Euphoria...

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The euphoria had evaporated. Reports the tech giant was reconsidering its plans amid a fierce public backlash sent a jolt through the real estate community that was pinning their hopes on a significant pickup in activity.

After a highly publicized search for a second headquarters, Amazon in November announced it was splitting the expansion between the New York neighborhood of Long Island City and Northern Virginia’s Crystal City.

The company touted upwards of 50,000 jobs that the deal would create, while the real estate industry salivated over prospects for massive office developments.

They didn’t account for New York people and politicians who slammed the subsidies the city and state offered. That whipped up a political firestorm that may now be calling the deal into question.

For now, people are trying to assess whether it’s all just a bargaining tactic. Amazon has used the threat of slowing down its growth to win policy concessions in Seattle, where it’s headquartered and employs tens of thousands of workers.

The real Estate are not happy with these oppositions.