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  • Whitney Jones posted an update 1 month, 1 week ago

    Tevfik Arif was the CEO and founder of Bayrock Group. He came to the United States in hopes of creating a profitable company.

    Tevfik Aif was born in Soviet Kazakhstan and moved to the United States where he co-founded Bayrock Group.

    Many dream of making the move to the United States to make it large however, only a handful succeed. One of them Tevfik Arif.

    The man who founded the luxury real estate development firm Bayrock Group and partnered with big brands like the Trump Organization was originally born in Soviet Kazakhstan. He was raised in Kazakhstan with his Turkish-trained parents and siblings.

    augustafreepress.com/tevfik-arif-from-bayrock-group-to-his-business-deals-with-donald-trump/ Tevfik as with other kids was interested in economics and business.

    As he grew older as he grew older, he began to immerse himself into the study of the subject. He began studying International Relations at Moscow Trade and Economics Institute.

    After completing his degree and completing his studies, he was employed by the Soviet Ministry of Commerce and Trade. It was a highly regarded employer among Soviet young people at the time.

    Tevfik arif made his way up through the ministry’s top management and was eventually deputy head of the Ministry of Commerce and Trade’s Hotel Management Department over the following 17 years.

    Tevfik Arif is a part of the private sector

    The Soviet Union had the smallest number of jobs in the private sector. However, the situation was drastically changed when the union ended in the 1990s.

    The Soviets were exposed to new worlds through the Iron Curtain.

    Tevfik arif then seized on the opportunities presented by the dissolution of the union.

    He resigned from his job in the government and shifted to the private sector.

    He has established several companies that dealt with imports, food, autos, exports, luxury property development, and natural resources.

    Tevfik Arif Bayrock Tevfik arif’s numerous startups in different industries gave him an impressive network. The result was that he left Pakistan in 1993 to pursue new opportunities in business.

    From all-inclusive in Turkey to business on Fifth Avenue

    Tevfik Alif is a Turkish pioneer who was behind the Labada luxurious Antalya hotel’s all-inclusive concept.

    Tevfik Arif was able to stay in Turkey until 2001, at which point the Turkish national moved to New York City.

    He wanted closer contact with the American side of his family, and also to investigate different business opportunities in the United States.

    Bayrock Group is a luxury real-estate development firm located in New York City. The company began with small to medium-sized projects.

    The initial project was the expansion and renovation of the Loehmann’s Seaport Plaza, in Brooklyn’s Sheepshead neighborhood.

    After several successful projects, Tevfik Arif decided to focus on larger projects. Tevfik Arif He also moved the company headquarters to Trump Tower at Fifth Avenue in 2001.

    Tevfik Arif decision to move Bayrock Group’s offices into the Trump Tower on Fifth Avenue resulted in a lucrative agreement in partnership with the Trump Organization.

    Tevfik Arif decision to move Bayrock Group’s offices to Trump Tower on Fifth Avenue led to a lucrative contract with the Trump Organization

    Bayrock Group joins the Trump Organization

    Tevfik Arif (at Trump Tower) and Bayrock Group met the Trump Organization.

    The two firms formed business relationships. Bayrock Group also included the Trump Organization as part of an initiative in New York City’s SoHo.

    Bayrock Group was working with the Sapir Organization in SoHo on the project at the time. However, they believed that the Trump Organization would add brand recognition to the project and add the prestige.

    Tevfik Arif Doyen Tevfik Arif Doyen Tevfik Arif Bayrock Tevfik Arif has drafted a proposal that would give the Trump Organization 18% equity in the SoHo building. The construction could also incorporate the Trump name in exchange.

    The agreement was signed by Bayrock Group and the Sapir Organization. Construction on Trump SoHo could begin as in the year the year 2006.

    Tevfik Arif made the decision to relocate due to the 2008 financial crisis.

    The 46-floor building was opened for public viewing in the year 2008.

    The inside was home to apartments, hotel rooms as well as bars, restaurants and banquet halls. There was also a spa , as well as an outdoor pool. New York City offered guests and residents an incredible panorama through its floor-to-ceiling glass windows.

    Rockwell Group oversaw the interior design of the building, while Handel Architects was tasked with designing the building the building itself.

    Both companies are veterans in their fields and have extensive experience across the globe.

    Trump SoHo was off on an impressive beginning. This resulted in Bayrock Group to partner with the Trump Organization in exploring joint ventures.

    They wanted to construct buildings both in Florida and Arizona under the same licensing conditions as Trump Organization. In exchange for Trump being added to their names, they would get 18 percent equity in the building.

    However, their hopes weren’t realized due to the financial crisis that struck the globe, and particularly the American real estate market, in 2008.

    Tevfik Alif fled Tevfik Alif fled the United States because of the market shifts that led to the crisis. Instead, he retreated to Europe and Asia where his professional career began.

    Even though he’s retired today He is still an advisor for Bayrock Group.

    Today, Trump SoHo was renamed the Dominick by the Bayrock Group.