Billionaire Richard LeFrak: Becoming a Real Estate Mogul

An interview with billionaire Real Estate mogul, Richard LeFrak. In this interview Richard discusses how he got started in Real Estate and his family legacy in Real Estate. Richard talks about some of his favourite projects and different markets in the US apart from New York. Finally Richard discusses his role in philanthropy.

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Video Segments:
0:24 How the LeFrak’s get started in commercial real estate at the turn of last century
02:18 The importance of family legacy?
02:52 The history and success of NYC landmark Lefrak City
05:23 Developing Ellipse, the massive residential project off the Hudson River in Jersey City
10:35 The history of 40 West 57th Street on Billionaires Row
11:55 Urbanization and the return of millennials to forgotten neighbourhoods
13:17 Affordable housing, rising construction costs, and New York City
13:40 Analyzing competition and the reasons for expanding out of NYC to Los Angeles
19:21 LeFrak expansion during the 2008 recession into Miami
22:34 The power of joint ventures and importance of local partners
24:16 Hot locations across the U.S
25:05 LeFrak diversification: investing in oil, energy, banking, and technology
28:29 Brexit good for US
30:52 Cycle
33:20 Role of technology in Real Estate industry
35:29 Accommodating for technology on new projects
36:29 What charities do you support
38:41 Anything keep you up at night

Interview Date: 6th December, 2016
Event: Bisnow
Original Image Source:http://bit.ly/LeFrankPic

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