There has been a concern about the soaring prices of high share and rates in New Jersey’s residential mortgages that are above most other states. New Jersey real estate is said to be lagging behind according to an article published by Central Jersey Working Moms. According to the article, the foreclosures and a dropping delinquency are a sign of high employment rates, the formation of households, and gains in home prices. There are expected positive trends in the future that are expected to address the shortages in housing as New Jersey is on the renaissance of real estate as prices of homes are projected to improve.
Boraie development has stepped up as a real estate company that seeks to address the issues of real estate in New Jersey. Boraie Development has a history spanning 20 years in real estate and has a reputation as a top development and contracting company. The reason for the success of Boraie can be attributed to the company’s use of private sources of capital as its primary funding for its projects such as commercial banks. They use strong financial institutions, contractors and experts architects who are well aligned with its clear visions and understanding in completing projects successfully and timely. From marketing, development, marketing, management to sales, Boraie development offers a wide range of services in real estate.
Boraie development aims at a long-term working relationship with tenants, residents and financial institutions by restructuring the developments and redevelopment plans. The company engages in hotel assets, residential, retails, and students housing properties.
Boraie development is the brainchild of Omar Boraie and is the company’s current vice president. Omar Boraie is an entrepreneur in real estate and a well-known philanthropist who is not just concerned about developing properties but also developing the New Jersey community as well. Under his vision, Boraie development has transformed New Brunswick from its doldrums into a new urban orchard. Omar Boraie arrived in New Brunswick with big plans of making the dying neighborhood a source of hope. His ambitious plans included community houses and modern buildings.
According to the Wall Street journal his efforts over the years have led to the development of properties such as the Aspire, Rector Street, and Albany Street Plaza. Boraie has plans to extend its project plans to Atlantic City and Newark. He uses professionals and Boraie Development and is one of the most successful developers in New Brunswick. Omar Boraie believes in advancing communities as one of the ways that can enable property development.