Leasing. In this role, Todd was responsible for leasing activity, tenant relations and for promoting the Savanna portfolio within the brokerage marketplace. He also participated in budgeting, tenant space design and lease administration. Additionally, Todd held positions with Swig Equities, The Witkoff Group, Insignia / ESG (now known as CB Richard Ellis) and StructureTone. Todd received a B.S. in Management and an M.B.A in management and organizational behavior from New York University. He is an active member of numerous organizations including the Young Men's/Women's Real Estate Association of New York, Real Estate Board of New York, Long Island City Business Development Corporation, and the Architectural Review Board of Roslyn Estates. He is a frequent guest speaker at real estate events and has written articles pertaining to office leasing and asset management. Todd's achievements have been recognized throughout the real estate community. In 2009, he was named REBNY's Young Real Estate Man of the Year. He has also been included in numerous industry rankings such as Real Estate Forum's list of top brokers and Real Estate Weekly's "All Star" list.
MORE FROM Brokerage

NYSCAR June 2026 president’s message - by Mercedes Brien

As I write this letter, we are preparing to be at the Annual Conference being held at the Rivers Casino, Schenectady, New York. I look forward to reporting on the conference in my next letter. We have some great courses coming up via Zoom. Please be sure to keep watch on upcoming courses by visiting nyscar.org/resources and tools/professional development.
READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
A fresh start - by Shallini Mehra and Amit Doshi

A fresh start - by Shallini Mehra and Amit Doshi

For the past several years, the New York City multifamily housing market has been defined by disruption. The combined impact of the HSTPA rent laws and a sharply higher interest rate environment has fundamentally reduced
The anticipated effect of Basel III and ISO 20022 implementation on commercial real estate - by Michael Zysman

The anticipated effect of Basel III and ISO 20022 implementation on commercial real estate - by Michael Zysman

July 1, 2025 is the deadline for US banks to begin to adopt Basel III banking standards and July 14, 2025 is the deadline for U.S. banks to adopt ISO 20022 messaging standards. Both will have a significant effect on the banking and commercial real estate (CRE) finance sectors.
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
Tri-state capital  migrates nationally amid  regulation pressure - by Reese Weaver

Tri-state capital migrates nationally amid regulation pressure - by Reese Weaver

New York tri-state multifamily investors are increasingly reallocating capital to less-regulated markets across the U.S. as rent control and legislative risk erode returns at home. With over 60% of New York City’s rental housing stock classified as rent-stabilized, the traditional value-add model — buying under-performing buildings,