Difference between revisions of "Foreign Real Estate"

{{Quotation|Entrepreneur and real estate mogul [[Donald Trump]] is considering real estate investments including casinos and golf courses in the former Soviet republic of Georgia. He has sent [[Michael Cohen]], executive vice president of the [[Trump Organization]], to the country to sound out possibilities after being impressed by the country's president [[Mikheil Saakashvili]] on a recent trip to New York. [...] Cohen visited 13 potential development sites and said he was impressed by the Black Sea coastal town of Batumi. It is largely an unknown destination outside central Europe but is a popular destination for tourists from Central Asia due to a temperate climate and proximity to the Turkish border. (Realty Plus, July 16, 2010)}}

{{Quotation|Entrepreneur and real estate mogul [[Donald Trump]] is considering real estate investments including casinos and golf courses in the former Soviet republic of Georgia. He has sent [[Michael Cohen]], executive vice president of the [[Trump Organization]], to the country to sound out possibilities after being impressed by the country's president [[Mikheil Saakashvili]] on a recent trip to New York. [...] Cohen visited 13 potential development sites and said he was impressed by the Black Sea coastal town of Batumi. It is largely an unknown destination outside central Europe but is a popular destination for tourists from Central Asia due to a temperate climate and proximity to the Turkish border. (Realty Plus, July 16, 2010)}}

{{Quotation|US property tycoon [[Donald Trump]] has agreed to build one of his iconic Trump Tower developments in the tiny former Soviet republic of Georgia, the Georgian presidency said Wednesday. Trump signed an agreement with Georgia's President [[Mikheil Saakashvili]] in New York to build the tower, the presidential administration said in a statement. It provided no financial details of the agreement and said a decision had not yet been made on where the building would be located. [...] Saakashvili was in New York for the UN General Assembly session and for meetings with potential investors as he seeks to revive Georgia's struggling economy. Georgia's once-booming economy has suffered from investor flight due to the global economic crisis and its five-day war with Russia in August 2008, contracting by 3.9 percent in 2009. The Georgian government is seeking to revive interest from investors after foreign direct investment plummeted last year by 51 percent, in particular by touting its Black Sea coast as a holiday destination. (Agence France Presse, September 22, 2010)}}

{{Quotation|US property tycoon [[Donald Trump]] has agreed to build one of his iconic Trump Tower developments in the tiny former Soviet republic of Georgia, the Georgian presidency said Wednesday. Trump signed an agreement with Georgia's President [[Mikheil Saakashvili]] in New York to build the tower, the presidential administration said in a statement. It provided no financial details of the agreement and said a decision had not yet been made on where the building would be located. [...] Saakashvili was in New York for the UN General Assembly session and for meetings with potential investors as he seeks to revive Georgia's struggling economy. Georgia's once-booming economy has suffered from investor flight due to the global economic crisis and its five-day war with Russia in August 2008, contracting by 3.9 percent in 2009. The Georgian government is seeking to revive interest from investors after foreign direct investment plummeted last year by 51 percent, in particular by touting its Black Sea coast as a holiday destination. (Agence France Presse, September 22, 2010)}}