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Bayrock Group, a New York company, was founded in 2001 by Tevfik ARIF , who was a Turkish Kazakh businessman. Donald Trump is a client of the company.

Tevfik Arif immigrated from Kazakhstan to the US with the goal of create an influential real estate enterprise. He knew the influence of Trump and joined the venture along with his family. This allowed Tevfik Arif as well as his company, called the Bayrock Group, to lead a world-renowned real estate project which is the Trump Soho building.

This article will discuss the ways in which Donald Trump and Tevfik arif joined forces to construct the lavish Trump Soho building.

Tevfik Arif’s early life in Kazakhstan

Tevfik Arif was born post-war and grew up in the strict family of the Kazakh SSR. He was a talented child who was a student despite the limitations imposed on his family members by the war.

His outstanding academic achievements led him into Moscow University, where was taught international relations and economics.

Tevfik Arif’s career has spanned decades and has seen major shifts in business methods.

His early career was on the same pattern that his generation’s accomplished young men.

Arif was employed by the Soviet government bureaucracy. Tevfik Arif was employed by the Soviet Ministry of Commerce and Trade 17 years within its Hospitality Management Department. He held several positions throughout his career and eventually rose to become the deputy chief of the department.

The Soviet government was an excellent location to study hotel management and development. Arif will eventually be able to do exactly the same thing in the private sector due to this knowledge.

The Soviet Union fell in the 1990s and the business was taken over by the government. Many entrepreneurs seized this opportunity to invest and acquire in the emerging economy.

Tevfik Arif Donuld Trump Arif and his brother also invested in the industry of natural resources in Kazakhstan and other former Soviet Republics.

Arif formed partnerships and established companies to further his interests. The business eventually expanded to the food and automotive markets.

Tefvik Arif’s journey to New York Real Estate: The Bayrock Group

Tevfik moved to America in 2001 to expand his business and be near his American family. Bayrock Group, which is a New York City development of luxury real estate, was founded by him.

The first projects of Bayrock were numerous despite Arif’s efforts to establish connections and to understand local markets.

Then he turned his concentration to Manhattan’s highly coveted real estate market. Arif has managed to stay out of the intimidating New York real estate market despite his experience as an investor and an entrepreneur.

Bayrock Group was initially able to carry out small-medium-sized projects within New York. tevfik arif & donuld trump The company also renovated Loehmann’s Seaport Plaza at Brooklyn’s Sheepshead section.

The Bayrock Group’s success led to Tevfik Arif became increasingly ambitious. To enable the company to concentrate on larger projects, the company’s strategy was changed.

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

Since the move put the company in the vicinity of the Trump Organization It has yielded the most significant advantages over any other site. The same building housed one of the most revered family-oriented organizations around the globe.

Donald Trump and Tevfik Aif’s Bayrock Group become business partners

There are not many Kazakhstani-Americans who have created successful businesses in the US. In the case of prominent Kazakh names, Tevfik Arif cannot be overlooked.

Since his early years, he was experimenting with various ways to be a part of Donald Trump’s business associates.

The members of the Trump Organization met Tevfik Alif and members of the Bayrock Group at the Trump Tower.

Tevfik Arif Due to these business ties, Bayrock Group included Trump Organization into an New York City Soho project.

A project in Soho was already in development between Bayrock Group and the Sapir Organization. They believed that they could benefit from the Trump Organization would add brand visibility and prestige.

Tevfik Aif designed a plan to give 18% equity to the Trump Organization in the Soho Building. In return, Trump would brand the construction.

Bayrock Group employed renowned interior designers to design the interior of this building. Handel Architects designed and built the structure.

Handel Architects, a world leading company in design and architecture is acknowledged worldwide.

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

Fendi Casa pieces for Trump Soho were provided by Rockwell Group, a design and architecture firm.

The Rockwell Group, along with Handel Architects, has a impressive resume. The firm’s clients are several luxury hotels, upscale restaurants and casinos.

Bayrock Group, the Sapir Organization as well as the Trump Organization signed the agreement and construction of the area that would be Trump Soho could begin in the year 2006.

Donald Trump and Tevfik Atif’s relationship has been a result of the Soho projects

Trump Organization and the Bayrock Group will work together on other real estate developments following Trump Soho’s successful opening. The other real-estate projects are mainly located in Arizona or Florida.

The 2008 global financial crisis that struck the world in 2008 hampered the plans of both the Bayrock Group as well as the Trump Organization.

Thus, Tevfik Arif returned to Europe and Central Asia because of a shift in the market in the United States.

His studies have provided him with an extensive understanding of tourism, real estate and real-estate. It proved to be an invaluable asset when he relocating from the United States to Turkey in order to start his own business.

Tevfik Arif opened the Labada luxury hotel in Antalya and quickly became a pioneering force behind the traditional all-inclusive resorts.

He continued to be awe-inspiring in his achievements in Europe/Central Asia for another eight years, before relocating across the Atlantic and taking on the American market.

Bayrock Group’s real estate investments in the United States totalled $2.5 million.

For the past few year, Bayrock Group was not involved in any US realty development projects.

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

Doyen