Jeffrey Gural
| Jeffrey Gural | |
|---|---|
| Born |
Jeffrey Robert Gural July 6, 1942 |
| Nationality | United States |
| Education | B.S. Rensselaer Polytechnic Institute |
| Occupation | real estate developer |
| Known for | chairman of the Newmark & Company |
| Spouse(s) | Paula Gural |
| Children | Eric Michael Gural |
| Parent(s) | Harriet Feil Aaron Gural |
Jeffrey Gural (born July 6, 1942) is New York real estate developer.
Gural was born to Jewish American real estate developer Aaron Gural and Harriet Feil. His mother died in 1945. His father was part owner of Newmark & Company and served as its chairman from 1957 to 1998. He was raised in Woodmere, New York and has two sisters: Jane Gural Senders and Barbara Gural. He graduated with a B.S. in civil engineering from Rensselaer Polytechnic Institute.
In 1968, he worked for Morse-Diesel Construction Company where he was responsible for the supervision and construction of more than one million square feet of new office space. In 1972, he joined the family business managing its real estate assets (8.5 million square feet of real estate worth about $3 billion in 2010) and helping the growth of his family's Manhattan brokerage firm Newmark Grubb which he has headed since 1978. Gural with his partner, Barry Gosin, propelled the firm's growth in the 1970s and 1980s, via an aggressive acquisition strategy. In 2001, they invested in family-owned national appraiser Koeppel Tener Real Estate Services, founded by Alfred J. Koeppel. In 2006, Newmark Grubb formed a strategic partnership with London-based real estate firm Knight Frank becoming Newmark Grubb Knight Frank. In October 2011, Newmark Grubb Knight Frank was acquired by BGC Partners. Like his father, his strategy has always been to hold onto real estate over the long term.
He runs the harness racing track Meadowlands Racetrack in East Rutherford, New Jersey as well as the racinos Tioga Downs in Nichols, New York and Vernon Downs in Vernon, New York. Gural is committed to cleaning up the harness racing industry: all horses that run on his tracks are subject to blood and urine samples to test for illicit drugs and the training centers or farms can be inspected at any time by his investigator.
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