LeFrak: “Mini-city” Newport, N.J. Draws Financial Services Industry

Jamie LeFrak, principal of The LeFrak Organization, talks about how developing Newport, N.J., including 5 million sq. ft. of class-A office space and 5,000 multifamily units, has created a “mini-city” that is drawing the financial services industry from Wall Street. And similar development opportunities still exist on New Jersey’s waterfront.