News: Brokerage

Media communications when disaster strikes

Owners whose properties were most affected by Hurricane Sandy kept the media informed even as they prepared their buildings for the momentous storm. Executives from Rockrose Development Corp., Battery Pointe condominium, Cooper Square Realty, Brookfield Properties, Silverstein Properties, and the Port Authority provided interviews and issued statements describing their actions and advising tenants and residents on the best course of action. Justin Elghanayan, president of Rockrose Development, which owns four buildings in Zone A, informed Crain's New York Business how he mobilized plumbers, prepared for power loss, and encouraged tenants to leave. David Kuperberg, CEO of Cooper Square Realty, which has properties in Coney Island, Brighton Beach, and Far Rockaways, said he "beefed up security and shut down elevators," but most residents appeared "to be sticking it out." "We are keeping our residents informed and will hopefully mitigate as much damage as possible," Kuperberg said. Meanwhile in Downtown Manhattan, The Port Authority issued a statement and spokespeople for Brookfield and Silverstein described actions to cease construction and protect buildings. Media relations is essential during disasters of the size and scope of Hurricane Sandy. Just as government leaders need to keep citizens informed, so must landlords and owners be prepared to talk with reporters or use spokespeople, and issue statements that are well thought out and complete. How you communicate with media should be part of any disaster plan and strong consideration should be given to issuing a press release or statement even before reporters reach out to you. Harry Zlokower is the president of Zlokower Co., 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
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,
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.
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