The son is a lot more down to earth than his father in these difficult times for developers. From International Property Journal.
In an interview with CityscapeConnect, Donald Trump, Jr., the executive v.p. of development and acquisition for his father’s company, wanted to make it clear he’s “not necessarily the spoiled brat that many people would love to envision me as.”
Once he cleared that up, Heir Trump focused on business and he wasn’t painting the same rosy pictures favored by his perpetually cheerleading father.
For buyers, his negotiating advice was to make an offer. “You don’t get anything you don’t ask for,” Trump, Jr. said. “Try for it, you’ll probably get it.”
Trump urged developers to grasp a better understanding of the reality of the market. “The days of thinking you’re going to sell average building sell outs at $3,000-plus a square foot anywhere is over,” he said. “It doesn’t exist anymore.”
Developers need to stop “trying to squeeze blood out of a rock” and make deals, he said. “It’s more important to make deals and create velocity.”
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