The Real Deal New York

Durst Organization, anonymous sources dish on Amazon’s rental strategy

The tech giant is a tough negotiator and plays the field, according to sources
December 02, 2017 03:55PM

(Credit: Bezos photo by U.S. Department of Defense photo by Senior Master Sgt. Adrian Cadiz, front; Pixabay, back)

The Durst Organization is suing Amazon after a lease imploded in 2014 and isn’t shy about talking about the details.

Durst representatives and court documents from the ongoing suit, reveal that the company spent $1.6 million tailoring New York office space to the tech giant’s specifications only for the company to walk away from the deal, which was worth $20 million, according to the New York Post.

Anonymous sources, out of fear of reprisals, told the Post Amazon negotiates deals and then walks — sometimes for half a year before returning to sign papers, if at all. The sources say the company often negotiates multiple leases at the same time.

“They tee up and have a signable lease,” a source told the Post. “They are doing this on warehouse space and office space.”

[NYP] — E.K. Hudson