Goodman Report Podcast

• The Greatest Challenges Facing Vancouver's Housing Sector with Cressey’s Hani Lammam

  In episode 2, Mark Goodman sits down with Hani Lammam, Executive VP of Cressey Development Group, to discuss his journey from a high school laborer to leading one of Vancouver's top development firms. With over 25 years in the real estate industry, Hani shares his insights into the challenges and opportunities in today’s market.“The institutions and the big corporations, they're the stabilizing factor in the marketplace. They are the ones who are disciplined, who are very careful about how they underwrite these investments. And I think where it all kind of falls apart is because there is not an appreciation for the risk that investors take. It’s a big risk. This is a lot of money and the return is minimal. We're literally talking about three to four percent yields on investment. That's not very good.So these are not very profitable investments. This is an investment into the future. And we should embrace these investors because they are literally the ones that are supporting the housing stock, as opposed to demonizing them and somehow suggesting that the financialization of real estate is bad.When people say that, I kind of recognize how naïve they are about how the world works. You almost can't respond to it because they’re just oblivious.”– Hani Lammam, Cressey DevelopmentKey highlights:Housing Affordability Crisis: Supply shortages, increased taxes, complex regulatory demands and ineffective policies are driving up rents and making housing unaffordableMisconception of Foreign Buyers and Corporations: They are not the primary issue; the lack of supply is the main cause of the housing problem.Inefficiency of Rental Protection Fund: While it preserves social housing, it removes affordable units from the market and doesn't create new stock.TOA Initiative Flaws: The Transit Oriented Area initiative sets density targets but leaves details to municipalities, leading to conflicting policies and lack of progress.Need for Coordination: Developers and municipalities must collaborate to create feasible housing solutions, with advocates or champions helping navigate the approval process.Cautious Optimism for 2025: There is hope for political change and structural fixes that could improve the housing situation and create development opportunities.Despite market challenges, Hani’s team stays nimble, deeply involved in project details, and focused on sustainable growth. Tune in for an in-depth look at Vancouver’s real estate future!👂 Listen to the full conversation. You won’t want to miss this!--Follow The Goodman Report:Website: www.goodmanreport.comLinkedIn: Goodman Report on LinkedInX: Goodman Report on XFacebook: Goodman Report on FacebookInstagram: Goodman Report on InstagramYouTube: Goodman Report on YouTube

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• Goodman Interviews Legendary New York City Powerhouse Broker Bob Knakal

  In the inaugural episode of Goodman Report Podcast, host Mark Goodman interviews Bob Knakal, a veteran in the New York City commercial real estate industry with over 40 years of experience.We dive into Bob's incredible career and his strategies for success in one of the world's most competitive real estate markets.Bob is a true titan in commercial real estate. As the founder of BKRE in New York City, he has led some of the city's largest, high-profile transactions and personally sold billions of dollars in properties. His expertise in the Manhattan market is unmatched.Bob shares his unexpected entry into real estate, his rigorous daily routine, and his business strategies.The discussion covers the differences between the Vancouver and Manhattan real estate markets, the impact of technology, and the challenges of housing affordability.Bob emphasizes the importance of mentorship, delegation, and perseverance in the industry.The episode concludes with insights into Bob's career and advice for newcomers in real estate.🔑 Topic highlights include:Bob’s journey from beginner to #1 commercial broker in ManhattanGaining a competitive edge: Asset class specialization and geographic focusA "day in the life" of Bob Knakal – working 16-hour days, staying energized, and achieving it allBob’s favorite aspects of the business: Negotiation, business origination, valuation, marketing, mentoring, and moreA deep dive into the Manhattan market: Number of properties, turnover rates, average deal size, cap ratesNavigating the political climate: Rent control, over-taxation, landlord vilification, and moreBob’s biggest mistakes and lessons learned in his 40-year career (spoiler alert: no one wins every deal)How Bob is embracing change, including AI, in his new ventureWhether you're a seasoned pro or just starting out, this episode is packed with invaluable insights from one of the best in the business.--For more, visit:Website: www.goodmanreport.comLinkedIn: Goodman Report on LinkedInX: Goodman Report on XFacebook: Goodman Report on FacebookInstagram: Goodman Report on InstagramYouTube: Goodman Report on YouTube

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• Goodman Report Podcast - Official Trailer

  Welcome to the Goodman Report Podcast! I’m Mark Goodman, principal at Goodman Commercial – a leading force in Vancouver's real estate market. Our firm has been a trusted name in rental apartment buildings, development land, and commercial investment properties for over 40 years. Now, we’re bringing the insights that have shaped our success directly to you in podcast form.Each episode, we’ll dive deep into the world of real estate – exploring market trends, the latest drivers, and industry insights. But we don’t stop there. We’re also bringing you the voices behind the deals: investors, politicians, architects, developers, mortgage brokers, and thought leaders who are shaping the housing and commercial real estate landscape.And, of course, you’ll hear from me – Mark Goodman – as I pull back the curtain on the deals we’re making, the challenges we face, and everything in between. Get ready for the good, the bad, the ugly, and yes, the gossip – as I share a behind-the-scenes look at Metro Vancouver’s real estate investment market.Since 1983, our flagship Goodman Report has provided the highest-quality market insights for our clients. Now, we’re delivering that expertise directly to you.So, be sure to follow the Goodman Report Podcast on your favorite platform and subscribe to get the latest episodes.--For more, visit:Website: www.goodmanreport.comLinkedIn: Goodman Report on LinkedInX: Goodman Report on XFacebook: Goodman Report on FacebookInstagram: Goodman Report on InstagramYouTube: Goodman Report on YouTube

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