Category Archives: Real Estate Developer

The Ideas of Investing in Real Estate as Suggested by Jason Halpern

The one quality that separates the true investors from the rest of the people is their ability to see a gap in the market and their innovativeness in filling that gap. To be successful as an investor, you also have to be willing to do some gambling. When you have done your due diligence, knowing that there is still a chance of failure in whatever initiative you are taking part in gives the investors that fear factor that they need to be successful in business. Jason Halpern started his investment journey several decades ago working for his father’s real estate company. He decided to quit and go work on his own company a few years later. He is now one of the most sought after developers and his busy schedule includes travelling from New York to Miami on an almost daily basis. The company that he started with a meager capital bse is now worth half a billion dollars.

He has made collaborations with several other businesses to create real estate property. These include his current project to take the Wild Turkey Bourbon and make condo units out of it. The deal is to try and get 338 condos out of the project. Another project that he was part of is the conversion of the Madison Heights Cinema into condos, a project that was done in conjunction with Madison. The madden real estate company is another partner that he has invested with in the past.

Jason Halpern: with Production

He admits that failing is part of the investment process. He gives an example of a time that he thought a deal had come together only for it to fall apart at the eleventh hour, costing him a lot. He says that the mistakes have helped him be sharper in business and to always hope for the best while expecting anything.

Jason’s Background

Jason’s Family

Jason comes from a home of real estate developers. When he is not busy at work he likes to relax with his family and other friends and business associates. The success that he has had in real estate makes him very smart investor.

Omar Boraie Revitalizes the City of New Brunswick

Omar Boraie is the founder of the renowned real estate developer, Boraie Development. For over four decades, the company has continued to revitalize the city of New Brunswick. Omar laughs as he narrates how people and other real estate professionals doubted his plan of rebuilding the city. Omar Boraie is a scholar of chemistry. He holds a doctorate degree in chemistry from the prestigious Rutgers University. As a traveling Scholar, Omar was fascinated by the different buildings that he saw in different European cities.

He posits that when he started investing in the region in 1972, people could hardly walk on the streets past four o’clock. Many families had left the city. However, Omar realized that he could do something to bring people back to the city and make it thrive again. During that time, there were 21 dilapidated buildings, all of which were vacant. He did not buy them at once. He started by purchasing one until he owned all of them. Later, he went to the city and announced that he had innovative ideas that would rejuvenate the economy of the region. Omar laid out his strategic plan for the city. No one believed in his dream. Today, most people believe that he was head of time.

Omar started by constructing Albany Street Plaza Tower One. This building has 250,000 square feet of office spaces. Tower Two, which was developed next to Tower one, added more office spaces. By this time, there was an influx of people to the region. The increase in population inspired Boraie Development to develop a 25-story building known as One Spring Street. With 121 residential units, people could be able to work and live in the city. His son, Wasseem Boraie, posits that people thought that his father was making a mistake by building such a condo in New Brunswick. Wasseem and his two siblings serves as the vice presidents of the family business. Omar credits other people and institutions for believing in his vision and playing an integral role in revitalizing the city. See also.

Boraie Development utilizes its own capital besides sourcing for funds from renowned commercial banks to develop different properties. So far, their projects have attracted many financial partners, tenants and residents, who have appreciated their ownership commitment. The company maintains its properties by undertaking regular physical improvements. Their property management function zeroes in on customer service, leasing, administration, marketing, maintenance and accounting. Boraie Development’s sales and marketing team has managed make over $150 million in commercial and residential transactions. Boraie Realty is the company’s subsidiary, which is mandated with the sales and marketing functions.

Over the years, Omar has engaged in various social responsibilities aimed at enhancing the livelihoods of different communities. He has also supported various noble initiatives. After visiting Bristol-Myers Squibb Children’s Hospital, he talked to young cancer patients. To this end, Omar started donating towards cancer-related initiatives. He has also been a big supporter of Rutgers Cancer Institute where he has donated $1.5 million through the Omar Boraie Chair in Genomic Science. His goal in life is to see New Brunswick become a research and development hub.