Harrison Lefrak

Standing on a muddy pile of concrete and brick at the sting of the construction web site in Jersey City, the developer Richard LeFrak glanced up at the 41-story glass and metal tower increasing around the bank in the Hudson River.

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“They’re in the league of their unique when it comes to possessing assets,” explained Tom Elghanayan, a principal in another family-owned housing empire, Rockrose Growth. “Now they’re upgrading. It’s sort of from their religion to do it. It’s in all probability his Children pushing him to do that.”

The snow-white head commands a sweeping watch from the river in front of a forest of significant-increase buildings in Jersey City's rapidly building Newport waterfront

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The LeFrak manufacturer is synonymous with excellence in style, building, engineering, and concrete organizing, and our firm is acclaimed around the globe for the standard of its tasks and its Attributes, its financial power and conservatism, its entrepreneurial organization model and its motivation to long-lasting possession.

Relatives and buddies is usually our best supporters, helping encourage us in spirit or with distinct sources to attain our wished-for impact.

Known for boxy, unremarkable properties, the LeFraks are now using model-title architects like Arquitectonica to design and style fashionable towers. In addition they offered two,000 of their more mature Functioning-course apartments in Brooklyn and Queens earlier this 12 months for $250 million, and even more are headed for your auction block.

Richard and his two sons, Harrison and Jamie, have moved the relatives’s longtime headquarters within the sprawling Lefrak Town complicated in Queens to 57th Avenue in Manhattan, belatedly pursuing a nicely-worn route crushed by other users of the town’s real estate property aristocracy whose roots are in the more humble outer boroughs.

Standing over a muddy pile of concrete and brick at the edge of a building web-site in Jersey Town, the developer Richard LeFrak glanced up…

The real-estate mogul on his father’s ‘propaganda,’ his $6.6B net value and Harrison Lefrak a cupboard posture inside of a Trump White Dwelling

Richard LeFrak delivers a large image look at within the NYC real estate property sector, multifamily housing, international customers and LeFrak’s significant bet on Miami…

What worked economically when your family enterprise was working might not be suited to taking care of your prosperity soon after the company's sale.

LeFrak’s world-wide expenditure technique is to hunt intrinsic value and commonly hedge the portfolio as a result of a range of strategies together with shorts, possibilities, or spinoff contracts.