News: Brokerage

Professional Profile: Steven Kachanian 2013

Name: Steven Kachanian Title: Managing Principal Company: Klosed Properties Location: 11 Middle Neck Rd., Great Neck, N.Y. and 45 West 47th St., New York, N.Y. Birthplace: Milan, Italy Education: Baruch College for undergrad and NYU master's in Real Estate Finance First job in real estate or allied field: Joined the family business straight out of college What do you do now and what are you planning for the future? Managing principal at Klosed Properties. I'm planning on doing so for many years. How do you unwind from a busy day in real estate? Spend time with my wife and family and collect antique carpets and tapestries. Favorite book or author: "The Alchemist" by Paulo Coelho Favorite movie: "The Gladiator" and "Scent of a Woman" One word to describe your work environment: Dynamic Rules to live by in business: My reputation and keeping my word are my most valuable assets. If you could invite one person to dinner (living or dead) who would it be and where would you go? I would invite over for dinner Larry Silverstein and cook for him. What is your dream job? I am living it every day!Greystone acquires two Brooklyn development property sites; Acquisition overseen by Benach
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 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,

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.