Real estate tycoon Omar Boraie and his Boraie Development are well-known names around the New Brunswick, NJ area for many years. Recently, Omar has been working alongside his sons Wassem and Sam to create similar buzz in Newark. By teaming with legendary NBA player Shaquille O’Neal, Boraie Development has created one of the most desired residential high-rise buildings in the Newark metropolitan area.
Luxury Residential Apartments in Downtown Newark
Omar Boraie and Shaquille O’Neal have partnered to create the first high-rise building constructed in Newark in 50 years. By creating the historic real estate development, the business partners are helping to revitalize the downtown area. The first joint project is located at 50 Rector Place, having opened in June 2019. The Rector Park project has been so successful that the two partners are already collaborating on a new joint venture. The new high-rise will be located at 777 McCarter Highway and feature 33 stories of luxury rental units.
How to Succeed Like Omar Boraie
Boraie has offered a few words of advice to people who are just launching their own businesses or perhaps just beginning to play in the real estate game. Omar Boraie states it’s necessary that you learn accounting principles to ensure you’re able to track expenses and income as you grow your business. The mogul stresses that it’s crucial to your business success that you know how to read a financial statement through every stage of business development. Besides having basic accounting and financial skills, it’s also important that you study your competition. Watch what moves your competitors make and stay humble. When you apply these skills to your budding business, they will help you to stay on the road to success.