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Tevfik Arif, Donald Trump's collaboration to build the Trump Soho

Bayrock Group is a New York-based company established by Tevfik Arif ( Turkish Kazakh-Kazakh) in 2001. Donald Trump is one of the most well-known clients of the company.

Tevfik Arkik immigrated to the US from Kazakhstan in hopes of building a powerful real-estate business. He was aware of the potential of Trump and joined the venture with his family. tevfik arif, bayrock Tevfik Arif Bayrock This enabled Tevfik Aif, and his business, the Bayrock Group to manage a world-famous real estate project that is the Trump Soho Building.

This article will discuss the partnership between Donald Trump, Tevfik Arif as well as others to construct the Trump Soho luxury building.

Tevfik's childhood was in Kazakhstan
Tevfik was born in post-war times and grew up with the Kazakh SSR. He was a gifted child who always liked to study despite all the limitations that war brought to homes.

He had a stunning academic success that led him to Moscow University. There he did his studies in economics as well as international relations.

Tevfik Arif's professional career was developed over a period of time that has seen dramatic shifts in how business is done.

tevfik arif, bayrock His first career was a recognizable one for the young, successful and aspiring young men of his time.

Arif worked for the Soviet government bureaucracy. The Soviet Ministry of Commerce and Trade employed Tevfik Arif for 17 years as a member of its Hospitality Management Department. Arif rose to the position as deputy department head in his tenure.

Tevfik Arif Donuld Trump Working for the Soviet government definitely led to an desire to develop hotel properties and management. Arif went on to establish his own company after gaining this knowledge.

In the beginning of 1990s, the Soviet Union collapsed, and the industry was privatized. Many individuals saw the opportunity to start their own businesses through investing in and buying new companies.

Arif as well as his brother invested in the industry of natural resources in Kazakhstan as well as other former Soviet Republics.

Arif continued to pursue his interest in the business by creating additional companies and partnerships. Then, he'd expand his business to include the automobile and food industry.

Tevfik Arif Bayrock Tefvik Arif's journey into New York real estate: the Bayrock Group
Tevfik Ariff relocated to America in 2001 to expand his business and be closer to his American family. He founded Bayrock Group in New York City, which develops luxurious real property.

Bayrock's initial projects were often tiny, despite Arif trying to learn about the market and establish his connections.

His primary focus was Manhattan's highly regarded real estate market. Arif was both an experienced investor as well as a business entrepreneur, and could deal with the pressures of New York's real property market.

Bayrock Group started out with small - to medium-sized New York project. https://bayrocktevfikarifpgtk251.bravesites.com/ A prime example of this is the remodeling of Loehmann's Seaport Plaza, Brooklyn's Sheepshead neighborhood.

Tevfik Arif was driven by the success of Bayrock Group. He decided to change the company's strategy in order to concentrate the company's efforts on larger projects.

Bayrock Group's offices have been relocated from Fifth Avenue in New York City to support his new strategy.

It was perfect to the Trump Organization which brought greater benefits than other area. The building was home to one of the most famous family organizations in history.

Donald Trump and Tevfik Aif's Bayrock Group become business partners
There aren't many Kazakh immigrants entrepreneurs who made their mark in the US. Tevfik Alif is an eminent Kazakh figure.

He was an untried young man who had tried various strategies for business before becoming one of Trump's business associates.

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

Bayrock Group was able to incorporate the Trump Organization in a New York City Soho area project because of the business connections.

Tevfik Arif Bayrock Group was working with the Sapir Organization to develop a Soho project. They believed that the Trump Organization could add some branding recognition and credibility.

Tevfik Arkif devised a plan to allow the Trump Organization to receive 18 percent equity in the building. In exchange, the construction would use the Trump brand in its name.

tevfik arif, bayrock Bayrock Group employed world-renowned interior designers to decorate the structure. Tevfik Arif Donuld Trump Handel Architects developed the design.

Handel Architects is a recognized leader in design & architecture, with vast experience across the globe.

The Ritz-Carlton Hotel located in Washington, D.C., the September 11th National Memorial, New York City are just two of the projects.

Fendi Casa pieces for Trump Soho were supplied by Rockwell Group, a design and architecture firm.

The Rockwell Group also has an impressive resume, like Handel Architects. Numerous luxurious hotels and restaurants are only a few of the numerous clients that this company has.

The agreement was concluded between the Bayrock Group, Sapir Organization and the Trump Organization. Construction could start in 2006 at Trump Soho.

Tevfik Arif and Donald Trump's relations following the Soho project
After the success of Trump Soho the Bayrock Group and Trump Organization plan to work together in other real estate ventures. These other realty projects are mainly in Arizona and Florida.

But, the 2008 global financial crisis hampered both Bayrock Group's business plans as well as those of the Trump Organization.

Due to the market's changing in America, Tevfik Aif decided to go back to Europe and Central Asia.

He acquired a wealth of real estate and tourism knowledge through his studies. It was also a benefit when he moved to Turkey in 1993, to begin a new venture.

Tevfik Arif opened the Labada luxury hotel in Antalya and quickly became a pioneering force behind the traditional all-inclusive resorts.

He had more outstanding achievements in Europe/Central Asia over the next eight years. After that, he made the crossing of the Atlantic for the American market.

Bayrock Group spent $2.5million on real estate properties in the United States.

For the past few year, Bayrock Group was not associated in any US real estate development projects.

While Tevfik has retired from the majority of his Bayrock Group responsibilities, he is still an important advisor.


Homepage: https://www.bayrock.com/