Laguna Beach real estate investor and Indy owner Allan Simon pursued his favorite topics this week, quizzing real estate mogul Donald Trump about the recession’s impact on his Palos Verdes golf course, investing, and the nation’s foreign-economic policy.
Readers can listen to the full interview at OCinsite.com and expect more about Trump in a future issue of Laguna Beach Magazine.
In the interview, Trump said the recession has not hurt the 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 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.
