New York, NY, October 1, 2015 – They are the future of our industry and, in some ways, the future is now, as young professionals are in the trenches, shaping the thinking and direction of commercial real estate. These young leaders have a drive and determination that is equal to and, in many ways, unmatched to that of their older counterparts. They’ve combined an uncanny knack for using the best of established traditions with finding ways of turning those traditions on their heads when adding their own creative spins to the equation. Their zest for giving back and innovation is an inspiration to those who have been in the business for a good many years. And, their outlook on the business is refreshing and invigorating to watch. With these leaders as the face of the industry for the next generation, it is safe to say the industry is in very good hands.
STEVE KASSIN, 30
Kassin is the founder and managing partner of Infinity Real Estate, which he started when he was 20 years old. Kassin developed his first ground up building in Manhattan at the age of 22, when Infinity broke ground on the 22-story, $90-million development of the Fashion 26 Hotel, now the Hilton Fashion District. Kassin has amassed more than 2.5 million square feet in less than 10 years and led or joint ventured in the acquisition or development of more than $1.25 billion in direct investment transactions. Under Kassin’s leadership, Infinity successfully closed on the $450-million acquisition of the revolutionary Times Square Gateway Center in 2012, to later divest its interest at a confounding valuation of $1.2 billion. Infinity participates in “1% for the Planet,” pledging 1% of Infinity’s global revenues to environmental preservation and nonprofit social causes. “It’s more about people than buildings. Tenants, lenders, investors, attorneys, consumers; buildings wouldn’t exist without each of them.”
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