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The New York-based company Bayrock Group was founded in 2001 by Turkish-Kazakh businessman Tevfik Arif. The company specializes in developing high-end properties and one of its most famous clients is Donald Trump.

Tevfik Arif came from Kazakhstan to the USA with the intention of establishing a successful real estate business. He acknowledged the potential of the Trump name and formed a partnership with the Trump family. This allowed Tevfik Aif and his company, the Bayrock Group to manage a world-famous real estate project that is the Trump Soho Building.

This article will explain how Donald Trump teamed up with Tevfik and Arif in the construction of the Trump Soho building.

Tevfik Ark Arif's early years in Kazakhstan

Tevfik Arif was a post-war child that was raised in the Kazakh SSR's conservative family. He was a gifted young man who loved to study despite all the restrictions placed on his family by the war.

His impressive academic accomplishments led him to Moscow University, where was taught international relations and economics.

Tevfik Arif's career has been built over many years that saw radical shifts in the way business is conducted.

His first career was a well-known one among young, successful and aspiring young men from his generation.

Arif was employed by the Soviet government bureaucracy. Tevfik worked for the 17-year period of the Soviet Ministry of Commerce and Trade in the Hospitality Management Department. Arif held a variety of positions throughout his career, including deputy director of the department.

Certainly, the Soviet government experience sparked an interest and passion in hotel management and development. Arif would later be capable of pursuing these kinds of ventures in the private sector as a result of his experiences.

In the 1990s, the Soviet Union crumbled and the industry was privatized. Many considered joining the new economy via investments and acquisitions.

Arif and the brothers of his father invested in the natural resources of Kazakhstan and in the former Soviet republics.

Arif began to create additional partnerships, businesses and further his interest in the business. He would eventually expand his operations into the automotive and food industries.

Tevfik Arif Donuld Trump Tefvik Arif's journey into New York real estate: the Bayrock Group

Tevfik Alif came to America in 2001. He was looking to expand his business and also be closer with his American family. He founded Bayrock Group in New York City that develops luxurious real estate.

The early Bayrock projects were diverse despite Arif's efforts establish his connections and understand local markets.

His main focus shifted towards Manhattan's prestigious real property market. Arif was able to manage the pressure, despite the difficult real market.

Bayrock Group was initially able to complete small-to-medium-sized construction projects in New York. A prime example of this is the redevelopment of Loehmann's Seaport Plaza, Brooklyn's Sheepshead neighborhood.

Tevfik Arif grew more ambitious following the success Bayrock Group. He altered the strategy of Bayrock Group to focus on the most important projects.

In the context of his new strategy, Bayrock Group moved its office from Fifth Avenue to the Trump Tower in New York City.

The company relocated to be closer to Trump Organization. The move brought more advantages than any other place. One of the most well-known family businesses was located in the same building.

Donald Trump and Tevfik's Bayrock Group were business partners

There aren't many Kazakhstani immigrant entrepreneurs who made it big in the US. Tevfik Arif Bayrock Tevfik Arki is one of the most prominent Kazakh figures.

He was an untried young man who had tried numerous strategies for business before becoming one of Trump's business associates.

In the Trump Tower, Tevfik Aif as well as members of the Bayrock Group met with members from the Trump Organization.

https://glaclp.com/forums/users/bayrockpbvw529/ Bayrock Group was able to incorporate the Trump Organization in a New York City Soho area project because of the business connections.

Bayrock Group, along with the Sapir Organization, were already planning a new initiative for Soho. They believed that the Trump Organization could bring some brand recognition and prestige.

Tevfik Aif came up with a plan to offer 18% equity to the Trump Organization in the Soho Building. In exchange the Trump brand would be used as the construction's name.

Bayrock Group hired a team of world-renowned interior design experts to design the interior of the structure. Handel Architects designed the building.

tevfik arif & donuld trump Handel Architects, a world leading company in design and architecture is acknowledged worldwide.

The Ritz Carlton hotel located in Washington, D.C. and the September 11th National Memorial, New York City were only two of the many projects that the company has been involved in.

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

Tevfik Arif Donuld Trump The Rockwell Group also has an impressive portfolio, similar to Handel Architects. Its clients include high-end hotels, restaurants, and casinos.

The contract was signed by Bayrock Group, Sapir Organization, as well as the Trump Organization. Construction of Trump Soho may begin in the year 2006.

Following the Soho Project, Tevfik Aif and Donald Trump are in a relationship.

Trump Organization and Bayrock Group will be working together on additional real estate developments following Trump Soho’s successful opening. These other real estate projects are mostly in Arizona and Florida.

The global financial crisis of 2008 hindered the business plans of the Bayrock Group and the Trump Organization.

Tevfik Alif returned to Europe, Central Asia and the United States due to a shift in the market.

He is a seasoned tourist and real estate expertise which he gained through his studies. BayrockTevfik Arif It was also useful when he relocated to Turkey in 1993 to start an entirely new business.

Tevfik Arif created the Labada luxurious hotel in Antalya. This was a milestone in the creation of all-inclusive resorts.

He was rewarded with another eight years of remarkable achievements in Europe and Central Asia before he went across the Atlantic to take on the American market.

Bayrock Group invested $2.5 Million in real estate assets, while operating in the United States.

The Bayrock Group has not undertaken any US real estate development projects over the last several years.

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