Trump says Palm Beach is “a unique place”: VIDEO

TRD New York /
Mar.March 20, 2012 12:30 PM

Following the purchase of the Doral Golf Resort in Miami late last month, developer Donald Trump said today that he’s now looking all over the country for new real estate. He called into CNBC this morning (see video above) and mentioned that Palm Beach, Fla. is a good place to invest.

“Palm Beach is a unique place,” Trump said. “It’s just rich and good,” mainly because he said that Palm Beach “is never affected by the economy.” Of course, Trump already owns the Mar-a-Lago Club in Palm Beach.

However, he said he sees a lot of weak pockets of real estate around the country, though he didn’t specify what they were. This could mean it’s a good time to invest, he said, “but I don’t see a lot of them coming back very quickly.”

As previously reported, Trump closed on the Doral Golf Resort in Miami for $150 million late last month. Trump said he considers this purchase an expression of confidence in the Miami market, as well as confidence in the economy and in the golf sector. “Miami’s really hot,” he said. “You’re talking about 800 acres right smack in the middle of Miami… I look at it as the greatest hedge against inflation.” [CNBC]


Related Articles

arrow_forward_ios
Make Greenland Great Again? Trump wants to buy Arctic territory

Make Greenland Great Again? Trump wants to buy Arctic territory

Hamptons’ priciest summer rental to host MAGA extravaganza next month

Hamptons’ priciest summer rental to host MAGA extravaganza next month

Trump Tower at 725 5th Avenue and Donald Trump (Credit: Getty Images)

Trump Tower occupancy rates depended on who asked

Donald Trump and Michael Bloomberg (Credit: Getty Images)

Bloomberg v. Trump: Real estate edition

Donald Trump and Michael Bloomberg (Credit: Getty Images)

Bloomberg v. Trump: Real estate edition

Rotem Rosen and 502 Park Avenue (Credit: Google Maps and Getty Images)

Real estate tycoon leaves one penthouse for another

The Daily Digest - Tuesday

Court demands Trump tax returns, New MCI rules are retroactive

Donald and Melania Trump at the entrance way of Mar-a-Lago (Credit: Getty Images)

With move to Mar-a-Lago, Trump could use Florida real estate law to protect himself from creditors

arrow_forward_ios
Loading...