Newport Beach Indy owner and real estate investor Allan Simon pursued his favorite topics this week, quizzing real estate mogul Donald Trump about the recession’s impact on his Southern California holdings, investing, and the nation’s foreign-economic policy.
In the interview, which is posted on OCinSite.com, Trump said the recession has not hurt his top-rated 18-hole golf course near Portuguese Bend Beach, where 40,000 rounds are played annually. He did concede slow sales of the 75 adjacent ocean-view lots. Just six have homes, valued between $12.5 million and $4 million, he said.
“Frankly, I hate selling land on the ocean,” said Trump, who nevertheless last month put his golf-course home in Rancho Palos Verdes on the market for $12 million.
Though he likes Southern California, Trump says he is forswearing any other projects due to uncertainty in state government.
Readers can listen to the full interview at OCinSite.com.