Bob Knakal ‘Terminated’ From C&W Less Than Week Before Contract Expires
Robert Knakal, the chairman of New York investment sales at Cushman & Wakefield, has been “terminated” from the firm, “effective immediately,” a company spokesman told Commercial Observer.
Knakal assumed the role at C&W following the sale of his firm Massey Knakal Realty Services on New Year’s Eve 2014 for $100 million, a middle-market investment sales company he and Paul Massey co-founded on Nov. 15, 1988.
As per a C&W statement: “Cushman & Wakefield has terminated its relationship with Bob Knakal, effective immediately.” His contract would have expired this Saturday, and he has been in talks with a number of firms about his next move, sources said.
He was let go “because Bob has been in active discussion with a handful of firms about the next iteration of Bob Knakal’s career,” one source said. “They beat him to the punch. It was a conclusion that everybody saw coming. He was going to leave either way.”
Massey quit working at C&W in April, as CO previously reported.
Knakal and Massey weren’t immediately reachable for comment.