Bob Knakal’s Post

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I sell properties in NYC.

Let me know if you read this in Commercial Observer and what you think we will see. Here's the link to the article: https://lnkd.in/e8JrjjNt #bkrea #investmentsales #nycrealestate

Sherwin Belkin

Founding Partner at Belkin Burden Goldman, LLP

8mo

Bob, once again you “Knacked” it out of the park! When it comes to multifamily, both sellers and buyers should undertake expert due diligence. There’s a ton of misunderstanding, misinformation and suddenly missing records, all of which need to be thoroughly analyzed and addressed so that BOTH sellers and buyers accurately understand the value and potential liabilities pertaining to the property in question. @belkinburdengoldman LLP

Amy Montgomery, MBA

Hospitality & Multifamily Project Expert | Strategic Business Development Leader | Driving Growth & Partnerships | Client Acquisition & Market Expansion | Board of Director CCC Nation | Super Connector | Trusted-Advisor

8mo

Great read, Bob Knakal! I read the article earlier today. What stood out to me most were your stats on hotels. We are seeing hotel renovations and property conversions hitting wonderful highs around NYC. Hotels are volleying between each other to improve property amenities, rooms, and public spaces. We just secured a preconstruction contract for a luxury hotel with expansive plans to upgrade the entire property. Our construction activity has always been strong there, and it's not slowing down. Sonesta became more active a few years ago in NYC and acquired 4 properties as well: The James Hotel brand, The Benjamin, The Shelburne Hotel & Suites, the Gardens Suites Hotel, and the Fifty Hotel & Suites. I always enjoy your reads!

Dennis Randall

Co-Founder Acquity Realty, Inc. // Insight Realty Company

8mo

Same dynamic in play in silicon valley. But, large floorplate office building will be difficult to reposition. So, sell off may be even more drastic.

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Leslie Wulach

Sales Associate at Coldwell Banker Commercial

8mo

Read this in Commercial Observer

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Andrew Rosenberg

Investment Fund Owner | Investor | Best-Selling Author

8mo

Some will be scared other will salivate, I'd prefer to be in the latter reaction

GauRav Khanna

Founder I Principal - VAL-ADD I Investor I Advisor I RE Coach

8mo

Very well said Bob! Sell-off, followed by an opportunity to create and execute a new vision for majority of these assets!! Value-add reinvention @ Val-Add Real Estate Partners

Ron Moore

Acquisitions & Dispositions

8mo

Knakal......Knows!

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Nick Estephen

Bradfield International Real Estate (BIRE®)

8mo

Very similar market dynamics occurring in Sydney, Australia. Thanks Bob

JD Altobello

CRE | §1031 | F&B | CPG

8mo

A great data-rich perspective, as always!

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