“I read your info on Trump towers. In particular I am curious on tower three do you think that will close as condos or do you think the new owners want to lease them out for a while or sell the building of in total or turn it into a luxury rental or time share? I think it is odd they are offering to return peoples EM above the 15% they are entitled to keep. Or buy next door in tower to for a better price. But not offer to reduce the price if they closed in tower three what do you think?”

Answer:

Legitimate questions/concerns in all regards yet knowing the business reputation of Mr. Gil Dezer (s/ & father) they will most definitely continue until they are sold. They have financial backing and fearless. I would bet my 2010 income the Trump Tower III will be sold as condos. They have contracts ready to close for Tower III but realize to fill a condo tower takes around 18 months now. I don't know the strategy in moving them over to Trump Tower II other than to fill it up faster and pay off the construction loan for tower II. The Dezer's are businessmen and would prefer to “play fair” keeping the buyers (NO, 'speculators') happy and discount them on this transfer to close; so that they at least close vs. walking from their deposits and most likely never owning in SIB. No one wants to see that..

It may very well all come back to the completion of a tower, paying off the construction loan and then moving to Trump Tower III. This is my best guess as a developer might approach it. Fact is these Tower II condos are selling well given their price points.