Donald Trump Jumps into Commercial Real Estate

If you are in tune with the economical pulse of the nation, you are sure to know the name Donald Trump. He is one of the most successful businessmen in the world.

Recently, Trump has diversified his influence into such places as casinos and entertainment complexes. He even jumped into the world of broadcast television to try his hand at it, and his run at it has been vastly profitable.

He hosts and produces the NBC TV show “The Apprentice”. It has been running for several seasons and has been a very popular show for television watchers.

Trump has put his foot into many different professional ponds, but as a young college student he started out primarily in the business of real estate.

His father ran a successful real estate organization in New York and he joined with his father’s business after he graduated from college. He worked with his father primarily to buy and renovate residential real estate in locations all over the United States.

While this was the primary focus of his father, Donald quickly jumped into the world of commercial real estate once he was on his feet and he had already found success in the residential arena. The following are some cialis generic vs brand of the biggest and most important commercial real estate deals that Trump ever had a hand in.

Shortly after he found success in residential real estate, Donald turned his sights to Manhattan. He knew that it could be a lucrative area for him to buy and sell commercial real estate, which is easy to find in the New York urban jungle.

One of his first projects was the Commodore Hotel in Manhattan. It had previously gone bankrupt and wasn’t going anywhere.

Trump successfully turned it around and converted it into a brand new Grand Hyatt Hotel. This was only the start of his economic promise.

He would also have a hand in the development of the Javits Convention Center on the west side of Manhattan. He would have a brush with the state government but would not win.

He came to the government and offered to develop the center for $110 million. The government refused and decided to develop the property by themselves.

They would later regret it! Instead of the project only costing $110 million, the state had a construction bill of almost $1 billion.

Trump would have another similar experience later with the Wollman rink in Central Park. The city started out with the project and tore it to shreds.

It Cialis Professional was supposed to be a 2.5 year project. It ended up taking more than 6 years with a $12 million price tag. It was a huge disaster.

Soon after, he and his company offered to take the project off of the city’s hands. He quickly showed his professional prowess once he had the property in his possession.

His company completed the job in six for less than $3 million. The story of the development of the rink gained attention from the local news.

He also owns commercial space in the Trump International Hotel and Tower, which is located next to Columbus Circle in Midtown Manhattan. This is a building that doubles as a condominium building and a hotel.

In recent years, he has extended the name of “Trump International Hotel and Tower” to several different locations around the United States. He does this to continue to spread his name and influence to other lucrative real estate markets around the country.

Several new International Hotel and Towers are being developed in many American cities: Honolulu, Atlanta, and Chicago. He is even developing a hotel and tower in the Canadian metropolis of Toronto.

As you can see, Donald has been very successful in the venture of commercial businesses. He showed his economic power with residential when he was young, and immediately after he moved into the commercial venture he started to see the money come in.

Even though he is 63 years old, Trump is still going strong as an avid businessman who keeps busy with his projects. Who knows what ventures Donald will get involved with in the coming years!

Author Bio: Tommy Greene has worked since 1991 in property investments. He loves all things financial and is savvy in handling a triple net lease.He has been a guest lecturer for the past 9 years.

Contact Info:
Tommy Greene
TommyGreene09@gmail.com
http://www.stanjohnsonco.com

Category: Kamagra Gold Finance/Real Estate
Keywords: Triple Net Lease

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