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A year after being fired Bob Knakal plans career comeback

Jan 02, 2025 - businessinsider.com
Bob Knakal, a prominent figure in commercial real estate with $22 billion in property sales, is leveraging his extensive data collection from a 40-year career to integrate AI into his new firm, BKREA. After being fired from JLL in February 2024, Knakal aims to compete with larger firms by using AI to enhance the quality of his proprietary data and market insights. BKREA, with a small team of 15, focuses on New York City's apartment buildings and land sites, utilizing both digital tools and a massive printed map of Manhattan as a unique marketing strategy.

Knakal's career began with the founding of Massey Knakal in 1988, which he sold to Cushman & Wakefield in 2014. After a stint at JLL, his departure marked a turning point, leading to the creation of BKREA. Despite challenges, Knakal remains optimistic and committed to innovation in real estate, with a focus on adapting and competing in a rapidly changing market. His approach combines traditional methods with cutting-edge technology, aiming to maintain his position as a leading broker in the industry.

Key takeaways:

  • Bob Knakal, a prominent commercial real estate broker, plans to leverage AI and his extensive data collection to compete with larger firms through his new company, BKREA.
  • Knakal was fired from JLL in February 2024 after a disagreement over media appearances, marking a challenging period in his career.
  • BKREA employs a small team and uses a mix of digital and analogue tools, including a large printed map of Manhattan, to market its services and secure exclusive deals.
  • Knakal's career achievements include selling over 2,342 properties worth $22 billion, and he remains committed to adapting and thriving in the real estate industry.
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