{"id":574,"date":"2007-10-09T12:50:00","date_gmt":"2007-10-09T20:50:00","guid":{"rendered":"http:\/\/www.newyorkssixth.com\/ny6wp\/?p=574"},"modified":"2007-10-09T12:50:00","modified_gmt":"2007-10-09T20:50:00","slug":"newport-slow-and-steady-wins-the-race","status":"publish","type":"post","link":"https:\/\/www.newyorkssixth.com\/?p=574","title":{"rendered":"Newport: Slow and Steady Wins the Race"},"content":{"rendered":"<p>The Lefrak family may have built working class digs in Queens, but the LeFraks, after restoring the upper case F are focusing on luxury markets like Newport, reports the <a HREF=\"http:\/\/www.nytimes.com\/2007\/10\/09\/nyregion\/09lefrak.html?ex=1349582400&#038;en=f9aa8480b31b6c26&#038;ei=5090&#038;partner=rssuserland&#038;emc=rss\">NY Times<\/a>.  <\/p>\n<p>But more interesting is LeFrak&#8217;s aversion to debt; &#8220;There is little or no debt on the family\u00e2\u20ac\u2122s holdings: 22 million square feet of residential property, the equivalent of about 25,000 apartments, and 12 million square feet of office space.&#8221; All this means that the slow and steady pace of Newport will continue regardless of the credit available to other builders in the area.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Lefrak family may have built working class digs in Queens, but the LeFraks, after restoring the upper case F are focusing on luxury markets like Newport, reports the NY Times. But more interesting is LeFrak&#8217;s aversion to debt; &#8220;There is little or no debt on the family\u00e2\u20ac\u2122s holdings: 22 million square feet of residential [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[],"class_list":["post-574","post","type-post","status-publish","format-standard","hentry","category-newport"],"views":1208,"_links":{"self":[{"href":"https:\/\/www.newyorkssixth.com\/index.php?rest_route=\/wp\/v2\/posts\/574","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newyorkssixth.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newyorkssixth.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newyorkssixth.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newyorkssixth.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=574"}],"version-history":[{"count":0,"href":"https:\/\/www.newyorkssixth.com\/index.php?rest_route=\/wp\/v2\/posts\/574\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.newyorkssixth.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=574"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newyorkssixth.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=574"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newyorkssixth.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=574"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}