Misc. Video

Knakal Knugget – Lessons Learned #60: Servant Leadership is Real, and it Works!
 
I speak about Servant Leadership frequently and the most frequently asked question I get is related to what I think is the most important aspect of that approach to leadership. For me, the aspect of Servant Leadership that is the most important is to create a culture of acknowledgement. Why? Because the largest craving that human beings have is to be appreciated.
 
Leaders need to provide feedback to teammates frequently. “The failure to give appropriate and timely feedback is the most extreme cruelty that we can inflict on any human being," said management consultant Chuck Coonradt. 
 
Letting your teammates know that they are appreciated, and particularly that their efforts are accretive to the company achieving its goals, is the most important thing someone can be told. There are numerous studies that have been done on job satisfaction and in almost every single one of them, this aspect, feeling like what someone is doing is helping the company and everyone around them, tops the list – even more so than making money. 
 
We used to let everyone in the company know what a great job they were doing. Studies have also shown that positive feedback is seven times more effective in impacting employee behavior than negative feedback or constructive criticism.

We provided feedback to everyone, from the top producers down to the receptionists. We would tell the receptionists that they were the first impression that new clients coming into the office would have of our firm and we appreciated that they always greeted them with a smile, a warm "hello,” and offered a bottle of water or a cup of coffee. After telling them that, it was impressive to see how they would literally roll out the red carpet for our next guests! The positive feedback worked like a charm. 
 
Outstanding leaders go out of their way to boost the self-esteem of their personnel and provide encouragement and reassurance. If people believe in themselves, it's amazing what they can accomplish. Have you ever seen how someone reacts when the leader says, “I am proud of you”? Those are the five most important words a leader can say to a teammate. 
 
Part of this culture of acknowledgement includes making people feel like they are at the heart of things - not at the periphery. Have you ever seen someone’s pride blossom when the leader asks them for their opinion or their feedback on an important issue?
 
This type of recognition is so important that it led Napoleon to say, “The most amazing thing I have learned about war is that men will die for ribbons”. 
 
These are the reasons why I believe the culture of acknowledgement is the key aspect of Servant Leadership. Acknowledge someone in your world today and watch what happens!

#knakalknugget #nycrealestate #investmentsales

Knakal Knugget – Lessons Learned #60: Servant Leadership is Real, and it Works!

I speak about Servant Leadership frequently and the most frequently asked question I get is related to what I think is the most important aspect of that approach to leadership. For me, the aspect of Servant Leadership that is the most important is to create a culture of acknowledgement. Why? Because the largest craving that human beings have is to be appreciated.

Leaders need to provide feedback to teammates frequently. “The failure to give appropriate and timely feedback is the most extreme cruelty that we can inflict on any human being," said management consultant Chuck Coonradt.

Letting your teammates know that they are appreciated, and particularly that their efforts are accretive to the company achieving its goals, is the most important thing someone can be told. There are numerous studies that have been done on job satisfaction and in almost every single one of them, this aspect, feeling like what someone is doing is helping the company and everyone around them, tops the list – even more so than making money.

We used to let everyone in the company know what a great job they were doing. Studies have also shown that positive feedback is seven times more effective in impacting employee behavior than negative feedback or constructive criticism.

We provided feedback to everyone, from the top producers down to the receptionists. We would tell the receptionists that they were the first impression that new clients coming into the office would have of our firm and we appreciated that they always greeted them with a smile, a warm "hello,” and offered a bottle of water or a cup of coffee. After telling them that, it was impressive to see how they would literally roll out the red carpet for our next guests! The positive feedback worked like a charm.

Outstanding leaders go out of their way to boost the self-esteem of their personnel and provide encouragement and reassurance. If people believe in themselves, it's amazing what they can accomplish. Have you ever seen how someone reacts when the leader says, “I am proud of you”? Those are the five most important words a leader can say to a teammate.

Part of this culture of acknowledgement includes making people feel like they are at the heart of things – not at the periphery. Have you ever seen someone’s pride blossom when the leader asks them for their opinion or their feedback on an important issue?

This type of recognition is so important that it led Napoleon to say, “The most amazing thing I have learned about war is that men will die for ribbons”.

These are the reasons why I believe the culture of acknowledgement is the key aspect of Servant Leadership. Acknowledge someone in your world today and watch what happens!

#knakalknugget #nycrealestate #investmentsales

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YouTube Video VVVQT1ZJd1dxN2tjWVpzbV9VNkNENHRRLnlLaF9fWlA1djN3

Knakal Knugget #60

Bob Knakal May 17, 2024 7:49 am

Knakal Knuggets - Lesson #16: Hire the Best People and Invest in Them Through Continued Training

At Massey Knakal, we believed in hiring the best people we could possibly hire and investing in them through continued training. Even Warren Buffet has said, "When you find a good quality person, even if you don’t have a position for them, bring them on and figure out a spot for them."

Back in the 1980s, when I started, it was commonplace that a broker’s training consisted of “There’s your desk, there’s your phone; go make some deals”. Things have changed quite a bit over the years.

Back in the old days, we believed in training so much that we wouldn’t even let new hires pick up the phone until they:

📸 Took photos of every building in their geographic territory.
🖥 Created a database of every owner of every building in the territory.
📝 Made a list of the top owners by square footage and by number of buildings owned.
📑 Studied every comparable sale in the territory for the past 3 years.
🤓 Read through and studied our training manuals.
💻 Could prepare a BOV on a hypothetical building.
🗣 Gave a pitch, articulating our marketing program to a panel of company partners – and getting a passing grade.

After all of this was done, the producer earned the ability to pick up the phone and try to do business.

We had three extensive training manuals, totaling about 400 pages, that taught people the business and encouraged people to learn different things. We hired a Director of Training to run weekly sessions for groups and conduct one-on-one training on our program and approach.

The lesson: Invest in your people through training, and invest in yourself to constantly get better. Take that extra class, become an expert on tax, or do something that is going to improve and expand your skill sets to become a better practitioner.

Investing in people also makes them feel like you care about them. People love to work where they are cared about and know they are valued. That’s the difference between a true team and a group of mercenaries.

#knakalknuggets #nycrealestate #investmentsales

Knakal Knuggets – Lesson #16: Hire the Best People and Invest in Them Through Continued Training

At Massey Knakal, we believed in hiring the best people we could possibly hire and investing in them through continued training. Even Warren Buffet has said, "When you find a good quality person, even if you don’t have a position for them, bring them on and figure out a spot for them."

Back in the 1980s, when I started, it was commonplace that a broker’s training consisted of “There’s your desk, there’s your phone; go make some deals”. Things have changed quite a bit over the years.

Back in the old days, we believed in training so much that we wouldn’t even let new hires pick up the phone until they:

📸 Took photos of every building in their geographic territory.
🖥 Created a database of every owner of every building in the territory.
📝 Made a list of the top owners by square footage and by number of buildings owned.
📑 Studied every comparable sale in the territory for the past 3 years.
🤓 Read through and studied our training manuals.
💻 Could prepare a BOV on a hypothetical building.
🗣 Gave a pitch, articulating our marketing program to a panel of company partners – and getting a passing grade.

After all of this was done, the producer earned the ability to pick up the phone and try to do business.

We had three extensive training manuals, totaling about 400 pages, that taught people the business and encouraged people to learn different things. We hired a Director of Training to run weekly sessions for groups and conduct one-on-one training on our program and approach.

The lesson: Invest in your people through training, and invest in yourself to constantly get better. Take that extra class, become an expert on tax, or do something that is going to improve and expand your skill sets to become a better practitioner.

Investing in people also makes them feel like you care about them. People love to work where they are cared about and know they are valued. That’s the difference between a true team and a group of mercenaries.

#knakalknuggets #nycrealestate #investmentsales

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YouTube Video VVVQT1ZJd1dxN2tjWVpzbV9VNkNENHRRLkk3Z3N6bk1TU2J3

Knakal Knugget #16

Bob Knakal May 10, 2024 7:40 am

Lessons Learned: Knakal Knugget #59 - Everything that really matters about a person, you can't see by looking at them.

We all have a great opportunity every day. That opportunity is the ability to make someone with a physical or mental handicap feel just like any other person. This may not sound like a big deal, but to them, being “just like anyone else” is always at the top of their list. How easy is it to do this?

To put things in perspective, remember this important message, and never, ever, forget it: everything that really matters about a person, you can't see by looking at them.

We are all different on the outside and there are many prejudices that exist based upon the way people look. A friend and I were in an elevator recently when a family of four got on. The family consisted of a mom, a dad, and two daughters. The smallest child, perhaps 6 or 7 years old, had difficulty walking due to what was probably some form of palsy. The family exited the elevator on the floor before ours and our conversation immediately turned to this beautiful little girl with a happy smile on her face. Our conversation went to wondering where the justice was in this little, innocent girl’s suffering in this way.

What we realized was that her physical handicap was perhaps not the most difficult thing for her to deal with. And not to minimize her condition, but this condition has likely been with her since birth. She may be accustomed to living with her circumstances. What probably hurts this little girl the most is when she feels different from other children her age, or when people look away from her or pretend she's not there.

Every time we encounter someone who looks "different," in this moment we are presented with the opportunity to do something great. “Different” can mean a number of things: someone with a missing limb, someone bound to a wheelchair, someone who suffered severe burns, or someone who is emotionally challenged. The way we are on the outside says absolutely nothing about who we are on the inside. People with these afflictions want to be treated just like everyone else.

So, your tremendous opportunity is to take advantage of the encounter you have, to smile, say hello, and interact with that person just as you would with anyone else. After all, how would you feel if the little girl I described was your little sister, or your daughter? Wouldn’t your heart pound with joy for her to be treated with kindness by strangers? Isn't that an opportunity to do something truly great? And it is so easy to do.

As adults, we should be able to cognitively process the ease with which we can do this simple, yet priceless, act of kindness.

#knakalknuggets #nycrealestate

Lessons Learned: Knakal Knugget #59 – Everything that really matters about a person, you can't see by looking at them.

We all have a great opportunity every day. That opportunity is the ability to make someone with a physical or mental handicap feel just like any other person. This may not sound like a big deal, but to them, being “just like anyone else” is always at the top of their list. How easy is it to do this?

To put things in perspective, remember this important message, and never, ever, forget it: everything that really matters about a person, you can't see by looking at them.

We are all different on the outside and there are many prejudices that exist based upon the way people look. A friend and I were in an elevator recently when a family of four got on. The family consisted of a mom, a dad, and two daughters. The smallest child, perhaps 6 or 7 years old, had difficulty walking due to what was probably some form of palsy. The family exited the elevator on the floor before ours and our conversation immediately turned to this beautiful little girl with a happy smile on her face. Our conversation went to wondering where the justice was in this little, innocent girl’s suffering in this way.

What we realized was that her physical handicap was perhaps not the most difficult thing for her to deal with. And not to minimize her condition, but this condition has likely been with her since birth. She may be accustomed to living with her circumstances. What probably hurts this little girl the most is when she feels different from other children her age, or when people look away from her or pretend she's not there.

Every time we encounter someone who looks "different," in this moment we are presented with the opportunity to do something great. “Different” can mean a number of things: someone with a missing limb, someone bound to a wheelchair, someone who suffered severe burns, or someone who is emotionally challenged. The way we are on the outside says absolutely nothing about who we are on the inside. People with these afflictions want to be treated just like everyone else.

So, your tremendous opportunity is to take advantage of the encounter you have, to smile, say hello, and interact with that person just as you would with anyone else. After all, how would you feel if the little girl I described was your little sister, or your daughter? Wouldn’t your heart pound with joy for her to be treated with kindness by strangers? Isn't that an opportunity to do something truly great? And it is so easy to do.

As adults, we should be able to cognitively process the ease with which we can do this simple, yet priceless, act of kindness.

#knakalknuggets #nycrealestate

1 0

YouTube Video VVVQT1ZJd1dxN2tjWVpzbV9VNkNENHRRLm9VUjFja3E4WDdZ

Knakal Knugger #59 – Everything that really matteres

Bob Knakal May 3, 2024 8:10 am

Lessons Learned - Knakal Knugget #9: Realize That Your Main Assets are Your Staff & Reputation

When it comes to a service business, your reputation and your staff are the two most valuable assets that you have.

From our first days working together, Paul Massey and I always were super-conscious of our reputations. We never wanted to lie to anyone, over-promise something to a client or let anyone down. One of the nicest compliments we ever got was from our partner, Tim King, who ran our Brooklyn office and once, when introducing us at a charity event at which we were being honored, said, “Please meet my two partners, Bob Knakal and Paul Massey, two men who say what they mean, and mean what they say”.

Being honest and straightforward with your clients and your colleagues is critically important.

Whenever you are faced with a dilemma and wonder what decision to make, always remember to do the right thing, even if no one is looking. Doing the right thing when everyone will know, and, more importantly, when no one will know, is the hallmark of good business practice. It might be the toughest path to take, it might not make you money right away, but if you keep your reputation in mind, it will always come back to you.

Once you lose your reputation, it’s nearly impossible to get it back.

Also, you must always make sure you treat your people like the very valuable assets they are. People want to feel important and that they are accretive towards the company achieving its goals.

Paul and I were usually the first ones in the office and we would often sit at our desks and wonder what would happen if no one showed up to work. We used to say that our assets got on the elevators every day and, without them, we had nothing. We did everything we could to create a culture where everyone felt important and appreciated. And we did truly care about our colleagues.

One of the things I am most proud about regarding the Massey Knakal experience was the tightness of the group. Whenever an employee would get married, there would be dozens of employees there. 15 employees would get a beach house together for the summer. And the examples go on and on.

Realizing that the people you work with and your reputation are two of the most important things in the world, is a tremendous lesson that we learned.

#knakalknugget #nycrealestate #bkrea

Lessons Learned – Knakal Knugget #9: Realize That Your Main Assets are Your Staff & Reputation

When it comes to a service business, your reputation and your staff are the two most valuable assets that you have.

From our first days working together, Paul Massey and I always were super-conscious of our reputations. We never wanted to lie to anyone, over-promise something to a client or let anyone down. One of the nicest compliments we ever got was from our partner, Tim King, who ran our Brooklyn office and once, when introducing us at a charity event at which we were being honored, said, “Please meet my two partners, Bob Knakal and Paul Massey, two men who say what they mean, and mean what they say”.

Being honest and straightforward with your clients and your colleagues is critically important.

Whenever you are faced with a dilemma and wonder what decision to make, always remember to do the right thing, even if no one is looking. Doing the right thing when everyone will know, and, more importantly, when no one will know, is the hallmark of good business practice. It might be the toughest path to take, it might not make you money right away, but if you keep your reputation in mind, it will always come back to you.

Once you lose your reputation, it’s nearly impossible to get it back.

Also, you must always make sure you treat your people like the very valuable assets they are. People want to feel important and that they are accretive towards the company achieving its goals.

Paul and I were usually the first ones in the office and we would often sit at our desks and wonder what would happen if no one showed up to work. We used to say that our assets got on the elevators every day and, without them, we had nothing. We did everything we could to create a culture where everyone felt important and appreciated. And we did truly care about our colleagues.

One of the things I am most proud about regarding the Massey Knakal experience was the tightness of the group. Whenever an employee would get married, there would be dozens of employees there. 15 employees would get a beach house together for the summer. And the examples go on and on.

Realizing that the people you work with and your reputation are two of the most important things in the world, is a tremendous lesson that we learned.

#knakalknugget #nycrealestate #bkrea

0 0

YouTube Video VVVQT1ZJd1dxN2tjWVpzbV9VNkNENHRRLjJ5WG1mbjRRX2ZN

Knakal Knugget #9

Bob Knakal April 26, 2024 8:05 am

Market presence, not just in the present!
 
Market participants in the commercial real estate market need to establish market presence. This presence keeps you top of mind when a decision maker decides it is time to make a move. It doesn’t matter if you are an investor, developer, banker, lawyer, environmental consultant, or especially, a broker.

If you subscribe to the adage that its not who you know, its who knows you, market presence becomes a key element of any business plan.
 
Today’s Throwback piece presents the very first profile piece ever done on @PaulJMassey and me. This was back in 1988 when social media didn’t exist and all there was was print media and hard mail.
 
You've seen our first newsletter previously, a publication that we printed every quarter for over 26 years without missing a quarter (105 consecutive quarters). Additionally, we sent monthly mailers to our client base which would typically consist of listings we were marketing, sales we just closed, or other market information that we thought owners would have interest in.
 
When it came to print media, how were two young kids, with limited track records, going to get coverage?

We attacked it strategically.

First, we made up a list of all the publications in NYC that covered commercial real estate. Second, we made up a list of all reporters at those publications. Third, we systematically called them, pitching story ideas and sending them mail about our activities.

Back in those days, The Real Estate Weekly was the top real estate publication in the market. CB had about 60 brokers and we asked if anyone knew the editor of @RE_Weekly, Roxanne Donovan. Remarkably, no one knew her. So we called her and asked her to have lunch with us (at Prime Burger on 51st Street – where else?). We had lunch, talked about what we were doing, nurtured the relationship, and many months later, Roxanne wrote this profile in the REW.

After decades of this process of engaging with the media, getting quoted in the media over 2,000 times per year became commonplace. This old-school method of establishing market presence worked back then and still works today and we have so many more ways to establish market presence than we did back then.

Market presence, not just in the present!

Market participants in the commercial real estate market need to establish market presence. This presence keeps you top of mind when a decision maker decides it is time to make a move. It doesn’t matter if you are an investor, developer, banker, lawyer, environmental consultant, or especially, a broker.

If you subscribe to the adage that its not who you know, its who knows you, market presence becomes a key element of any business plan.

Today’s Throwback piece presents the very first profile piece ever done on @PaulJMassey and me. This was back in 1988 when social media didn’t exist and all there was was print media and hard mail.

You've seen our first newsletter previously, a publication that we printed every quarter for over 26 years without missing a quarter (105 consecutive quarters). Additionally, we sent monthly mailers to our client base which would typically consist of listings we were marketing, sales we just closed, or other market information that we thought owners would have interest in.

When it came to print media, how were two young kids, with limited track records, going to get coverage?

We attacked it strategically.

First, we made up a list of all the publications in NYC that covered commercial real estate. Second, we made up a list of all reporters at those publications. Third, we systematically called them, pitching story ideas and sending them mail about our activities.

Back in those days, The Real Estate Weekly was the top real estate publication in the market. CB had about 60 brokers and we asked if anyone knew the editor of @RE_Weekly, Roxanne Donovan. Remarkably, no one knew her. So we called her and asked her to have lunch with us (at Prime Burger on 51st Street – where else?). We had lunch, talked about what we were doing, nurtured the relationship, and many months later, Roxanne wrote this profile in the REW.

After decades of this process of engaging with the media, getting quoted in the media over 2,000 times per year became commonplace. This old-school method of establishing market presence worked back then and still works today and we have so many more ways to establish market presence than we did back then.

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YouTube Video VVVQT1ZJd1dxN2tjWVpzbV9VNkNENHRRLkRhR1lZem5HU3Nz

TBT – Market Presence

Bob Knakal April 11, 2024 8:26 am

Lessons learned: Knakal Knugget #56. It's not who you know, it's who knows you!

I know you guys have been waiting for this one and I think it's one of the most important Knuggets that I can share with you.

Whether you are a broker, an investor, a developer, a banker, or a lawyer, if you are a participant in the commercial real estate business, it's important that people know who you are. The reason for this is that there are so many people who are in local markets that it is impossible for one individual to know everyone. Business comes to us all from a number of different angles, but when potential clients reach out to us, as opposed to us reaching out to them, that business is a lot easier to obtain.

Within the investment sales market in New York City, there are about 250,000 people who own an interest in investment properties. While there are only 176,000 investment properties in the four boroughs (not including Staten Island), there are about 250,000 people that are owners of those buildings. Some buildings have 30 partners and some individuals may own over 100 buildings, but we have calculated that there are about 250,000 owners of those properties. While I think I am a very good cold caller, I cannot call 250,000 property owners in 10 years. Therefore, it is important to be widely known in the marketplace.

The way we become known is through "market presence" campaigns. Market presence campaigns include initiatives like: prospecting calls, mass emailing, mass texting, and the often overlooked and underrated, hard mailings. They also include networking and social media outreach.

When you are doing all of these market presence campaigns, you become widely known in the marketplace, providing two main advantages for you. First, new potential clients will reach out to you rather than you having to reach out to them, which makes the process of obtaining new clients much easier. Second, you are much more likely to get in the way of information that is going to greatly help your existing clients.

These initiatives are not for self-aggrandizement, or stroking your ego; it's all about doing more business and doing a much better job for your clients, which is the number one objective of everything that we do every day.

So remember, the more proactive you are about your market presence campaigns, the better job you will do for your clients, and, at the end of the day, there is nothing more important than doing the best possible job we can do for each and every client.

#nycrealestate #knakalknuggets #investmentsales

Lessons learned: Knakal Knugget #56. It's not who you know, it's who knows you!

I know you guys have been waiting for this one and I think it's one of the most important Knuggets that I can share with you.

Whether you are a broker, an investor, a developer, a banker, or a lawyer, if you are a participant in the commercial real estate business, it's important that people know who you are. The reason for this is that there are so many people who are in local markets that it is impossible for one individual to know everyone. Business comes to us all from a number of different angles, but when potential clients reach out to us, as opposed to us reaching out to them, that business is a lot easier to obtain.

Within the investment sales market in New York City, there are about 250,000 people who own an interest in investment properties. While there are only 176,000 investment properties in the four boroughs (not including Staten Island), there are about 250,000 people that are owners of those buildings. Some buildings have 30 partners and some individuals may own over 100 buildings, but we have calculated that there are about 250,000 owners of those properties. While I think I am a very good cold caller, I cannot call 250,000 property owners in 10 years. Therefore, it is important to be widely known in the marketplace.

The way we become known is through "market presence" campaigns. Market presence campaigns include initiatives like: prospecting calls, mass emailing, mass texting, and the often overlooked and underrated, hard mailings. They also include networking and social media outreach.

When you are doing all of these market presence campaigns, you become widely known in the marketplace, providing two main advantages for you. First, new potential clients will reach out to you rather than you having to reach out to them, which makes the process of obtaining new clients much easier. Second, you are much more likely to get in the way of information that is going to greatly help your existing clients.

These initiatives are not for self-aggrandizement, or stroking your ego; it's all about doing more business and doing a much better job for your clients, which is the number one objective of everything that we do every day.

So remember, the more proactive you are about your market presence campaigns, the better job you will do for your clients, and, at the end of the day, there is nothing more important than doing the best possible job we can do for each and every client.

#nycrealestate #knakalknuggets #investmentsales

1 0

YouTube Video VVVQT1ZJd1dxN2tjWVpzbV9VNkNENHRRLkFrRDdXWld5bTFn

Knakal Knuggets #56

Bob Knakal April 5, 2024 7:45 am

Exciting News from the Knakal Map Room

Bob Knakal here, and I’m thrilled to share some exciting news about my latest venture. After a period of reflection and immense support from this incredible community, I’m proud to announce the launch of @BK Real Estate Advisors (BKREA).

BKREA is born from an entrepreneurial spirit reawakened, with a vision to redefine the capital markets landscape through investment sales, debt, and equity. This wouldn't have been possible without the heartwarming texts, DMs, and voice messages from many of you. Your support during the challenging times was incredible, and I am deeply grateful for every word of encouragement.

In the past few weeks, I've met with numerous individuals and companies, each with fantastic platforms and innovative ideas. Yet, it became clear that forging our path, creating a company for a new age, was the direction to follow. Reflecting on how the world has transformed since I began my journey in 1984, without a computer, fax machine, or cell phone, I’m convinced that the next five years will bring about even more dramatic changes, especially with advancements in AI.

At BKREA, we’re embracing this future by integrating AI technologies to interpret data in new ways and streamline our transaction processes, all while holding onto our valued analog methods, like those cherished here in the map room. Our commitment is to our clients, ensuring the best outcomes through innovation and efficiency.

I’m also excited to introduce Seth Samowitz as our new COO. With a tremendous background in AI, Seth is the perfect leader to guide us in this new direction.

Our goal is to assemble the best team for our clients, selecting top talent across the entire market to ensure the finest execution in every venture.

Moreover, we’re launching the Knakal Affiliate Program (KAP) to strengthen connections and collaboration within our industry. I encourage you to visit our website, https://www.BKREA.com, to learn more about how we’re transforming real estate advisory services.

My cell number remains the same, and I’m eager to connect or reconnect with many of you. Feel free to reach out at BK@BKREA.com.

A huge thank you again for your support and kindness. I look forward to connecting with you online or at events.

Here’s to a future where tradition and technology converge to create value for our clients!

#NYCRealEstate #Entrepreneurship

Exciting News from the Knakal Map Room

Bob Knakal here, and I’m thrilled to share some exciting news about my latest venture. After a period of reflection and immense support from this incredible community, I’m proud to announce the launch of @BK Real Estate Advisors (BKREA).

BKREA is born from an entrepreneurial spirit reawakened, with a vision to redefine the capital markets landscape through investment sales, debt, and equity. This wouldn't have been possible without the heartwarming texts, DMs, and voice messages from many of you. Your support during the challenging times was incredible, and I am deeply grateful for every word of encouragement.

In the past few weeks, I've met with numerous individuals and companies, each with fantastic platforms and innovative ideas. Yet, it became clear that forging our path, creating a company for a new age, was the direction to follow. Reflecting on how the world has transformed since I began my journey in 1984, without a computer, fax machine, or cell phone, I’m convinced that the next five years will bring about even more dramatic changes, especially with advancements in AI.

At BKREA, we’re embracing this future by integrating AI technologies to interpret data in new ways and streamline our transaction processes, all while holding onto our valued analog methods, like those cherished here in the map room. Our commitment is to our clients, ensuring the best outcomes through innovation and efficiency.

I’m also excited to introduce Seth Samowitz as our new COO. With a tremendous background in AI, Seth is the perfect leader to guide us in this new direction.

Our goal is to assemble the best team for our clients, selecting top talent across the entire market to ensure the finest execution in every venture.

Moreover, we’re launching the Knakal Affiliate Program (KAP) to strengthen connections and collaboration within our industry. I encourage you to visit our website, https://www.BKREA.com, to learn more about how we’re transforming real estate advisory services.

My cell number remains the same, and I’m eager to connect or reconnect with many of you. Feel free to reach out at BK@BKREA.com.

A huge thank you again for your support and kindness. I look forward to connecting with you online or at events.

Here’s to a future where tradition and technology converge to create value for our clients!

#NYCRealEstate #Entrepreneurship

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YouTube Video VVVQT1ZJd1dxN2tjWVpzbV9VNkNENHRRLnU0bEJrTTZZSDlv

Bob Knakal Announces BK Real Estate Advisors | BKREA

Bob Knakal April 2, 2024 7:31 am