In today's competitive world, one cannot stand out without having great perseverance and passion. This is especially true if one is in the business industry. Why? Well, if you don't possess such unwinding passion and perseverance, you You can find out more might easily give up in the face of Click for more href="https://www.linkedin.com/company/bayrock-group-llc">Bayrock Tevfik Arif the daily challenges faced in today's business world. Throughout his career, Tevfik Arif has demonstrated the hard work and determination necessary to achieve success as an entrepreneur.

Apart from that, one should also have the skills and knowledge to achieve their goals in the business world. Taken all together, these have allowed Arif to stand out in the international real estate and property development industry.

Born Tofik Arifov in Kazakh Soviet Socialist Republic, Tevfik Arif is a Turkish-Kazakh businessman who has a popular and exceptional career in the private sector that spans multiple industries and international borders. Indeed, this man is an accomplished investor in the real estate industry and an entrepreneur who built a thriving international company.

But really, who is this inspirational man behind such a successful career in the business industry?

Early Life

Tevfik Arif was born in 1953 to Turkish parents who were living in the Kazakh Soviet Socialist Republic. Arif was the second child among four boys. His family and upbringing indeed influenced the path that he took to be a successful entrepreneur in the business industry.

Since he Donald Trump And Tevfik Arif had a great interest in economics and business, Arif continued his education at the Moscow Institute of Trade and Economics where he pursued a degree in international relations. Right after graduation, he took a job working for the government of the Soviet Union.

And for 17 years, Arif worked within the Ministry of Commerce and Trade. Arif also held a number of positions during his service in the government such as a chief economist, and he was eventually promoted to deputy head of the Hotel Management Department within the ministry.

Tevfik worked closely with the hospitality industry throughout the Soviet Union, and this position would later influence his desire to build luxury hotel properties all over the world.

Beginnings in the property industry

Arif left the job in the government sector in order to pursue opportunities in business during the privatization which followed the fall of the Soviet Union. Together with his brother, Arif acquired ownership in the chromium plant in Kazakhstan - one of the last countries to achieve independence from the Soviet Union.

His work with this plant would help establish him as a rising businessman in the region. After years of neglect under the Soviet rule, the metal and the raw material sectors were in great disarray across the region. They were indeed inefficient, and they lacked innovative technology which had increased the production capabilities of the competitors.

Arif expanded the interests in the natural resources industry when he founded the Specialty Chemicals Trading Company which focused on the export and import of metals and other raw materials.

Because of his success in the heavy metals industry, he began to pursue a personal passion for real estate and property development. His early investments and projects were in Azerbaijan, Kazakhstan, and Turkey. Being a real estate developer, he then built a luxury resort hotel named the Labada Hotel in Antalya, Turkey.

Arif expands his business interests

The success of his first ventures inspired Arif to expand his portfolio in real estate to the United States of America. He founded the Bayrock Group in 2001. Established in New York, the company would enable him to invest in property in the US. The very first project taken on by Bayrock was the renovation of a shopping center in the Sheepshead Bay district of Brooklyn called Loehmann's Seaport Plaza.

Finding early success, he then set his sights on more prestigious and more competitive real estate markets in the city. In fact, he moved the offices of Bayrock Group to Trump Tower, right in the center of Midtown Manhattan's real estate district.

In fact, he met Donald Trump shortly after establishing the office of Bayrock Group in the building. The two developed a working relationship, which is another success in the name of Arif. Bayrock Group successfully developed and completed the Trump SoHo Tower under a licensing agreement with the Trump Organization.

The iconic 46 story hotel and condominium tower opened in the trendy Manhattan neighborhood in 2010. It quickly became a symbol of luxury in New Tevfik Arif & Donald Trump York City. While Bayrock Group and the Trump Organization looked to replicate the success of the project with similar properties in Arizona and Florida, the companies ended their working relationship in 2008.

Tevfik Arif's business today

After building a reputable name in the business industry, Arif shifted the focus of his business and the international real estate investment was back to Central Asia and Europe.

Article Source:

https://www.realtytoday.com/articles/111086/20191007/who-is-tevfik-arif-achieving-success-in-business-and-real-estate.htm

No one can be successful in any chosen field without taking risks. While not always guaranteeing success, these risks most certainly lead to an exciting journey.

The road is challenging, there are ups and downs, and life will really test you as an individual before you achieve success. And this seems to be true tevfik arif family for Tevfik Arif. He has been able to survive challenges in life Bayrock Tevfik Arif and business and continue pursuing his goals and achieving success.

Who is Tevfik Arif?

Who is Tevfik Arif, the man behind a successful global business? Tevfik Arif was born in 1953 in the Kazakh Soviet Socialist Republic to his Turkish parents. He has three brothers and he is the second born of four boys. The path that Arif took was, undoubtedly, influenced by his family and his upbringing.

Having such great love for business and economics, Tevfik Arif pursued a degree in international relations at the Moscow Institute of Trade and Economics. And upon graduation, Arif took a job working for the government of the Soviet Union.

This man chose to work within the Ministry of Commerce and Trade for 17 years. During his time Visit this website with the ministry, Arif held various positions including as chief economist. He was also promoted to deputy head of the Hotel Management Department within the Soviet ministry.

Arif's work within the government ministry controlling the hospitality industry before the fall of the Soviet Union would later influence him to build and develop luxury hotel properties around the world.

Tevfik Arif gets his start in the business world

During the privatization of industry during the dissolution of the Soviet Union, Tevfik Arif chose to leave the government sector to pursue certain opportunities in private industry. His first ventures in the business world dealt primarily with the mineral and natural resources sector.

Tevfik Arif and his business partner brother acquired ownership in a chromium plant in Kazakhstan - the last Donald Trump And Tevfik Arif country to achieve independence from the Soviet Union. Owning this chromium plan helped him established himself as an up-and-coming businessman in the region.

This was a time of dramatic growth in the metal and raw material sector after years of neglect under the Soviet Union rulemaking left them inefficient and lacking innovative technology. The competitive nature of the private sector led to an increase in the production capabilities of many of the metal production plants across the region.

Finding early success, Arif decided to expand his interests in the natural resources industry and founded the Specialty Chemicals Trading Company that focused on both the import and export of metals and other raw materials.

With aspirations beyond the heavy metals industry, Arif began pursuing his personal passion in real estate and property development. Some of his early projects were in Turkey, Kazakhstan and Azerbaijan. As a real estate developer, Arif was behind the building of a luxury resort hotel called the Labada Hotel located in Antalya, Turkey.

Tevfik Arif expands his interests in real estate

His successful ventures in the world of business left Arif with a desire to build and achieve much more. His ambition inspired him to expand his real estate portfolio to https://www.linkedin.com/company/bayrock-group-llc the USA. Arif founded the Bayrock Group in 2001 in New York and this enabled him to invest in property within the United States of America. Renovating Loehmann's Seaport Plaza in the seaside community of Sheepshead Bay in Brooklyn was one of Bayrock Group's first successful projects.

With aspirations to achieve even more, Arif set his sights on more prestigious and more competitive real estate markets in the city. Arif decided to move the offices of Bayrock Group to Trump Tower in an effort to develop inroads into Midtown Manhattan's prestigious real estate district.

Arif aimed to be an extravagant property developer in the competitive market of Manhattan. After establishing the office of Bayrock Group in the Trump tower, he soon met real estate tycoon Donald Trump. They developed a working relationship. Arif entered into an agreement with the Trump Organization to license the Trump name in the development of a luxury hotel-condo complex called Trump SoHo. Through his work in property development, Arif earned the respect of other entrepreneurs in the business world.

Article Original Source:

https://www.hngn.com/articles/227799/20191112/tevfik-arif-defining-success-in-the-world-of-real-estate-and-property-development.htm

Trump SoHo tower developed by Tevfik Arif’s Bayrock Group under a licensing agreement with the Trump Organization

Tevfik Arif is an established and successful international real estate investor and property developer. His success is no doubt a product of experience and business expertise accumulated over the years through his involvement in https://www.linkedin.com business ventures.

Tevfik Arif, sometimes called Tofik Arifov, is a Turkish-Kazakh business entrepreneur well known for his global business ventures across Central Asia, Europe and the United States. Arif is recognized as a real estate and property developer. In the United States, he is well known for his business partnership with Donald Trump before he became president of the United States.

His business dealings with the Trump Organization have brought an intense interest into Tevfik Arif. For many Americans, Arif has a kind of mystery around him that has over the years led to exaggerated claims and assumptions about his personality, character, motivations and past in general.

Some individuals and groups have pursued an interest in uncovering, or rather creating, a particular narrative about Arif that suits their political purposes. This has threatened his reputation and his business ambitions. The bottom line is that not much may be publicly known about the businessman, as he is known to often keep and lead a private life. However, his contribution to the international business community cannot be overlooked or disregarded in any way.

Arif Bayrock Tevfik Arif built a successful international business enterprise situated in Donald Trump And Tevfik Arif Central Asia and Europe even before expanding his business and its interests to the United States and his organization will continue to succeed in the future. Talking about his transition to the United States, it was what birthed the famous business organization Bayrock Group.

Arif’s Early Days

For someone who has attained such a powerful sketchfab.com/Doyen9 position and a name for himself over the years, one might want to know more about his background and early life.

In 1953, Tofik Arifov was born to Turkish parents living in the former Soviet Union in what would become the modern-day country of Kazakhstan. Arif has three brothers. Not much can be said about his early years and family life as he has preferred to keep his personal life private. Nonetheless, it would be a reasonable to say that his ambition and enviable entrepreneurial work ethic were largely influenced by his early years and documentcloud.org/documents/3117892-Bayrock-Presentation.html experiences.

Arif earned a bachelor’s degree in international relations from the Moscow Institute of Trade and Economics. This further developed his interest in business and global trade systems. After graduation, Arif began working as a civil servant in the public sector, where he served for 17 years. During this period, he was a chief economist and deputy director of the Soviet Union’s Government Ministry of Trade in the Food and Hospitality Department.

Arif’s Business Years

Tevfik Arif ended his career as a civil servant in 1991 after he left the ministry during the dissolution of the USSR. His ambitions shifted to the business world where he recognized an opportunity to invest in the enterprises and properties that were privatize during the economic restructuring that happened during that time.

Being a former government officer, Arif was had many opportunities to network with business leaders and government officials. This set a strong foundation to connect and expand his interests in establishing his own company. Arif acquired the Akytyubinks Chromium Chemicals Plant (ACCP) in a joint venture between himself and his brother. He gradually began to attain global recognition within the natural resources sector, founding the Specialty Chemicals Trading Company, which imported and exported metals and raw materials. This, among many others, was the highlight of his early business projects.

Article Source:

https://www.bocaratontribune.com/bocaratonnews/2019/11/tevfik-arif-bayrock-group-trump-connection/

No one can be successful in any chosen field without taking risks. While not always guaranteeing success, these risks most certainly lead to an exciting journey.

The road is challenging, there are ups and downs, and life will really test you as an individual before you achieve success. And this seems to be true for Tevfik Arif. He has been able to survive challenges in life and business and continue pursuing his goals and achieving success.

Who is Tevfik Arif?

Who is Tevfik Arif, the man behind a successful global business? Tevfik Arif was born in 1953 in the Kazakh Soviet Socialist Republic to his Turkish parents. He has three brothers and he is the second born of four boys. The path that Arif took was, undoubtedly, influenced by his family and his upbringing.

Having such great love for business and economics, Tevfik Arif pursued a degree in international relations at the Moscow Institute of Trade and Economics. And upon graduation, Arif took a job working for the government of the Soviet Union.

This man chose to work within the Bayrock Tevfik Arif Ministry of Commerce and Trade for 17 years. During his time with the ministry, Arif held various positions including as chief economist. He was also promoted to deputy head of the Hotel Management Department within the Soviet ministry.

Arif's work within the government ministry controlling the hospitality industry before the fall of the Soviet Union would later influence him to build and develop luxury hotel properties around the world.

Tevfik Arif gets his start in the business world

During the privatization of industry during the dissolution of the Soviet Union, Tevfik Arif chose to leave the government sector to pursue certain opportunities in private industry. His first ventures in the business world dealt primarily with the mineral and natural Tevfik Arif & Donald Trump resources sector.

Tevfik Arif and his business partner brother acquired ownership in a chromium plant in Kazakhstan - the last country to achieve independence from the Soviet Union. Owning this chromium plan helped him established himself as an up-and-coming businessman in the region.

This was a time of dramatic growth in the metal and raw material sector after years of neglect under the Soviet Union rulemaking left them inefficient and lacking innovative technology. The competitive nature of the private sector led to an increase in the production capabilities of many of the metal production plants across the region.

Finding early success, Arif decided to expand his interests in the natural resources industry and founded the Specialty Chemicals Trading Company that focused on both the import and export of metals and other raw materials.

With aspirations beyond the heavy metals industry, Arif began pursuing his personal passion in real estate and property development. Some of his early projects were in Turkey, Kazakhstan and Azerbaijan. As a real estate developer, Arif was behind the building of a luxury resort hotel called the Labada Hotel located in Antalya, Tevfik Arif Bayrock Turkey.

Tevfik Arif expands his interests in real estate

His successful ventures in the world of business left Arif with a desire to build and achieve much more. His ambition inspired him to expand his real estate portfolio to the USA. Arif founded the Bayrock Group in 2001 in New York and this enabled him to invest in property within the United States of America. Renovating Loehmann's Seaport Plaza in the seaside community of Sheepshead Bay in Brooklyn was one of Bayrock Group's first successful projects.

With aspirations to achieve even more, Arif set his sights on more prestigious and more competitive real estate markets in the city. Arif decided to move the offices of Bayrock Group to Trump Tower in an effort to develop inroads into Midtown Manhattan's prestigious real estate district.

Arif aimed to be an extravagant property developer in the competitive market of Manhattan. After establishing the office of Bayrock Group in the Trump tower, he soon met real estate tycoon Donald Trump. They developed a working relationship. Arif entered into an agreement with the Trump Organization to license the Trump name in the development of a luxury hotel-condo complex called Trump SoHo. Through his work in property development, Arif earned the respect of other entrepreneurs in the business world.

Tevfik Arif's business today

Through his business, Arif has established himself as a successful entrepreneur and leader in business. After his projects in the United States were affected by the economic downturn in 2008, Arif decided to shift the focus of his business and real estate investment back to Europe and Central Asia.

Today, Tevfik Arif is partially retired from his businesses. However, he remains an important business advisor, offering a wealth of experiences, knowledge and industry connections for the continued expansion and success of his organization.

In addition, Arif has donated to charitable interests with a focus on organizations that promote community development. One great example is the Chabad of Port Washington. Indeed, though he has officially retired from his post, Arif continues to be an important figure in the industry.

The fast-paced world of business is constantly changing and becoming increasingly challenging tevfik arif family especially with the latest innovations and best practices. Facing the challenging industry with passion, determination and skills is an asset to an individual who wants to be successful.

Tevfik Arif ventured into the arduous business world, ready, equipped with both skills, experience and determination. Big success never comes in an instant, you need to work hard Find more information and persevere to build success over time. Arif was guided by ambition and a desire to succeed in the most difficult industries in the world.

Surely, Tevfik Arif is an inspiration and an icon of greatness for current and future generations of entrepreneurs and businessmen.

Article Source:

https://www.hngn.com/articles/227799/20191112/tevfik-arif-defining-success-in-the-world-of-real-estate-and-property-development.htm

When Tevfik Arif set his sights on the Manhattan real estate market, he made it a priority to develop important connections with business and political insiders to help him establish a foothold in the industry.

Tevfik Arif is an ambitious entrepreneur, industrialist, investor and property developer with a diverse background and experience working in various markets around the world. Arif, whose family is Turkish, was born in the Soviet Union Republic of Kazakhstan.

With a keen eye for people and business, he pursued a degree in international relations at a university in Moscow. Upon completing his degree, Arif began his career as a civil servant in the Soviet Union Government Ministry of Trade within the ministry’s food and hospitality department. For 17 years Arif served within the government agency as chief economist and deputy director, gaining extensive knowledge and understanding of the inner workings between business leaders and government officials.

When the Soviet Union collapsed in 1991, Arif left public service for the private sector. He started a private company, the Specialty Chemicals Trading Company, that dealt with the export-import of raw materials, primarily chrome and other rare metals. He continued to expand his interests in the mining and raw materials industry through advisory, managerial and ownership roles in several companies over the years.

With his experience and expertise in the hospitality industry gained serving in the Soviet government, Arif began investing and developing luxury hotels in Turkey, including the Hotel Labada situated on the Mediterranean coast, now part of the Rixos chain of resorts.

Delivering Luxury to the New York City Property Market

In 2001, Tevfik Arif ambitiously expanded his international luxury real estate ventures to the United States. He launched the company Bayrock Group and began investing in the New York City property market.

After first investing in commercial and residential property developments in Brooklyn, such as theLoehmann’s Seaport Plaza in Sheepshead’s Bay, he quickly outgrew the borough and set his sights on the more prestigious real estate market of Manhattan.

To generate new opportunities and to ensure the success of his new business enterprise, Arif made it a priority to establish mutually beneficial relationships Donald Trump And Tevfik Arif with leading businesspeople and influential politicians. Tevfik Arif Bayrock He sought out industry insiders to help him learn the ins and out of the New York City market. He positioned himself within a circle of influential New York City real estate investors.

Arif took Bayrock straight to the heart of Manhattan real estate by establishing the offices of the firm on the 24thfloor of Trump Tower on Fifth Avenue. This was not a coincidence, but a strategic decision by Arif, as it positioned the firm’s office directly outside the elevators used by executives with offices on the upper floors of the building, including Donald Trump himself, who had to transfer elevators before going down to the street level.

Through his networking efforts, Tevfik Arif was able to establish a partnership between Bayrock and another prominent Manhattan real estate property development firm, the Sapir Organization, founded by Georgian immigrant and self-made billionaire Tamir Sapir. This profitable alliance would lead to the construction of a luxury project that would become the highlight of Bayrock’s development Tevfik Arif portfolio.

Tackling the US Bureaucratic Structure

The United States bureaucratic system presented additional challenges for Arif, who was familiar working within the bureaucratic structures governing markets in Kazakhstan, Turkey and Check over here Europe. Property developers are subject to numerous federal, state and local zoning and building regulations, with cumbersome legislation and bureaucratic requirements potentially hampering the progress of development and construction.

Throughout the construction process, developers are also required to obtain several permits issued by local government agencies. From his previous government and business experience, Arif understood the need to build useful relationships with influential politicians who could help break down barriers and expedite the bureaucratic process.

Arif created alliances with local and federal officials, who had influence over zoning laws and controlled agencies responsible for the approval of building permits. He also made political donations to Hillary Clinton, then the Democratic Senator of New York and later Democratic candidate for president, and Rudy Giuliani, former mayor of New York City and Republican candidate for president.

Supporting politicians of both across the political divide is a strategic move rather than an ideological one. In supporting several candidates, a business leader is able to initiate a positive relationship with government leadership regardless of which political party the elected candidate belongs to. Arif made it a priority to maintain strong alliances with those in power by regularly attending political banquets and events, raising his public profile and maintaining lines of communication with government leaders.

Trump SoHo and Beyond

Continuing Bayrock’s expansion, Arif’s company and the Sapir Organization initiated a joint venture to develop a luxury hotel and condominium complex located in a prime real estate district in lower Manhattan. To raise the profile of their development, the partners approached renowned real estate developer Donald Trump proposing a licensing and operating agreement in which he would lease his name to the project. The luxury project would become known as Trump SoHo.

Under the agreement, Trump did not invest his own capital in developing the building that would feature his name, rather all financing, development and construction would be completed by Bayrock and the Sapir Organization. The Trump SoHo development was featured on Trump’s hit television show, The Apprentice, boosting its public profile.

The land purchased for the project was originally zoned for manufacturing, but Bayrock and the Sapir Organization were able to Go to this website obtain approval for the design of the hotel-condo development with certain stipulations through negotiations with then-Democratic New York City Mayor Michael Bloomberg. The $450 million 46-story skyscraper was completed in 2010.

Tevfik Arif and Bayrock explored the possibility of expanding the licensing partnership with Trump in projects developed in the United States and other countries, however, none of these projects were pursued. Arif and Trump ended their business partnership with the downturn of the real estate market during the recession in 2008.

Tevfik Arif, while maintaining an advisory role, has largely retired from the day to day operations of his family’s business. His entrepreneurial success has allowed his family to expand their operations globally into several industrial sectors and real estate markets. Through equal parts ambition and perseverance, Arif has transformed himself from a young boy growing up in Soviet Kazakhstan to a savvy business leader with successful ventures across the globe.

Article Source:

https://baltimorepostexaminer.com/tevfik-arif-advanced-business-ventures-in-the-united-states-through-strategic-alliances-with-donald-trump-hillary-clinton-and-michael-bloomberg/2019/05/16

Entrepreneur Tevfik Arif has successfully forged strategic alliances with prominent business and political leaders across the world to build a thriving global enterprise.

Tevfik Arif was born in 1953 to a Turkish family living in the former Soviet Union. He was the second son in a family of four boys. Arif’s childhood is somewhat of a mystery, as he preferred to keep this part of his life private. What is known to some is his early years positively shaped his personal character and work ethic to become the https://www.f6s.com/tevfikarifbayrock9 successful business leader he is today.

Arif honed his business and negotiating skills at the Moscow Institute of Trade and Economics where he earned a bachelor’s degree in international relations. His education would propel him into an illustrious career as a public servant and businessman.

Public Service Shapes a Young Arif

Arif began his career as a civil servant in the former Soviet Union. During his 17 years of service to the government, Arif held in a number of distinguished positions, first as the chief economist and later earning a promotion to the position of deputy head of the Hotel Management Department, a division of the Ministry of Commerce and Trade. While working for the Ministry, Arif improved the hospitality industry with excellent services provided by many hotels.

Arif resigned from his position in the government ministry in 1991 to pursue a career in the private sector. His former position in the government provided the opportunity to network and collaborate with several business leaders and private companies and utilize these connections to diversify his business interests. Drawing upon his education and growing professional experience, Arif was able to quickly establish himself as a successful https://www.facebook.com business entrepreneur.

Arif Enters the Private Sector

After the fall of the Tevfik Arif Bayrock Soviet Union, Arif and his brother became the owners of a chromium plant, Akytyubinsk Chromium Chemicals Plant (ACCP), located in the newly independent country of Kazakhstan. As a businessman operating in a new market, Arif made it a priority to establish connections within the world of business and politics.

He created working relationships with prominent businessmen and investors including Patokh Chodiev and Alijan Ibragimov, who became leaders in metal and raw material operations during the privatization of industry in Kazakhstan. Arif also formed critical connections with influential political leaders in Kazakhstan and Turkey, including Kanat Saudabayev, the current Secretary of State of Kazakhstan who is responsible for strengthening Kazakh-US relations.

Tevfik Arif also founded the Specialty Chemicals Trading Company that specialized in importing and exporting metals and raw materials. Arif later worked in Kazakhstan as a representative for Trans World Group, a commodity trading company founded by David and Simon Reuben, continuing his efforts to build important allies in the world of business. His industrious work ethic and ability to navigate complex business deals helped to transform the company into the world’s third-largest aluminum producer.

In a region of the world rich in natural resources, his business endeavors were prosperous and quickly expanded. Arif had proven himself as an enterprising and skilled business professsional and began reaping the rewards from his successful ventures. His achievements provided him an opportunity to broaden his business holdings.

Arif Expands into the United States Real Estate Market

After successful ventures in raw materials and commodities trading, Tevfik Arif entered the real estate management industry and has since become a world-renowned real estate developer. His early real estate ventures were focused in Turkey, with the development of the luxury Labada Hotel in click here Antalya, Azerbaijan and Kazakhstan. Finding success in this sector, he decided to expand his property development portfolio to the U.S. market, a natural progression for the savvy entrepreneur.

Arif founded Bayrock Group LLC in 2001 in New York City. From his previous experience entering new markets, Arif understood the value of creating close working relationships with prominent business and political leaders. His perceptive networking and collaboration skills have been an important aspect in all of his business endeavors.

Once established in New York, he made concerted efforts to forge partnerships with members of both the Democratic and Republican political parties in the U.S. Establishing excellent connections with political leaders at the local, state and federal level of government is especially useful for real estate developers, as they are subject to numerous zoning and building regulations. Also, by connecting with government officials on both sides of the political divide, business leaders are able to have access to elected officials, regardless of the party in power

He made it a priority to establish a relationship with Hillary Clinton, who at the time was a Democratic U.S. Senator representing New York, even contributing to her 2008 U.S. presidential campaign. Arif was also introduced to former NYC Mayor Rudy Giuliani and made campaign contributions to the politician’s Republican presidential campaign.

Bayrock Group LLC set up their offices in Trump Tower and developed a working relationship with real estate developer Donald Trump, a world-renowned New York City real estate investor who would later become Republican President of the United States.

Bayrock Group LLC Becomes a Leading New York Real Estate Developer

The first project completed by Arif’s new US venture was the development of Loehmann’s Seaport Plaza, a shopping center located in Sheepshead Bay Brooklyn. Bayrock Group partnered with the real estate investment firm Sapir Organization, founded by self-made billionaire Tamir Sapir who emigrated to the US from the former Soviet Union country of Georgia, on the development of a luxury hotel complex called Trump SoHo.

The 391-unit hotel and condominium venture obtained a name licensing agreement with the Trump Organization. All the development and construction of the tower was executed by Bayrock and the Sapir Organization.

Bayrock Group also began development on the Trump International Hotel and Tower in Fort Lauderdale, Florida under a similar licensing agreement. Arif and Bayrock Group’s working relationship with Trump came to an end in 2008 due to the collapse of the housing market. Arif made a sound strategic business decision to divert funding to his remaining investments and interests across the globe.

Building a Business Legacy

After establishing himself as a successful, global, business entrepreneur, Tevfik Arif has partially retired from his family’s business dealings. As a shrewd negotiator and effective deal maker, he continues to advise the company on global business strategy and investment. He has also devoted a significant amount of his current time and efforts to philanthropic endeavors.

As a private citizen and formal civil servant, Arif understands the vital importance of community. To support Bayrock Tevfik Arif his local community, Arif has contributed financially to Chabad of Port Washington NY, a prominent Jewish community organization located near his home on Long Island in New York. His donation helps to fund the organization’s preschool program, athletic center and other public outreach programs.

Tevfik Arif has always sought to grow global endeavors with a passion for cultures around the world, which has brought him global success and recognition. He has used his diverse cultural background, networking and collaboration skills, an ability to understand the needs of his clients. As well as His keen eye for business strategyhelps build a prosperous international business. The relationships he has built through his business ventures have provided Tevfik Arif many valuable opportunities to expand his business into the thriving global enterprise it is today.

Article Source:

https://augustafreepress.com/establishing-allies-in-business-and-politics-tevfik-arif-kanat-saudabayev-hillary-clinton-rudy-guiliani-tamir-sapir-and-donald-trump/

Entrepreneur Tevfik Arif has successfully forged strategic alliances with prominent business and political leaders across the world to build a thriving global enterprise.

Tevfik Arif was born in 1953 to a Turkish family living in the former Soviet Union. He was the second son in a family of four boys. Arif’s childhood is somewhat of a mystery, as he preferred to keep this part of his life private. What is known to some is his early years positively shaped his personal character and work ethic to become the successful business leader he is today.

Arif honed his business and negotiating skills at the Moscow Institute of Trade and Economics where he earned a bachelor’s degree in international relations. Donald Trump And Tevfik Arif His education would propel him into an illustrious career as a public servant and businessman.

Public Service Shapes a Young Arif

Arif began his career as a civil servant in the former Soviet Union. During his 17 years of service to the government, Arif held in a number of distinguished positions, first as the chief economist and later earning a promotion to the position of deputy head of the Hotel Management Department, a division of the Ministry of Commerce and Trade. While working for the Ministry, Arif improved the hospitality industry with excellent services provided by many hotels.

Arif resigned from his position in the government ministry in 1991 to pursue a career in the private sector. His former position in the government provided the opportunity to network and collaborate with several business leaders and private companies and utilize these connections to diversify his business interests. Drawing upon his education and growing professional experience, Arif was able to quickly establish himself as a successful business Bayrock Tevfik Arif entrepreneur.

Arif Enters the Private Sector

After the fall of the Soviet Union, Arif and his brother became the owners of a chromium plant, Akytyubinsk Chromium Chemicals Plant (ACCP), located in the newly independent country of Kazakhstan. As a businessman operating in a new market, Arif made it a priority to establish connections within the world of business and politics.

He created working relationships with prominent businessmen and investors including Patokh Chodiev and Alijan Ibragimov, who became leaders in metal and raw material operations during the privatization of industry in Kazakhstan. Arif also formed critical connections with influential political leaders in Kazakhstan and Turkey, including Kanat Saudabayev, the current Secretary of State of Kazakhstan who is responsible for strengthening Kazakh-US relations.

Tevfik Arif also founded the Specialty Chemicals Trading Company that specialized in importing and exporting metals and raw materials. Arif later worked in Kazakhstan as a representative for Trans World Group, a commodity trading company founded by David and Simon Reuben, continuing his efforts to build important allies in the world of business. His industrious work ethic and ability to navigate complex business deals helped to transform the company into the world’s third-largest aluminum producer.

In a region of the world rich in natural resources, his business endeavors were prosperous and quickly expanded. Arif had proven himself as an enterprising and skilled business professsional and began reaping the rewards from his successful ventures. His achievements provided him an opportunity to broaden his business holdings.

Arif Expands into the United States Real Estate Market

After successful ventures in raw materials and commodities trading, Tevfik Arif entered the real estate management industry and has since become a world-renowned real estate developer. His early real estate ventures were focused in Turkey, with the development of the luxury Labada Hotel in Antalya, Azerbaijan and Kazakhstan. Finding success in this sector, he decided to expand his property development portfolio to the U.S. market, a natural progression for the savvy entrepreneur.

Arif founded Bayrock Group LLC in 2001 in New York City. From his previous experience entering new markets, Arif understood the value of creating close working relationships with prominent business and political leaders. His perceptive networking and collaboration skills have been an important aspect in all of his business endeavors.

Once established in New York, he made concerted efforts to forge partnerships with members of both the Democratic and Republican political parties in the U.S. Establishing excellent connections with political leaders at the local, state and federal level of government is especially useful for real estate developers, as they are subject to numerous zoning and building regulations. Also, by connecting with government officials on both sides of the political divide, business leaders are able to have access to elected officials, regardless of the party in power

He made it a priority to establish a relationship with Hillary Clinton, who at the time was a Democratic U.S. Senator representing New York, even contributing to Browse this site her 2008 U.S. presidential campaign. Arif was also introduced to former NYC Mayor Rudy Giuliani and made campaign contributions to the politician’s Republican presidential campaign.

Bayrock Group LLC set up their offices in Trump Tower and developed a working relationship with real estate developer Donald Trump, a world-renowned New York City real estate investor who would later become Republican President of the United tevfik arif family States.

Bayrock Group LLC Becomes a Leading New York Real Estate Developer

The first project completed by Arif’s new US venture was the development of Loehmann’s Seaport Plaza, a shopping center located in Sheepshead Bay Brooklyn. Bayrock Group partnered with the real estate investment firm Sapir Organization, founded by self-made billionaire Tamir Sapir who emigrated to the US from the former Soviet Union country of Georgia, on the development of a luxury hotel complex called Trump SoHo.

The 391-unit hotel and condominium venture obtained a name licensing agreement with the Trump Tevfik Arif & Donald Trump Organization. All the development and construction of the tower was executed by Bayrock and the Sapir Organization.

Bayrock Group also began development on the Trump International Hotel and Tower in Fort Lauderdale, Florida under a similar licensing agreement. Arif and Bayrock Group’s working relationship with Trump came to an end in 2008 due to the collapse of the housing market. Arif made a sound strategic business decision to divert funding to his remaining investments and interests across the globe.

Building a Business Legacy

After establishing himself as a successful, global, business entrepreneur, Tevfik Arif has partially retired from his family’s business dealings. As a shrewd negotiator and effective deal maker, he continues to advise the company on global business strategy and investment. He has also devoted a significant amount of his current time and efforts to philanthropic endeavors.

As a private citizen and formal civil servant, Arif understands the vital importance of community. To support his local community, Arif has contributed financially to Chabad of Port Washington NY, a prominent Jewish community organization located near his home on Long Island in New York. His donation helps to fund the organization’s preschool program, athletic center and other public outreach programs.

Tevfik Arif has always sought to grow global endeavors with a passion for cultures around the world, which has brought him global success and recognition. He has used his diverse cultural background, networking and collaboration skills, an ability to understand the needs of his clients. As well as His keen eye for business strategyhelps build a prosperous international business. The relationships he has built through his business ventures have provided Tevfik Arif many valuable opportunities to expand his business into the thriving global enterprise it is today.

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Real Estate Investment Providers In Budapest & Hungary. Invest In Budapest Property.

Brightman-Gil Realty Investments handles a property portfolio through private equity funds. Engagement in Net Income and also Funding Gains: The Course A Members will additionally take part in a pro-rata percent of seventy percent (70%) any kind of extra take-home Bayrock Tevfik Arif pay authorized for circulation to the Course A Members. The Fund Supervisor shall, by the regards to the Operating Arrangement (See Exhibition B - Running Arrangement"), distribute as well as proclaim at least ninety percent (90%) of recognized earnings from Fund procedures to the Members of the LLC and according to the Net Income Distribution timetable as specified in the Fund's Operating Contract. Recognized earnings is specified in the Operating Arrangement as well as shall contain, but not be limited to, revenue stemmed from property leasing activities and also capital gains from the sale of realty possessions.

There are a lot of house structure business whose supply trades on the NYSE everyday, such as Lennar (LEN) and also D.R. Horton (DHI) It's a fascinating financial investment choice for those who believe that the building of houses is something that will continue to increase, because if that's true, service ought to continue to boom.

Industrial real estate has actually been an extremely eye-catching investment for institutional capitalists and numerous individuals. Recently, the quantity of funding going after the possession of industrial property has actually significantly increased. Worths are boosting for 2 factors. Due to the fact that of the need for these facilities and also boosting construction prices, the initial is that rental rates are continuing to climb. Secondly, with the number of capitalists bidding on commercial realty investments, the cap rate, or yield, are remaining to press, which is raising values.

It's good practice to do away with several of your positive capital. It helps to accumulate an emergency pot to pay for unanticipated repair work and also space durations. It likewise adds to conserving for the deposit on your next financial investment building. The more residential or commercial properties you buy, the much more you can conserve, and the faster you can make the following investment.

The current increase in oil rates to the highest in 3 years is anticipated to boost Mideast sovereign wealth funds' money allotment, claimed Fadi Moussalli from JLL's International Funding team in Dubai. This is positive for economic expectation, as higher oil rates will certainly assist enhance confidence and also investment sentiment of Gulf based investors he says.

The concept will certainly be to supply non-accredited investors financial investment automobiles, produced by YieldStreet, where they will be able to gain access to multiple items, Mehere said. We are working through the lawful as well as governing aspects currently." He included that the business is also considering methods of using retirement and IRA represent these users too.

We must always have our washtubs all set for periods when it rains gold." However what regarding the remainder of the time? During regular economic times, you have to strive as well as develop a plan to bring good deals to you. And also you need to stay disciplined with your investment requirements (Step # 4) to ensure that you do not catch the high temperature of a hot market.

We have actually currently talked about the traditional means of purchasing a physical residential or commercial property. Whether that be a commercial or household residential or commercial property, it's about obtaining a physical property system. This needs substantial amounts of cash, which retail financiers might not always have. An additional disadvantage of this traditional approach is that real estate buildings are illiquid, which generally indicates that it takes effort and also time to transform the worth of the building into cash.

Bob's Multifamily Property business covers greater than 35 years. He started learning about multifamily homes as a teenager, cutting grass and walking residential properties for his family members's organisation. If you hold a REIT in a pension, like a Roth Individual Retirement Account, you will not have to stress over tax obligation effects anyway. It's also an excellent means to include some real estate to expand your retirement portfolio.

Rental residential properties additionally require hands-on management, but unlike home turns, they have a lasting financial investment perspective. Any kind of sort of residential property Tevfik Arif (household, industrial, or industrial) can be a rental residential or Tevfik Arif & Donald Trump commercial property. Property owners make regular capital typically on a monthly basis in the form of rental repayment from tenants. This can supply a constant, trustworthy revenue stream for financiers, however it also needs a great deal of work or delegation of obligations to make sure that operations are running efficiently.

Some people as well as business concentrate their financial investment approach on purchasing homes that are in some phase of foreclosure A home is taken into consideration in pre-foreclosure when the home owner has back-pedaled their mortgage. Official repossession processes vary by state and also may be judicial or non-judicial, which impacts the length of time the residential property remains in the pre-foreclosure stage. When the official repossession procedures are underway, these homes can be acquired at a public sale, usually called a foreclosure auction or sheriff's sale. If the building does not sell at the public auction after that possession of the residential or commercial property is gone back to the loan provider. 3 Residences at this stage are called Property Owned, or REOs.

The quantity of realty investment called for to come to be a Turkish citizen has been minimized from $1 million to $250,000 in September. This change in the citizenship legislation has actually raised the investment hunger of Arab investors towards the Turkish property sector. To that respect, 1,500 Arab capitalists from 19 Arab nations are concerning Istanbul in cooperation with the Turkish-Arab Countries Business Organization (TÜRAP) from Nov. 19-22 to assess the financial investment possibilities in the country.

In my case study blog posts on how to vet a real estate fund, Components 1 and also Click for source 2, I took a much deeper dive into what inquiries you require to ask a fund driver you're thinking about attaching. At the very least 80% of its possessions need to be bought residential real-estate. Populace Growth: Given That 2012, Houston's population has boosted 15.87%. During the same period, the nationwide populace tevfik arif forbes expanded by only 3.93%. This shows us that people are relocating to Houston in majority than the majority of other American cities, which is a positive indicator of a strong property market.

Which of the four investment methods to follow based on your finances, offered time as well as circumstance. We are a full-service home consultancy company that supplies a vast spectrum of actual estate-related solutions, including marketing research, property, advertising and marketing, and also consultancy administration services.

Positive Cashflow Investment Characteristic Melbourne, Geared Building Investment.

A wave of cannabis legalisation for entertainment usage is opening as well as brushing up the nation up brand-new opportunities for real estate financiers. Remember that there are many in our sector who gain from the advertising of these experts. Most internet sites focused on the financial investment niche associate with them, making big referral costs - usually on the order of 50% - in return for marketing their products. In addition, a huge portion of property clubs acquire their earnings from events and also items marketed by experts who "show" there. And also indeed, they likewise get a good 50% cut for doing so.

Have investment property that hasn't worked out quite like you had really hoped? Are you seeking to market? HomeVestors franchisees will acquire your property investing buildings as-is" for a reasonable money cost. We can close generally in 1 month so you can get out of your bothersome real estate financial investments promptly.

Property Investment Trusts (REITs) are vehicles that permit financial investment in income-generating realty through Tevfik Arif Bayrock the acquisition of openly traded securities. REITs typically own, trade as well as run in numerous kinds of industrial real estate assets ranging from office complex, apartment building, healthcare facilities, warehouses, hotels and also mall. They allow for individual capitalists to acquire possession of these kinds of residential property profiles by buying shares or units in the REIT. The capitalists receive profits from the property residential property rent. A REIT will operate by renting room as well as handing down accumulated rent settlements to its capitalists via returns.

As the economic climate warms up, central banks generally start increasing rates of interest. With the rise of interest rates, obtaining a home mortgage to finance your realty investment comes to be harder. This additionally results in greater interest expenses as component of your home loan payment. In a property submission, you merge your loan together with various other capitalists to invest in a real estate asset, like an apartment, together.

Broadstone tevfik arif family Web Lease, Inc. - a publicly reporting, independently offered Real Estate Investment company (REIT) that invests in freestanding, single-tenant, absolute net-leased buildings located throughout the United States. Broadstone Internet Lease, LLC, the REIT's operating firm, holds an investment quality debt ranking (Baa3 with a steady expectation) from Moody's. The REIT presently has 621 healthcare, commercial, retail, as well as office properties in 42 states.

Colony Capital, Inc. (Colony Capital; NYSE: CLNY), an associate of CCREI's advisor, is just one of the world's largest investor, owners as well as drivers with roughly $43.0 billion of possessions under monitoring as of June 30, 2018. Nest Funding brings decades of property experience and also significant offer sourcing as well as implementation capacities to this financial investment chance.

Our focus is simple-- produce value in behalf of our pension plan fund and also institutional clients with the tactical implementation of funding and also hostile, hands-on property administration of genuine assets. One core benefit of exclusive real estate financial investments, https://www.dwell.com over even more passive tools like REITs, is the ability of the capitalist to have meaningful impact with an enroller concerning financial investment approach.

You are getting a part, or all, of a possession that can be rented or otherwise used to produce income. With realty investing, capital is the result of proceeds from rental fee payments. Allow's take a multi-family apartment building as an example. State the residential property has 50 devices and also each device rents for $1,000 per month. If we presume an expense proportion of 40%, the earnings per month on that particular property is $30,000. While it is always a great suggestion to keep some section of that net income in reserves, the remainder of the revenue is available for circulation, in this example, $28,500.

Real estate investing can be complex, yet there are some basic principles that work as quick starting factors when evaluating financial investments. However, every market is various, and also it is extremely feasible that these guidelines will certainly not benefit particular circumstances. It is necessary that they be dealt with as such, not as replacements for tough monetary evaluation nor advice from realty experts.

Real Estate Investment Trusts (Short - REIT) offer primarily with Earnings Making Real Estate. A REIT is a firm that manages as well as holds Earnings creating real estate, such as office buildings, shopping centers, hotels, stockrooms, rental houses and so on. A public recognition by the authorities concerning REITs grants them an exception from corporate tax for any type of amount that was dispersed as dividend to investors.

To learn comprehensive information on Global Realty Funds in the U.S. that are appropriately tagged by our experts, click the tabs in the table listed below. The data that can be discovered in each Bayrock Tevfik Arif tab includes historic performance, the various charges in each fund, the initial investment required, variety of holdings, break down of tevfik arif son weights by each sector and also far more. Each ticker and name web links to extra thorough information regarding each fund, including graphs, fund summaries, details about the fund supervisors, and also other important info. The table can be resorted by clicking the first row of any type of column. Each fund might be in more than one table on our site because they typically have greater than one tag connected with them; as an example, a European equity shared fund might be marked as developed markets", equity" and Europe".

Veritas Title Allies is an independent title company known for its experience in settling title concerns and also taking care of the closing process. Based in Houston, Texas, the company offers commercial as well as residential consumers nationwide with a comprehensive collection of abilities, a wide network of experts and also a reputation for excellent service. Veritas is committed to obtaining the best possible result for the customer with every realty transaction. Drawing on the unrivaled know-how of some of the industry's most experienced professionals, the Veritas team provides thoughtful assistance and also supplies can-do solution according to the highest principles as well as standards.

When Tevfik Arif set his sights on the Manhattan real estate market, he made it a priority to develop important connections with business and political insiders to help him establish a Tevfik Arif Bayrock foothold in the industry.

Tevfik Arif is an ambitious entrepreneur, industrialist, investor and property developer with a diverse background and experience working in various markets around the world. Arif, whose family is Turkish, was born in the Soviet Union Republic of Kazakhstan.

With a keen eye for people and business, he pursued a degree in international relations at a university in Moscow. Upon completing his degree, Arif began his career as a civil servant Tevfik Arif & Donald Trump in the Soviet Union Government Ministry of Trade within the ministry’s food and hospitality department. For 17 years Arif served within the government agency as chief economist and deputy director, gaining extensive knowledge and understanding of the inner workings between business leaders and government officials.

When the Soviet Union collapsed in 1991, Arif left public service for the private sector. He started a private company, the Specialty Chemicals Trading Company, that dealt with the export-import of raw materials, primarily chrome and other rare metals. He continued to expand his interests in the mining and raw materials industry through advisory, managerial and ownership roles in several companies over the years.

With his experience and expertise in the hospitality industry gained serving in the Soviet government, Arif began investing and developing luxury hotels in Turkey, including the Hotel Labada situated on the Mediterranean coast, now part of the Rixos chain of resorts.

Delivering Luxury to the New York City Property Market

In 2001, Tevfik Arif ambitiously expanded his international luxury real estate ventures to the United States. He launched the company Bayrock Group and began investing in the New York City property market.

After first investing in commercial and residential property developments in Brooklyn, such as theLoehmann’s Seaport Plaza in Sheepshead’s Bay, he quickly outgrew the borough and set his sights on the more prestigious real estate market of Manhattan.

To generate new opportunities and to ensure the success of his new business enterprise, Arif made it a priority to establish mutually beneficial relationships with leading businesspeople and influential politicians. He sought out industry insiders to help him learn the ins and out of the New York City market. He positioned himself within a circle of influential New York City real estate investors.

Arif took Bayrock straight to the heart of Manhattan real estate by establishing the offices of the firm on the 24thfloor of Trump Tower on Fifth Avenue. This was not a coincidence, but a strategic decision by Arif, as it positioned the firm’s office directly outside the elevators used by executives with offices on the upper floors of the building, including Donald Trump himself, who had to transfer elevators before going down to the street level.

Through his networking efforts, Tevfik Arif was able to establish a partnership between Bayrock and another prominent Manhattan real estate property development firm, the Sapir Organization, founded by Georgian immigrant and self-made billionaire Tamir Sapir. This profitable alliance would lead to the construction of a luxury project that would become the highlight of Bayrock’s development portfolio.

Tackling the US Bureaucratic Structure

The United States bureaucratic system presented additional Donald Trump And Tevfik Arif challenges for Arif, who was familiar working within the bureaucratic structures governing markets in Kazakhstan, Turkey and Europe. Property developers are subject to numerous federal, state and local zoning and building regulations, with cumbersome legislation and bureaucratic requirements potentially hampering the progress of development and construction.

Throughout the construction process, developers are also required to obtain several permits issued by local government agencies. From his previous government and business experience, Arif understood the need to build useful relationships with influential politicians who could help break down barriers and expedite the bureaucratic process.

Arif created alliances with local and federal officials, who had influence over zoning laws and controlled agencies responsible for the approval of building permits. He also made political donations to Hillary Clinton, then the Democratic Senator of New York and later Democratic candidate for president, and Rudy Giuliani, former mayor of New York City and Republican candidate for president.

Supporting politicians of both across the political divide is a strategic move rather than an ideological one. In supporting several candidates, a business leader is able to initiate a positive relationship with government leadership regardless of Bayrock Tevfik Arif which political party the elected candidate belongs to. Arif made it a priority to maintain strong alliances with those in power by regularly attending political banquets and events, raising his public profile and maintaining lines of communication with government leaders.

Trump SoHo and Beyond

Continuing Bayrock’s expansion, Arif’s company and the Sapir Organization initiated a joint venture to develop a luxury hotel and condominium complex located in a prime real estate district in lower Manhattan. To raise the profile of their development, the partners approached renowned real estate developer Donald Trump proposing a licensing and operating agreement in which he would lease his name to the project. The luxury project would become known as Trump SoHo.

Under the agreement, Trump did not invest his own capital in developing the building that would feature his name, rather all financing, development and construction would be completed by Bayrock and the Sapir Organization. The Trump SoHo development was featured on Trump’s hit television show, The Apprentice, boosting its public profile.

The land purchased for the project was originally zoned for manufacturing, but Bayrock and the Sapir Organization were able to obtain approval for Go to this site the design of the hotel-condo development with certain stipulations through negotiations with then-Democratic New York City Mayor Michael Bloomberg. The $450 million 46-story skyscraper was completed in 2010.

Tevfik Arif and Bayrock explored the possibility of expanding the licensing partnership with Trump in projects developed in the United States and other countries, however, none of these projects were pursued. Arif and Trump ended their business partnership with the downturn of the real estate market during the recession in 2008.

Tevfik Arif, while maintaining an advisory role, has largely retired from the day to day operations of his family’s business. His entrepreneurial success has allowed his family to expand their operations globally into several industrial sectors and real estate markets. Through equal parts ambition and perseverance, Arif has transformed himself from a young boy growing up in Soviet Kazakhstan to a savvy business leader with successful ventures across the globe.

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