In the last few years, due to his renewed celebrity with the Apprentice, Donald Trump has been franchising his name (along with some consulting) to other developers for projects around the country.
This is smart on his part because, in this way, he can make good money with less risk than if he did the projects on his own.
However, there have been problems and delays with Trump Tower Tampa.
So, Donald Trump spent months trying to buy out the developer, Tamps-based SimDag LLC.
Now, however, an Orlando-based private equity firm, Mirabilis Ventures, outbid him, and got the 52-story condo tower for $260 million.
As part of the takeover, Mirabilis is aquiring the SimDag personnel, and say that they look forward to working with Trump.
Monday, 11 December 2006
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