From the New York site: The uniquely coiffed real estate mogul Donald Trump had barely a hair out of place as he testified in court today, explaining that ALM Unlimited, a New York City-based licensing firm, was not entitled to any commissions from a 2003 deal involving his branded clothing line. ALM has alleged that it arranged a deal between Trump and apparel giant PVH, formerly known as Phillips-Van Heusen, earning a 22.5 percent commission on royalties to start with and later a 10 percent commission on royalties received from the sale of shirts and neck ties. But Trump improperly stopped payments to the company in 2008, ALM alleged. [more]
Posts Tagged ‘Donald Trump’
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Real estate mogul Donald Trump has filed a slew of lawsuits over the past decade, and the Atlantic has rounded up a list of seven noteworthy examples. Though the Donald is occasionally on the receiving end of real estate-related litigation, his forays into court more frequently fixate on other people’s less than glowing descriptions of the bombastic businessman. More recently, Trump sued Bill Maher after the comedian promised on “The Tonight Show” to give Trump $5 million if he could show that his father was not an orangutan. [more]
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While South American buyers have been buying up condominiums in South Florida and New York City, helping to boost the super high-end in both markets, American real estate companies are now returning the favor, the New York Times reported. [more]
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A man accused of violating a restraining order prohibiting him from coming near Ivanka Trump has been taken into custody for approaching her in Doral, NBC Miami reported. John Eugene Enabnit, 32, was arrested Sunday for violating the order, which originates in New York state, the website said. He had previously been arrested during the launch of Trump’s perfume line in New York. [more]
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Donald Trump, the bouffant-haired real estate mogul, is once again trading the boardroom for the courtroom. The developer is likely to testify in court this spring to respond to allegations that he improperly halted payments to New York City-based licensing firm ALM Unlimited, which helped him secure a licensing deal for his Trump-branded clothing line, The Real Deal has learned. [more]
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Despite waning interest and profits in golf courses during the tough economic times, Donald Trump is moving full speed ahead, picking up golf links around the country, sometimes at huge discounts. Trump currently controls 12 golf courses in the U.S., making him stand out as the only American investor still actively acquiring golf courses, according to the New York Post. [more]
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The Ritz-Carlton Golf Club & Spa in Jupiter will soon have new owner by the name Donald Trump, the Palm Beach Post Reported. On Thursday, Trump singed a contract for the golf club for an undisclosed amount and the deal is expect to close in the next month. [more]
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From The Real Deal’s South Florida market report: While Donald Trump made his name (and fortune) in and around New York City, he has had a longtime presence in South Florida — from the Mar-a-Lago Club in Palm Beach, which he has owned since 1985 to the series of condominium towers that bear his name in Sunny Isles Beach and Hollywood. But Trump’s latest South Florida splash was the $170 million purchase of the Doral Golf Resort, on which he plans to spend another $200 million in renovations. Trump recently spoke with The Real Deal about his plans for the resort — he plans to rename it the Trump National Doral — the growing presence of Latin American buyers in Miami and Palm Beach exceptionalism. [more]
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With Election Day upon us, The Real Deal speaks with real estate insiders and dealmakers about which presidential candidate they think will win and what the outcome of the race means for the real estate market. In some cases, participants tipped their hand at how they would be voting. Donald Trump, Red Apple Group’s John Catsimatidis, Rubicon’s Jason Haber, Eastern Consolidated’s Adelaide Polsinelli and Miller Samuel’s Jonathan Miller weigh in. [more]
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With the South Florida real estate market heating up, The Real Deal looks at the some of the region’s biggest commercial and residential deals, and as well as its key dealmakers. We also dish with the Donald, discuss Miami’s ”LeBron effect,” and delve into Latin American buyers’ impact on the South Florida market. To see the complete supplement, check the South Florida section of our November issue page. — Christopher Cameron











