BisnowTV: Richard LeFrak Discusses CRE in 2017: Brexit, Interest Rates And Foreign Capital
LeFrak Organization chairman/CEO Richard LeFrak, whose firm has been developing in NYC for 100 years (which he discussed in Part 1 of our interview series) and has developments across the United States (which he discussed in Part 2 of our interview series).
In Part 3, Richard sat down at his 40 West 57th St development on Billionaire's Row to discuss the future of real estate in 2017 with EisnerAmper partner Lisa Knee. Topics discussed include:
(00:22) Why Brexit will be good for US foreign capital because of the flood of financial services from the United Kingdom.
(02:45) Where are we in the cycle and will we see 2017 market corrections?
(05:15) How is technology changing commercial real estate, specifically in terms of office and retail?
(07:23) Real estate developers are using lifestyle centers and entertainment centers to combat technology changing the CRE landscape.
(08:24) The importance of philanthropy, the new LeFrak Center at Lakeside skating rink in Brooklyn’s Prospect Park.
(10:32) What keeps Richard LeFrak up at night?