News: Brokerage

Seeking a PR firm or agent? Draft an RFP that fits you - by Harry Zlokower

As a long-time, real estate public relations firm head and consultant, I never expected to one day be recommending use of the “dreaded” Request for Proposal (RFP) to anyone considering a PR firm or agent. But now having had the experience of consulting with real estate firms , I have come to realize why RFPs are useful and important.

Whether it be a multi-page document or concise list of bullet points, every real estate firm should consider some form of RFP when recruiting public relations assistance. The exercise provides the comfort and assurance of having communicated your needs and possibly budget range. It will also save you much time and anguish by eliminating firms or representatives that are not a good fit and that may not have the experience and tools to meet your needs, A good RFP will help you focus and provide a certain objectivity to a decision that typically includes emotion or chemistry.

Large or small in volume, a well-executed RFP should accomplish at least these goals for you as the hiring party:

  • Clear definition of your company and/or principals
  • Discussion of the duties and problems you wish addressed by the prospective public relations firm or agent
  • Request for qualifications, experience, and proposed activity from the public relations firm bidding for the project or program and finally if possible
  • Discussion of budget by both parties

The last goal—budget—is particularly important because it requires the contending public relations service providers in some way to equate their charges with your expectations and with what they propose to accomplish. You have the option of either suggesting a range or dollar amount of what you are willing to pay or of leaving that proposed number to the candidates to be used as part of the criteria in making your final decision.

Harry Zlokower is a real estate public relations consultant based in New York.

MORE FROM Brokerage

AmTrustRE secures 5,754 s/f lease with GKV Architects at 360 Lexington Avenue

Manhattan, NY AmTrustRE has executed a 5,754 s/f lease at its premier boutique Midtown East office tower, 360 Lexington Ave., with longtime partner GKV Architects. The award-winning firm will occupy a portion of the 14th floor. >“GKV Architects has been a trusted partner to AmTrustRE for over two decades, playing an integral role in shaping and elevating several
READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
The anticipated effect of Basel III and ISO 20022 implementation on commercial real estate - by Michael Zysman

The anticipated effect of Basel III and ISO 20022 implementation on commercial real estate - by Michael Zysman

July 1, 2025 is the deadline for US banks to begin to adopt Basel III banking standards and July 14, 2025 is the deadline for U.S. banks to adopt ISO 20022 messaging standards. Both will have a significant effect on the banking and commercial real estate (CRE) finance sectors.
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
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,

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