News: Brokerage

Public Relations: Marketing your accomplishments to win new business

Those of us on the service side of real estate are challenged when it comes to building our businesses. We learn quickly that referrals and networking will only take us so far, that sooner or later we have to find more efficient and economic ways to reach as many prospects and influencers as possible. Typically the way to reach people is through media publicity, advertising and public speaking and even more today through websites, email blasts, search engine optimization and social media. But one strategy remains constant: what you say, how you say it and when. After all, how many times can you tout your prowess as world's best dealmaker, builder, investor, asset manager, landlord, or lawyer before your audience dismisses you as a blowhard? The way to avoid this trap is to leverage your accomplishments so that as much of your audience as possible takes notice and recognizes you for what you are. Suppose, for example, that you represent the buyer in a large transaction about to go into contract. You have been working hard on the deal and most importantly want to close so that you can have a happy client and collect your commission. Yet even while you are doing this, you should also be laying out a strategy, with the approval of your client, to announce the deal and your role in it. One big reason for this is that in today's 24/7 news cycle, journalists get wind of deals quickly and may not know of your role. A second factor is the many players in a deal, any of whom can announce the deal without you. All parties to the deal should agree in advance to prepare an announcement together so that everyone gets their due credit in a timely manner. Harry Zlokower is president of Zlokower Company and immediate past president of the New York Chapter of the Public Relations Society of America, New York, N.Y.
MORE FROM Brokerage

Horvath & Tremblay Announces Strategic Integration of B6 Real Estate Advisors, Expanding New York City Presence

New York, NY Horvath & Tremblay, a premier real estate services firm specializing in investment real estate brokerage, 1031 exchanges, debt/equity placement, and appraisal & valuation services, announced the strategic integration of B6 Real Estate Advisors into the firm’s growing national platform.
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
Tri-state capital  migrates nationally amid  regulation pressure - by Reese Weaver

Tri-state capital migrates nationally amid regulation pressure - by Reese Weaver

New York tri-state multifamily investors are increasingly reallocating capital to less-regulated markets across the U.S. as rent control and legislative risk erode returns at home. With over 60% of New York City’s rental housing stock classified as rent-stabilized, the traditional value-add model — buying under-performing buildings,

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,
A fresh start - by Shallini Mehra and Amit Doshi

A fresh start - by Shallini Mehra and Amit Doshi

For the past several years, the New York City multifamily housing market has been defined by disruption. The combined impact of the HSTPA rent laws and a sharply higher interest rate environment has fundamentally reduced