The Achievements Made By Omar Boraie Through Boraie Development

Omar Boraie is a New Brunswick-based real estate developer and the president of Boraie Development LLC. Boraie Development LLC is a real estate firm that deals with the development of real estate, management of property, besides sales and marketing. As a resident of New Brunswick, Omar Boraie has played a pivotal role in the city’s developments and looks forward to constructing more properties in the future. The town is home to Rutgers University and serves as the Center of Middlesex County on about.me. However, it has been facing challenges of increased immigrant populations, devaluation of properties and relative neglect.

However, when Johnson & Johnson decided to remain in the city, major investors, among them Boraie, were motivated to invest in the town. Omar Boraie bought neglected parcels along Albany Street and established Albany Street Plaza Tower one, a facility that has modern office spaces. In 2003, he put up another Albany Street Plaza. In 2007, he developed One Spring Street condominium to house professionals who worked in his two towers. In the future, Boraie plans to target technology and biological science industries. He intends to put up a third commercial site, which will be close to the train station where he can host firms that will benefit from the close distance to Rutgers.

Read more: Omar Boraie Chair in Genomic Science Established at Rutgers Cancer Institute

In 2015, Omar established the Omar Boraie Chair in Genomic Science to support research activities in Rutgers Cancer Institute. The Omar Boraie Chair was among the 18 Chair Challenge campaign where Omar Boraie pledged to donate $1.5 million. According to the chair challenge, an anonymous donor is to give $1.5 million to match each of the 18 new chairs. The director of the Rutgers Cancer Institute applauded Boraie for his support to the health sector of the town.

Through his company, Boraie Development LLC, Omar supports several projects in the community. Omar and his partner, Shaquille O’Neal, donated at least $25,000 to support a Boys & Girls Club that had closed due to pending debt of $150,000. The club had been given two weeks to pay the debt before opening for a limited summer on NYTimes. However, Boraie, through Boraie Development, and his partner came to their rescue. The two partners have also offered financial support to the Newark Boys & Girls Club.

Reference: http://www.hoovers.com/company-information/cs/company-profile.boraie_development_llc.dfacb2a0e04c915a.html

High Corruption: And Government Bailout

One thing that could be said for Helane Morrison is that she is very confident. For one thing, law enforcement is not effective when people are indecisive. Fortunately, Helane had enough confidence in order to pursue a course that has gotten the financial industry back in shape when corruption was revealed in 2007/08 when the financial crisis hit. As a result of the exposure of corruption, many financial institutions including the well respected institutions have come crashing down. Some of them have been seeking government bailouts. Many American citizens lost trust in the institutions. They became very hesitant to open an account because they were afraid that they were going to be faced with something that results in them losing money.

One good thing is that there is the compliance office. These people are very powerful when it comes to making sure that the institutions are acting in an ethical manner. If people can’t trust financial institutions, they can trust the compliance officers, especially Helane Morrison. She is someone that takes her job very seriously. She is serious about making sure that the clients can trust that they are getting a fair deal. She had a long fight when it was revealed that many of the major companies were involved in violations. However, she has managed to get the financial institution to act more ethically.

This is why some institutions have compliance officers on board. The owner of the company wants to make sure that they maintain their ethics. In some cases, companies can lose sight of ethic practices if they are not reminded about what is ethical. This is why compliance officers like Helane Morrison are some of the most valuable people in the industry.