Aaron Gural

Aaron Gural, originally Guralnick (March 11, 1917 – March 10, 2009), was chairman of New York real estate developer Newmark & Company for over 40 years.

Aaron Gural
Born
Aaron Guralnick

(1917-03-11)March 11, 1917
DiedMarch 10, 2009(2009-03-10) (aged 91)
NationalityUnited States
Occupationreal estate developer
Known forchairman of the Newmark & Company
Spouse(s)Harriet Feil (deceased)
Marion Katz
ChildrenJeffrey Gural
Jane Gural Senders
Barbara Gural
Parent(s)Meyer Guralnick
Rose Guralnick

Biography

Gural was born Aaron Guralnick in Manhattan, one of three children of Meyer and Rose Guralnick.[1] He shortened his last name to Gural.[1] He graduated with a B.A. in accounting from New York University. His first job was reading water and electric meters for a company owned by his uncles called Spear & Company (which was purchased by Harry Helmsley in 1955 to form Helmsley-Spear).[1] He then worked as a real estate broker[2] and joined Newmark & Company in 1953.[1] In 1956, he purchased Newmark with his two partners.[1] He served as chairman from 1957 to 1998.[1]

He was one of the first to convert industrial West Side properties and abandoned lofts to trendy, gentrified uses. He also acquired numerous landmark New York properties, such as the Flatiron Building.[1] He was involved in the acquisition of over six million square feet of buildings in the New York metropolitan area through his career.[1] His strategy has always been to hold onto real estate over the long term.[3]

Personal life and death

Gural was married twice: his first wife, Harriet Feil, died in 1945; his second wife, Marion Katz, died in 1990. He has three children: Jeffrey Gural, Jane Gural Senders, and Barbara Gural.[1] He was a founding member of the Jewish Community Center of the Greater Five Towns.[4] He died one day short of his 92nd birthday in Delray Beach, Florida, where he lived.[1]

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References
  1. Hevesi, Dennis (March 13, 2009). "Aaron Gural, Real Estate Executive, Dies at 91". The New York Times. Retrieved March 14, 2009.
  2. Wall Street Journal: "Gural Scion on Fast Track - Jeff Gural Shifts His Attention to Race-Track Investments" By Anjali Athavaley June 23, 2013
  3. New York Observer: "Jeff Gural’s Many Acts" by Jotham Sederstrom November 11, 2010
  4. Five Towns Patch: "JCC Names Food Pantry for Outgoing Director" by Stephen J. Bronner May 30, 2013
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