Real estate scion Harrison LeFrak (he of the family that’s No. 78 on the latest Forbes list of America’s 400 richest people) had some choice words earlier this week for why he’s donated so much to John McCain’s presidential campaign. Here’s what Mr. LeFrak told my colleague Dana Rubinstein:
“Obama will create a Read More
“The rest of the country looks upon New York like we’re left-wing, Communist, Jewish, homosexual pornographers. I think of us that way sometimes and I live here.”
That was Alvy Singer in Woody Allen’s Annie Hall. And he knew what he was talking about. Even the developers here lean liberal! Our evidence? The recent campaign Read More
“The market has definitely moved in the landlord’s favor,” chuckled Howard Fiddle, a broker at CB Richard Ellis.
He’s exactly right, of course. Office rents have never been higher, and tenants in need of a big block of space have nowhere else to turn.
Well, to every real-estate problem a solution! Read More