Boraie Development has become one of the biggest privately-owned real estate development companies in New Jersey, and they also have a celebrity who has partnered with them. That celebrity is NBA legend Shaquille O’Neal whose invested some of his money in properties that Boraie Development has constructed in Newark. The latest development is One Rector Street, a project that began a few years ago and has just been completed. But due to O’Neal’s involvement and his plans to move into the top floor, the high rise has been unofficially named “Shaq Tower.” It’s the first high rise that’s been built in Newark in more than 50 years and Newark’s city leaders including Mayor Ras Baraka were pleased at how smoothly the opening went, and they’re hopeful about what this building can do for Newark’s housing market.
Boraie Development has built some of New Jersey’s top-ranked housing units over the years, and it all started with one man’s plan to do something for Newark’s neighboring city, New Brunswick. That man was Omar Boraie, a former chemistry student from Egypt who was working on a PhD at Rutgers University, and when he first had a look at downtown New Brunswick he realized how bad its economic situation was. Blocks of properties were vacant but the prices were relatively cheap, and Omar Boraie realized he was probably the only one who was going to do something about the downtown. He founded Boraie Development around the early 1980s and by 1988 his first property building at the Albany Street Plaza was finished. You can visit centraljerseyworkingmoms.com for more details.
Albany Street Plaza was finished completely by 2003, and Boraie Development was soon joined by other developers who started bringing more office space to downtown New Brunswick. But where the company really turned heads was when they finished the One Spring Street condo high rise. High rise housing did not exist in New Brunswick at the time, and most city leaders did not think this property was going to be filled to capacity, but it sold out in just 2 months. Upon completion of One Spring Street, Boraie Development started building more properties including 390 George Street, the Estates at Waverly Place and later the CITYPLEX 12 development that was completed before One Rector Street took form. Boraie Development is now looking to invest more into Atlantic City’s real estate market starting with a beach apartment complex known as the Beach at South Inlet. For more info you can check out wsj.com
Samuel Strauch is the founder of Miami Florida based Metrik Real Estate company. Metrik provides property management services, equity and development services and brokerage services.
Mr. Staunch founded Metrik in 2002 but prior to his own business start up, Samuel worked for his family’s real estate company that was also located in south Florida. He completed his undergraduate degree in business from Hofstra University in New York prior to his employment with his family’s real estate firm.
Samuel was inspired by the changes taking place in southern Florida. He noticed it was no longer a snow bird vacation destination but rather a true city by the sea. Miami was becoming a year round home to many and there was constant development occurring. These South Beach changes sparked his idea for Metrik. In addition to his corporate office in south beach Florida, Mr. Straunch also has operations in many Latin American countries as well.
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A typical day for Mr. Strauch does not follow any particular routine. With the ever changing real estate market and clients introducing new clients to him frequently, Samuel finds his days networking and finding new business projects. Though his days can be chaotic from running to meet client after client and various properties, Samuel Strauch makes time for meditation. He feels as though it gives his mind a chance to heal from and process the day better. He knew early on that he would be an entrepreneur and that monotonous back office work was not meant for him. He focuses on executing ideas rather then just coming up with them. The execution is the key to success. In addition to Metrik and his Latin American offices, Samuel is an active investor in restaurant and internet businesses as well as a art collector.
Real estate mogul Jose AuriemoNeto is one of the world’s leading real estate moguls. He is in the same league as other high end real estate moguls. He is a high end real estate developer from Brazil and he is the CEO of JHFS. This company is one of Brazil’s premiere real estate developers that works to create high end properties for wealthy consumers.
Jose AuriemoNeto specializes in high end clients because they are best suited for his business model. JHFS runs their business by using an ongoing model of reoccurring income. This simply means that JHFS wants to service high income consumers because this market is able to quickly and comfortably to afford the type of prices that this real estate developer has to offer.
AuriemoNeto ensures that his company JHFS is being steered in the right direction. He ensures that his clients have the type of structures that they desire. He builds malls and high end commercial structures. Residential upscale communities, airports and corporate buildings. Each owner of these properties uses their developed structures for high income making purposes. AuriemoNeto knows that high end clients will usually have a good turn around for their properties. Once the money starts rolling, JHFS quickly recoups their initial investment plus interest.
JHFS is ensuring that his company stays viable in the market. Since they are a leading real estate organization in Brazil they stay competitive within the market by servicing high end clients. AuriemoNeto continues to provide excellent leadership for JHFS. His foresight and knowledge concerning the direction of this company is invaluable and his company is expected to help transform the Brazilian real estate market in the coming future.
Founded in 1972, The JHSF has niched itself to the Brazilian High-end real estate market. Its operations include the commercial and residential markets’ acquisition, up market hotels, and international executive airports as well as management, development, and administration of upscale shopping centers. Over the years, JHSF has honed the skill of identifying novel business opportunities in the definite areas of operation. Core to the operation of the company is inventive and innovative, qualitative and quantitative, and sustainable ability to present viable and whole solutions in any project.
From the onset, JHSF cemented its presence in some of Brazil’s capital regions such as Sao Paulo, Manaus and Salvador. Later on, they would branch out internationally to cities like Miami and New York in the United States of America as well as Este in Uruguay. The company has four major business components: Shopping Centers and Malls, Incorporations, Fasano Hotels and restaurants, and Executive Airports. In the close to five decades of operation, JHSF was listed amongst the uppermost Corporate Governance section in Bovespa in the 2007, April issue.
On the top position of the company is one Jose Aurimero Neto. Neto is a graduate of the Fundacao Armando Alvires Penteado (FAAP) University in Sao Paulo. In 1993, he started working for the company, and has risen through the ranks to be the current CEO of JHSF. In 2009, Neto oversaw the company’s chief venture into the retail business after they signed an exclusive partnership agreement with Jimmy Choo, Hermes and Pucci. This led to the luxury brands inaugural opening of their retail outlets in JHSF. Later in 2012, the company also signed another partnership with Valentino thus launching the maiden Valentino and RED Valentino stores around Brazil.
Recently, in 2015, Jose Aurimero Neto moved together with his family to New York. The move was so that he could keep a closer look at the then JHSF mega project, a construction of a high-rise apartment complex five-star building. The project was termed as a huge success for JHSF as they not only had a strategic location –on Fifth Avenue and facing the Central park—but they also put the apartments as rentals instead of selling them, which is a prodigious investment strategy.
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Mr. Halpern is an experienced real estate developer based in New York. He has extensive expertise and skill in the real estate industry as he comes from a family that owned and run a real estate company for over 50 years. Through the company, his family has built numerous residential and commercial spaces the New York state area. Mr. Halpern therefore garnered a lot of experience in the development and construction field over the years as he grew up and watched his relatives work in the field.
In 2010, Jason Halpern took over the family business, JMH Development, and is now managing partner at the firm. It is a real estate development and construction company with an excellent track record. It has undertaken many commercial and residential projects in New York. The professionals at the company are highly qualified and are well versed in all things real estate. They always strive to exceed their clients’ expectations.
JMH Development’s Excellent Work
Mr. Halpern’s experience in the industry has seen him provide excellent leadership to the company. He has helped the company secure many high-profile jobs and benefit greatly from them. His vision and creativity make his work stand out in terms of unique and excellent design and quality. Mr. Halpern also buys old buildings and either spruces them up or tears them down to put up modern buildings when he sees it fit to do so. One of his many works is the Loft South Beach, a hotel which was opened in early 2015. They creatively revamped the historic Motel Ankara and added a new tower. The rooms in the hotel are significantly larger than in other hotels. The hotel also features an outdoor pool, a fitness center and almost 2500 square feet of meeting space.
Jason Halpern is also actively involved in works of philanthropy. He is concerned about the overall wellbeing of the community at large. He donated a lot of money to the Joel A. Halpern Trauma Center. It is adequately equipped to handle very complex emergency issues including open-heart surgery. Mr. Halpern also donates to a global non-profit charity through JMH Development. The charity collects money and finds innovative ways of providing clean and safe water for consumption and other domestic uses in Ethiopia and Nepal.
Mr. Halpern is a hardworking young man. He often works on several projects at once and thanks to his discipline, he is able to allocate the time needed to each of the projects and does not neglect any. They all turn out excellent; this is not a feat many can accomplish. He has a knack for quality development and construction and truly enjoys what he does. Jason Halpern has set the bar high for other players in the real estate industry.