Notes

Tevfik arif as well as Donald Trump are partners in building the Trump Soho

The New York-based company Bayrock Group was founded in 2001 by Turkish-Kazakh businessman Tevfik Arif. The company specializes in developing luxurious properties. One of its most well-known customers is Donald Trump.

Tevfik Arif came from Kazakhstan to the USA with the intent to start his own real estate business. He understood the influence of Trump and joined the venture along with his family. This enabled Tevfik Arif as well as his company, called Bayrock Group Bayrock Group, to lead a world-renowned real estate project that is the Trump Soho building.

This article will describe the way Donald Trump teamed up with Tevfik and Arif in the construction of the Trump Soho building.

Tevfik Atif's early life as well as his experiences in Kazakhstan
Tevfik Arif was born post-war and grew up in the conservative family of the Kazakh SSR. He was a talented boy who loved to study, regardless of all the restrictions war brought to families.

He was a remarkable academic accomplishment that brought him to Moscow University. There he did his studies in economics as well as 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 the same path as the generation of successful, young, and aspiring young men.

Arif was employed by the Soviet government bureaucracy. The Soviet Ministry of Commerce and Trade employed Tevfik Arif for 17 years as a member of the Hospitality Management Department. In his time, he held several posts, eventually rising to the position of deputy department director.

It is not surprising that Arif's passion for property management and hotel development was influenced by his experience in the Soviet Union. Arif would eventually be able do similar things in the private sector thanks to his experience.

The Soviet Union collapsed in the early 1990s. The industry was then privatized. Many people were looking to join the new economy by investing and acquisitions.

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

Arif also developed other companies and partnerships to expand his interest in the sector. His business eventually expanded into the automotive and food sectors.

Tefvik Arif Tefvik Arif New York realty: the Bayrock Group
In the year 2001, Tevfik Arif moved to America to grow his business and be closer to his American family. Bayrock Group is a New York City firm that creates high-end real estate.

The first projects of Bayrock were usually small despite Arif trying to comprehend the market and develop his connections.

His main focus shifted to Manhattan's prestigious real estate market. Arif was, despite New York City's intimidating realty market, was an experienced investor, who was an entrepreneur in business enough to handle the pressure.

At first, Bayrock Group executed small to medium-sized construction projects in New York. For instance, the Bayrock Group renovated Loehmanns Seaport Plaza in Brooklyn’s Sheepshead Region.

After the success of Bayrock Group, Tevfik Arif became increasingly ambitious. To ensure that the company was focused on the most important projects he altered its strategy.

Bayrock Group, as part of its strategy for change relocated its headquarters from Fifth Avenue to New York City .

Since the move put the company in the vicinity of the Trump Organization It has yielded greater benefits than other location. Tevfik Arif Bayrock One of the most renowned family organizations was located in the same building.

Donald Trump and Tevfik's Bayrock Group became business partners
There aren't a lot of immigrants from Kazakhstan that have created successful businesses in the US. Tevfik Alif is a notable Kazakh persona.

He tried many different business strategies from the time when he was a young man, and eventually became Donald Trump's business partner.

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

https://www.realtytoday.com/articles/111086/20191007/who-is-tevfik-arif-achieving-success-in-business-and-real-estate.htm Bayrock Group, owing to these business ties included the Trump Organization on a project in New York City's Soho District.

Bayrock Group and Sapir Organization were already working on a project in Soho. They believed that the Trump Organization could bring some brand recognition and credibility.

Tevfik Arif drafted a plan to grant the Trump Organization 18% equity in the Soho building. In exchange, Trump would brand the construction.

Bayrock Group hired a team of world-renowned interior design experts to design the interior of the building. Handel Architects created the design.

In the field of architecture and design, Handel Architects is recognized as a global leader with experience across the globe.

Some of the company's projects include the RitzCarlton hotel in Washington, D.C., New York City, and the September 11th National Memorial.

Bayrock Fendi Casa pieces were provided for Trump Soho by the design and architecture company Rockwell Group.

The Rockwell Group also has an impressive portfolio, similar to Handel Architects. Tevfik Arif Bayrock Many high-end hotels and fine dining establishments are just a few of the numerous clients that this company has.

The deal was signed by the Trump Organization, Bayrock Group and the Sapir Organization. Construction of Trump Soho could start in the year 2006.

Following the Soho Project, Tevfik Aif and Donald Trump have a relationship.
tevfik arif & donuld trump Trump Organization and Bayrock Group will collaborate on additional real estate projects following Trump Soho’s successful opening. The other real estate projects are mainly located in Arizona or Florida.

The global financial crisis which hit the globe in 2008 has hampered the plans of both the Bayrock Group as well as the Trump Organization.

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

He has extensive tourism and real estate experience which he gained during his studies. It also proved helpful when he relocated to Turkey in 1993 to begin an entirely new business.

Tevfik Arif was the founder of the Labada luxury resort in Antalya. He quickly established himself as a top performer in all-inclusive resorts.

He was able to boast eight more years of impressive accomplishments throughout Europe as well as Central Asia, before he crossed the Atlantic to dominate America's market.

Bayrock Group, while it was operating in the United States, invested $2.5 million in real property assets.

Since the last few years, Bayrock Group is not involved in any US real property development.

Tevfik Aif has quit Bayrock Group but he remains an important advisor.


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