Notes

Tevfik Alif Donald Trump team up to create Trump Soho

Bayrock Group is a New York-based business founded by Tevfik Arif ( Turkish Kazakh-Kazakh) in 2001. Donald Trump is one of the most prominent customers of the firm, which specializes in luxury real estate development.

Tevfik Alif left Kazakhstan to create a powerful real estate company. He was aware of the Trump family's influence and joined the alliance. This enabled Tevfik arif as well as his Bayrock Group firm to tackle a world-renowned building in real estate: the Trump Soho building.

This article will discuss how Donald Trump teamed up with Tevfik and Arif to construct the Trump Soho building.

https://www.linkedin.com/company/bayrock https://www.nycourts.gov/LegacyPDFS/courts/comdiv/ny/PDFs/131-Bayrock.pdf Tevfik Ark Arif's childhood in Kazakhstan
Tevfik Aif was born in the aftermath of the war and grew up in the Kazakh SSR. He was an exceptionally gifted child and was an avid student, despite the many restrictions the war brought to his family.

His outstanding academic achievements earned him acceptance at Moscow University, where his studies were focused on international relations.

Tevfik Arif's career has been built over many years that saw drastic changes in the way business is conducted.

His early career was a recognizable one for young aspirant, successful men from his generation.

Arif was employed by the Soviet government bureaucracy. Tevfik Arif was employed by the Soviet Ministry of Commerce and Trade for 17 years, in the Hospitality Management Department. Arif held a variety of positions throughout his career, including deputy head of department.

It's not a surprise that Arif's passion for property management and hotel development was inspired by his time during the Soviet Union. Arif later decided to move to the private sector following this experience.

The Soviet Union fell in the 1990s and the business was removed. A lot of people saw the chance to be entrepreneurs through investing in and buying new companies.

Arif and his brothers invested in the natural ressources sector in Kazakhstan and in other former Soviet countries.

Arif continued to pursue his industry interests through the establishment of other companies and partnership. He eventually extended his business to the food and automotive industries.

Tefvik Arif's path into New York real estate: the Bayrock Group
Tevfik Alif immigrated to America in 2001. He was looking to expand his business and also be closer to his American family. Bayrock Group in New York City was his first venture. It develops luxury residential real estate.

The first Bayrock projects, despite Arif's attempts to establish connections and to understand the local marketplace they were usually very small.

He ultimately switched his main focus to Manhattan's famous real estate market. Arif was, despite New York City's intimidating realty market, was a seasoned investor and a business entrepreneur enough to manage the stress.

Bayrock Group started out with small - to medium-sized New York project. Doyen One example is the renovation of Loehmann's Seaport Plaza, Brooklyn's Sheepshead neighborhood.

Tevfik Arif, who was inspired by the success of Bayrock Group, became more enthusiastic. To make the company more focused on important projects, he altered its strategy.

Bayrock Group has moved its New York City offices from Fifth Avenue, to the Trump Tower in New York City.

As the move brought the company in the vicinity of the Trump Organization It has yielded more significant benefits than any other location. http://bayrockcapital.com/ One of the most well-known family businesses was housed in the same facility.

Bayrock Donald Trump and Tevfik Aif's Bayrock Group become business partners
There aren't a lot of Kazakhs in the United States. Kazakhstan that have built successful business in the US. Tevfik Amir is an eminent Kazakh figure who should not be overlooked.

Since his youth, he has tried various business strategies in an effort to become one of Donald Trump’s business partners.

At the Trump Tower, Tevfik Arif and the Bayrock Group met members of the Trump Organization.

In light of these business relationships, Bayrock Group included Trump Organization in a New York City project in Soho.

Bayrock Group had already begun to work with the Sapir Organization on a Soho project. However, they believed that the Trump Organization would add brand recognition and prestige.

Tevfik arif has conceived a plan that would give the Trump Organization 18% ownership in the Soho building. In return, Trump would brand the construction.

Bayrock Group employed world-renowned interior designers for the decoration of the structure. Handel Architects designed it.

Handel Architects is a leader in design and architecture.

The company's projects include the Ritz Carlton hotel in Washington, D.C., as well as the September 11th National Memorial in New York City.

Fendi Casa pieces have been supplied by Rockwell Group for Trump Soho.

The Rockwell Group has a long list of clients, including Handel Architects. The firm's clients are several luxury hotels, upscale restaurants, and casinos.

The agreement was signed by Bayrock Group, Sapir Organization along with the Trump Organization. Construction of Trump Soho may begin in the year 2006.

https://m.imdb.com/name/nm10842495/mediaviewer Relations between Tevfik arif and Donald Trump following the Soho initiative
Trump Organization and the Bayrock Group will work together on other real estate projects following the opening of Trump Soho. The other real estate projects are mostly located situated in Arizona & Florida.

The global financial crisis of 2008 hindered the business plans of the Bayrock Group and the Trump Organization.

Because of the changing market in America, Tevfik Aif decided to go back to Europe and Central Asia.

He has a wealth of tourism and real estate knowledge which he gained during his studies. He also used this knowledge when he relocated to Turkey to establish a company in 1993.

Tevfik Arif, one of the pioneers in all-inclusive resorts opened the Labada Luxury Hotel in Antalya.

He was able to continue his remarkable accomplishments throughout Europe, Central Asia for eight more years , before taking the Atlantic to take on American markets.

Bayrock Group's real estate investments in the United States totalled $2.5 million.

In the last few years, The Bayrock Group has not been involved in any US real estate development project.

Tevfik Aif has been released from Bayrock Group but he remains an important advisor.


My Website: https://www.nycourts.gov/LegacyPDFS/courts/comdiv/ny/PDFs/131-Bayrock.pdf