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Bayrock Group is a New York-based company established by Tevfik Arif ( Turkish Kazakh-Kazakh) in 2001. Donald Trump is a client of the company.

Tevfik Arkik came to the US from Kazakhstan in hopes of establishing a reputable real estate business. He was aware of the potential of Trump and joined the venture with his family. londonlovesbusiness.com/start-in-real-estate-bayrock-groups-tevfik-arif/ This enabled Tevfik Aif, and his business Bayrock Group Bayrock Group to manage a world-famous real estate project that is the Trump Soho Building.

This article will explain the ways in which Donald Trump and Tevfik arif worked together to build the lavish Trump Soho building.

Tevfik Ark Arif’s early years in Kazakhstan

Tevfik was born during post-war times and grew up with the Kazakh SSR. He was a gifted kid and loved to study despite the limitations that war brought to his home.

http://www.instagram.com/erkantevfikarif/ His remarkable academic achievements brought him to Moscow University, where was studying international relations and economics.

Tevfik Aif’s career in business spans over decades, which have seen significant changes in the way that business is done.

His early career took the same route as the successful young men.

Arif was employed by the Soviet government bureaucracy. The Soviet Ministry of Commerce and Trade employed Tevfik Arif for 17 years in its Hospitality Management Department. BayrockTevfik Arif He held many positions during his career, including deputy director of the department.

Tevfik Arif Bayrock Being a part of the Soviet government certainly ignited an interest in hotel property development and management. Arif eventually decided to go to the private sector following his experience.

The Soviet Union collapsed in the early 1990s. The sector was privatized. Many people were looking to join the new economy through investments and acquisitions.

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

Arif continued to pursue his interests in the industry by starting other companies and partnership. He later extended his business to food and the automotive industries.

Bayrock The Bayrock Group is Tefvik Arif’s way to New York real estate.

Tevfik Alif came to America in 2001. He wanted to expand his company and be closer to his American family. He established Bayrock Group in New York City, which develops luxury real estate.

The early Bayrock projects were diverse, despite Arif’s efforts to build connections and gain an understanding of local markets.

He ultimately switched his primary focus to Manhattan’s famous real estate market. Arif managed to withstand the fearsome New York real estate market despite his experience as an investor and an entrepreneur.

Bayrock Group initially executed small-to medium-sized New York City projects. The company was able to renovate the Loehmann’s Seaport Plaza at Brooklyn’s Sheepshead section.

The Bayrock Group’s success led to Tevfik Arif became increasingly ambitious. To help the company focus on bigger projects, Arif changed the strategy of Bayrock Group.

Bayrock Group has moved its New York City offices from Fifth Avenue, to the Trump Tower in New York City.

It was convenient to the Trump Organization that resulted in the most significant benefits than in any other industry. Tevfik Arif The same building housed one of the world’s most respected family-owned organizations in the world.

Donald Trump and Tevfik Alif’s Bayrock Group have become business partners

Not many Kazakhstani immigrants have been able to establish successful companies in America. Tevfik Arki is among the most important Kazakh figures.

http://www.dwell.com/collection/tevfik-arif-bayrock-d7c16407 Since his youth, he has tried various business strategies in an effort to be one of Donald Trump’s business partners.

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

Bayrock Group included the Trump Organization in a project in New York City’s Soho district due to the business connections.

Bayrock Group had already begun working with the Sapir Organization on a Soho project. They believed that they could benefit from the Trump Organization would add brand recognition and prestige.

Tevfik Aif came up with a plan to grant 18% equity to the Trump Organization in the Soho Building. In exchange, the Trump brand would be used to identify the building’s name.

Bayrock Group employed world-renowned interior designers to decorate the building. Handel Architects designed it.

Handel Architects has been recognized globally as a pioneer in design and architecture.

tevfik arif, bayrock The Ritz-Carlton Hotel located in Washington, D.C., the September 11th National Memorial, New York City are only two of the projects.

Fendi Casa pieces are provided by Rockwell Group, an architecture and design firm.

The Rockwell Group’s impressive resume includes Handel Architects and the Rockwell Group. Some of its clients are luxury hotels as well as fine dining establishments, and casinos.

The agreement was reached by Bayrock Group, Sapir Organization and Trump Organization. Construction work on Trump Soho could commence in the year 2006.

Donald Trump and Tevfik Atif’s relationship following the Soho projects

Trump Organization and Bayrock Group will collaborate on numerous other real estate projects following the opening of Trump Soho. The other real estate projects are mainly in Arizona and Florida.

However, the global economic crisis of 2008 slowed the plans for business of the Bayrock Group and the Trump Organization.

Tevfik arif was forced quit the United States because of a shift in the market.

With his education, he’s gained an extensive understanding of tourism and real estate. 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 luxurious hotel in Antalya. The hotel quickly was a major force behind timeless all-inclusive resorts.

He had eight more years of outstanding accomplishments in Europe as well as Central Asia before he went across the Atlantic to conquer the American market.

The real estate investments of Bayrock Group in the United States totalled $2.5 million.

In the last few years, the Bayrock Group has not been involved in any US real estate development projects.

Tevfik Aif has been released from Bayrock Group but he remains an important advisor.