Richard LeFrak,head of The LeFrak Organization,a major developer,says he deals with consumers at an interesting level.In certain markets,there's an increased demand for rental apartments.It means the sale business has been tainted,but it also means people are able to deal with their necessities.
Mr.LeFrak thinks there's some recognition by the government that the flailing of the past 18 months didn't achieve what they wanted to achieve.This coming election is gonna have to do with people's attitude about the future:optimism or pessimism.Hiring follows optimism.We'll have to see what November brings.
The LeFrak Organization,which is privately held,was founded by Mr.LeFrak's grandfather,Harry,in 1901.Besides large scale residential and commercial real estate development and management in New York,Los Angeles and London,it holds onshore energy assets and a securities portfolio.
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