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
Strategic pause - by Shallini Mehra and Chirag Doshi

Strategic pause - by Shallini Mehra and Chirag Doshi

Many investors are in a period of strategic pause as New York City’s mayoral race approaches. A major inflection point came with the Democratic primary victory of Zohran Mamdani, a staunch tenant advocate, with a progressive housing platform which supports rent freezes for rent
Behind the post: Why reels, stories, and shorts work for CRE (and how to use them) - by Kimberly Zar Bloorian

Behind the post: Why reels, stories, and shorts work for CRE (and how to use them) - by Kimberly Zar Bloorian

Let’s be real: if you’re still only posting photos of properties, you’re missing out. Reels, Stories, and Shorts are where attention lives, and in commercial real estate, attention is currency.
Lasting effects of eminent domain on commercial development - by Sebastian Jablonski

Lasting effects of eminent domain on commercial development - by Sebastian Jablonski

The state has the authority to seize all or part of privately owned commercial real estate for public use by the power of eminent domain. Although the state is constitutionally required to provide just compensation to the property owner, it frequently fails to account
AI comes to public relations, but be cautious, experts say - by Harry Zlokower

AI comes to public relations, but be cautious, experts say - by Harry Zlokower

Last month Bisnow scheduled the New York AI & Technology cocktail event on commercial real estate, moderated by Tal Kerret, president, Silverstein Properties, and including tech officers from Rudin Management, Silverstein Properties, structural engineering company Thornton Tomasetti and the founder of Overlay Capital Build,