The Special Counsel's Probe Is Looking Into Trump's Real Estate Business

The special counsel’s investigation into President Donald Trump and his campaign team’s Russia ties has pivoted to the president’s real estate business. In particular, the probe led by Special Counsel Robert Mueller will dissect several transactions involving Trump and several of his associates’ businesses, Bloomberg reports.

This move may prove difficult as Trump’s relationship with Russian clients goes back years, somewhat blurring the boundaries of the investigation.

FBI officials are examining several Russian-backed purchases of Trump properties, including Trump’s involvement in the Manhattan SoHo development with Bayrock Capital — which was accused of committing fraud to evade taxes in 2010 — the Miss Universe pageant in Moscow four years ago and Trump’s offloading of a Florida mansion to a Russian official, Bloomberg reports.

Trump told New York Times reporters Wednesday that any examination by Mueller into his personal finances and business dealings that extend beyond Russia crosses a line.

“Look, this is about Russia. So I think if he wants to go, my finances are extremely good, my company is an unbelievably successful company. And actually, when I do my filings, people say, ‘man,’” Trump said to the Times.

The president said he does not make money off Russia. He said his transactions with the country do not extend beyond selling a condo unit every now and then to someone of Russian descent.

“I don’t have buildings in Russia. They said I own buildings in Russia. I don’t. They said I made money from Russia. I don’t. It’s not my thing. I don’t, I don’t do that,” Trump said during the interview.

Continue reading this story with a free account

Log in or register
Sign up for more articles like this
Subscribe to Bisnow's National Newsletters
Related Stories

Why Hines Is Restarting Its Development Engine

After Departing Trump Admin, HUD's Former Philly Head Joins Local Planning Commission

How Integrated Infrastructure Can Help AI Data Centers Deploy Faster, Build Smarter

Nvidia Buys Stake In Data Center Power Company

Invesco Cuts Fees, Adds Incentives To Quell Fund Redemption Requests

Investors Anchor Big Capital Into Marinas, Betting On Shallow Supply

Developers Eyeing Dallas' 50-Mile Trails Loop For Uptown-Like Opportunities

Nike Closes 15 Stores Amid Tumultuous Year

Large Commercial Real Estate Sales Up 30% Despite Economic Headwinds

Evergrande Founder Sentenced To Life, 56 Others Sent To Prison In China

Loud And Clear: Why Aiphone Thinks Intercom Ownership Is Best For Multitenant Buildings

The Fast-Food Exec Taking Her Real Estate Talents To The Looksmaxxing Era