Trumped Condos (from WSJ)…The condos in question, north of Miami in Sunny Isles, are being developed by the Related Group, of Miami, and New York-based Dezer Properties Inc.’s Dezer Development but being marketed as Trump Towers under a licensing agreement with Donald Trump.
…Mr. Cooper’s lawsuit, filed in Miami-Dade County Circuit Court, alleges that buyers were “duped” into a “fraudulent marketing ploy.” One of the allegations in the 80-page complaint: The condo may not be able to use the Trump name permanently. It alleges that the licensing agreement doesn’t provide for the famed name to be used after the developers relinquish control of the condo association.
Related and the Trump Organization executives said they haven’t fully reviewed the suit but scoffed at that allegation. “The licensing agreement…absolutely entitles each property to the use of the Trump Tower name,” says Douglas Bischoff, Related’s general counsel.
Meanwhile, in Scotland…Real-estate mogul Donald Trump paid a visit to his mother’s birthplace on a remote Scottish island Monday, asserting his local credentials as he seeks to build a $2.5 billion golf resort on the other side of the country.
|Donald Trump in Tong, on the Isle of Lewis, Scotland where his mother was brought up.|
Mr. Trump arrived in his private jet at the Isle of Lewis, Scotland, with his sister, U.S. federal judge Maryanne Trump Barry. He stayed about three hours, visiting the village of Tong, where his mother grew up, and a stately home the local council wants him to invest in, a spokesman for the council said.
The New York real-estate mogul has been touting his Scottish ancestry as part of his efforts to build a luxury golf resort near Aberdeen, about 430 kilometers southeast of Tong. A local council committee in Aberdeen has spurned his advances, saying the development would hurt a conservation area and displace locals…
And locals have much to say, or at least Londoners offended by Mr. T’s golden tresses and brassy sensibilities…
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