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In this episode of The Not Podcast Podcast, two commercial real estate powerhouses—Michael Mandel and Michael Bull—come together to talk about the shifting world of brokerage, the state of the office market, and the lending landscape in CRE today.
If you’re a broker, investor, or just trying to keep up with the evolving CRE market, this one’s packed with hard-earned wisdom and timely perspective.
Want to listen to (and watch) the full episode? Check it out below!
From Broker to Business Owner: Michael Bull’s CRE Journey
Michael Bull shares how he went from top broker to founding Bull Realty, building a firm rooted in integrity, specialization, and long-term client relationships. Bull Realty’s model allows brokers to own their book of business and avoid internal competition—an approach that’s become a differentiator in today’s crowded brokerage world.
“You don’t need to be everything to everyone. Specialization is what builds trust and results.”
Office Market Reality Check: It’s Not All Doom and Gloom
Michael Mandel and Michael Bull dive into the office sector, challenging the “office is dead” narrative. While it’s true that some urban office markets are struggling, Bull highlights that office isn’t a monolith.
“This is the decade, and probably the year, to buy office.”
What’s Happening with CRE Lending?
The conversation shifts to the current lending environment, where tight capital and cautious underwriting have slowed deal flow. Bull explains how this is affecting transaction timelines and pricing expectations—especially in office and retail sectors.
“The deals are still there, but you have to be more strategic, and you need good data to back up your decisions.”
Why Good Data (Like CompStak’s) Matters More Than Ever
Both Michaels underscore the importance of data-driven decision making. Whether you’re repositioning an office building or navigating cap rate compression, having access to accurate, real-time lease comps is crucial—and that’s where CompStak comes in.
Listen to the Full Episode
This episode isn’t just about brokerage—it’s about how every corner of CRE is evolving, and what you need to stay ahead.
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