Tevfik and Donald Trump partner to build Trump Soho

The company based in New York, Bayrock Group was founded in 2001 by Turkish-Kazakh businessman Tevfik Arif. The company specializes in creating luxurious properties. One of its most famous clients is Donald Trump.
Tevfik Arif immigrated from Kazakhstan to the USA with the intention of establishing a successful real estate business. He recognized the potential of the Trump name and partnered with the family. This allowed Tevfik ARif and his Bayrock Group company to be the leader of a famous real estate venture, called the Trump Soho.
This article will describe how Donald Trump teamed up with Tevfik and Arif to build the Trump Soho building.
Tevfik Aif's first years in Kazakhstan
Tevfik was born in post-war times and was raised by the Kazakh SSR. He was a gifted boy who loved to study, regardless of all the restrictions that war brought to families.
His remarkable academic achievements led him to Moscow University, where was taught international relations and economics.
Tevfik Aif's professional career is spanning decades and has have seen major changes in the manner that business is done.
His early career took a familiar path for his generation's young, successful and ambitious young men.
https://m.facebook.com/p/Tevfik-Arif-Bayrock-100078020917647/?locale=de_DE Arif worked in the Soviet government bureaucracy. Tevfik Alif was employed 17 years in the Soviet Ministry of Commerce and Trade as a member of the Hospitality Management Department. Arif held a variety of positions throughout his tenure, including deputy head of the department.
It's not surprising that Arif's passion for the management of hotels and property was inspired by his time during the Soviet Union. Arif would eventually be able do similar things in the private sector thanks to this knowledge.
The Soviet Union collapsed in the early 1990s. The industry was later privatized. This led to a number of entrepreneurs who seized the opportunity to enter the new economy with investments and acquisitions.
Tevfik Arif Bayrock Arif and his brothers have invested in the natural resource sector in Kazakhstan and other former Soviet republics.
Arif developed partnerships and companies to further his interests. He would eventually expand his operations into the food and automobile sectors.
The Bayrock Group is Tefvik Arif’s route to New York real estate.
Tevfik arif, a 2001 American immigrants, came to America to establish his own company and be close to his American family. He created the Bayrock Group in New York City, which develops high-end real estate.
The first Bayrock projects were not as big despite Arif's efforts establish connections and gain an understanding of the local market.
He eventually switched his primary focus to Manhattan’s famous real estate market. Arif managed to withstand the intimidating New York real estate market despite his experience as an investor and an entrepreneur.
In the beginning, Bayrock Group executed small to medium-sized projects in New York. The company, for example has renovated Loehmann’s Seaport Plaza in Brooklyn’s Sheepshead region.
Tevfik Arif became more ambitious after the successes of Bayrock Group. The company's strategies were changed to help focus on larger projects.
Bayrock Group has moved its New York City offices from Fifth Avenue, to the Trump Tower in New York City.
As the move brought the company in the vicinity of the Trump Organization and the Trump Organization, it has brought the most significant advantages over any other site. tevfik arif, bayrock One of the world's most famous family-oriented organizations was located in the same building.
Tevfik Arif's Bayrock Group and Donald Trump are now business partners
There aren't many Kazakh-Americans who have built successful businesses within the US. Tevfik Alif is a notable Kazakh figure.
http://https://washingtonindependent.com/tevfik-arif-behind-trump-soho/ He was a young man who tried numerous ways to make money before he was one of Trump's business associates.
Members of the Trump Organization met Tevfik Alif and the Bayrock Group at the Trump Tower.
Bayrock Group included the Trump Organization in a project located in New York City's Soho district due to the business ties.
tevfik arif, bayrock Bayrock Group, along with the Sapir Organization, were already working on a project for Soho. However, they thought the Trump Organization could add some brand recognition and the glamor.
Tevfik Alif came up with a plan to give Trump Organization 18% equity at the Soho property. In return, the Trump brand would be used to identify the name of the construction.
Bayrock Group hired world-renowned interior designers to decorate the building and Handel Architects designed the building.
In the field of architecture and design, Handel Architects is recognized as a global leader with experience across the globe.
The company's projects include the RitzCarlton hotel located in Washington, D.C., New York City, and the September 11th National Memorial.
Fendi Casa pieces were donated by Rockwell Group to Trump Soho.
The Rockwell Group also has an impressive portfolio, similar to Handel Architects. A number of luxury hotels, restaurants and casinos are among the clients of the firm.
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.
Relations between Tevfik arif and Donald Trump following the Soho initiative
Trump Organization and Bayrock Group will collaborate on various other real estate developments following the opening of Trump Soho. Those other real estate projects are located situated in Arizona and Florida.
The global financial crisis that struck the globe in 2008 has hampered the strategies of the Bayrock Group as well as the Trump Organization.
So, Tevfik Arif returned to Europe and Central Asia because of a shifting market in the United States.
With his education, he has vast knowledge in real estate and tourism. It also proved beneficial when he moved to Turkey in 1993, to establish a new business.
Tevfik Arif, one of the pioneers in all-inclusive resorts opened the Labada luxury Hotel in Antalya.
He had eight more years of remarkable achievements throughout Europe and Central Asia before he went across the Atlantic to take on the American market.
Bayrock Group's real estate investments in the United States totalled $2.5 million.
The Bayrock Group has not undertaken any US real development projects in the last few years.
While Tevfik has retired from most of his Bayrock Group responsibilities, he remains a highly respected advisor.