CRE Legend Bob Knakal: Lapping the Competition, Cold Calling, and Networking
Feb 13, 2024
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Join the conversation with CRE legend Bob Knakal as he shares insights on building relationships, the power of market presence, cold calling success, and advice for young CRE professionals. Learn about his journey from small transactions to handling colossal portfolios, emphasizing trust and quality service in commercial real estate.
Building relationships and networking are crucial in the commercial real estate industry.
Market presence and information are key to success in the industry.
Deep dives
Building Client Relationships in Commercial Real Estate
Starting with a small transaction of just two million dollars can lead to significant deals, as seen in the example of a $680 million deal with a client. The key is to establish trust and take care of clients, which can lead to long-term partnerships and larger transactions. This highlights the importance of starting small, delivering results, and nurturing client relationships in commercial real estate.
Success and Legacy at Massey Knakle in the Real Estate Industry
Bob Knakle's journey from founding Massey Knakle in 1988 to its dominance in the New York City commercial real estate scene showcases the power of servant leadership and empowering employees. With a focus on training, empowering, and building self-esteem, Massey Knakle created a legacy seen in the 29 businesses traced back to its leadership. The emphasis on nurturing talent and fostering a supportive environment contributed significantly to the company's success and enduring impact in the industry.
Market Presence and Information in Commercial Real Estate Strategies
Understanding the importance of market presence and information management is crucial in commercial real estate success. Building a strong presence through networking, cold calling, and targeted marketing helps in visibility and relationship-building. Additionally, developing a deep understanding of the market and self-generated data sets can provide a competitive edge, enabling brokers to differentiate themselves and excel in their expertise.
Networking and Building Professional Connections in the Real Estate Field
Expanding a professional network in the real estate industry involves consistent networking efforts, attending events, and maintaining relationships. Utilizing various communication channels such as email, hard mail, social media, and face-to-face interactions can help in staying top of mind with potential clients and industry peers. Emphasizing regular engagement and adding value to connections fosters strong relationships and enhances networking opportunities for real estate professionals.
Enjoy this conversation with CRE legend, Bob Knakal, who has sold more properties in New York than any other broker in history. We discuss his keys to building Massey Knakal, his competitive advantage today, networking, cold calling, and staying top of mind.