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Tevfik arif as well as Donald Trump are partners in creating the Trump Soho Bayrock Group, a New York-based firm created by Tevfik Amir who was who is a Turkish-Kazakh businessman. Tevfik Arif Bayrock The company specializes in developing luxury properties, and one of its most well-known clients is Donald Trump. Tevfik Alif left Kazakhstan to start a successful real estate business. He acknowledged the influence of the Trump name and formed a partnership with the Trump family. This enabled Tevfik arif and his Bayrock Group firm to tackle a world-renowned building in real estate, the Trump Soho building. This article will detail the cooperation between Donald Trump, Tevfik Arif, and others to build the Trump Soho luxury building. Tevfik Aif's early years in Kazakhstan Tevfik arif was born after the war and was part of the Kazakh family of the SSR. He was a gifted child, who enjoyed studying despite all the restrictions placed on his family by the war. His outstanding academic accomplishments led him to Moscow University, where he studied economics and international relations. Tevfik Arif's professional career has spanned decades and has seen major changes in business methods. His early career path was a familiar one to young, successful, and aspiring young men his age. Arif was employed by the Soviet government bureaucracy. Tevfik Alif was employed over 17 years by the Soviet Ministry of Commerce and Trade as a member of the Hospitality Management Department. Arif held a variety of roles throughout his career, and eventually was promoted to the post of deputy director. The Soviet government was an excellent opportunity to gain knowledge about hotel management and property development. Arif will eventually be able do exactly the same thing in the private sector thanks to his experience. In the beginning of 1990s, the Soviet Union collapsed, and the sector was privatized. Numerous entrepreneurs seized this chance to invest and acquire in the new economy. Tevfik Arif Arif and his brothers from his father invested in the natural resources of Kazakhstan and in the former Soviet republics. Tevfik Arif Arif then furthered his interests in the industry by developing other companies and partnerships. Then, he'd expand his business to include the automobile and food sectors. Tefvik Arif - New York realty: the Bayrock Group In the year 2001, Tevfik Arif moved to America to expand his business and to be close to his American family. Bayrock Group in New York City was his first venture. It develops luxurious residential real estate. Many of Bayrock's first projects were not as big despite Arif's efforts develop his connections and understand the market in his area. https://www.crunchbase.com/person/tevfik-arif His main focus shifted to Manhattan's highly regarded real estate market. Arif was able to manage the pressure, despite the daunting real market. Bayrock Group started out with small to medium-sized New York project. A prime example of this is the redevelopment of Loehmann's Seaport Plaza, Brooklyn's Sheepshead neighborhood. Tevfik Arif was driven by Bayrock Group's success. He decided to change the company's strategic plan in order to concentrate its efforts on bigger projects. Bayrock Group, as part of its new strategy, moved its offices from Fifth Avenue to New York City . The company moved its headquarters to be closer to Trump Organization. This brought more benefits than any other area. It was home to one of the biggest family organisations in the world. Doyen Donald Trump and Tevfik Alif's Bayrock Group have become business partners There aren't many Kazakh immigrant entrepreneurs who have made it big in the US. Tevfik Amir is an eminent Kazakh figure that cannot be overlooked. He tried many different strategies for business since when he was a young man, and eventually became Donald Trump's business partner. Tevfik arif and the Bayrock Group met members the Trump Organization at the Trump Tower. In light of these business connections, Bayrock Group included Trump Organization into an New York City Soho project. Bayrock Group and Sapir Organization were already working on a project in Soho. However, they believed that the Trump Organization would add brand recognition and prestige. Tevfik Arif came up with a plan to give the Trump Organization 18% equity in the Soho building. Tevfik Arif Donuld Trump In return the Trump brand will be used in the name of the building. Bayrock Group hired world-renowned interior designers to design the interior as Handel Architects designed the building. In terms of design and architecture, Handel Architects is recognized as a global leader with experience across the globe. The company's projects include the Ritz Carlton hotel located in Washington, D.C., and the September 11th National Memorial in New York City. Fendi Casa pieces were donated by Rockwell Group to Trump Soho. The Rockwell Group has a long list of clients which include Handel Architects. The clients of the firm include luxury hotels, upscale restaurants and casinos. Bayrock Group, the Sapir Organization and the Trump Organization signed the agreement and the building of what would eventually become Trump Soho could begin in 2006. The connection between Tevfik and Donald Trump after the Soho project Trump Organization and Bayrock Group plan to work together on several additional real estate developments, following the launch of Trump Soho. The other real estate projects are mostly in Arizona or Florida. The global financial crisis that afflicted the world in 2008 had a negative effect on business plans of the Bayrock Group, and the Trump Organization. Due to the market's changing in the United States, Tevfik Aif decided to return to Europe and Central Asia. The vast understanding of real estate and tourism he accumulated through his studies is a testimony to this. It was also useful when he moved to Turkey in 1993 to start a new business venture. Tevfik Arif was the first to open the Labada luxury hotel in Antalya. It soon became the main source of timeless all-inclusive resorts. He achieved more impressive feats throughout Europe and Central Asia over the next eight years. After that, he made the crossing of the Atlantic to enter the American market. Bayrock Group spent $2.5million on real estate assets in the United States. In the last couple of years, Bayrock Group is not associated with any US real estate development. While Tevfik has retired from the majority of his Bayrock Group responsibilities, he is still an important advisor.
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