When the Forbes 400 list of richy rich Americans came out last month, the richest New York developer was, as it’s long been, Richard Lefrak, with a net worth in excess of $5 billion. That is as much oil and natural gas wealth as it is development wealth—it’s all real estate, when you think about it—but perhaps Mr. LeFrak is feeling nostalgic, because he has decided to return to his home turf of Queens, according to The Journal. Read More
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