In ‘Little Moscow,’ Russians helped Donald Trump’s brand survive the recession

[applegrove]

In ‘Little Moscow,’ Russians helped Donald Trump’s brand survive the recession

By Tom Hamburger, Rosalind S. Helderman and Dana Priest at the Washington Post

https://www.washingtonpost.com/politics/in-little-moscow-russians-helped-donald-trumps-brand-survive-the-recession/2016/11/04/f9dbd38e-97cf-11e6-bb29-bf2701dbe0a3_story.html?tid=sm_tw

"SNIP.............


Today, there are so many Russians living in this city, a 1.8-square-mile collection of high-rise condos and upscale strip malls with caviar shops and Russian delis about 25 minutes north of Miami Beach, that locals call it “Little Moscow.” And the Trump brand has been dominant — with six condo skyscrapers in Sunny Isles branded with its logo.

Donald Trump’s positive statements about Vladi­mir Putin and his Russia-aligned policy positions have prompted critics to question the extent of his financial connection to that country. While he has denied having investments in Russia, the experience in Sunny Isles and other Trump-branded communities shows how Russians have invested in him.

The Trump International Beach Resort in Sunny Isles Beach. (Angel Valentin/For The Washington Post)
In addition to the towers of “Little Moscow,” Russian investors have been a valuable source of capital for Trump buildings in nearby Hollywood, Fla., and in a large complex in Panama City, Panama.

Trump does not own these buildings, but, like many Trump projects around the world, he licensed the use of his name and took a percentage of the profits from the initial sales of units. Real estate agents say there have been fewer Russian investors in Florida condos since U.S.-imposed sanctions on Russia took effect in 2014. They predict the market will improve if Trump wins and reconsiders the sanctions.


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[applegrove]

1. And another reason he is soft of Russia.

[Yo_Mama_Been_Loggin]

2. K&R