Tune in for REady2Scale’s Season 6 FINAL episode. We saved the best for last to sit down with none other than Bob Knakal, a long-standing titan in New York City's real estate scene, to dissect the current state and future prospects of commercial real estate. With over 2,330 personal transactions and a deep understanding of market dynamics, Bob shares invaluable insights into the challenges and opportunities facing investors, sellers, and the broader real estate landscape amidst economic fluctuations and policy changes. What You'll Gain from Listening In: - Current Market Analysis: Bob provides a nuanced analysis of New York's commercial real estate market as well as the broader markets, distinguishing between various sectors like retail, multifamily, and office spaces, and explaining the impact of recent economic policies and corrections. - Investment Opportunities: Despite the market's challenges, Bob argues that the current environment presents a unique buying opportunity, possibly the best he's seen in his extensive career. -  Seller Strategies: Learn about the motivations driving sellers in today's market and the strategic decisions they face, especially in light of changing property values and loan refinancing challenge. - Policy Impacts: Gain insights into how political decisions and public policies are intricately linked to real estate dynamics, affecting everything from property values to investment strategies. - Future Predictions: Bob shares his thoughts on the looming maturity of commercial real estate loans and the potential scenarios that could unfold, offering a glimpse into the future of the market. - Personal Insights: Beyond real estate, Bob reveals his passion for collecting Marc Messier memorabilia and his love for cooking, providing a more personal glimpse into the life of a real estate mogul. Whether you're an investor, a real estate professional, or simply curious about the dynamics of the commercial real estate market, this episode offers a comprehensive and expert perspective on navigating the complexities of the industry. Bob's deep expertise and unique insights will equip you with the knowledge to understand market trends, make informed decisions, and explore the potential opportunities in the ever-evolving landscape of real estate. Tune in now to gain a deeper understanding of the real estate market, particularly in New York, and learn from one of the industry's most experienced voices. Prefer to read the interview? Download the transcript here. See full video on our YouTube Channel here. Are you REady2Scale Your Multifamily Investments? Learn more about growing your wealth, strengthening your portfolio, and scaling to the next level at www.bluelake-capital.com. To reach Ellie & her team, email them at [email protected] or complete our investor form at www.bluelake-capital.com/new-investor-form and they'll connect with you. Learn more about your ad choices. Visit megaphone.fm/adchoices