Home - CBSNews.com | Developer scraps Trump Tower Australia plans, citing Iran war

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The $1.1 billion Trump International Hotel and Tower planned for the Gold Coast, Australia, has been cancelled after the developer, Altus Property Group’s CEO David Young, said the Iran war made the Trump brand “toxic” to Australians, prompting the Trump Organization to end the deal and accuse Young of financial defaults; Young denied the accusations, insisting the termination was purely business‑related and not personal, while noting the project could proceed without the Trump name—additionally, a local petition opposing the development has amassed over 140,000 signatures, reflecting widespread discomfort with the Trump brand.

Read more: https://www.cbsnews.com/news/trump-tower-australia-scrapped-developer-says-iran-war-trump-brand-toxic/

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"Following the bumper year that was 2021, 2022 had a tall order to fill. For the first months of 2022, there were few signs of slowing in the economy and markets; however, there was growing uncertainty about how long the good times could last."

https://www.altusgroup.com/insights/us-cre-four-themes-to-watch-in-2023/

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