Legendary Power Broker Bob Knakal Announces New Investment Sales Company

Bob Knakal, a highly respected sales broker known for his involvement in over $20 billion worth of commercial real estate deals in New York City, has recently launched a new brokerage firm named Bob Knakal Real Estate Advisors (BKREA). This venture is distinguished by its integration of artificial intelligence (AI) into its operations, promising innovative approaches to real estate transactions.

Announcement and Vision

Knakal officially unveiled BKREA through social media channels, where he shared insights into his extensive four-decade career. He emphasized the significant role of technology, particularly AI, in shaping the future of the real estate industry. He foresees AI driving substantial transformations over the next five years, underlining its potential for revolutionizing decision-making processes.

Focus and Team

BKREA is strategically focused on investment sales, debt, and equity deals within the real estate sector. The firm's initial team comprises seven individuals, with Seth Samowitz serving as the Chief Operating Officer (COO). Samowitz, a former tech executive specializing in AI, brings valuable expertise to BKREA, positioning the firm for growth and success. Plans are in place to expand the team to between 15 and 20 members, bolstering BKREA's capabilities and reach.

Industry Commitment and Return to Startup Culture

Knakal's departure from JLL earlier in the year marked a significant transition, yet it reflects his unwavering dedication to advancing the real estate industry. His decision to launch BKREA underscores his continued commitment and passion for driving positive change within the sector. Moreover, this venture represents a return to the startup culture that Knakal helped cultivate over three decades ago during his co-founding of Massey Knakal Realty Advisors, signaling a dynamic and forward-thinking approach to real estate brokerage.