Harrison LeFrak headed for big-ticket divorce: report

Billionaire real estate scion is co-MD of LeFrak Organization

New York /
Apr.April 25, 2022 10:38 AM
LeFrak's Harrison LeFrak and Katherine Embiricos LeFrak (Getty Images, iStock, Illustration by Kevin Cifuentes for The Real Deal)

LeFrak’s Harrison LeFrak and Katherine Embiricos LeFrak (Getty Images, iStock, Illustration by Kevin Cifuentes for The Real Deal)

The real estate industry is set to witness another mega-divorce.

Harrison LeFrak, the billionaire scion of the LeFrak Organization, is reportedly set to split from his wife, Katherine Embiricos LeFrak, Page Six reported.

The couple had a son in 2019 and married within the last five years. One insider told the publication the decision to part ways was Harrison’s, while another said the decision was mutual.

Harrison is the co-managing director of the LeFrak Organization, which is run by his father, Richard. Katherine, meanwhile, is an heir to the Embiricos Greek shipping company.

“This is a family matter that should be resolved privately and amicably in the best interests of a young child, and Mr. LeFrak will do everything possible to reach that resolution,” a spokesperson for the family told the publication.

Three years ago, Harrison paid $10.1 million for a penthouse in the south tower of the Four Seasons Residences at the Surf Club in Surfside, Florida. Harrison’s father and brother also have Miami-area homes, including a Surf Club penthouse residence for Richard.

The LeFraks are one of the biggest real estate dynasties in the U.S., estimated to be worth $6.6 billion by Forbes in 2015. The family’s major holdings include LeFrak City in Queens, which covers 40 acres and contains 20 apartment buildings with 5,000 units.

Last year, LeFrak bought the Marina Del Rey apartments in Miami Beach’s Normandy Isle for $24.5 million. The company is also co-developing the SoLé Mia project in North Miami with Turnberry Associates. Last year, the developers secured a $32 million construction loan for the project.

[Page Six] — Holden Walter-Warner





    Related Articles

    arrow_forward_ios
    From left: Scott Rechler and 5 Times Square; Marc Holliday, Stephen Ross and 280 Park Avenue (Getty Images, Eden, Janine and Jim from New York City - via Wikimedia Commons/Photo Illustration by Steven Dilakian for The Real Deal)
    Swell of maturing debt pressures office owners
    Swell of maturing debt pressures office owners
    (photos by Joe Lovinger/The Real Deal)
    Day 2 of ICSC: Retailers button up to network, prep for uncertain future
    Day 2 of ICSC: Retailers button up to network, prep for uncertain future
    Boston Properties' Hilary Spann and Eldridge CEO Todd Boehly in front of 767 Fifth Avenue (Boston Properties, Eldridge, Google Maps)
    Firm ditches Park Ave for entire floor of GM Building
    Firm ditches Park Ave for entire floor of GM Building
    Adam Neumann with 515 West Avenue (Wikipedia, Realtor, iStock)
    No buzz, but Adam Neumann will take the $293M
    No buzz, but Adam Neumann will take the $293M
    Photo illustration depicting landlords being outearned by their lenders (iStock)
    More multifamily landlords are making less than their lenders
    More multifamily landlords are making less than their lenders
    RFR's Aby Rosen and 285 Madison Avenue (RFR, iStock)
    RFR seeks extension on 285 Madison loan
    RFR seeks extension on 285 Madison loan
    HNA Group's Guoqing Chen (left), SL Green CEO Marc Holliday (right), and 245 Park Avenue (SL Green, World Travel & Tourism Council - via Wikimedia Commons, LoopNet)
    HNA must pay SL Green fat sum over 245 Park Avenue
    HNA must pay SL Green fat sum over 245 Park Avenue
    Mayor Eric Adams and Extell's Gary Barnett (Photos by Paul Dilakian)
    Real estate’s titans talk building, selling, and reinventing the city
    Real estate’s titans talk building, selling, and reinventing the city
    arrow_forward_ios

    The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

    Loading...