More mansions

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October 28th, 2018 at 3:10:03 PM permalink
Fleastiff
Member since: Oct 27, 2012
Threads: 54
Posts: 6500
Oh, I wonder if this is not an example of the Chinese sardine can they teach in business schools.

Those residential apartment units were probably all window dressing to sell the hotel condominium units. As interest rates changed "buyers" may have had remorse but mainly there probably were few buyers anyway. It was 'get Trump's name on it, convince buyers it was not going to be ALL condo hotel, there would be some full time residents, once you've sold the hotel units, you no longer need the window dressing.'
October 28th, 2018 at 7:09:46 PM permalink
Pacomartin
Member since: Oct 24, 2012
Threads: 859
Posts: 10231
I don't think Trump's International operations in Latin America are not doing as well as those in Asia.

Trump Tower Tijuana proposal

  1. Trump Ocean Club International Hotel and Tower, Panama
  2. Trump Ocean Resort Baja Mexico was a planned 3 tower, 25-story, 526 unit hotel condominium, San Diego. This project collapsed due to the project's failure to secure financing.
  3. Trump at Cap Cana will be located in Punta Cana, Dominican Republic.
  4. As of February 2017 in South America, the Trump Organization had one active project: the Trump Tower Punta del Este in Punta del Este, Uruguay. By that time, the company had ended its involvement with two projects in Rio de Janeiro, Brazil: the partially built Trump Hotel Rio de Janeiro and the unbuilt Trump Towers Rio office complex. The company also dropped plans for another office project, the 35-story Trump Office Buenos Aires, which was to be built in Buenos Aires, Argentina. Paulo Figueiredo Filho partnered with the organization in Brazil and "worked mostly with the [Trump] children".
  5. Trump International Hotel & Tower Vancouver, Vancouver. A skyscraper under construction in Downtown Vancouver, British Columbia, Canada. The 63-story, 188-metre-high (617 ft), mixed-use tower is located at 1133 West Georgia Street, and has been completed in 2016. Trump Vancouver is the second tallest building in the city, after the Shangri-La tower located across West Georgia Street. The licensed tower in Vancouver is a project primarily of Donald Jr.'s with its builder, "Malaysian heir Joo Kim Tiah".
  6. Trump World Seoul, Korea: Which Trump received a licensing fee of $5 million to lend his name.
  7. Trump Towers Istanbul, Istanbul, Turkey
  8. The Palm Trump International Hotel and Tower, Dubai
  9. Trump Tower Manila, Makati City, Metro Manila, Philippines: The brand name and mark under license. Philippines president Rodrigo Duterte "appointed Trump partner Jose Antonio to serve as a special envoy to the United States just before Trump's November victory".
  10. Trump Tower, Mumbai, India. "Billionaire Mangal Lodha is developing a 75-story, 300 apartments luxury residential project called Trump Towers building while serving as a regional vice president of a major political party."
  11. Trump Towers Pune, India, built in association with Panchshil Realty in Pune's Kalyani Nagar area.
  12. Trump Towers, Gurugram, India is the largest super-luxury residential development in India with 1.25 million sq. ft. project near Golf Course Extension Road, which will be built by IREO alongside a retail complex for about Rs 1,000 crore.
  13. Trump Towers, Gurugram, India is the second project in Gurgaon tied up with developer M3M India to build a residential building in Gurgaon.
  14. Trump Towers Kolkata, India is the result of tie up with Unimark Group and Trump Organization to build a 38 floor 400,000 sq. ft. residential project near Eastern Metropolitan Bypass stretch, Kolkata.
  15. Elite Tower, Ramat Gan, Israel was a planned commercial real estate development slated to be the tallest building in Israel. Called the Trump Plaza Tower, Trump shelved the plans in 2007, when the site was sold on to Azorim for NIS 306.5 million. Trump purchased the site for $44 million.
  16. Trump International Hotel & Tower Lido Lake, West Java, Indonesia. Trump Hotels will be involved with the 700-hectare Lido Lake development, 1 hour from Bandung, Indonesia including a six-star luxury resort, 18-hole signature Ernie Els championship golf course, elite Lifestyle Country Club & Spa as well as a high-end residential offering including luxury villas and condominiums. One of the Trump Organization's partners in Indonesia is Tanoesoedibjo, who is "building up a following as he mulls a presidential run", according to Forbes. MNC Lido City is partially funded by the Chinese government.
November 14th, 2018 at 2:19:45 PM permalink
rxwine
Member since: Oct 24, 2012
Threads: 132
Posts: 6666
Heard the Mayor of Malibu say about half the homes were burned. So, looked up average sale price in area...said was 6 million.

Assuming many of the wealthy did have insurance, wonder if the insurance industry is groaning under that weight?


http://www.malibutimes.com/news/article_46083006-1739-11e8-a4a6-ff842a487a3a.html
Nobody learned anything from the global financial crisis.
November 14th, 2018 at 6:40:56 PM permalink
Pacomartin
Member since: Oct 24, 2012
Threads: 859
Posts: 10231
Quote: rxwine
Heard the Mayor of Malibu say about half the homes were burned. So, looked up average sale price in area...said was 6 million.

Assuming many of the wealthy did have insurance, wonder if the insurance industry is groaning under that weight?


It is unlikely that the average home burned was $6 million. Probably a bunch of cheaper homes that are close together were burned.
November 15th, 2018 at 6:03:33 AM permalink
DRich
Member since: Oct 24, 2012
Threads: 22
Posts: 1016
Quote: Pacomartin
It is unlikely that the average home burned was $6 million. Probably a bunch of cheaper homes that are close together were burned.


It is generally the home and the land that is selling for $6 million of which it is the land that holds most of the value. Clearly the owner still has title to the land so they just need to replace the structure.
November 15th, 2018 at 2:11:12 PM permalink
Fleastiff
Member since: Oct 27, 2012
Threads: 54
Posts: 6500
boondocks of Kentucky have better roads, who wants to take a fire truck onto a twisting rutted 15mph road and get trapped?
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