Boraie Rebuilds and Redesigns Urban Cities

Boraie Development LLC is a modern real estate development company that is located in New Brunswick, New Jersey. The company is led by 72-year-old Sam Boraie, who serves as the president and specializes in the redesigning and rebuilding urban development. Omar’s vision when starting the business was to rebuild New Brunswick to something similar he had seen in Europe when was a traveling scholar.

Omar Boraie’s Vision

Omar had an awful experience when his business began in 1972. The residents of New Brunswick would desert the place in the evening. Also, the first project that he tackled consisted of 21 blocks of run down and vacant buildings. As a result, a majority of people thought he was insane to construct high-end condos and office buildings in downtown New Brunswick. Afterwards, Omar Boraie realized that the city was in need of residential units of better quality. Visit Central Jersey Working Moms.

According to Philly Purge, his vision of a high rise complex in New York was completed in 2007 when he built the 25 story Spring Street Condominium Building with 121 units, parking garage, and retail shops. As his business developed, Omar saw the need for luxury developments since many business professionals wanted to work in New Brunswick. Omar’s primary goal was to attract good and high-quality tenants, and this is seen through the continuous development of quality condos and office buildings in Newark, New Brunswick and Atlantic City.

Reference published through Central Jersey Working Moms: http://www.hoovers.com/company-information/cs/company-profile.boraie_development_llc.dfacb2a0e04c915a.html

About Boraie Development

Boraie Development offers a variety of services that focus on the urban market of the real estate’s industry such as property management, real estate development as well as sales and marketing. The team at Borarie aims at building spectacular urban properties and service to the clients. Over the past thirty years, Boraie Development has a track record of enhancing the urban communities in New Brunswick area. The company’s investment strategy mainly involves the investment in urban neighborhoods, residential properties, and retail establishments. For more details visit Bloomberg

Boraie Development has had a significant impact on the transformation of New Brunswick City. The firm has currently been focusing on the downtown areas of Newark City. The company has even partnered with Shaquille O’Neal, the basketball legend, and developed residential and commercial real estate in other New Jersey cities. This partnership led to a 10 million dollar renovation project in 2012. The following year, the company began a 60 million dollar rental complex project that happens to be the first housing tower in downtown Newark.

See more: http://www.nytimes.com/2005/03/06/realestate/at-two-extremes-of-a-housing-market.html

The Success of Don Ressler as an Entrepreneur

Don Ressler is a businessperson who has gained recognition due to his successful e-commerce ventures. His most profitable business is Intelligent Beauty. Ressler kicked off his entrepreneurship journey by establishing an online enterprise that was known as FinessHeaven.com. The business was successful, and he later sold it to Intermix. The entrepreneur then decided to partner the then COO of Intermix, Adam Goldenberg, in founding another firm that was called Alena Media. The efforts of the two businessmen enabled the company to generate revue that totaled to hundreds of millions of dollars. The company was successful until 2005 when New Corp acquired it. It was mismanaged by the media conglomerate, and this led to its fall.

Don Ressler and Goldenberg have sufficient knowledge on how to handle online performance advertising enterprises. They decided to establish a company that could be run independently. The duo invited their former employees at Alena Media, and they combined their efforts to create a new business. The firm was first called Brand Ideas but was later renamed Intelligent Beauty. It has been making huge profits through various subsidiaries that it created. The company founded DERMSTORE as its first branch, and it focused on retailing skin care and cosmetic products. Two years later, the entrepreneurs established another subsidiary that was called SENSA. According to apparelnews.net the company mainly specialized in weight loss products and Brett Brewer was appointed as it CEO. The success of the two subsidiaries attracted Intelligent Beauty’s first investor, Technology Crossover Ventures, which offered $43 million.

Intelligent Beauty expanded its business when it founded JustFab in 2010 on Zimbio.com. The company was a third party e-commerce business and focuses on fashion. Its success enabled it to secure $33 million from Matrix Partners. The firm’s subscription service grew rapidly, and it had 4 million members by December 2010. By April 2012, the number had grown to more than 6 million. Crossover Ventures, Intelligent Beauty, Matrix Partners, Rho Ventures were pleased by the success of JustFab, and the offered it $76 million.

JustFab expanded by founding FabKids, which sells children clothes to its subscribers. The firm got 3 million members from Europe by acquiring The Fab Shoes, which had established itself on the continent. The Fab Shoe’s main client base was in Germany, France, Spain, and the U.K. JustFab had a series c funding where it secured $40 million that was used in setting up Fabletics. Investors also offered it $85 million is 2014, and this raised the total investment to $250 million. Source: https://pando.com/2014/08/28/breaking-justfab-raises-85m-at-what-sources-say-is-a-1b-valuation/

Eric Lefkofsky, Serial Entrepreneur And Philanthropist.

Eric Lefkofsky is an American businessman, serial investor, and entrepreneur with over 100 investments in 70 companies and startups. He is currently based in Chicago, Illinois and is actively involved in philanthropic activities.

He received a B.A degree from the University of Michigan. He then went on to attain a J.D from the university’s school of law.

His career as an entrepreneur began while he was still at the University of Michigan when he got together with Brad Keywell to purchase Madison-based clothing line, Brandon Apparel.

His partnership with Keywell has been extremely fruitful, as the two have been involved in the co-founding of successful firms and ventures such as Starbelly, Echo Global Logistics, and MediaBank.

Eric Lefkofsky specializes in the conversion of traditional business systems into technologically astute entities that are competent and fully operational. He has either worked for, or had a hand in the development of entities such as Groupon, Innerworkings, Lightbank, Uptake, Mediaocean, and Tempus.

Currently, he is the CEO of Tempus and chairman of Groupon.

About Tempus

Tempus is a healthcare technology firm that makes it possible for physicians and other medical practitioners to offer cancer patients personalized care. This is made possible through the use of an interactive analytical learning platform.

This is done by creating an online database of clinical and molecular data and an operating system that would make this data easy to access and to comprehend. The objective here is to ensure that each patient will gain from the data collected from previous patients.

This platform will contribute to this process by making available tools for genome sequencing, data analysis, generating reports, and the validation of these reports.

Eric Lefkofsky is the author of Accelerated Disruption, a book that explains what disruptive businesses are, how they are formed, and how to achieve their sustainable growth.

A disruptive business is one that can move at the same speed with the improvement of technology. Those that are left behind in this dynamic change will be irrelevant and get replaced, while those that are able will have a competitive advantage in the years to follow.

In this book, he reiterates that the rate of technological development is allowing competition to emerge from either the large firms or from small innovative startups.

He has been an active philanthropist since the launch of the Lefkofsky Family Foundation in 2006. This foundation aims at creating high impact opportunities in the fields of medical research, human rights, education and the arts.

In Chicago, he sits on the boards of various organizations in different capacities. He is a member of World Business Chicago, the Art Institute of Chicago, among others.

Eric Lefkofsky has also been involved in the committee of “Chicago 2016” that aimed to garner support for the city’s bid to host the incoming Summer Olympics.

More detail: https://www.crunchbase.com/person/eric-lefkofsky