How Boraie Development is Impacting the Real Estate Industry in New Jersey

Although he was born in Egypt, Omar Boraie now resides and operates his business empire from New Brunswick, New Jersey. Omar is the proprietor and president of Boraie Development LLC, a real estate entity that primarily develops, manages, and re-develops residential, commercial, and industrial properties in the city and across the United States. Being a family conglomerate, he is assisted in running the daily operations of the company by his two sons Hiam and Sam.

 

Even though Omar Boraie is an educated fellow with a PhD in Chemistry, his love for New Brunswick propelled him to venture into real estate development all to help grow the economy of the city. His business endeavours have all focused on providing efficient and quality services to his clients and only partners with sound individuals and companies to help realize his goals. He also ensures that the company’s property management teams inspect and approve all projects before releasing them to willing buyers and tenants. Check out Rutgers to know more.

Over the more than 30 years Boraie Development has been operational, the company has been part and parcel of various significant projects. Just recently, the firm oversaw the development and opening of the Aspire; a magnificent 17-story luxury apartment located a few meters to the New Brunswick train station. The landmark building was put-up solely for clients looking for class and luxury. It features exclusive features that include gourmet kitchens, designer finishes, oversized bathroom details and closets, hardwood floors in the living area, and frameless glass shower stalls in every master bedrooms. In addition to concierge services, each tenant has an option to choose units with terraces and balconies that offer a beautiful view to the Raritan River, the city, and Johnson Park. For more details visit Bloomberg.

 

Another historic project under Boraie Development’s portfolio is the Shaq Tower, named after Newark’s native and NBA Hall of Famer, Shaquille O’Neal. In its unveiling and opening, Shaquille was joined by politicians and most importantly all the stakeholders that were directly or indirectly involved in seeing his vision come true. They include members from the state and city council, Goldman Sachs Urban Investment Group, and the New Jersey Economic and Housing Development Department. Apart from the Shaq Tower, O’Neal also wants to invest $150 million into the development of a 35-story structure in McCarter highway. Having been born and brought up in Newark, Shaquille is eager to bring change and improve the real estate industry in the city.

 

 

Click here: https://local.yahoo.com/info-11014537-boraie-realty-new-brunswick

 

How Boraie Development Group is shaping the Real Estate Landscape of the City of New Brunswick.

The Shaq Tower is Newark’s first lofty apartment building to be constructed in the last five decades. The building gets its name from the famous basketball player, Shaquille O’Neal who is a Newark native and a partner in the mega project. Just recently, Shaquille was joined by other stakeholders and elected officials for a topping out event held at 1 Rector Street. The celebrations marked the completion of the project. The Shaq Tower is a significant landmark in the downtown area of the city. The Shaq as it is popularly known will offer a million square feet of space that will house ground-floor retail space and 169 rental units.

 

The historic project is a public-private partnership between the state, Boraie Development, Shaquille O’Neal, Goldman Sachs Urban Development Group, and the city of Newark. According to some media outlets, the project also received a boost of $24 million from the New Jersey Department of Economic Development. For his love for the city, Shaquille further plans to invest $150 million for the construction of a 35-story structure on the McCarter Highway. The investments are part of his efforts in trying to revive his turf’s real estate market.

 

Sam Boraie, the proprietor of Boraie Development group, is an Egyptian entrepreneur using New Brunswick, New Jersey as his base of operations. Being a resident of the town, Omar and Boraie have been involved in various other projects three decades. The firm specializes in managing and developing commercial, industrial, and residential properties. Omar is the president of the corporation, while his two children, Sam and Hiam Boraie hold the positions of vice presidents.

 

Since its entry into the market, the Boraie Development has been part of various projects, and some of the notable ones include the Aspire; a 17-story residential apartment located near New Brunswick’s train station. The Aspire was constructed for customers looking for luxury and premier apartments that include features like concierge services. Boraie Development was also involved in a 25-story apartment that offers health clubs and roof deck.  To see more you can visit re-nj.com

 

 

Omar Boraie and his family are known to be avid philanthropists and humanitarians. He supports various community initiatives in New Brunswick. Just recently, he partnered with the city of Newark to revive the New Jersey State Theater. The theater showcased several movies during the summer and entrance to the theater was free. His son, Sam Boraie is a director at Elijah’s Promise, a charity organization that provides over 100,000 meals annually to homeless families in New Brunswick. For more details you can visit njbiz.com

Adam Milstein

Adam Milstein is a prominent pro-Israel philanthropist. He co-founded the Adam and Gila Milstein Family Foundation with his wife, Gila, which is dedicated to offering charitable services to organizations that aid Jewish people and the state of Israel, as well as strengthening US-Israeli ties. In addition, the two have founded Sifriyat Pijama B’America, an organization that provides free monthly books in Hebrew to over 15,000 Israeli-Jewish-American families in the United States.

Born and raised in Haifa, Israel, Adam Milstein joined the Israeli Defense Forces and served in the Yom Kippur war. Following his military service, he went on to graduate Cum Laude with a Bachelor’s of Science in business and economics. He then pursued further studies in the United States, where he acquired a Master’s of Business Administration from the University of California.

After university, Adam Milstein began as a sales agent in commercial real estate. He then went on to quickly establish himself as a successful real estate investment manager. Milstein is now managing partner of Hager Pacific Properties, a company he founded.

In addition to his business career and philanthropy work, Adam Milstein is co-founder and National Chairman of the Israeli-American Council. He sits on the Board of various organizations, including the Israel on Campus Coalition, StandWithUs, Hasbara Fellowships, Jewish Funders Network, AISH Los Angeles, AIPAC National Council, and the Los Angeles Board of Birthright Israel.

His accomplishments are widely recognized. In 2016, the Jerusalem Post recognized Adam Milstein “as one of the 50 most influential Jewish figures who have made an impact in the world over the last year, and have the potential to effect change in years to come.” In 2017, Adam Milstein was also named one of the 200 Most Influential Do-Gooders in the World. His name was on a list of leading philanthropists and social entrepreneurs on social media.

In addition to his philanthropy work, real estate investments, and engagement in his community, Milstein has taken on an additional role. He has produced two documentaries: Beneath the Helmet (2014) and Mekonen: The Journey of an African Jew (2016). Via twiiter

The Future Of Real Estate Market Is Safe With Omar Boraie Development

The epicenter of America is hovering in a plethora of crisis due to the diminishing trends of real estate. Most residents are shifting to New Jersey, in search of better housing. Being densely populated the area managers are faced with the challenge to expand the city with the aim of accommodating more residents. According to pressofatlanticcity.com, a real estate tracker in New Jersey, the city ranks among the best real estate providers in the nation. Even so, the city leads in foreclosures and delinquent mortgages. Consequently, the real estate market in New Jersey is pulling the entire country down. Although factual, it is evident that dwindling delinquency and high foreclosure rates reflect the significant effects and impacts of real estate to the development of the country.

Shaping real estate

In addition, the delinquency rates offer an actual picture of the economic situation of New Jersey. From the basics and fundamentals of life like employment rates in addition to the escalating home prices, this is an overall, alarming situation that requires a substantial approach. The future of New Jersey is expected to register positive trends that will impact on resident’s lives. As it seems, the current trends are taking a positive turn at resolving shortages in addition to the impending affordability and escalating market numbers.

http://www.pressofatlanticcity.com/news/atlantic-city-councilman-among-appointments-to-murphy-transition-committee/article_ec383496-76ce-51f5-80db-edd13116f252.html

The future of real estate in New Jersey

According to a chief economist realtor, Mr. Lawrence Yun, the housing shortages might escalate in the future. This may vastly transition into an emergency as the population continues to grow. Another aggravating factor in this situation is the huge gap between the supply and demand of houses. Following the housing scarcity and the development of new property, the issuance of housing permits is also affected. Despite the mentioned factors affecting the real estate market in New Jersey, it is evident that some cities are better placed in terms of supplying the housing demands. According to the Re-NJ.com, the future of real estate lies in better managerial skills and undeterred efforts to provide better inventory.

Boraie Development

Boraie Development was established in 1972. Since then, the New Jersey real estate market has thrived through better, stylish, housing. Sam Boraie Development prides itself on being a leading real estate developer for both the high-income earners and the average income earners. The company has a diversified portfolio (see crunchbase.com) that offers preferential services at affordable prices. Perhaps Boraie Development’s success is appended to its ability to incorporate skilled architects, project managers and property developers.

JHSF and Jose Auriemo Neto’s Role as Chief Executive

JHSF is an authority in real estate in Brazil. Its operations include ‘commercial markets acquisition, executive airport development, upscale hotels and also residential developments. The company was founded in 1972 and became notorious for its ability to notice new opportunities for business in the area.

More on JHSF

Over the years, the company has consolidated its operations in Salvador, Manaus and Sao Paulo. Its main four units are: hotels, airports, restaurants and malls. Lately, the company has prioritized on supporting projects that bend towards putting up malls and hotels. It was in 2006 that JHSF, after restructuring, integrated companies such as Santa Cruz, JHSF Embodiments, CPIC, CAES, SAES and Boa Vista.

After the company acquired majority stakes in Hotel Fasano, it started to operate in the hotel sector. In 2014 June, the company bought the hotel network operated by Fasano. This placed the company in a comfortable position in the hotel sector in Brazil. It acquired the restaurants and hotel chains operated by Fasano at 53 million reais.

Jose Auriemo Neto

Jose Auriemo Neto works as the CEO at JHSF. Neto doubles as the company’s chairman. In this position he is tasked with overseeing the interests of the company’s interests in commercial and home developments all over Brazil. He is also mandated with the administration of the company’s retail and hotel portfolio. He oversees the Cidada Jardim, a one stop shopping complex. This complex is in Sao Paulo. Other complexes of this design include the Metro Tucuruv and the Bela Vista, both in Manaus. The Ponta Negra is also based in Manaus. There are other projects of this design being developed by JHSF.

Jose went to Fundacao Armando Alvares Penteado (FAAP) University. Jose started working for JHSF in 1993. A few years later, Jose founded the company’s service department. The Parkbem, a parking management company was also started in 1997. Owing to the success of the service department, Neto was licensed to develop JHSF’s first shopping complex.

Jose served as an executive of JHSF’s board since 2009. He has been a member of YPO since 1999.