Mahnaz Khazen Ph.D, MRICS, CCIM, CPM is a leader in urban revitalization and community empowerment with a decades-long career in residential and commercial real estate and neighborhood transformation in the San Francisco Bay Area and nationwide.

Mahnaz Khazen Ph.D, MRICS, CCIM, CPM is the Broker of Record and Co- Founder of KHAZEN CRE  a San Jose-based company that specializes in attracting domestic and foreign investment into impact Investment projects across the United States.

CalDev specializes in education, heritage preservation, community center development, affordable housing, and healthcare delivery sectors in the U.S.

Mahnaz is a member of the International Activity Committee of CCIM, (Certified Commercial Investment Member), the leading commercial real estate certification institute, is a licensed Property Manager-CPM, and a Member of the Royal Institute of Chartered Surveyors -MRICS.

She has also served as Vice President of the Saratoga Chamber of Commerce.

Mahnaz has extensive international business experience, is fluent in four languages, and is an expert on ways of enabling foreign investment to address social needs and empower communities in the U.S.

Community and Non-Profit Involvement

Alongside her sizable impact on job creation in the Bay Area, Mahnaz has been a long-standing and active promoter of community organizations and non-profits.

She co-founded the International Businesswomen of Impact, and is a founding member of the Pars Equality Center. She is an advocate for housing and job opportunities for veterans, women and economically under-served families.

She is Chair of Trustees at the West Asia Council, a non-profit organization that promotes intercultural understanding and reconciliation.

Media Coverage

Mahnaz’s significant contributions to the San Francisco Bay Area have frequently drawn both local and national media attention. Some of the more prominent examples (with links) include:

  • Transforming a large derelict building in Oakland, CA into a bustling student residence (San Jose Mercury News)
  • The makeover of a disused church in Saratoga, CA into one of the town’s favorite hangouts, the Bell Tower Bistro, while preserving the historical character of the building. (San Jose Mercury News)
  • Securing critical funding for community banks in Maryland (The Washington Post)

Awards and Honors

The Silicon Valley Business Journal consistently rates Mahnaz as one of Silicon Valley’s 100 Most Influential Women in Business.

Both Real Estate Forum and Globe St. rank her in their list of the top 35 Woman of Influence, and consider her the definitive source concerning complex commercial developments and neighborhood revitalization projects.

The Washington Post and The Washington Business Journal have praised Mahnaz for her innovation in EB-5 investment models, giving her a ‘thumbs up’ for her dedication and advocacy for community bank and social impact investment strategies.

Mayors, Council Members, The Police Chief, Sheriff and the Historical Society have praised Mahnaz for her investment and job creating strategies that have revitalized neighborhoods with innovative financing and real estate products.


Mahnaz is a Graduate of JWL leadership Academy, and holds a Ph.D. in Economic and Industrial System Modeling from Dubna International University.

She is fluent in English, German, Farsi, and Turkish.

Mahnaz Khazen currently resides in Saratoga, California with her family.