Omar Boraie’s longstanding vision of transforming and rebuilding New Brunswick City is slowly taking shape. His progress was recently highlighted by Central Jersey Working Moms in a blog postdated 5th May 2017. The current president of Boraie Development, a company he founded in 1972, believes that his decades-old vision for New Brunswick City is progressively t6aking shape. Having traveled overseas in Europe as a scholar, Omar Boraie developed a clear vision for what he wanted his city to look like. He wanted to make the city safer and more desirable to live in while also attracting more people to the city. He implemented his vision in several progressive phases marked by strategically transforming the city’s skyline into a modern day city.
In an article on NJ Biz, the first phase of his initiative was the redevelopment of over 20 vacant buildings and turning them into high quality residential units. While the area was previously risky even to walk at 4 pm, the new project that was met by a lot of skepticisms transformed the area. Through his company, he built high end office units to meet the growing demand for office space. The Albany Street Plaza Tower One has become synonymous Omar Boraie’s success story. The next phase of his visionary project came in the form of Spring Street Condominium Building. The building has high quality residential units to cater for the growing demand for quality residential units in New Brunswick. Completed in 2007, the building gave way for the next phase of his project: The Aspire. The new development comes complete with restaurants, high-end residential units and other amenities for entertainment that suits the lifestyle of the modern and younger generations. It is designed for the millenials. Check out State Theatre New Jersey to know more.
Company Profile: Boraie Development LLC
According to NY Times, Boraie Development LLC was the brainchild of Omar Boraie’s vision and experience working overseas. His long stay in Europe shaped his vision of what a modern day city should look like. Upon returning to the United States, he founded the company in 1986 and embarked picked New Brunswick as his pilot city. The company is based in New Brunswick, New Jersey and is privately held. However, over the years the company has expanded its transformative vision to other cities including Newark and Atlanta where it is managing and developing new properties that are aimed at renewing the cities’ skyline.
To achieve their vision, Boraie Development has formed a collaborative platform to leverage the strengths of their partners. The platform includes contractors and financial institutions. Since the new developments are primarily targeting the growing market niche of millenials, the company has also partnered with architects, contractors and various celebrities to highlight their noble cause.
See more: https://www.crunchbase.com/person/omar-boraie#/entity
Betsy DeVos is one of the top philanthropists in the United States. She is passionate about education and has offered a lot of money to support the sector. President Donald Trump appointed her in February 2017 to serve as the secretary of education in his administration. Betsy’s hometown is Holland, Michigan and her father Edgar Prince owns an automobile parts manufacturing company that is called the Prince Corporation. She is a graduate of the Calvin College, where she got her B.A degree. Betsy’ husband, Dick DeVos, is a successful businessman whose family owns the Amway Company.
Mrs. DeVos has been an active contributor to the activities of the Michigan Republican Party as from 1982. She was chosen to acts as the Michigan area delegate in 1986. Between 1992 and 1997, Betsy was part of Michigan’s Republican National Committee. In 2004, she made significant contributions towards raising money to support the re-election bid of President George W. Bush. Her family has offered a lot of money to support the undertakings of the Republican Party. They have donated over $17million towards the campaigns of various Republican candidates.
Dick and Betsy DeVos founded a family philanthropy body in 1989, and it is called the DeVos Family Foundation. The charity organization has been working to facilitate activities that deal with art, education, leadership, arts, and justice. The family has to date given out $139 million, and their donations totaled to $11.6 million in 2015. They were ranked as the 24th most generous family in 2015. The money that the family foundation offered assisted hospitals, medical research, Christian school, Christian missions, and several other organizations. Most of the family’s donations are dedicated to supporting Christian-based bodies.
President George W. Bush recognized the excellent work of Mrs. DeVos and appointed her to the board the Kennedy Center for Performing Arts. She joined efforts with her husband to establish the DeVos Institute of Arts Management. The couple donated about $22.5 million to ensure that the organization accomplishes its goal of supporting artists. They also founded ArtPrize, which is a competition that has been held in Michigan since 2009. Visit Betsy’s profile page on facebook.com.
Betsy is a committed Christian and has dedicated herself to supporting children from low-income families. She believes that the U.S education system is not fair. Mrs. Betsy DeVos thinks that it is right to expand the education sector so that it can offer opportunities to more students. She has also been supporting school vouchers to allow payments in private learning institutions with public funds. This policy will enable children from disadvantaged backgrounds to enroll in better schools. Dick and Betsy are benefactors of All Children Matter, which is an organization that greatly supports the use of school vouchers. Betsy has had an opportunity to serve as a board member of many education institutions and has always advocated for the education of choice.
George Soros is a respected global investor. He was born in Hungary. Later, he left the country following the Nazi occupation. Soros is a graduate of the London School of Economics where he funded his education by working as a railway porter and waiter. He started his financial career by working for a merchant bank. Soros moved to New York where he started working on Wall Street. After gaining immense experience, he founded his own hedge fund with $12 million in capital. After a short period, Soros re-branded his company to Quantum Fund. In 1992, Soros shorted the British pound and made a huge fortune. Following this success, Soros was dubbed as the man who broke the Bank of England. Today, he continues to invest through his company, Soros Fund Management. The corporation has $30 billion in assets. In 2017, the billionaire recruited Dawn Fitzpatrick to control his investment portfolio. As one of the outstanding women on Wall Street, Dawn serves as the chief investment officer (CIO) of Soros’ family office. She is one of the seven CIO’s who have worked for Soros’ company since 2000. Soros is a longtime supporter of community causes and has been a critic of President Donald Trump. This information was originally mentioned on Forbes as explained in this link https://www.forbes.com/profile/george-soros/
The successful investor had slowed his donations to political causes. However, in the recently-concluded election, Soros pledged over $25 million in support of Hillary Clinton and other Democratic candidates. In 2004, Soros had spent $27 million to defeat President George W. Bush. During the last election cycle, Soros reemerged as a leading supporter of Democratic politics. The Federal Election Commission records show that Soros had huge support for Hillary Clinton. As Election Day neared, it was widely expected that Soros would increase his giving. Over the years, Soros has been supporting different causes that seeks to ensure that there are open societies. Through his Open Society Foundation, George has helped many countries to end the era of dictatorship and establish democratic governments. Visit projectsyndicate.com to know more about George.
The 85 year old entrepreneur made a fortune of over $24.9 billion through currency traders. Notably, he had planned to attend and watch Clinton accept her nomination. This would be the first time that George Soros graced a Democratic convention. However, Soros cancelled the trip because he felt that he had to monitor the economic situation in Europe given that he had recently returned to active trading. His close associates noted that he seemed more politically involved. This is because he had taken a sabbatical from active political involvement. According to his associates, Soros’ motivation to start funding Democratic causes was his faith in Clinton and fear of Donald Trump. His political adviser, Michael Vachon, pointed out that Soros had been donating to Democratic causes consistently. He went on to suggest that during the last elections, the political stakes were exceptionally high. Read his profile at Business Insider.
Arthur Becker recently became the proud owner of three townhouses on Sullivan Street. He was able to do this by giving away his stake in a condominium development.
Becker is Cagey about His Investment
Arthur Becker refused to disclose how much he had invested in the project. However, data shows that he provided the $5 million mortgage for the project plus $25 million as preferred equity. However, the data was not conclusive on the transfer prices of the townhouses. Some of the data shows the price to be $29.4 million while other data shows it to be $22 million. The discrepancy could be a result of Becker’s initial investment and the property’s current value.
He also added that he had not made any additional investment in the project in exchange for the houses. However, he did mention on his crunchbase that he spent around $4 million in making improvements to one of the townhouses where he will live.
What the Records Show
Madison Partners bought the site in 2012 for $30.5 million. They proceeded to divide the land into plots. The developer was given approval in 2014 to proceed with the building of four townhouses on the site. When Becker made the Swap, the townhouses had not yet been completed. Becker said he would live on one of the townhouses and lease the other.
What Becker Had to Say
He said on Angel.co that the companies behind the townhouses had made a beautiful thing from a weird property. They managed to create something beautiful and that was the reason that he decided to own them. Arthur’s other real estate investments are at 111 West 57th Street alongside Property Markets Group, JDS Development Group, and AmBase Corp.
Becker is a real estate investor who made his fortune in tech. Thus far, he has invested over $500 million into the NY real estate sector via Atlantic Investors LLC. He graduated from Bennington College where he had majored in ceramics and photography. He began his professional career in New England. In a relatively short time, he had advanced in his career and was at one time the CEO of a pair of technology companies.
Read More: http://arthurbeckerstudio.com/biography/