Trump Organization

September 21, 2022

Lawsuit seeks to bar Donald Trump from acquiring any New York real estate for five years

New York Attorney General Letitia James is looking to bar former President Donald Trump and his three adult children from acquiring real estate in New York for five years, a move that could deal a major blow to the family's business empire. In a civil lawsuit filed on Wednesday, James accused Trump and his business of engaging in years of deliberate financial fraud "to obtain a host of economic benefits." According to the Office of the Attorney General, Trump and the Trump Organization intentionally created more than 200 false and misleading valuations of assets in annual statements to defraud financial institutions from 2011 to 2021. The 214-page complaint comes after a three-year investigation into fraud across nearly two dozen Trump properties and assets.
More here

Policy

Trump-operated ice rinks in Central Park to stay open for rest of season

Photo of the Wollman Rink by bekhap on Flickr

February 22, 2021

Trump-operated ice rinks in Central Park to stay open for rest of season

By Devin Gannon

Two ice rinks in Central Park that are operated by the Trump Organization will now remain open for the rest of the season instead of shuttering early as originally planned. The Trump Organization announced it would close Wollman Rink and Lasker Rink on Sunday after city officials requested the company cease operations on February 26, ahead of the contract's April expiration. Mayor Bill de Blasio announced the termination of the agreements with former President Donald Trump's company for the ice rinks and two other city concessions following the insurrection at the U.S. Capitol on January 6. In a reversal, the city on Sunday said the rinks can stay open for the remainder of the season.
Details this way

Policy

Photo of Wollman Rink by subherwal on Flickr

January 13, 2021

NYC will cancel Trump Organization contracts after Capitol riot

By Devin Gannon

New York City will cancel three contracts with the Trump Organization after last week's deadly insurrection at the U.S. Capitol. Mayor Bill de Blasio on Wednesday announced plans to terminate agreements for two ice rinks at Central Park, the Central Park Carousel, and the Trump Golf Links at Ferry Point in the Bronx. President Donald Trump still owns the organization but has given his sons Eric and Donald Jr. control over the business. "Goodbye to the Trump Organization," de Blasio said during a press briefing. "We're not doing any business with you."
Get the details

Policy

NYC Council seeks to terminate Trump Organization’s contracts with the Parks Department

The Central Park Carousel is one of four NYC Parks properties operated by the Trump Organization; image by Shelley Panzarella via Flickr

December 20, 2019

NYC Council seeks to terminate Trump Organization’s contracts with the Parks Department

By Alexandra Alexa

Manhattan Councilman Mark Levine introduced a resolution on Thursday urging Mayor Bill de Blasio to terminate the Trump Organization's ongoing contracts with the city, the Daily News reports. The president's company has four contracts with the Parks Department to operate the Lasker and Wollman Skating Rinks in Central Park, the Central Park Carousel, and the Trump Golf Links in the Bronx. Levine—who issued similar demands in 2018 and 2015—argued that the contracts violate the Domestic Emoluments Clause of the Constitution and that Trump's association with the venues is causing the city to lose money.
More info

Policy

Photo by subherwal on Flickr

October 23, 2019

Trump Organization removes president’s name from Central Park ice rinks

By Devin Gannon

As New York City's many ice skating rinks start to open this month for the season, two Central Park arenas will debut a slightly updated look. The Trump Organization has removed President Donald Trump's name from Wollman Rink and Lasker Rink, marking the first time the business has voluntarily distanced itself from its owner, according to the Washington Post. City officials told the newspaper that the president's company informed them about the plan to remove the signage this past summer but provided no reason behind the change.
More here

Real Estate Trends

Condo board at Trump’s Central Park West building votes to keep president’s name on signage

Photo by Loozrboy on Flickr

September 12, 2019

Condo board at Trump’s Central Park West building votes to keep president’s name on signage

By Michelle Cohen

The condo board of the glass tower at One Central Park West on Tuesday voted unanimously to retain the Trump name on the signage at the front of the building, the New York Post reports. However, the word “tower” will be removed from the marquee over the front entrance, to be replaced with the building's address. As 6sqft previously reported, as part of a larger renovation of the Trump International Hotel and Tower in Columbus Circle, the Trump Organization was reconsidering its heavily-branded signage, and some building owners say Trump’s polarizing presidency is depreciating the value of their investments.
A compromise of sorts

Uncategorized

Trump Organization considers rebranding the Trump International Hotel and Tower

Image via Flickr

August 26, 2019

Trump Organization considers rebranding the Trump International Hotel and Tower

By Alexandra Alexa

As part of a larger renovation of the Trump International Hotel and Tower in Columbus Circle, the Trump Organization is expected to reconsider its heavily-branded signage, the New York Times reports. The president's eldest son, Donald Trump Jr., has proposed a compromise to appease building owners who say Trump's polarizing presidency is depreciating the value of their investments without losing the Trump branding entirely.
More details

Uncategorized

Trump-run Wollman Rink via subherwal on Flickr

September 12, 2018

Trump-run attractions in NYC suffer from declining revenue

By Devin Gannon

Although President Donald Trump continues to profit from his family-run business while serving in office, the New York-native is seeing a drop in revenue in his hometown. At four concessions in New York City run by the Trump Organization, sales have dropped or have been flat since Trump became president, the New York Times reported on Wednesday. Even as tourism is on the rise and the city's economy is bustling, business is not booming for two Trump-affiliated ice rinks, a Bronx golf course, and a carousel in Central Park.
More this way

Real Estate Trends

Trump Organization will fight ‘rogue individuals’ who want the president’s name shed from UWS condo

Photo via Nick Normal’s Flickr

April 24, 2018

Trump Organization will fight ‘rogue individuals’ who want the president’s name shed from UWS condo

By Devin Gannon

In February of 2017, residents of Trump Place at 200 Riverside Boulevard voted to remove "TRUMP" from the condo building's exterior. Neighboring buildings found at 140, 160, and 180 Riverside Boulevard had already successfully removed his name, following a petition with hundreds of signatures. However, the 48-story condo at Trump Place, located on the Upper West Side, has not moved forward with the removal of the president's name because the Trump Organization threatened to sue. In response to this threat, board members in January asked a judge to issue a declaratory judgment that the condo has the right to either keep or remove the letters without violating its licensing agreement. The president's son, Eric Trump, who serves as a trustee of the organization, promised on Monday to "fight vehemently against rogue individuals" who want to remove the name (h/t West Side Rag).
Find out more

Policy

Saudi prince wants Trump building’s ‘grossly disproportionate’ rent lawsuit thrown out

Image courtesy of CityRealty

March 27, 2018

Saudi prince wants Trump building’s ‘grossly disproportionate’ rent lawsuit thrown out

By Michelle Cohen

Trump Park Avenue LLC, a unit of President Trump's company, sued Faisal bin Abdul Majeed al-Saud in February claiming the Saudi prince signed a lease on the Manhattan condo at 502 Park Avenue in 2013 but hasn't paid rent since January 2017. Bloomberg reports that according to a complaint filed in New York State Supreme Court, the Trump Organization says the defendant agreed in June 2014 to extend his lease through June 2019. The defendant, on the other hand, says the landlord failed to comply with lease’s terms and is asking the judge to toss out a lawsuit seeking almost $2 million in unpaid rent, claiming that he gave back the keys to the penthouse last year.
More international drama and intrigue this way

Uncategorized

Trump Organization

Pitch a Story

Interested in seeing the property in person?

Interested in seeing the property in person?

Distinctive Post Form

Get in Touch

Send us a Tip

Interesting in learning more about purchasing a new home?

Thinking about selling your home?

Sell a Home (Footer)

Before You Move On from this Page.

Your Passport to NYC:Subscribe for Local Insights and Stories!

Before You Move On
from this Page.

Your Passport to NYC:
Subscribe for Local Insights and Stories!