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Bullard House Negotiation Paper

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I worked with Candace Biby during the Bullard House negotiations. I represented Downtown Inc., a company who is attempting to sell its Bullard House property. Candace represented Jones & Jones who unbeknownst to me, was operating as shell company who intended on building a high-rise hotel complex on the property. The outcomes are as follows. Candice purchased the property for the price of $24 million. Additional to the price, Downtown Inc. will receive ten percent of the revenue generated for seven years. During those seven years, downtown Inc. will have a forty percent minority share in the property. Twenty-four of the Bullard houses will become condos and controlled by downtown INC. Those condos are located on the periphery of the structure, …show more content…

However, Candace was very skilled and duplicitous during the negotiation. While at no point did Candace lie to me. She did make the full entirety of Absentia’s plans for the property. It was later revealed to me, after the formal negotiation, that Absentia planned to develop a high-rise hotel directly behind the Bullard House. This is completely unacceptable to my constituents, however, the deal was already agreed upon by the time I was informed. Candace used the questionable negotiation strategy of deception to ensure she received a favorable deal. She knowingly withheld information that would have impact the terms of our deal. For her, the deal was a success. However, I am left feeling mislead. When I would question her about the types of commercial development that her constitutes sought to pursue, she would make vague references to tasteful additions within the property. The lack of effective question is a failure of mine. I should have begun to ask probing questions, as Lewicki suggests, when I realized that she was not fully disclosing information. Instead I allowed the ambiguous answers to be the basis of my decision

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