SHAQUILLE O’NEAL PARTNERS WITH BORAIE DEVELOPMENT TO DEVELOP NEWARK.

For over 50 years now, the first Newark’s high rise building is being constructed with an attached name of Shaquille O’Neal. The Newark native and NBA Hall of Famer joined the stakeholders and officials on Tuesday at the Shaq Tower, as the building will be called, for a top-off ceremony to mark a milestone in the construction of the building. The elected officials at the ceremony were Governor Phil Murphy, Governor Sheila Oliver, Mayor Ras Baraka and his acting deputy, Carmelo Garcia who also serves as director of economic and housing development. Also present was Boraie Development, Margaret Anadu, head of urban investment group and the managing director of Goldman Sachs Urban Investment Group.

 

According to rutgers.edu, the $79 million, 22- story building set to be opened by the end of the year will have a space of a million square feet, 169 units for rentals and a retail space at the ground floor. According to Omar Boraie, as from September, the residents can be able to apply for a lease. He states that the former Old Science Park High School property was bought by Boraie Development 10 years back, but until last October, no construction began since they were waiting for the best time by identifying the area’s new businesses and then build based on the supply.

 

With buildings like the New Jersey Performing Arts Center, Renovated Hahne & Co. building and celebrity Chef Marcus Samuelsson’s new restaurant, the Shaq Tower developed by Boraie Development and O’Neal is a step forward.

 

Besides Boraie Development based in New Brunswick and O’Neal, the private-public partnership involves Goldman Sachs Urban Investment Group and the department of economic development urban transit hub tax credit in New Jersey.

 

O’Neal makes a public announcement of his plans to invest in the construction of a 35-story building worth $150million. The 350-unit apartment on 777 McCarter Highway will be done with Boraie Development and will be referred to as the ‘House that Shaq Built.’

 

In Newark, there is a new program, Project IMPACT which is partnered with O’Neal and Boraie Development aimed at training Newarkers for unionized jobs. So far 18 have been trained and the Mayor, Ras Baraka, states that this is to ensure residents are given work by the developers to make them be part of the development in Newark. For more detail you can visit bloomberg.com

 

See more: https://local.yahoo.com/info-11014537-boraie-realty-new-brunswick

Equities First Holdings Wants What Is Needed For Each Customers

Customers can get stock based loans from Equities First Holdings, and they are a part of a growing stock based loan market. The French Tribune has written about the company, and they have talked about how this company makes it easy for them to get the right loans. There are some people who are going to find out how they can get a loan that will not be overpriced, and they will feel a lot better about how they have done this. It is very easy for someone to get the Equities First staff to show them how to get the right loan, and they ask them to give their trading stocks as their collateral. This is a lot safer than using a home or business, and it still allows someone to get the collateral that they need for their loans. Everyone wins with this program from Equities First Holdings.

Other Reference: http://frenchtribune.com/teneur/25507-equities-first-holdings-thrives-uk-transaction-update-and-15th-anniversary-statistics

The American Institute Of Architect’s Most Distinguishing CEO

The AIA, formally known as New York Society of Architects, is a professional body for architects in the United States founded by a group of 13 architects in New York City in 1857. The organization aims to improve the reputation of the profession as well as promote the perfection in the delivery by its members. Before the creation of the organization, anyone could call himself an architect. This was because there were no architectural schools or licensing laws for architecture in the US. The first president of the organization was Richard Upjohn.

The 12 original members invited 16 other reputable architects to join them. Due to requests by architects from other parts of the country to be included in the organization, chapters were formed in other parts of the country by the 1800s, such as in Baltimore, Boston, Rhode Island, Albany, and San Francisco. There were over 300 chapters as at 2008. The organization headquarters is in Washington D.C.

Currently, the organization is made up of more than 90,000 members. The AIA has different level of membership that spans architects practicing in the United States to architects that have been with the organization for more than 15 years.

The organization is governed by a board of directors with more than 200 full-time employees. It uses its huge membership to influence government decisions that affect its members and the profession.

In 2011, Robert Ivy was named the CEO of the American Institute of Architects. Ivy holds a Bachelor degree in English from Sewanee: The University of the South and a Masters in Architecture from Tulane University. Robert Ivy has contributed tremendously to the field of architecture going by his degree in English. He was the Editor-in-Chief of an architectural magazine, Architectural Record, in 1996. Under his leadership, the magazine received several awards, including the Premier Magazine Journalism Award. Till date, the magazine has won 26 Jesse H. Neal Awards and 7 Ozzies.

Robert Ivy was awarded the Crain Award in 2009. This is the highest recognition for individuals by the American Business Media. In 1998, he was awarded the McGraw-Hill Award for Management Excellence.

The National Architecture Fraternity, Alpha Rho Chi, in a unanimous vote named Robert Ivy as a Master Architect, a designation he shares with iconic architects such as John Wellborn Root and Dr. Nathan Clifford Ricker. He is the only architect to have been selected for the award in the 21st century.

Fay Jones, Robert Ivy’s biography, was published in 2001 and is currently in its third edition.

Read:https://www.bizjournals.com/washington/quick_news/2010/12/american-institute-of-architects-news.html