News: Brokerage

Crisis communications: Are you ready for unexpected issues?

The Anthony Weiner affair focused attention on a branch of public relations known as "crisis communications." Most situations are not as dire, but sometimes you have to face the media and you need to be prepared. It could be about alleged building violations or tenant complaints, a lawsuit, arrest or indictment, a financial reversal or default or some other incident or issue. If the unexpected happens, are you ready? Rather than ignore or reject calls from journalists, determine what they are seeking. It is possible they may be acting on a rumor, and you need to clear the air. The call could be about a property you do not own or an incident that has no relation to you. Your PR person, lawyer, or an articulate person in your organization needs to clarify the situation. That is usually enough to stop the story or at least your implication in it. But sometimes a journalist is on to something and you need to make sure the facts are correct and your reputation is protected. Consult a lawyer immediately, but be aware you may also have to deal with the media too. Prepare a statement, even if it is for you only. Explain your actions truthfully, and correct misperceptions the media or public may have. Consider an apology, if you feel your behavior warrants it, and describe how you are turning things around. There is a second chance in public relations if you are willing to do what you have to do. Harry Zlokower is president of Zlokower Company, New York, N.Y.
READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
The death of the generic offering memorandum: What buyers expect in 2025 - by Kimberly Zar Bloorian

The death of the generic offering memorandum: What buyers expect in 2025 - by Kimberly Zar Bloorian

There was a time when an offering memorandum (OM) was pretty bare bones, some photos, a few bullet points on income, and a rent roll thrown in at the back. That used to get the job done. Not anymore. In 2025, buyers are sharper, faster, and more selective. They’re looking
New York’s streets are full again, and the retail numbers prove it - by Noam Aziz

New York’s streets are full again, and the retail numbers prove it - by Noam Aziz

Walk down any New York block this year and you can feel it. The sidewalks are crowded, the storefronts are lit, and the energy that defines this city is back at full volume.
Artificial intelligence in lending - by Lindsay Mesh Lotito

Artificial intelligence in lending - by Lindsay Mesh Lotito

Artificial intelligence (AI) is beginning to help transform lending by enhancing decision-making, improving risk management and streamlining operations. With AI-powered tools that analyze vast amounts of data, lenders are able to assess borrower creditworthiness more accurately and efficiently. AI can evaluate a wide range of factors,
Hunt commercial real estate question and answer: The total cost of relocation - by David Hunt

Hunt commercial real estate question and answer: The total cost of relocation - by David Hunt

You have a right to be concerned. I am always surprised at the companies that will negotiate the price of their new facility down to the last dollar, without thoroughly analyzing their