Category Archives: Real Estate

BORAIE DEVELOPMENT COMPANY, A LEADER IN REAL ESTATE BUSINESS

Boraie Development is a company that has been in the business of real estate for years. Boraie is a family based organization commonly noted for coming up with long-term plans for urban areas which are less-than-perfect for example Newark and New Brunswick. The company deals with Property Management, marketing of real estate and development of real estate. Their group of experts has closely worked with Institutions of finance, skilled architects and contractors with strict adherence to deadlines. Shaq Towers is a project that was done by both Shaquille O’Neal who is was an NBA player and Boraie Development. This is a new project to be undertaken in Newark.

 

There was a ceremony which was held, and those who attended it called the project ”Shaq Towers”. The function brought together some prominent individuals, like O’Neal, Ras Baraka Newark’s Mayor, Phil Murphy, Sam Boraie and Developers Wasseem.

 

It was a high-rise market-rate project in housing that was the first of its kind in Newark. In over five decades there will be twenty-one stories, a hundred and sixty-nine units of rentals amounting to twenty thousand and one eighty-four thousand square feet in totality. Sam Boraie said it was an extraordinary time in the city. This was to act as a unique case on why private, and public associations should cooperate amongst themselves to gain ground in urban focuses. For more details visit Crunchbase.

 

Shaquille O’Neal was profoundly challenged by his mother’s remarks concerning the state of the city. How it was back then and now. Shaquille’s mother said that in the past the city looked beautiful and someone needed to step up and carry out serious investments to restore the beauty of the town that was lost a long time ago. The way her mother looked at him made O’Neal realized that she was referring to him, he was the one to step up. This happened when they were visiting their relatives. Check out boraie.com

 

 

Shaquille O’Neal and Boraie Development reported that the next project would involve thirty-five story projects which are mixed-used. This project itself will center around the city’s heart on the highway of McCarter, in part encompassed by Newark Ironside and the Complex of Gateway Center. The structure will contain three fifty units and a worthy investment of one hundred and fifty million dollars, O’Neal elaborated.

 

Wasseem, Boraie’s vice president said that the organization has recently begun the joint venture and wants it to continue being active in the future. Boraie Development Company is looking forward to spearheading all the planning approvals to make the project a success and the time was just perfect for this work. The mayor also played a crucial role in ensuring that everything is brought together for this particular project.

 

 

Click here: http://www.boraie.com/company/

Why Omar Boraie Emerged To Be the Best in Real Estate Industry

 

Structural development is the key economic growth indicator across the world. Many governments have invested in key structural development initiatives with the aim of improving the living standards of its citizens. This has also necessitated the private sector to invest in structural development to improve their profit proceeds. As such, there are different companies that have invested in the commercial and residential building process.
As a result, many people have also invested a lot of resources in the real estate industry to capitalize on income generation. Omar Boraie is one of the leading real estate developers in the United States of America. He was an Egyptian who travelled to the United States of America to acquire a doctorate degree in chemistry but later developed interest in real estate.
He established Boraie Development  over 40 years ago and the company has been building residential and commercial buildings that have been liked by many people. The company is headquartered in Albany Street where the 72 year old Omar Boraie has built his exemplary office suit where he observes most of his buildings from. Back in 1980s, the estate of New Brunswick was very poor and dilapidated with few occupants in the city. But he continued to work hard and bought abandoned houses which he later refurbished and improved to be among the most sought after apartments. During this time, the streets were abandoned and people would not walk on the street at 4pm for fear of being robbed.
His firm has attracted many big contracts from the entire population. He is responsible for building all houses of an American billionaire Donald Trump. He has heavy invested in the New Jersey state where he has contacted the professional services of Omar Boraie. His experience in the field of real estate has also attracted many investors who have developed interest in working with his firm closely. He has recently embarked on a multimillion building contract on the One Spring Street where they are building almost 120 square units of one, two and three bed roomed houses. These houses are aimed at improving the living standards of the common citizen in the state of New Jersey. The houses are affordable and can be bought ranging from 350, 00 to 500,000 dollars respectively. Through his leadership skills, he has continued to develop and offer affordable residential and commercial houses for the general public.
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