Notes

Tevfik and Donald Trump partner to build Trump Soho

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

Tevfik Arif came from Kazakhstan to America with the intention of establishing an effective real estate company. He knew the potential of Trump and partnered in the venture along with his family. This enabled Tevfik Arif and his company, called the Bayrock Group, to lead a world-renowned real estate project: the Trump Soho building.

This article will explain the ways in which Donald Trump and Tevfik Amir have collaborated to build the luxurious Trump Soho Building.

Tevfik's early years in Kazakhstan
Tevfik Arif was a postwar child that was raised in the Kazakh SSR's conservative family. He was a brilliant kid who was always eager to study, despite the restrictions that the war brought to the homes of people.

His academic excellence was impressive and led him to Moscow University, where he did his studies in international relations and economics.

Tevfik arif's history was built over decades of dramatic shifts that impacted the way business was carried out.

His early career was on the same path as the successful young men.

Arif was employed in the Soviet government bureaucracy. Tevfik worked for the 17-year period of the Soviet Ministry of Commerce and Trade within its Hospitality Management Department. Arif was promoted to the rank as deputy department head during his career.

It is not surprising that Arif's enthusiasm for hotel development and property management was influenced by his experience during the Soviet Union. Arif was later capable of pursuing these kinds of ventures in the private sector as a result of his knowledge.

In the early 1990s , the Soviet Union was destroyed and the industry was privatized. Many entrepreneurs seized this opportunity to invest in and gain access to the emerging economy.

Arif and his brothers from his father invested in natural resources in Kazakhstan and the former Soviet republics.

Arif created partnerships and businesses to further his interests. Eventually, he would expand his business into the automobile and food sectors.

Tevfik Arif Bayrock 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 company and be closer to his American family. Bayrock Group is a New York City company that develops luxurious real estate.

Bayrock's early projects were many despite Arif's efforts to establish connections and to understand local markets.

Then he turned his concentration to Manhattan's highly coveted real estate market. Arif was both an experienced investor as well as a businessman, and was able to deal with the pressures of New York's real estate market.

Bayrock Group was initially able to complete small-to-medium-sized construction projects in New York. For instance, the Bayrock Group revamped Loehmann's Seaport Plaza in Brooklyn’s Sheepshead area..

Tevfik Arif grew more ambitious after the success of Bayrock Group. To concentrate the company's efforts on bigger projects, he made the decision to alter the company's strategy.

Bayrock Group relocated its headquarters from Fifth Avenue to the Trump Tower, New York City as part of his new plan.

It was perfect to the Trump Organization that resulted in more significant benefits than any other industry. This was the home of one of the most well-known family-owned businesses in the history of the world.

Donald Trump and Tevfik's Bayrock Group became business partners
It is rare for Kazakhstani immigrants to establish successful business in America. Tevfik Arki is one of the most important Kazakh figures.

He was an undergraduate student who was experimenting with many strategies for business before becoming one of Donald Trump's business associates.

Tevfik arif as well as the Bayrock Group met members of the Trump Organization at the Trump Tower.

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

The project located in Soho was already in development with Bayrock Group and the Sapir Organization. But, they believed the Trump Organization could increase brand visibility and prestige.

Tevfik Alif developed a plan to offer Trump Organization 18% equity at the Soho property. The building would also bear the Trump name in exchange.

Bayrock Group hired world-renowned interior designers to decorate the building, while Handel Architects designed the building.

Handel Architects, a world leader in design and architecture is acknowledged worldwide.

The projects of the firm include the Ritz-Carlton Hotel in Washington, D.C., as well as the September 11th National Memorial, New York City.

Fendi Casa pieces were donated by Rockwell Group to Trump Soho.

The Rockwell Group also has an impressive portfolio, similar to Handel Architects. Some of its clients include luxury hotels as well as fine dining establishments, as well as casinos.

tevfik arif & donuld trump The agreement was reached between Bayrock Group, Sapir Organization and Trump Organization. Construction work on Trump Soho could commence in the year 2006.

Donald Trump and Tevfik Atif's relationship following the Soho projects
Following the success of Trump Soho, the Bayrock Group and Trump Organization are planning to collaborate on additional real estate projects. These other realty projects are mainly located in Arizona and Florida.

Tevfik Arif Donuld Trump The global financial crisis that struck the world in 2008 caused a negative effect on business plans for Bayrock Group, the Bayrock Group, and the Trump Organization.

So, Tevfik Arif returned to Europe and Central Asia because of a shifting market in the United States.

Bayrock His studies have provided him with vast knowledge of tourism, real estate and real-estate. He also used this knowledge when he relocated to Turkey to begin a new company in 1993.

Tevfik Arif Tevfik Arif, an early pioneer of all-inclusive resorts opened the Labada Luxury Hotel in Antalya.

He achieved more impressive feats in Europe/Central Asia over the next eight years. Then he left the Atlantic to enter the American market.

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

In the last few years, Bayrock Group was not involved in any US realty development projects.

Tevfik arif has been relieved of most of his Bayrock Group responsibilities but he is still highly appreciated as advisor.


Website: http://alleurasia.com/user/tevfik.arifevrp066/