Category Archives: A Better NJ

The Rise of Boraie Development under Omar Boraie

 

Boraie Development is a real estate company that is based in New Brunswick New Jersey. Currently, the company has 50 employees and specializes in different services. Some of these services include urban real estate market development as well as sales and marketing and finally property management. The team under Boraie Development focuses only on two things; building spectacular properties and at the same time ensuring that their clients receive the best treatment in the market. Boraie Development has formed partnerships with the strongest financial Institutions. Boraie Development also partners with architects with visions and also deals with contractors that are very god at meeting deadlines.

 

The company has over 30 years of experience dealing with several services such as being a residential and commercial specialist. The company also specializes in Condos and Townhomes as well as offering computerized MLS and residential resale. The firm has built a reputation as one of the best companies in New Jersey. This company was incorporated by an Egyptian-born Omar Boraie who came to the United States of America to obtain a Ph.D. in chemistry. While in school, he realized the potential in real industry and decided to venture into this lucrative venture. That was about 40 years ago.

 

The company is divided into several departments. These are the sales and marketing department, Property Management department as well as the Real estate development department. The real estate department specializes in committing its vision and the company’s capital to produce the best project for its client. This department is known to use the country’s leading capital sources like big commercial banks to fund their projects. This department is focused on developing products and projects that attract tenants as well as residents and not forgetting financial partners.

 

Another department that plays a major role in the success of the company is the Project Management department. This department is part of the overall strategy and helps create and add value to their projects. This department’s functions include things like administration, accounting, customer’s service as well as leasing, marketing, and maintenance. Finally, the sales and marketing department has been a major factor for the growth and development of Boraie Development. This department has sold properties over $150 million. This department is also responsible for integrating the development and property development of this company. A notable partner at Boraie development is NBA superstar Shaquille O’Neal. This company has managed to record the highest number of sales in the real estate sector in New Brunswick area than any other company.

 

 

Omar Boraie’s Vision May Change the Economy in New Jersey

 

Looking at the present scenario of residential developments and real-estate price in New Jersey, it is important that each city needs to take the uncommon path for its long-awaited real-estate renaissance. If the development of New Brunswick is considered, then taking the newest route of high-rise residential development may prove beneficial for the cities in NJ. Although many economically affected cities around the nation have already revived from the worst-hit recession in 2008, cities in New Jersey are still under the negative effects with low real-estate prices.The Newark CRE Summit was held a few weeks back. Such an event always brings forward new opportunities in a city by highlighting the maximum economic developments in the city. During this event, many leaders came up with new ideas of construction and investment opportunities in this city. After a set of discussions and meetings, it was clear the Newark should look forward for a collection of simultaneous residential projects that will create a market for potential buyer while offering varied options of investment for prospective residents.

Boraie Development executive vice president Wasseem Boraie came up with the idea of new construction projects. In his speech, he highlighted the major class A projects in the city that include everything from pipeline constructions to road repair. According to him, these projects can bring a positive change in the city’s real-estate scenario in the long run. Another important point that he mentioned is the high-rise residential developments in the city.

Boraie Development founder Omar Boraie once said that his company’s high-rise apartment construction plan will help revive the economic conditions in New Brunswick. After the company started its project, nobody believed that it will be a success. Just within a few years from the project of the Albany Street Plaza Tower, each residential unit and office space was sold. Unlike many other New Jersey cities, New Brunswick has grown economically in a better manner in the past few years. This 25-storey building in the city is the tallest tower in the city, which features 121 residential units. Now Wasseem Boraie, the vice president of the Boraie Development also supports his father’s vision.

Boraie says that his company will come up with such new projects of high-rise residential apartment building constructions in other cities in NJ. Now their plan is to target Newark. Because this model worked wonderfully for the economic betterment in New Brunswick, it will surely help other cities in NJ to experience a positive economic growth impact.