Negotiation in the news: Power trip: For New York’s real estate industry, a shocking defeat

New York landlords and developers passed on opportunities to negotiate—and got shut out of a deal.

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Article Excerpt

When negotiators are accustomed to getting their way, they tend to rely on the same tried-and-true bargaining tactics—and fail to notice when they’ll no longer work. That’s the lesson New York City’s real estate industry was
forced to absorb in June after the newly Democratic-controlled legislature in Albany announced a landmark deal to strengthen the state’s rent

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