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Posted by JHock on

Boraie Development, LLC: New Jersey’s Urban Real Estate Leader

Boraie Development, LLC is a real estate company based in New Brunswick, NJ. It offers a wide display of services in every area of the urban real state market: Development, Property and Sales, with a primary focus on delivering unmatched services to its clients and building astonishing properties. Boraie’s main advantage is that they work with solid financial organizations, inventive architects and responsible contractors. Boraie is led by the visionary Omar Boraie who has more than 30 years of experience and an unbelievable track record in the real estate market that has helped build Boraie development LLC reputation as one of the top urban real estate companies of NJ. They are always determinate to create projects that are attractive for all parties involved: tenants, residents and financial partners.

 

All of Boraie’s properties are promoted to satisfy the increasing economic demands of every neighborhood they work in. The deals they make to do so include financial restructuring and master planning for redesigning and redevelopment. The ones they consider for these kinds of projects include domestic, student housing, retail, varied use and hotel properties. They always seek accessible projects that have great potential to deliver great results in urban developing. Boraie does not limit itself to the purchase and development of properties, but they also provide management services as they believe it is a vital part of their main strategy. It allows Boraie to produce surplus value for their assets. That’s why they offer several Property Management services like conservation, administration, bookkeeping, client service, publicity and leasing. Check out boraie.com

 

 

They have an effective investment procedure based on four fundamental pillars that has helped Boraie Development LLC to achieve an enormous role in the revival of Atlantic City with the project The Beach at South Inlet and in the renewal of New Brunswick with The Aspire, Albany Street Plaza Tower One & Two and One Spring Street condominium. The four core roots are: 1) always choose a project based on supply/demand features considered with an encouraging risk/reward relation. 2) Dedication to corporate social responsibility to renew distressed and abandoned areas. 3) Capability to permit the scale acquisition of properties and 4) to invest in urban markets that will grow in time. You can visit Rutgers to see more.

 

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Posted by JHock on

Wasseem Boraie Atlantic City Apartments

Wasseem Boraie and Shaquille O’Neal want to build The Beach at South Inlet in Atlantic City. The Beach at South Inlet is an apartment complex worth $61 million dollars that will be located near the Revel Casino. The RDA approved a $30 million dollar loan to Shaq and Boraie in March of 2013.

The Casino Redevelopment Authority is expected to extend the loan expiration date. This is to give the Authority more time to review the proposal. However, after the 2013 loan approval the Revel Casino and Showboat closed. Also, the Trump Taj Mahal is struggling to stay afloat. This caused the RDA to think differently about the proposals for apartments in the South Inlet. The South Inlet is a half-vacant portion of the North end of the city.

Boraie is still ready to develop the apartments. He said his team has secured financing from the New Jersey Housing and Mortgage Finance Agency.

Wasseem Boraie is executive vice president of Boraie Development LLC. Boraie Development is a privately owned company located in New Jersey that was established in 1986. Boraie Development offers many different services. They are focused on Real Estate Development, Property Management, and Sales/Marketing. Boraie focuses on building outstanding properties and amazing customer service to their clients. They are involved in a project on Rector Street in Newark that involves a high rise with 168 units for living structures. Boraie believes in having several smaller projects in a city to help the city grow, and having apartment buildings in those cities help with that growth.

Boraie Development has a lot of experience in building apartment structures. It built a very successful high rise for luxury apartments in New Brunswick. The project was actually doubted, but Boraie Development proved the doubters wrong and helped with the growth of New Brunswick.

Boraie’s specialty is working with financial institutions, architects, and contractors that stick to deadlines to make sure that all projects are finished with success and in a timely manner. Boraie Development has an annual review is $10 to $20 million. They employ a staff of about 20 to 49 employees.