Industry News

Gulf Coast brokerages prepare for hurricane season

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An ounce of prevention is worth a pound of cure, as many Gulf Coast brokerages learned from last year's storms, and disaster preparedness is taking the spotlight now that hurricane season has begun. "This time, we're not going to have to walk up and down 10 flights of steps in the dark carrying computer servers on our backs," said Rich Stone, director of commercial sales and leasing for New Orleans-based NAI/Latter & Blum. The brokerage has offices all over the Gulf Coast, many of which were battered by Hurricane Katrina in 2005. "As a result of everything we went through, we have developed a formal emergency plan to ensure that if we are faced with something like this again, our clients, agents and staff will be much better prepared," said Stone. The plan was developed well in advance of the June 1 start of hurricane season, he said. Latter & Blum was founded in 1916 and claims to be the largest broker in Louisiana. Last year, after Katrina hit, the company made a heroic reco...