Chapter 1046: 357. Sale of Florida land_3

Rumor has it that Paul Warburg is preparing to launch a land insurance business, but Donnie doesn’t know the specifics yet.

Donnie said, “If they insist, tell them we can finalize the property transfer, allocate land of equivalent value to them, and if they want to continue holding it, that’s their choice!”

This is something Donnie won’t persuade them on; he can only watch whether they can resist the temptation now.

Kafe Jackson asked quietly, “Boss, even if we want to withdraw from the Florida market, can’t we keep some land? The development there is very good now, and even if the land prices are a bit inflated, based on Florida’s development, even if they fall in the future, we won’t have pressure since we’re using cash!”

Because of the real estate boom in Florida, many real estate banks there have sprung up like mushrooms after rain, which has led to many banks relaxing their policies on real estate loans.

A more specific analysis would be that the current real estate situation in Florida is almost like the United States during the 2008 subprime mortgage crisis!

The only difference is that Florida’s tourism industry is booming, and to some extent, it’s tourism that’s supporting Florida’s real estate industry.

“No!” Donnie said sternly, “There’s no room for negotiation on this matter. If you really don’t want to execute, I can replace you!”

Seeing Donnie’s appearance, Kafe Jackson was shocked; he’d been by Donnie’s side for quite some time and knew his personality. Given the circumstances, if he dared to oppose Donnie’s ideas.

Then what awaits him would not be merely the consequence of not being responsible for this matter.

“I understand. I will firmly follow your instructions!”

Only then did Donnie nod in satisfaction and say, “While handling this matter, you need to shift focus from Florida’s real estate market to California’s market. The group’s next plan is California!”

California is the most important state in the United States, with its financial, tourism, and film industries being very significant to the country, and Donnie will not give it up.

Moreover, next year Cameron Block will finish his studies at Yale University, and by then, Cameron will enter the California political scene, while my business plans will also support him!

Kafe Jackson suddenly displayed an excited expression; previously, he was reluctant to give up the profits from Florida’s real estate industry, and he didn’t know how to use so much cash within the consortium, knowing it was a crime to leave so much cash unused.

Although Donnie hadn’t previously told him the specific use of the cash withdrawn from Florida’s real estate industry, it was now clear California would definitely take a part of it!

“Rest assured, Boss!”

Finally, Donnie asked Kafe Jackson, “By the way, which companies have recently inquired about Florida real estate?”

Venus Bank announced its withdrawal from the Florida real estate industry, and the Florida real estate industry still looks promising, which naturally raises many companies’ interest in this matter!

“Many, but none of them have the capacity to take it all; I’m screening companies we can collaborate with!”

Kafe Jackson replied.

Donnie nodded and asked about the company he was most concerned about, “Has New Woburg Company made any inquiries?”

Kafe Jackson shook his head, “No, I’m a bit puzzled by this.”

New Woburg Company owns the most land in Florida, with Venus Bank being second, and previously, New Woburg Company had multiple transactions and collaboration requests with Venus Bank, expressing great interest in several Miami plots Venus Bank held.

Now that Venus Bank wants to exit, they haven’t moved at all!

This makes Donnie somewhat worried that the other party might have discovered something?

But then Donnie dismissed this idea, because from every angle, the Florida real estate industry still has the potential to rise to another level.

Why should they give up?

“Alright, I know!” Donnie replied calmly.

“Boss, actually I think even if New Woburg Company does contact us, we shouldn’t cooperate with them; this would foster their development!”

Kafe Jackson doesn’t know about next year’s Miami hurricane’s arrival, so he thinks if the Venus Bank plots in Florida are sold to New Woburg Company now, it would accelerate New Woburg Company’s development.

In Kafe Jackson’s view, if New Woburg Company develops, they would surely retaliate for the earlier acquisitions of Warburg Company by Venus, Morgan, Mellon, and Chase.

“In business, there’s no such thing as too many opponents; as long as there’s a common interest, everyone can still be friends!” Donnie said indifferently. “But since they haven’t contacted us, we don’t need to proactively reach out to them. Remember one thing though, for transactions involving Florida land, we only accept cash, not any loans!”

Some companies want to purchase Florida land from Venus Bank by applying for loans from Venus Bank, which essentially means using Venus Bank’s money to buy the land they need!

Initially, Kafe Jackson thought this proposal was viable because it could boost Venus Bank’s development, but Donnie vetoed this idea!