Tevfik Arif Revealed: The Man Behind Bayrock Group and Trump SoHo
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From rural Kazakhstan to Trump SoHo in Manhattan, Tevfik Arif has built a successful business that spans continents and industries.
Born in the Soviet Republic of https://www.reddit.com Kazakhstan to an ethnic Turkish family, Tevfik Arif ambitiously pursued his interests in international business to establish himself as a leading entrepreneur. His most prominent https://bitrebels.com/business/tevfik-arif-story-behind-bayrock-group-trump-soho/ achievement in the United States was the development of Trump SoHo by Bayrock Group, his property development and real estate firm.
Tevfik Arif from the beginning
Arif’s career was built over decades that have seen dramatic shifts in the way business is conducted. He completed his education in international relations and economics at a Moscow University. His early career took him down a familiar path for young, successful and aspiring young men of his generation, a position within the Soviet government bureaucracy.
Tevfik Arif worked for 17 years within the Hospitality Management Department of the Soviet Ministry of Commerce and Trade. He held numerous positions during his tenure, rising to deputy head of the department. There is no doubt that his time working within the Soviet government sparked an interest in hotel property development and management which he would eventually pursue in the private sector.
During the dissolution of the Soviet Union in the early 1990s and the privatization of industry that followed, many enterprising individuals seized the vast opportunities to enter the new economy through investments and business acquisitions. Arif and his brothers were among this new class of rising business entrepreneurs. They invested https://www.bocaratontribune.com/bocaratonnews/2019/11/tevfik-arif-bayrock-group-trump-connection/ in the natural resources sector of Kazakhstan and other former Soviet republics. Arif furthered his interests in the industry through the development of additional companies and partnerships, eventually, he would expand his business into the automobile and food sectors.
Pursuing a new direction in business
The success achieved through these early ventures enabled Tevfik Arif to shift his focus to pursue his passion in real estate and the tourism industry. His time as a civil servant working within the hospitality sector of the Soviet Union gave Arif a different perspective on the tourism and hotel industry.
Relying on this experience and knowledge, Arif’s first projects included the Labada hotel in Antalya and the predecessor to the Turkish hospitality & leisure firm Rixos Group. These endeavors introduced the all-inclusive luxury resort model that would eventually flourish in Turkey.
Motivated by his success in Central Asia and Europe and a desire to be closer to his family living in New York, Arif made the move to expand his real estate ventures to the United States. He founded the New York-based Bayrock Group in 2001. The company’s early projects were focused on small to mid-level developments and included the renovation of a shopping center in the Sheepshead Bay neighborhood of Brooklyn, a popular enclave for former Russian and Soviet immigrants to the city.
Bayrock Group and Trump SoHo
Growing confidence and understanding of the market would propel Arif to seek greater heights for his rising Bayrock Group. The company opened a new office space in the epicenter of Manhattan’s prestigious and competitive real estate industry within the exclusive Trump Tower.
It did not take long before Bayrock Group, a fast upstart in the industry, caught the eye of the Trump Organization. The companies began talks to collaborate on upcoming projects in deals that would be mutually beneficial to both – providing notoriety to Bayrock’s projects and licensing opportunities for the Trump Organization.
Bayrock Group was in the early stages of development of a new hotel and condominium tower complex in the SoHo neighborhood of Manhattan with its development partners, the Sapir Organization. The two companies signed a licensing and management contract with the Trump Organization for the project, securing the use of the Trump brand for the Trump SoHo Tower.
The Trumps did not invest any of their own capital in the project but in the licensing deal, they acquired 17% equity in Trump SoHo. These deals were a common practice for the Trump Organization which was focused solely on licensing and managing contracts during the time.
Trump SoHo was completed in 2008. The $450 million, 46-story, 391-unit hotel-condo complex became a distinctive feature of the Manhattan skyline and a luxurious addition to the city’s hospitality offerings. The high-profile Bayrock - Tevfik Arif achievement would represent a turning point for the Trump brand.
Tevfik Arif: After Trump SoHo
Bayrock Group and the Trump Organization were interested in pursuing additional projects under similar licensing and development agreements. Potential ventures in the United States – including in Arizona and Florida – and abroad were considered. Ultimately, none of these deals progressed beyond the early stages and after the United States real estate market downturn in 2008, the partnership Doyen between the two companies ended without any viable options for collaboration.
During the years that followed, Donald Trump entered politics and become the controversial president of the United States. Many of his previous business deals and partnerships would come under the microscope of the American public and desperate conspiracy theorists. Tevfik Arif, as a foreign businessman who came out of the former Soviet Union, became an easy target for those trying to establish a Trump-Russia connection. These reputation-damaging, unfounded claims do not reflect the reality of Arif as an individual or as a businessman and there is no credible evidence to support them.
Donald Trump and Tevfik Arif’s companies established a legitimate business partnership that ended when opportunities to cooperate no longer existed. This working relationship, including the development of Trump SoHo, concluded long before Donald Trump’s campaign for the 2016 US presidential election began.
As for Tevfik Arif, his Bayrock Group ended its business operations in the United States in 2008. He continues to maintain interests in Central Asia and Europe but has retired from the daily activities of the business he built, passing the reigns to the next generation of business leaders in his family to which he remains a vital and trusted advisor.
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Explained: The Connection Between Tevfik Arif, The Bayrock Group and Donald Trump
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Tevfik Arif's Bayrock Group was an up-and-coming real estate investment & development firm in New York City in the 2000s. Bayrock collaborated with the Trump Organization on the high-profile Trump SoHo project.
Tevfik Arif is the Turkish-Kazakh businessman who helmed The Bayrock Group, a real estate investment & development firm that was based in midtown Manhattan and founded in 2001. The Bayrock Group was the managing partner behind the development of Trump SoHo, the last project to be built in the United States bearing the name of the current US president, Donald Trump.
Bayrock Group partnered with the Sapir Organization to develop the condo hotel project in Lower Manhattan. In one of the world's most competitive real estate markets, the firms sought new ways to increase the project's attractiveness and prestige and spoke with numerous reputable operators before settling on a licensing deal with the Trump Organization, which had the most competitive offer.
TEVFIK ARIF'S EARLY BUSINESS VENTURES
Bayrock Group was Tevfik Arif's first major push at the US real estate market, after establishing himself as a successful entrepreneur across multiple sectors in Central Asia and Europe. Born to an ethnic Turkish family living in Soviet Kazakhstan, Arif took the path followed by many young and ambitious men of his generation.
He attended a Moscow university where he studied Economics. Shortly after, Arif began working in the Soviet government's Ministry of Commerce and Trade. He would eventually rise to deputy head within the Ministry's Hospitality Management Department.
Arif left his position in the Ministry to pursue private business during the period of economic privatization that followed the fall of the Soviet Union. Partnering with his brothers, Arif invested mostly Get more information in the natural resources sector in the former Soviet republics. This led to other ventures, in the automobile and food sectors, respectively.
After establishing himself as a serious businessman and developing a global network of friends and partners, Arif continued his trailblazing and began investing in Turkey, particularly in the tourism market, helping pioneer the all-inclusive luxury resort model. His first project was the Labada hotel in Antalya, and the forerunner to the Rixos Group, a hospitality & leisure conglomerate.
ARIF STARTS BAYROCK GROUP
After wanting to spend https://www.facebook.com/pages/category/Nonprofit-Organization/Tevfik-Arif-Bayrock-258754714625630/ more time with his NY-based nuclear family, Arif decided to take a shot at the US real estate market and shortly founded the Bayrock Group in New York City. Bayrock's first projects were mid-market, such as the renovation of a shopping center, Loehmann's Seaport Plaza, in the Sheepshead Bay neighborhood of Brooklyn, populated by many Russian and Soviet immigrants.
Gaining acumen and confidence in the competitive New York City real estate market, Arif followed his ambitions and moved Bayrock to Trump Tower in midtown Manhattan to push the firm to the next level. It didn't take long for the fledgling company to begin a partnership with the Trump Organization to explore new markets.
Bayrock Group and their partners, the Sapir Organization, were in talks to develop a condo hotel project in the SoHo neighborhood of Lower Manhattan. They proposed an arrangement with the Trump Organization that included Trump licensing his brand and managing hotel operations in https://www.universityherald.com/articles/76481/20191007/how-to-excel-in-the-business-world-like-tevfik-arif.htm exchange for 18% equity in the project. The Trump Organization did not invest any capital in the development or construction of the project, as they exclusively did licensing and management contracts at the time.
Donald Trump unveiled Trump SoHo on the season finale of his reality TV show, The Apprentice. The $450 million, 46-story, 391-unit hotel condo complex was completed in 2008. The projected was seen as the pinnacle of luxury, the first of its kind in its respective neighborhood, containing Manhattan's first-ever Turkish Hammam in its spa, and the reinvigoration of the Trump brand.
ADDITIONAL TRUMP PROJECTS
During its partnership, the Bayrock Group and the Trump Organization pursued multiple projects across the United States, in Fort Lauderdale, Florida and Phoenix, Arizona, and Europe, where Trump towers were proposed in London, Istanbul and Moscow. However, due to the changing economic climate in the wake of the housing market crash in 2008, demand for luxury real estate dried up almost overnight and the two companies shelved their joint ventures. The projects in the pipeline never developed beyond the initial planning phases.
Some conspiracy theorists have attempted to use Tevfik Arif's background as a former Soviet citizen and civil servant as a false premise to connect Donald Trump to Russia. No evidence exists to support this fabrication. These efforts to implicate Arif or his company in any illicit activity involving doyen Donald Trump and Russian officials are damaging, slanderous and libelous to Arif and the Bayrock Group.
Donald Trump and Tevfik Arif maintained nothing more than a legitimate business partnership that ended when the opportunities for their companies to collaborate no longer existed. Donald Trump entered the 2016 US presidential election long after the working relationship between his company and Arif's Bayrock ended. The development of Trump SoHo and Donald Trump's campaign for president did not occur simultaneously.
After so much early promise, Bayrock Group ended its activities in the United States in 2008. Tevfik Arif, passed on his interests to Bayrock's management, moved with his family to Europe and all but retired from day-to-day business activity, calling time on a 40 + year career, having successfully built and sold international businesses, helping attract tens of billions of dollars in FDI to the likes of Kazakhstan and Turkey, Arif divides his time between Western https://www.linkedin.com/company/bayrock-group-llc Europe and Turkey, and remains an invaluable advisor to the next generation of prospective entrepreneurs within his family.
Tevfik Arif Revealed: The Man Behind Bayrock Group and Trump SoHo
|
|
comments (0)
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From rural Kazakhstan to Trump SoHo in Manhattan, Tevfik Arif has built a successful business that spans continents and industries.
Born in the Soviet Republic of Kazakhstan to an ethnic Turkish family, Tevfik Arif ambitiously pursued his interests in international business to establish himself as a leading entrepreneur. His most prominent achievement in the United States was the development of Trump SoHo by Bayrock Group, his property development and real estate firm.
Tevfik Arif from the beginning
Arif’s career was built over decades that have seen dramatic shifts in the way business is conducted. He completed his education in international relations and economics at a Moscow University. His early career took him down a familiar path for young, successful and aspiring young men of his generation, a position within the Soviet government bureaucracy.
Tevfik Arif worked for 17 years within the Hospitality Management Department of the Soviet Ministry of Commerce and Trade. He held numerous positions during his tenure, rising to deputy head of the department. There is no doubt that his time working within the Soviet government sparked an interest in hotel property development and management which he would eventually pursue in the private sector.
During the dissolution of the Soviet Union in the early 1990s and the privatization of industry that followed, many enterprising individuals seized the vast opportunities to enter the new economy through investments and business acquisitions. Arif and his brothers were among this new class of rising business entrepreneurs. They invested in the natural resources sector of Kazakhstan and other former Soviet republics. Arif furthered his doyen interests in the industry through the development of additional companies and partnerships, eventually, he would expand his business into the automobile and food sectors.
Pursuing a new direction in business
The success achieved through these early ventures enabled Tevfik Arif to shift his focus to pursue his passion in real estate and the tourism industry. His time as a civil servant working within the hospitality sector of the Soviet Union gave Arif a different perspective on the tourism and hotel industry.
Relying on this experience and knowledge, Arif’s first projects included the Labada hotel in Antalya and the predecessor to the Turkish hospitality & leisure firm Rixos Group. These endeavors introduced the all-inclusive luxury resort model that would eventually flourish in Turkey.
Motivated by his success in Central Asia and Europe and a desire to be closer to his family living in New York, Arif made the move to expand his real estate ventures to the United States. He founded the New York-based Bayrock Group in 2001. The company’s early projects were focused on small to mid-level developments and included the renovation of a shopping center in the Sheepshead Bay neighborhood of Brooklyn, a popular enclave for former Russian and Soviet immigrants to the city.
Bayrock Group and Trump SoHo
Growing confidence and understanding of the market would propel Arif to seek greater heights for his rising Bayrock Group. The company opened a new office space in the epicenter of Manhattan’s prestigious and competitive real estate industry within the exclusive Trump Tower.
It did not take long before Bayrock Group, a fast upstart in the industry, caught the eye of the Trump Organization. The companies began talks to collaborate on upcoming projects in deals that would be mutually beneficial to both – providing notoriety to Bayrock’s projects and licensing opportunities for the Trump Organization.
Bayrock Group was in the early stages of development of a new hotel and condominium tower complex in the SoHo neighborhood of Manhattan with its development partners, the Sapir Organization. The two companies signed a licensing and management contract with the Trump Organization for the project, securing the use of the Trump brand for the Trump SoHo Tower.
The Trumps did not sport invest any of their own capital in the project but in the licensing deal, they acquired 17% equity in Trump SoHo. These deals were a common practice for the Trump Organization which was focused solely on licensing and managing contracts during the time.
Trump SoHo was completed in 2008. The $450 million, 46-story, 391-unit hotel-condo complex became a distinctive feature of the Manhattan skyline and a luxurious addition to the city’s hospitality offerings. The high-profile achievement would represent a turning point for the Trump brand.
Tevfik Arif: After Trump SoHo
Bayrock Group and the Trump Organization were interested in pursuing additional projects under similar licensing and development agreements. Potential ventures in the United States – including in Arizona and Florida – and abroad were considered. Ultimately, none of these deals progressed beyond the Tevfik Arif early stages and after the United States real estate market downturn in 2008, the partnership between the two companies ended without any viable options for collaboration.
During the years that followed, Donald Trump entered politics and become the controversial president of the United States. Many of his previous business deals and partnerships would come under the microscope of the American public and desperate conspiracy theorists. Tevfik Arif, as a foreign businessman who came out of the former Soviet Union, became an easy target for those trying to establish a Trump-Russia connection. These reputation-damaging, unfounded claims do not reflect the reality of Arif as an individual or as a businessman and there is no credible evidence to support them.
Donald Trump and Tevfik Arif’s companies established USA a legitimate business partnership that ended when opportunities to cooperate no longer existed. This working relationship, including the development of Trump SoHo, concluded long before Donald Trump’s campaign for the 2016 US presidential election began.
As for Tevfik Arif, his Bayrock Group ended its business operations in the United States in 2008. He continues to maintain interests in Central Asia and Europe but has retired from the daily activities of the business he built, passing https://www.myheritage.com/names/tevfik_arif the reigns to the next generation of business leaders in his family to which he remains a vital and trusted advisor.
Tevfik Arif: Donald Trump and the Russia Conspiracy Explained
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(Photo : Tevfik Arif: Donald Trump and the Russia Conspiracy Explained)
Tevfik Arif's business connections to Donald Trump have become the source of speculation https://www.universityherald.com/articles/76481/20191007/how-to-excel-in-the-business-world-like-tevfik-arif.htm among conspiracy theorists and the media, but are there any truths to these stories?
Tevfik Arif is the owner of Bayrock Group, one of the primary developers of Trump SoHo Tower.
Tevfik Arif is an international entrepreneur, investor and property developer. In the United States, Arif is best known as one of the primary developers of the Trump SoHo Tower in New York City.
Arif's partnership with Donald Trump coupled with his past position working within the Soviet Union Ministry of Commerce and Trade at the beginning of his professional career has made the real estate developer the subject of numerous conspiracy theories in an attempt to establish a distant connection between the President of Donald Trump And Tevfik Arif the United States and Russia. The fact that Arif has preferred to live a private life out of the spotlight has only added mystery and allure to these claims. But who exactly is Tevfik Arif and what is his history with Donald Trump?
Exposing the conspiracy surrounding Tevfik Arif
After much public scrutiny, there is no evidence to show Arif or his company, Bayrock Group, facilitated communications or negotiations between Donald Trump and Russian officials. Any attempt to connect Arif or his company to nefarious or illegal activity involving Donald Trump and Russian officials have proven slanderous and libelous to Arif and Bayrock Group.
Tevfik Arif's connections to Donald Trump have proven to be nothing more than a legitimate business partnership. While in the early stages of their partnership in the early 2000s, Bayrock and the Trump Organization did discuss plans to create an international chain of Trump-branded hotel complexes in Turkey, Moscow, Ukraine, and various other countries, these ambitions were never more than discussions that did not get past the planning phase.
The working relationship that developed between Arif and Donald Trump ended before the latter announced his candidacy for President of the United States in 2015. This fact is often omitted when attempts are made to use Tevfik Arif to connect Trump to Russia. The timelines of the development of Trump SoHo Tower and Donald Trump's campaign for president do not line up.
Who is Tevfik Arif?
Tevfik Arif was born and grew up in the Kazakh Soviet Socialist Republic. He also has Turkish citizenship through his parents. Arif studied international relations at the Moscow Trade and Economic Check over here Institute. After receiving his degree, the young Arif began working in the Soviet Union's Ministry of Commerce and Trade. During his time as a civil servant, Arif rose from a chief economist to the deputy head of the Ministry's Hotel Management Department.
After the fall of the Soviet Union, Arif left public service in pursuit of business opportunities that were prevalent during the privatization of industries that followed the dissolution of the communist government regime in the 1990s. Arif and his brother acquired businesses in the mineral and natural resources industry in Kazakhstan, including a chromium plant and other holdings. Arif also worked as a consultant and field manager for other international businesses in the same industry. He owned or managed several additional projects including an import and export firm and jewelry business.
Soon, Arif began investing in property development and real estate. His first projects were concentrated in Kazakhstan, Turkey and other Central Asian and European countries. He developed a passion for hotel and luxury development. One of his early projects included a luxury hotel chain in Turkey.
Arif establishes Bayrock Group
Success set the stage for Arif's next challenge, the American real estate market. In 2001, Arif established Bayrock Group, a real estate development and investment firm, in New York City. Bayrock's first projects were modest and included the redevelopment of a shopping plaza in the Sheepshead Bay neighborhood of Brooklyn.
As Bayrock's success continued to grow, Arif moved the firm's offices to the heart of the competitive Manhattan real estate market into a space in Trump Tower. It was not long before the company began negotiations to work on projects with the building's famous owners, The Trump Organization.
Arif, viewed by the New York establishment as a foreigner at the helm of a little-known company, had ambitions to develop luxury real estate projects throughout the city. By teaming up with the Trump Organization, Bayrock could achieve the level of luxury recognition that came with the Trump brand.
The development of the Trump SoHo hotel and condominium complex was soon underway. The project would be developed and built by Bayrock in partnership with the Sapir Organization. The building would lease the Trump name from The Trump Organization through a licensing and management agreement that awarded the future president's company 18% equity in the project. The Trump Organization did not invest any of its own capital in the development of Trump SoHo Tower.
Trump SoHo was completed in 2008 and opened in 2011. The 46-story building was intended to be the first of a series of similar projects between Bayrock Group and The Trump Organization in places such as Florida and Arizona. However, the economic downturn that hit the United States real estate market in 2008 prevented USA the completion of these planned projects.
Instead, the economic situation forced Tevfik Arif to refocus his business interests back to Central Asia and Europe, effectively ending the working relationship between Bayrock Group and The Trump Organization. Bayrock Group has been dormant in the football United States since around 2011.
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Tevfik Arif: Donald Trump and the Russia Conspiracy Explained
|
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comments (0)
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Tevfik Arif's business connections to Donald Trump have become the source of speculation among conspiracy theorists and the media, but are there any truths to these stories?
Tevfik Arif is the owner of Bayrock Group, one of the primary developers of Trump SoHo Tower.
Tevfik Arif is an international entrepreneur, investor and property developer. In the United States, Arif is best known as one of the primary developers of the Trump SoHo Tower in New York City.
Arif's partnership with Donald Trump coupled with his past position working within the Soviet Union Ministry of Commerce and Trade at the beginning of his professional career has made the real estate developer the subject of numerous https://www.linkedin.com/company/bayrock-group-llc conspiracy theories in an attempt to establish a distant connection between the President of the United States and Russia. The fact that Arif has preferred to live a private life out of the spotlight has only added mystery and allure to these claims. But who exactly is Tevfik Arif and what is his history with Donald Trump?
Exposing the conspiracy surrounding Tevfik Arif
After much public scrutiny, there is no evidence to show Arif or his company, Bayrock Group, facilitated communications or negotiations between Donald Trump and Russian officials. Any attempt to connect Arif or his company to nefarious or illegal activity involving Donald Trump and Russian officials have proven slanderous and libelous to Arif and Bayrock Group.
Tevfik Arif's connections to Donald Trump have proven to be nothing more than a legitimate business partnership. While in the early stages of their partnership in the early 2000s, Bayrock and the Trump Organization did discuss plans to create an international chain of Trump-branded hotel complexes in Turkey, Moscow, Ukraine, and various other countries, these ambitions were never more than discussions that did not get past the planning phase.
The working relationship that developed between Arif and Donald Trump ended before the latter announced his candidacy for President of the United States in 2015. This fact is often omitted when attempts are made to use Tevfik Arif to connect Trump to Russia. The timelines of the development of Trump SoHo Tower and Donald Trump's campaign for president do not line up.
Who is Tevfik Arif?
Tevfik Arif was born and grew up in the Kazakh Soviet Socialist Republic. He also has Turkish citizenship through his parents. Arif studied international relations at the Moscow Trade and Economic Institute. After receiving his degree, the young Arif began working in the Soviet Union's Ministry of Commerce and Trade. During his time as a civil servant, Arif rose from a chief economist to the deputy head of the Ministry's Hotel Management Department.
After the fall of the Soviet Union, Arif left public service in pursuit of business opportunities that were prevalent during the privatization of industries that followed the dissolution of the communist government regime in the 1990s. Arif and his brother acquired businesses in the mineral and natural resources industry in Kazakhstan, including a chromium plant and other holdings. Arif also worked as a consultant and field manager for other international businesses in the same industry. He owned or managed several additional projects including an import and export firm and jewelry business.
Soon, Arif began investing in property development and real estate. His first projects were concentrated in Kazakhstan, Turkey and other Central Asian and European countries. He developed a passion for hotel and luxury development. One of his early projects included a luxury hotel chain in Turkey.
Arif Tevfik Arif establishes Bayrock Group
Success set the stage for Arif's next challenge, the American real estate market. In https://www.goodreads.com/topic/show/20937543-tevfik-arif-expert-leader-behind-the-success-of-bayrock-group 2001, Arif established Bayrock Group, a real estate development and investment firm, in New York City. Bayrock's first projects were modest and included the redevelopment of a shopping plaza in the Sheepshead Bay neighborhood of Brooklyn.
As Bayrock's success continued to grow, Arif moved the firm's offices to the heart of the competitive Manhattan real estate market into a space in Trump Tower. It was not long before the company began negotiations to work on projects with the building's famous owners, The Trump Organization.
Arif, viewed by the New York establishment as a foreigner at the helm of a little-known company, had ambitions to develop luxury real estate projects throughout the city. By teaming up with the Trump Organization, Bayrock could achieve the level of luxury recognition that came with the Trump brand.
The development of the Trump SoHo hotel and condominium complex was soon underway. The project would be developed and built by Bayrock in partnership with the Sapir Organization. The building would lease the Trump name from The Trump Organization through a licensing and management agreement that awarded the future president's company 18% equity in the project. The Trump Organization did not invest any of its own capital in the development of Trump SoHo Tower.
Trump SoHo was completed in 2008 and opened in 2011. The 46-story building was intended to Extra resources be the first of a series of similar projects between Bayrock Group and The Trump Organization in places such as Florida and Arizona. However, the economic downturn that hit the United States real https://therealdeal.com/2018/02/22/kriss-bayrock-agree-to-settle-lawsuit-after-8-years/ estate market in 2008 prevented the completion of these planned projects.
Instead, the economic situation forced Tevfik Arif to refocus his business interests back to Central Asia and Europe, effectively ending the working relationship between Bayrock Group and The Trump Organization. Bayrock Group has been dormant in the United States since around 2011.
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Explained: The Connection Between Tevfik Arif, The Bayrock Group and Donald Trump
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Tevfik Arif's Bayrock Group was an up-and-coming real estate investment https://www.universityherald.com/articles/76481/20191007/how-to-excel-in-the-business-world-like-tevfik-arif.htm & development firm in New York City in the 2000s. Bayrock collaborated with the Trump Organization on the high-profile Trump SoHo project.
Tevfik Arif is the Turkish-Kazakh businessman who helmed The Bayrock Group, a real estate investment & development firm that was based in midtown Manhattan and founded in 2001. The Bayrock Group was the managing partner behind the development of Trump SoHo, the last project to be built in the United States bearing the name of the current US president, Donald Trump.
Bayrock Group partnered with the Sapir Organization to develop the condo hotel project in Lower Manhattan. In one of the world's most competitive real estate markets, the firms sought new ways to increase the project's attractiveness and prestige and Bayrock - Tevfik Arif spoke with numerous reputable operators before settling on a licensing deal with the Trump Organization, which had the most competitive offer.
TEVFIK ARIF'S EARLY BUSINESS VENTURES
Bayrock Group was Tevfik Arif's first major push at the US real estate market, after establishing himself as a successful entrepreneur across multiple sectors in Central Asia and Europe. Born to an ethnic Turkish family living in Soviet Kazakhstan, Arif took the path followed by many young and ambitious men of his generation.
He attended a Moscow university where he studied Economics. Shortly after, Arif began working in the https://www.linkedin.com/company/bayrock-group-llc Soviet government's Ministry of Commerce and Trade. He would eventually rise to deputy head within the Ministry's Hospitality Management Department.
Arif left his position in the Ministry to pursue private business during the period of economic privatization that followed the fall of the Soviet Union. Partnering with his brothers, Arif invested mostly in the natural resources sector in the former Soviet republics. This led to other ventures, in the automobile and food sectors, respectively.
After establishing himself as a serious businessman and developing a global network of friends and partners, Arif continued his trailblazing and began investing in Turkey, particularly in the tourism market, helping pioneer the all-inclusive luxury resort model. His first project was the Labada hotel in Antalya, and the forerunner to the Rixos Group, a hospitality & leisure conglomerate.
ARIF STARTS BAYROCK GROUP
After wanting to spend more time with his NY-based nuclear family, Arif decided to take a shot at the US real estate market and shortly founded the Bayrock Group in New York City. Bayrock's first projects were mid-market, such as the renovation of a shopping center, Loehmann's Seaport Plaza, in the Sheepshead Bay neighborhood of Brooklyn, populated by many Russian and Soviet immigrants.
Gaining acumen and confidence in the competitive New York City real estate market, Arif followed his ambitions and moved Bayrock to Trump Tower in midtown Manhattan to push the firm to the next level. It didn't take long for the fledgling company to begin a partnership with the Trump Organization to explore new markets.
Bayrock Group and their partners, the Sapir Organization, were in talks to develop a condo hotel project in the SoHo neighborhood of Lower Manhattan. They proposed an arrangement with the Trump Organization that included Trump licensing his brand and managing hotel operations in exchange for 18% equity in the project. The Trump Organization did not invest any capital in the development or construction of the project, as they exclusively did licensing and management contracts at the time.
Donald Trump unveiled Trump SoHo on the season finale of his reality TV show, The Apprentice. The $450 million, 46-story, 391-unit hotel condo complex was completed in United States 2008. The projected was seen as the pinnacle of luxury, the first of its kind in its respective neighborhood, containing Manhattan's first-ever Turkish Hammam in its spa, and the reinvigoration of the Trump brand.
ADDITIONAL TRUMP PROJECTS
During its partnership, the Bayrock Group and the Trump Organization pursued multiple projects across the United States, in Fort Lauderdale, Florida and Phoenix, Arizona, and Europe, where Trump towers were proposed in London, Istanbul and Moscow. However, due to the changing economic climate in the wake of the housing market crash in 2008, demand for luxury real estate dried up almost overnight and the two companies shelved their joint ventures. The projects in the pipeline never developed beyond the initial planning phases.
Some conspiracy theorists have attempted to use Tevfik Arif's background as a former Soviet citizen and civil servant as a false premise to connect Donald Trump to Russia. No evidence exists to support this fabrication. These efforts to implicate Arif or his company in any illicit activity involving Donald Trump and Russian officials are damaging, slanderous and libelous USA to Arif and the Bayrock Group.
Donald Trump and Tevfik Arif maintained nothing more than a legitimate business partnership that ended when the opportunities for their companies to collaborate no longer existed. Donald Trump entered the 2016 US presidential election long after the working relationship between his company and Arif's Bayrock ended. The development of Trump SoHo and Donald Trump's campaign for president did not occur simultaneously.
After so much early promise, Bayrock Group ended its activities in the United States in 2008. Tevfik Arif, passed on his interests to Bayrock's management, moved with his family to Europe and all but retired from day-to-day business activity, calling time on a 40 + year career, having successfully built and sold international businesses, helping attract tens of billions of dollars in FDI to the likes of Kazakhstan and Turkey, Arif divides his time between Western Europe and Turkey, and remains an invaluable advisor to the next generation of prospective entrepreneurs within his family.
Tevfik Arif: Donald Trump and the Russia Conspiracy Explained
|
|
comments (0)
|
Tevfik Arif's business connections to Donald Trump have become the source of speculation among conspiracy theorists and the media, but are there any truths to these stories?
Tevfik Arif is the owner of Bayrock Group, one of the primary developers of Trump SoHo Tower.
Tevfik Arif is an international entrepreneur, investor and property developer. In the United States, Arif is best known as one of the primary developers of the Trump SoHo Tower in New York City.
Arif's partnership with Donald Trump coupled with his past position working within the Soviet Union Ministry of Commerce and Trade at the beginning of his professional career has made the real estate developer the subject of numerous conspiracy theories in an attempt to establish a distant connection between the President of the United States and Russia. The fact that Arif has preferred to live a private life out of the spotlight has only added mystery and allure to these claims. But who exactly is Tevfik Arif and what is his history with Donald Trump?
Exposing the conspiracy surrounding Tevfik Arif
After much public scrutiny, there is no evidence to show Arif or his company, Bayrock Group, facilitated communications or negotiations between Donald Trump and Russian officials. Any attempt to connect Arif or his company to nefarious Bayrock or illegal activity involving Donald Trump and Russian officials have proven slanderous and libelous to Arif and Bayrock Group.
Tevfik Arif's connections to Donald Trump have proven to be nothing more than a legitimate business partnership. While in the early stages of their partnership in the early 2000s, Bayrock https://www.linkedin.com/company/bayrock-group-llc and the Trump Organization did discuss plans to create an international chain of Trump-branded hotel complexes in Turkey, Moscow, Ukraine, and various other countries, these ambitions were never more than discussions that did not get past the planning phase.
The working relationship that developed between Arif and Donald Trump ended before the latter announced his candidacy for President of the United States in 2015. This fact is often omitted when attempts are made to use Tevfik Arif to connect Trump to Russia. The timelines of the development of Trump SoHo Tower and Donald Trump's campaign for president do not line up.
Who is Tevfik Arif?
Tevfik Arif was born and grew up in the Kazakh Soviet Socialist Republic. He also has Turkish citizenship Bayrock - Tevfik Arif through his parents. Arif studied international relations at the Moscow Trade and Economic Institute. After receiving his degree, the young Arif began working in the Soviet Union's Ministry of Commerce and Trade. During his time as a civil servant, Arif rose from a chief economist to the deputy head of the Ministry's Hotel Management Department.
After the fall of the Soviet Union, Arif left public service in pursuit of business opportunities that were prevalent during the privatization of industries that followed the dissolution of the communist government regime in the 1990s. Arif and his brother acquired businesses in the mineral and natural resources industry in Kazakhstan, including a chromium plant and other holdings. Arif also worked as a consultant and field manager for other international businesses in the same industry. He owned or managed several additional projects including an import and export firm and jewelry business.
Soon, Arif Donald Trump And Tevfik Arif began investing in property development and real estate. His first projects were concentrated in Kazakhstan, Turkey and Get more info other Central Asian and European countries. He developed a passion for hotel and luxury development. One of his early projects included a luxury hotel chain in Turkey.
Arif establishes Bayrock Group
Success set the stage for Arif's next challenge, the American real estate market. In 2001, Arif established Bayrock Group, a real estate development and investment firm, in New York City. Bayrock's first projects were modest and included the redevelopment of a shopping plaza in the Sheepshead Bay neighborhood of Brooklyn.
As Bayrock's success continued to grow, Arif moved the firm's offices to the heart of the competitive Manhattan real estate market into a space in Trump Tower. It was not long before the company began negotiations to work on projects with the building's famous owners, The Trump Organization.
Arif, viewed by the New York establishment as a foreigner at the helm of a little-known company, had ambitions to develop luxury real estate projects throughout the city. By teaming up with the Trump Organization, Bayrock could achieve the level of luxury recognition that came with the Trump brand.
The development of the Trump SoHo hotel and condominium complex was soon underway. The project would be developed and built by Bayrock in partnership with the Sapir Organization. The building would lease the Trump name from The Trump Organization through a licensing and management agreement that awarded the future president's company 18% equity in the project. The Trump Organization did not invest any of its own capital in the development of Trump SoHo Tower.
Trump SoHo was completed in 2008 and opened in 2011. The 46-story building was intended to be the first of a series of similar projects between Bayrock Group and The Trump Organization in places such as Florida and Arizona. However, the economic downturn that hit the United States real estate market in 2008 prevented the completion of these planned projects.
Instead, the economic situation forced Tevfik Arif to refocus his business interests back to Central Asia and Europe, effectively ending the working relationship between Bayrock Group and The Trump Organization. Bayrock Group has been dormant in the United States since around 2011.
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