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. Last Updated: 07/27/2016

Trump Eyes Moscow

MOSCOW () -- Real estate mogul Donald Trump is setting his lofty sights on Moscow.

The Trump Organization announced Thursday that Trump would be in Moscow next week to discuss developing a Trump Tower Moscow complex.

Office rents in Moscow are now among the highest in the world and developers are racing to meet the lucrative demand. Cranes dot a downtown skyline once dominated by Stalin skyscrapers and onion domes.

Trump, who owns and develops real estate properties in New York and owns several gambling casinos in Atlantic City, New Jersey, is known as a man who thinks big. Last week, he announced he'd bought the Miss Universe, Miss USA and Miss Teen beauty pageants from ITT.