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10 Facts About Bayrock Group

1.

Bayrock Group is a private real estate investment and development firm specializing in luxury residential, commercial and mixed use projects.

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2.

Bayrock Group was founded in 2001 by Tevfik Arif, a former Soviet official from Kazakhstan.

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3.

Bayrock Group has had strategic partnerships with international entities outside of the United States including Icelandic investment company FL Group.

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4.

Bayrock Group began developing property in Brooklyn, initially redeveloping Loehmann's Seaport Plaza, a three-story, 280,000-square-foot waterfront shopping center on Emmons Avenue in Sheepshead Bay, Brooklyn.

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5.

In 2003, Bayrock Group purchased a site out of bankruptcy in the Camelback Corridor of Phoenix, Arizona.

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6.

Bayrock Group located Russian investors and a potential site for the high-rise, a closed pencil factory named for Sacco and Vanzetti.

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7.

In 2007, Bayrock traded future profits from Trump SoHo and other projects in exchange for $50 million in financing from Icelandic company FL Group.

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8.

Bayrock Group entered into a joint venture with Trump to develop the Trump International Hotel and Tower in Fort Lauderdale, Florida.

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9.

The suit alleged that Bayrock Group had skimmed money its planned Trump development in Phoenix.

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10.

Bayrock Group countersued two days later, filing a complaint with the New York Supreme Court, the case was eventually dropped.

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