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Boraie Development Looks Ahead

The ever-volatile real estate market, with its once-again escalating prices, is having an impact on New Jersey. This highly populated area, according to a recent story in www.phillypurge.com, is currently experienced some of the highest rates of foreclosure and mortgage delinquency of any area in the US. All of this could have a very negative impact in what has overall been seen as a rebound in the US housing markets.

Overall, one of the major issues impacting real estate today is the looming housing shortage. According to www.phillypurge.com, the best-case scenario as far as solving this crisis would have to be an uptick in the creation of new housing. Complicating matters, however, is the reality that if too many properties are suddenly released on the market at once (if the current bottleneck in building permits is resolved), a rush to sell might push prices down, adding to New Jersey’s difficulties.

A Renaissance

Even given all the complexities of the current market, there is still a lot of good news for New Jersey real estate. Many of the new homes there are due to appreciate, and the increase in market value here could create a kind of renaissance in real estate values.

Part of the expected increase in real estate value comes from expectations for new development. Many new housing developments as well as entertainment centers are due to open soon, and with their easy access to transit centers, and the promise of new jobs they bring, they are expected to push up values in a big way. Check out Bloomberg to know more.

Boraie Development

One of the leading players in the overall improvement of New Jersey, is Boraie Development. This company has a long (over twenty years) history of creating successful developments to New Jersey, mostly using private investment funds led by Omar Boraie.

Boraie Development has always kept its eye on the future of this area, as it laid out plans for attractive housing properties and retail areas that will add value to the community. All of this adds up to a strong investment in New Jersey, which looks to have a bright future once the current issues are resolved. Check out boraie.com

Read more: http://centraljerseyworkingmoms.com/the-boraie-team-makes-the-aspire-the-perfect-place-to-live/

Business Leader Sam Boraie Is One Of New Jersey’s Best Assets

The state of New Jersey has a governor who would rather live in Washington, D.C. than in his state. Governor Chris Christie is a Trump supporter, and there was talk he would get a position in the new administration. But Christie has a lot of unnecessary political baggage surrounding him, so he wasn’t one of Trump’s picks. The legacy of Christie is still being written, but so far his legacy is not the gubernatorial legacy that would help him move into another high-powered political position. Christie’s second term is immersed in bad press and short-sighted decisions. But even though the leader of the state of New Jersey is not award-worthy, there are business and political figures in the state that are. One of those business people is Sam Boraie.

Sam Boraie is the second son of Omar Boraie, the Egyptian chemist and real estate developer. Omar Boraie is responsible for bringing downtown New Brunswick back to life. Boraie Development was one of the first companies to build high-rise office and residential buildings downtown. His foresight and his dedication to the city of New Brunswick revitalized the inner-city. Today, New Brunswick is one of New Jersey’s stars. It is a hub for the pharmaceutical and medical industries. The consumer-driven company Johnson and Johnson has headquarters there, and several medical companies and big Pharma companies do too.

The list of Boraie building projects in New Brunswick is impressive, but Sam Boraie’s contribution to New Brunswick and the state of New Jersey goes beyond the borders of his hometown. Boraie plays an active role in Elijah’s Promise. Elijah’s Promise is the nonprofit organization that feeds the hungry in New Jersey. The soup kitchen, culinary school, and pay-if-you-can café feed hundreds of people every day. The culinary school trains the homeless and the less fortunate, so they can work in the food industry. Sam sits on the Elijah’s Promise board, and he is a major financial donor.

But Sam’s contribution to New Jersey does not stop there. Sam sits on the advisory board of the New Brunswick State Theater. According to PRNewswire, the New Brunswick State Theater is a major part of New Jersey’s entertainment and education offerings. For the last 96 years, the State Theater has entertained and educated New Jersey residents and people from other states that want to see top name entertainers. And the list of stars that are part of the New Brunswick State Theater legacy is a long.

Even though Sam Boraie is involved in several community projects, he is still one of the state’s most influential developers. Sam and Shaq O’Neil got together, and they built a modern residential high-rise in Newark. That project was part of the redevelopment of the city of Newark. Sam is also involved in the new apartment project in Atlantic City. Sam and his brother and sister are developing a piece of property they bought years ago. The 250-unit residential project will be the first luxury apartment complex in Atlantic City that caters to Millennials.

You can visit his Crunchbase profile.

Read more about the company: https://www.bloomberg.com/profiles/companies/0601263D:US-boraie-development-llc