Shervin Pishevar is considered to be one of the most influential venture capitalists in the world today, and as the co-founder of Virgin Hyperloop One, as well as Sherpa Ventures, he has made a career of identifying and investing in upstarts that would eventually rise to prominence, becoming globally recognized brands. Companies such as Airbnb, Warby Parker, Slack, Rapportive, Dollar Shave Club and Rap Genius were all recognized by Shervin Pishevar for their enormous potential long before they became mainstays in the eyes of the general public. The graduate of the University of California, Berkeley initially studied in the field of molecular cellular biology, making the transition into the world of entrepreneurship shortly after college after realizing the potential within himself to flourish in this field. Due to his stellar set of credentials, the world often pays close attention when Shervin Pishevar speaks, as he usually takes to Twitter to deliver his perspective regarding the general state of the market and the future of the American economy.
In his glorious return to Twitter, after a short layoff, Shervin Pishevar touched on a number of topics that are due to change the climate of America, including the future of the stock market. During the delivery of his succession of tweets, which spanned 24 hours, he stated that the stock market would soon experience a 6000 point drop off. With the stock market currently in flux, which has been occurring since the early part of the year, this prediction seemed wholly feasible, but not many people saw the 1000 point loss that followed. Losing 500 points in just 30 minutes, the entirety of the market began relinquishing its perceived safety, which had been consistently championed by the US President, Donald Trump. Shervin Pishevar immediately addressed President Trump following the Dow Jones’ substantial loss, tweeting that “Presidents should not be cheering the stock market,” and following it up with a hashtag named “TrumpDump,” which quickly caught on throughout the Twitter community. If Mr. Pishevar, who has been correct on so many occasions regarding financial issues, is correct, the United States is in for a number of drastic changes.
Borae Development has been a source of hope among years of trouble in Middlesex County, NJ specifically as they’ve worked to improve the housing and commercial properties in this area over the past 30 years and more. The way they’ve done this is by building apartment condominiums, leased office space units and other areas accommodating for retailers in Middlesex County’s cities with appeals made to millennial consumers. The vacancies and housing prices in New Jersey in general are no overnight fix, but Boraie Development has stayed true to their work over the years and they plan to keep pushing ahead come what may.
Boraie Development was founded by Omar Boraie and is managed by him and his two sons Wasseem and Sam. Sam Boraie came to New Brunswick, NJ from Egypt over 40 years ago and at that time his career was primarily in the chemistry field doing lab work and working on his doctorate. But upon living in New Brunswick for some time, he saw a city that was falling apart as far as its properties were concerned, and he realized if he didn’t start doing something about them nobody else would. He decided to go into real estate investing on his own believing that with a new makeover to properties he purchased that businesses and residents would once again start moving back into the area. Most people were skeptical of Omar Boraie’s plans, but the news that Johnson & Johnson decided to remain in Middlesex County encouraged him to follow through with his plans. For more details visit Crunchbase.
According to Patch, Boraie Development took their work to Albany Street first where one of the most dangerous areas of downtown New Brunswick was turned into a brand new shopping area and civic activity hub. The construction of Albany Street Plaza’s tower one was finished in 1988, and in 2003 tower two and several other nearby buildings were also finished and New Brunswick started turning around. The city’s first big condominium came in 2006 when Boraie Development capitalized on a plan for a Manhattan-style high rise apartment on Spring Street. Most people thought it would take years to rent out, but every unit there ended up renting out in just months. Following construction of that building came The Aspire, a Rutgers housing project and now the Beach at South Inlet. It was only just a few years ago too that former NBA star Shaquille O’Neal also got involved with Boraie Development to plan new buildings for Newark neighborhoods.
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