Recently, Donald Trump rejected a $90 million offer on his Palm Beach estate Maison de l'Amitie. His asking price is $125 million and the offer was made by Steve Schwarzman, who just led the IPO for Blackstone.It seems as though Donald Trump is looking for the publicity in this Real Estate venture, and therefore, the timing is not as important as the money. In fact, some say that his target is selling the Real Estate for not less than $100 million and he's willing to wait to get it. In fact, selling a Real Estate property for more than $100 million, will get him worldwide press and coverage, which is what the Trump brand is really after...As WSJ.com informs:"Mr. Schwarzman, Blackstone’s $7 billion man, made a $90 million offer in recent months for Maison de l’Amitie , the Palm Beach estate that’s being sold by Donald Trump, according to people familiar with the offer. Yet Mr. Trump rejected the bid, saying the price was too low, these people said. The house is listed for $125 million. People close to the situation say Mr. Trump rejected the offer quickly, since he wants to get at least $100 million for the place.“He wants to hit the magic number of $100 million,”says one Palm Beach realtor.“Getting the price is more important to him than selling it quickly.”Mr. Trump, in a rare moment of media silence, declined comment. A spokesman for Mr. Schwarzman couldn’t be reached for comment this afternoon."
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