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Published by: Harvard Business Publishing
Originally published in: 1997
Version: 21 September 2014
Revision date: 14-Sep-2016
Length: 7 pages
Data source: Published sources

Abstract

This simulation involves a negotiation between a real estate developer and a prospective anchor tenant in a proposed shopping center. Students are assigned roles, given confidential information, and asked to try to break the impasse over the 'use, assignment, and subletting' clause. Debriefing the results in class should illustrate the possibility of generating joint gains through interest-based negotiation - and the obstacles to such a process. Technical knowledge of real estate issues is not assumed.

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Abstract

This simulation involves a negotiation between a real estate developer and a prospective anchor tenant in a proposed shopping center. Students are assigned roles, given confidential information, and asked to try to break the impasse over the 'use, assignment, and subletting' clause. Debriefing the results in class should illustrate the possibility of generating joint gains through interest-based negotiation - and the obstacles to such a process. Technical knowledge of real estate issues is not assumed.

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