NEW YORK CITY-Jeffrey Gural, chairman of Newmark Grubb Knight Frank and head of the Gural family's real estate business, is focusing more of his attention on his varied racetrack investments in New York State these days.
Gural is the majority owner of Tioga Downs and Vernon Downs in upstate New York and leases the Meadowlands Racetrack in New Jersey. Now that the New York State Legislature passed a bill to allow up to four casinos in three upstate regions, Gural believes his Tioga Downs racino in Nichols, NY could be the one selected for the Southern Tier if casino gaming is approved by voters in a referendum this November, according to the Wall Street Journal.
“I think I have the best location in the Southern Tier," says Gural, speaking of the Tioga Downs racino property.
The Gural family's real estate portfolio, valued at approximately $3 billion, totals 8.5 million square feet and is mostly located in New York City. See story in the Wall Street Journal.
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John Jordan
John Jordan is a veteran journalist with 36 years of print and digital media experience.
