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Tevfik Arif cool blog 7115
Monday, 5 August 2019
Skyrise Miami’s Developers Can Take a Page from Bayrock’s Tevfik Arif

Relying on experience and expertise gained through early business ventures, Tevfik Arif established became a successful international real estate investor and property developer.

Tevfik Arif is a Turkish-Kazakh businessman who is most well-known in the United States for his business ventures in New York City Bayrock real estate and his partnership with Donald Trump before he became president.

After Donald Trump won the election, the American public became increasingly interested in his earlier business relationships, including his deals with foreign businessmen like Tevfik Arif. The mystery Tevfik Arif Bayrock, Donald Trump, Tevfik Arif surrounding some of these individuals often led to exaggerated claims and assumptions about their past, motivations and character.

Some became unwilling players in a constructed narrative that threatened to damage their reputation and upend their business ambitions. While not much may be publicly known about Tevfik Arif, he built a successful international business enterprise based in Central Asia and Europe before expanding his interests to the United States.

Early Years

Tevfik Arif, who is also known as Tofik Arifov, was born in 1953 to Turkish parents living in the former Soviet Union, in what would become the modern-day country of Kazakhstan. He was born the second son of four boys. While not much is known about his early years or family life, as he has preferred to keep his personal life private, it is reasonable to assume that his ambitious character and entrepreneurial work ethic was influenced by his experiences growing up.

Education

Arif earned a bachelor’s degree in international relations from the Moscow Institute of Trade and Economics, demonstrating an interest in business and global trade systems. Upon graduating, Arif began working in the public sector. His respected career as a civil servant spanned 17 years. During that time, he served as chief economist and deputy director of the food and hospitality department of the Soviet Union’s Government Ministry of Trade. His studies in international relations and his work in the government ministry provided Arif with a wealth of knowledge and experience that would later guide him in the private sector.

Early Business Ventures

Arif ended his career as a civil servant in 1991 when he left the ministry during the dissolution of the Soviet Union. He turned his interests to the business world where the privatization of enterprises and property during the economic restructuring of the former Soviet republics was underway.

His former position in the government had provided Arif with an opportunity to network and collaborate with several business leaders and government officials. These valuable skills and connections enabled him to expand his business interests. This included the acquisition of the Akytyubinsk Chromium Chemicals Plant (ACCP), a chromium plant located in Kazakhstan – a joint venture between Arif and his brother.

Arif’s global business began in the natural resource sector. In addition to the chromium plant, Arif founded the Specialty Chemicals Trading Company whose operations handled the import and export of metals and raw materials. He would continue his work in the natural resources field in numerous management, investment and supervisorial roles, including as a representative for Trans World Group – a commodity training company that was one of the largest of its kind in the world at one point.

Real Estate Investment and Luxury Property Development

His early success demonstrated his ability to operate in a high-stakes industry, negotiating complex deals and partnerships with powerful business leaders and building a global enterprise. In addition to his operations in raw materials and natural resources, Arif began pursuing real estate investment and property management – more specifically in luxury residential and hotel development. Many of his early investment and development projects were located across the Central Asian region – in Turkey, Azerbaijan and Kazakhstan. One of his early real estate ventures included the development and construction of the luxury Labada Hotel in Antalya, Turkey. Finding success in real estate investment, Arif looked to expand his interests to other lucrative markets.

Arif founded the New York City real estate investment firm Bayrock Group LLC in 2001. The competitive American market offered a challenge to the seasoned and savvy investor. One of the first projects completed by Bayrock was the development and expansion of Loehmann’s Seaport Plaza, a shopping center located in Sheepshead Bay Brooklyn.

Many of Bayrock’s first projects were small as Arif build his network of connections and understanding of the local market. He soon set his sights on the more prestigious Manhattan real estate market. While New York real estate can be quite intimidating, especially to outsiders, Arif was a seasoned investor and business entrepreneur.

He relocated Bayrock’s offices to Trump Tower, located in the heart of Manhattan. This proximity to Donald Trump, whose own offices were located in the building, quickly led to the development of a working relationship between the two companies.

In 2006, Bayrock and the Trump Organization announced a deal to build Trump SoHo, a 46-story, 391-room luxury hotel and condominium complex. The building would be developed and built by Bayrock in partnership with the Sapir Organization, led by Tamir Sapir – a self-made billionaire, under a licensing and operating agreement with the Trump Organization. Under the agreement, Trump did not invest any capital in the development of Trump SoHo tower, which was completed in 2008, instead, the developers licensed the Trump brand to raise the profile of the project to attract investors and property Doyen buyers.

Bayrock and the Trump Organization originally had plans for property developments under similar licensing agreements in Florida and Arizona, but the working relationship between Bayrock and Trump ended with the housing market collapse in 2008. During this time, Arif began shifting his interests away from the American real estate market and back to Europe and Central Asia.

Arif’s leadership skills, connections, experience and extensive knowledge of international business relations have enabled Tevfik Arif to Tevfik Arif Bayrock build an extensive international enterprise.

Today, Arif has partially retired, however, he maintains an advisory role in his family’s global business operations. He has turned his interests to his personal and charitable endeavors including donations to local organizations providing vital community services.

Article Source:

https://baltimorepostexaminer.com/all-about-tevfik-arif-and-bayrock-group-beyond-donald-trump-and-trump-soho/2019/07/15


Posted by tevfikarifdoyentwvv664 at 4:17 PM EDT
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Sunday, 4 August 2019
Skyrise Miami’s Developers Can Take a Page from Bayrock’s Tevfik Arif

Relying on experience and expertise gained through early business ventures, Tevfik Arif established became a successful international real estate investor and property developer.

Tevfik Arif is a Turkish-Kazakh businessman who is most well-known in the United States for his business ventures in New York City real estate and his partnership with Donald Trump before he became president.

After Donald Trump won the election, the American public became increasingly interested in his earlier business relationships, including his deals with https://baltimorepostexaminer.com/all-about-tevfik-arif-and-bayrock-group-beyond-donald-trump-and-trump-soho/2019/07/15 foreign businessmen like Tevfik Arif. The mystery surrounding some of these individuals often led to exaggerated claims and assumptions about their past, motivations and character.

Some became unwilling players in a constructed narrative that threatened to damage their reputation and upend their business ambitions. While not much may be publicly known about Tevfik Arif, he built a successful international business enterprise based in Central Asia and Europe before expanding his interests to the United States.

Early Years

Tevfik Arif, who is also known as Tofik Arifov, was born in 1953 to https://www.dwell.com/collection/tevfik-arif-theguardian.com-57fba550 Turkish parents living in the former Soviet Union, in what would become the modern-day country of Kazakhstan. He was born the second son of four boys. While not much is known about his early years or family life, as he has preferred to keep his personal life private, it is reasonable to assume that his ambitious character and entrepreneurial work http://baltimorepostexaminer.com/football-leaks-hacker-facing-extradition-for-attempted-extortion-of-tevfik-arif-and-doyen-sports/2019/02/18 ethic was influenced by his experiences growing up.

Education

Arif earned a bachelor’s degree in international relations from the Moscow Institute of Trade and Economics, demonstrating an interest in business and global trade systems. Upon graduating, Arif began working in the public sector. His respected career as a civil servant spanned 17 years. During that time, he served as chief economist and deputy director of the food and hospitality department of the Soviet Union’s Government Ministry of Trade. His studies in international relations and his work in the government ministry provided Arif with a wealth of knowledge and experience that would later guide him in the private sector.

Early Business Ventures

Arif ended his career as a civil servant in 1991 when he left the ministry during the dissolution of the Soviet Union. He turned his interests to the business world where the privatization of enterprises and property during the economic restructuring of the former Soviet republics was underway.

His former position in the government had provided Arif with an opportunity to network and collaborate with several business leaders and government officials. These valuable skills and connections enabled him to expand his business interests. This included the acquisition of the Akytyubinsk Chromium Chemicals Plant (ACCP), a chromium plant located in Kazakhstan – a joint venture between Arif and his brother.

Arif’s global business began in the natural resource sector. In addition to the chromium plant, Arif founded the Specialty Chemicals Trading Company whose operations handled the import and export of metals and raw materials. He would continue his work in the natural resources field in numerous management, investment and supervisorial roles, including as a representative for Trans World Group – a commodity training company that was one of the largest of its kind in the world at one point.

Real Estate Investment and Luxury Property Development

His early success demonstrated his ability to operate in a high-stakes industry, negotiating complex deals and partnerships with powerful business leaders and building a global enterprise. In addition to his operations in raw materials and natural resources, Arif began pursuing real estate investment and property management – more specifically in luxury residential and hotel development. Many of his early investment and development projects were located across the Central Asian region – in Turkey, Azerbaijan and Kazakhstan. One of his early real estate ventures included the development and construction of the luxury Labada Hotel in Antalya, Turkey. Finding success in real estate investment, Arif looked to expand his interests to other lucrative markets.

Arif founded the New York City real estate investment firm Bayrock Group LLC in 2001. The competitive American market offered a challenge to the seasoned and savvy investor. One of the first projects completed by Bayrock was the development and expansion of Loehmann’s Seaport Plaza, a shopping center located in Sheepshead Bay Brooklyn.

Many of Bayrock’s first projects were small as Arif build his network of connections and understanding of the local market. He soon set his sights on the more prestigious Manhattan real estate market. While New York real estate can be quite intimidating, especially to outsiders, Arif was a seasoned investor and business entrepreneur.

He relocated Bayrock’s offices to Trump Tower, located in the heart of Manhattan. This proximity to Donald Trump, whose own offices were located in the building, quickly led to the development of a working relationship between the two companies.

In 2006, Bayrock and the Trump Organization announced a deal to build Trump SoHo, a 46-story, 391-room luxury hotel and condominium complex. The building would be developed and built by Bayrock in partnership with https://whatsonthorold.com/2019/03/01/bayrock-financial-development-filing-gary-j-kovner-released-mar-1-form-d/ the Sapir Organization, led by Tamir Sapir – a self-made billionaire, under a licensing and operating agreement with the Trump Organization. Under the agreement, Trump did not invest any capital in the development of Trump SoHo tower, which was completed in 2008, instead, the developers licensed the Trump brand to raise the profile https://newswire.net/newsroom/pr/00108133-ronald-perelman-lev-leviev-and-tevfik-arif-among-wealthy-donors-to-the-chabad-movement.html of the project to attract investors and property buyers.

Bayrock and the Trump Organization originally had plans for property developments under similar licensing agreements in Florida and Arizona, but the working relationship between Bayrock and Trump ended with the housing market collapse in 2008. During this time, Arif began shifting his interests away from the American real estate market and back to Europe and Central Asia.

Arif’s leadership skills, connections, experience and extensive knowledge of international business relations have enabled Tevfik Arif to build an extensive international enterprise.

Today, Arif has partially retired, however, he maintains an advisory role in his family’s global business operations. He has turned his interests to his personal and charitable endeavors including donations to local organizations providing vital community services.

Article Source:

https://baltimorepostexaminer.com/all-about-tevfik-arif-and-bayrock-group-beyond-donald-trump-and-trump-soho/2019/07/15


Posted by tevfikarifdoyentwvv664 at 10:57 AM EDT
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Saturday, 27 July 2019
All About Tevfik Arif and Bayrock Group – Beyond Donald Trump and Trump SoHo

Relying on experience and expertise gained through early business ventures, Tevfik Arif established became a successful international real estate investor and property developer.

Tevfik Arif is a Turkish-Kazakh businessman who is most well-known in the United States for his business ventures in New York City real estate and his partnership with Donald Trump before he became president.

After Donald Trump won the election, the American public became increasingly interested in his earlier business relationships, including his deals with foreign businessmen like Tevfik Arif. The mystery surrounding some of these individuals often led to exaggerated claims and assumptions about their past, motivations and character.

Some became unwilling players in a constructed narrative that threatened to damage their reputation and upend their business ambitions. While not much may be publicly known about Tevfik Arif, he built a successful international business enterprise based in Central Asia and Europe before expanding his interests to the United States.

Early Years

Tevfik Arif, who is also known as Tofik Arifov, was born in 1953 to Turkish parents living in the Tevfik Arif Bayrock former Soviet Union, in what would become the modern-day country of Kazakhstan. He was born the second son of four boys. While not much is known about his early years or family life, as he has preferred to keep his personal life private, it is reasonable to assume that his ambitious character and entrepreneurial work ethic was influenced by his experiences growing up.

Education

Arif earned a bachelor’s degree in international relations from the Moscow Institute of Trade and Economics, demonstrating an interest in business and global trade systems. Upon graduating, Arif began working in the public sector. His respected career as Tevfik Arif a civil servant spanned 17 years. During that time, he served as chief economist and deputy director of the food and hospitality department of the Soviet Union’s Government Ministry of Trade. His studies in international relations and his work in the government ministry provided Arif with a wealth of knowledge and experience that would later guide him in the private sector.

Early Business Ventures

Arif ended his career as a civil servant in 1991 when he left the ministry during the dissolution of the Soviet Union. He turned his interests to the business world where the privatization of enterprises and property during the economic restructuring of the former Soviet republics was underway.

His former position in Bayrock, Donald Trump, Tevfik Arif the government had provided Arif with an opportunity to network and collaborate with several business leaders and government officials. These valuable skills and connections enabled him to expand his business interests. This included the acquisition of the Akytyubinsk Chromium Chemicals Plant (ACCP), a chromium plant located in Kazakhstan – a joint venture between Arif and his brother.

Arif’s global business began in the natural resource sector. In addition to the chromium plant, Arif founded the Specialty Chemicals Trading Company whose operations handled the import and export of metals and raw materials. He would continue his work in the natural resources field in numerous Bayrock management, investment and supervisorial roles, including as a representative for Trans World Group – a commodity training company that was one of the largest of its kind in the world at one point.

Real Estate Investment and Luxury Property Development

His early success demonstrated his ability to operate in a high-stakes industry, negotiating complex deals and partnerships with powerful business leaders and building a global enterprise. In addition to his operations in raw materials and natural resources, Arif began pursuing real estate investment and property management – more specifically in luxury residential and hotel development. Many of his early investment and development projects were located across the Central Asian region – in Turkey, Azerbaijan and Kazakhstan. One of his early real estate ventures included the development and construction of the luxury Labada Hotel in Antalya, Turkey. Finding success in real estate investment, Arif looked to expand his interests to other lucrative markets.

Arif founded the New York City real estate investment firm Bayrock Group LLC in 2001. The competitive American market offered a challenge to the seasoned and savvy investor. One of the first projects completed by Bayrock was the development and expansion of Loehmann’s Seaport Plaza, a shopping center located in Sheepshead Bay Brooklyn.

Many of Bayrock’s first projects were small as Arif build his network of connections and understanding of the local market. He soon set his sights on the more prestigious Manhattan real estate market. While New York real estate can be quite intimidating, especially to outsiders, Arif was a seasoned investor and business entrepreneur.

He relocated Bayrock’s offices to Trump Tower, located in the heart of Manhattan. This proximity to Donald Trump, whose own offices were located in the building, quickly led to the development of a working relationship between the two companies.

In 2006, Bayrock and the Trump Organization announced a deal to build Trump SoHo, a 46-story, 391-room luxury hotel and condominium complex. The building would be developed and built by Bayrock in partnership with the Sapir Organization, led by Tamir Sapir – a self-made billionaire, under a licensing and operating agreement with the Trump Organization. Under the agreement, Trump did Doyen not invest any capital in the development of Trump SoHo tower, which was completed in 2008, instead, the developers licensed the Trump brand to raise the profile of the project to attract investors and property buyers.

Bayrock and the Trump Organization originally had plans for property developments under similar licensing agreements in Florida and Arizona, but the working relationship between Bayrock and Trump ended with the housing market collapse in 2008. During this time, Arif began shifting his interests away from the American real estate market and back to Europe and Central Asia.

Arif’s leadership skills, connections, experience and extensive knowledge of international business relations have enabled Tevfik Arif to build an extensive international enterprise.

Today, Arif has partially retired, however, he maintains an advisory role in his family’s global business operations. He has turned his interests to his personal and charitable endeavors including donations to local organizations providing vital community services.

Article Source:

https://baltimorepostexaminer.com/all-about-tevfik-arif-and-bayrock-group-beyond-donald-trump-and-trump-soho/2019/07/15


Posted by tevfikarifdoyentwvv664 at 7:07 PM EDT
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Friday, 26 July 2019
All About Tevfik Arif and Bayrock Group – Beyond Donald Trump and Trump SoHo

Relying on experience and expertise gained through early business ventures, Tevfik Arif established became a successful international real estate investor and property developer.

Tevfik Arif is a Turkish-Kazakh businessman who is most well-known in the United States for his business ventures in New York City real estate and his partnership with Donald Trump before he became president.

After Donald Trump won the election, the American public became increasingly interested in his earlier business relationships, including his deals with foreign businessmen like Tevfik Arif. The mystery surrounding some of these individuals often led to exaggerated claims and assumptions about their past, motivations and character.

Some became unwilling players in a constructed narrative that threatened to damage their reputation and upend their business ambitions. While not much may be publicly known about Tevfik Arif, he built a successful international business enterprise based in Central Asia and Europe before expanding his interests to the United States.

Early Years

Tevfik Arif, who is also known as Tofik Arifov, was born in 1953 to Turkish parents living in the former Soviet Union, in what would become the modern-day country of Kazakhstan. He was born the second son of four boys. While not much is known about his early years or family life, as he has preferred to keep his personal life private, it is reasonable to assume that his ambitious character and entrepreneurial work ethic was influenced by his experiences growing up.

Education

Arif earned a bachelor’s degree in international relations from the Moscow Institute of Trade and Economics, demonstrating an interest in business and global trade systems. Upon graduating, Arif began working in the public sector. His respected career as a civil servant spanned 17 years. During that time, he served as chief economist and deputy director of the food and hospitality department of the Soviet Union’s Government Ministry of Trade. His studies in international relations and his work in the government ministry provided Arif with a wealth of knowledge and experience that would later guide him in the private sector.

Early Business Ventures

Arif ended his career as a civil servant in 1991 when he left the ministry during the dissolution of the Soviet Union. He turned his interests to the business world where the privatization of enterprises and property during the economic restructuring of the former Soviet republics was underway.

His former position in the government had provided Arif with an opportunity to network and collaborate with several business leaders and government officials. These valuable skills and connections enabled him to expand his business interests. This included the acquisition of the Akytyubinsk Chromium Chemicals Plant https://baltimorepostexaminer.com/all-about-tevfik-arif-and-bayrock-group-beyond-donald-trump-and-trump-soho/2019/07/15 (ACCP), a chromium plant located in Kazakhstan – a joint venture between Arif and his brother.

Arif’s global business began in the natural resource sector. In addition to the chromium plant, Arif founded the Specialty Chemicals Trading Company whose operations handled the import and export of metals and raw materials. He would continue his work in the natural resources field in numerous management, investment and supervisorial roles, including as a representative for https://republic.co/tevfik-arif-newsblaze Trans World Group – a commodity training company that was one of the largest of its kind in the world at one point.

Real Estate Investment and Luxury Property Development

His early success demonstrated his ability to operate in a high-stakes industry, negotiating complex deals and partnerships with powerful business leaders and building a global enterprise. In addition to his operations in raw materials and natural resources, Arif began pursuing real estate investment and property management – more specifically in luxury residential and hotel development. Many of his early investment and development projects were located across the Central Asian region – in Turkey, Azerbaijan and Kazakhstan. One of his early real estate ventures included the development and construction of the luxury Labada Hotel in Antalya, Turkey. Finding success in real estate investment, Arif looked to expand his interests to other lucrative markets.

Arif founded the New York City real estate investment firm Bayrock Group LLC in 2001. The competitive American market offered a challenge to the seasoned and savvy investor. One of the first projects completed by Bayrock was the development and expansion of Loehmann’s Seaport Plaza, a shopping center located in Sheepshead Bay Brooklyn.

Many of Bayrock’s first projects were small as Arif build https://www.dwell.com/collection/tevfik-arif-theguardian.com-57fba550 his network of connections and understanding of the local market. He soon set his sights on the more prestigious Manhattan real estate market. While New York real estate can be quite intimidating, especially to outsiders, Arif was a seasoned investor and business entrepreneur.

He relocated Bayrock’s offices to Trump Tower, located in the heart of Manhattan. This proximity to Donald Trump, whose own offices were located in the building, quickly led to the development of a working relationship between the two companies.

In 2006, Bayrock and the Trump Organization announced a deal to build Trump SoHo, a 46-story, 391-room luxury hotel and condominium complex. The building would be developed and built by Bayrock in partnership with the Sapir Organization, led by Tamir Sapir – a self-made billionaire, under a licensing and operating agreement with the Trump Organization. Under the agreement, Trump did not invest any capital in the development of Trump SoHo tower, which was completed in 2008, instead, the developers licensed the Trump brand to raise the profile of the project to attract investors and property buyers.

Bayrock and the Trump Organization originally had plans for property developments under similar licensing agreements in Florida and Arizona, but the working relationship between Bayrock and Trump ended with the housing market collapse in 2008. During this time, Arif began shifting his interests away from the American real estate market and back to Europe and Central Asia.

Arif’s leadership skills, connections, experience and extensive knowledge of international business relations have enabled Tevfik https://newswire.net/newsroom/pr/00108133-ronald-perelman-lev-leviev-and-tevfik-arif-among-wealthy-donors-to-the-chabad-movement.html Arif to build an extensive international enterprise.

Today, Arif has http://baltimorepostexaminer.com/football-leaks-hacker-facing-extradition-for-attempted-extortion-of-tevfik-arif-and-doyen-sports/2019/02/18 partially retired, however, he maintains an advisory role in his family’s global business operations. He has turned his interests to his personal and charitable endeavors including donations to local organizations providing vital community services.

Article Source:

https://baltimorepostexaminer.com/all-about-tevfik-arif-and-bayrock-group-beyond-donald-trump-and-trump-soho/2019/07/15


Posted by tevfikarifdoyentwvv664 at 12:37 PM EDT
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Wednesday, 24 July 2019
Inside Tevfik Arif: The International Property Developer Behind Donald Trump’s SoHo Tower

Demonstrating great perseverance and ambition, international entrepreneur and investor,Tevfik Arif, has built a global business empire.

When Tevfik Arif set his sights on New York City, he relied heavily on his experience as a global business entrepreneur to establish a foothold in the city’s competitive real estate market. The Turkish-Kazakh industrialist and property investor had already established himself in Europe and Central Asia, but the US Tevfik Arif Bayrock market offered a new challenge for the seasoned businessman.

tevfik arif property developer behind trumps soho tower

He understood that in order to succeed, he would have to build relationships with leaders in business and politics, who would provide access to investment opportunities, offer an abundance of advice and enable him to pursue his business ambitions. Arif’s education and former work in the public sector had taught him the value of networking and the importance of cultivating alliances with powerful figures.

Tevfik Arif’s Early Years

Tevfik Arif was born in 1953 to Turkish parents in the Former Soviet Republic of Kazakhstan. He is the second oldest in a family of four sons. He earned a degree in international relations from the Moscow Institute of Trade and Economics.

Upon completing his studies, Arif began his career working within the government’s Hotel Management Department, a Tevfik Arif division of the Soviet Union’s Ministry of Commerce and Trade. He served as the division’s chief economist before being promoted to the role of deputy head of the department. In total, he spent 17 years working for the government of the Former Soviet Union.

In addition to the vast connections he made through his work in the government ministry, Arif gained a wealth of knowledge about luxury property and hotel management. He would later pursue business ventures in the sector including the development of a luxury hotel and resort in Turkey.

Arif Enters the Business World

In 1991, Arif left the public sector to pursue private business interests. At that time, there was widespread privatization of industry and property during the dissolution of the Soviet Union. Arif and his brother capitalized on this opportunity and acquired assets in the raw metals and natural resources sector.

Arif and his brother became Bayrock the owners and operators of a chromium plant, Aktyubinsk Chromium Chemicals Plant (ACCP), located near Aktobe, Kazakhstan. The plant has become a world-leading producer of chromium. The city of Aktobe is a hub of Central Asia’s mining industry. A third of the world’s chromium, which is an essential ingredient in the production of stainless steel, is mined and refined in the region.

Arif held advisory and management positions for other companies operating in mining, metals and natural resources. He also founded the Specialty Chemicals Trading Company, an import/export firm specializing in chemicals and other raw materials, further expanding his presence in the sector. These businesses would serve as the foundation of Arif’s ambitious plans to develop luxury properties around the world.

Tevfik Arif’s Real Estate Developments

His early real estate development investments were focused primarily in Central Asia – in Kazakhstan, Azerbaijan and Turkey. In 2001, Arif established Bayrock Group LLC – a new property investment, development and management firm – in New York City. The firm’s early projects were small to mid-scale commercial properties and included a shopping center located in the Sheepshead Bay neighborhood of Brooklyn.

real estate investments developments

Soon, Arif began looking for opportunities to grow Bayrock Group into a prominent fixture of the New York City luxury property market. The firm established an office in the iconic Trump Tower located on Fifth Avenue in Midtown Manhattan. This close proximity to the Trump Organization soon led to the development of a working relationship between the two firms.

Bayrock began negotiations with Donald Trump’s Organization to develop and build a high-class luxury hotel-condominium complex in Manhattan. The Trump SoHo tower – which was announced in an episode of Trump’s television show, The Apprentice – would be built by Bayrock and their partner the Sapir Organization under a licensing and operating agreement with the Trump Organization. Tamir Sapir, the leader of Sapir Organization and a self-made billionaire immigrant from Georgia, was a powerful financier that Arif had established a business alliance with.

Under this agreement, Trump would not contribute his own capital to the tower’s construction, but the group would pay Trump for the use of his name – a symbol of luxury – and pay the organization for the management and operation of the finished complex. The Trump SoHo Tower cost around $450 million to construct and was completed in 2008. The final complex features 391 units and stands 46 stories high.

After Trump SoHo

Bayrock Group and the Trump Organization pursued additional development projects under similar licensing terms in Florida and Arizona, however, these projects Doyen were never completed. The downturn in the property market in 2008 led Bayrock and Trump to end their working relationship.

Today, Tevfik Arif has retired from the daily operations from his family’s company. However, he remains an important advisor on business and strategy. He has also made contributions to charitable causes that cater to local communities and promote public health.

Arif has always been a private person, preferring to stay out of the spotlight. Throughout his career, he has tried to his business connections to help his family, friends and community. From his early years growing up in Soviet Kazakhstan to the world of luxury real estate in New York City, Arif has been an ambitious individual, demonstrating the perseverance necessary to succeed in competitive business markets.

Arif has expanded his business across international borders. His companies span Tevfik Arif & Donald Trump multiple diverse industries including mining, natural resources, commodities trading, sports, construction, property investment and development, and real estate.

Article Source:

http://www.newsflashing.com/headline/tevfik-arif-property-developer-behind-trumps-soho-tower


Posted by tevfikarifdoyentwvv664 at 1:21 PM EDT
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