Category Archives: Real Estate

History behind the success of the JHSF

JHSF is among the leading real estates in Brazil. The company has network its operation in various areas to expand its potential in the market. The primary areas that HSF deals with are commercial acquisition and management of shops, property development, and residential market. The firm traces its history way back in 1972 where it was only concentrating on the business activities of the future businesses. The company then exploited its potential in areas of innovation and quality service delivery in the provision of the solution in the Brazilian market. This move placed the firm at a vantage position over its competitors and gave it a chance of priority by the clients as compared to other companies providing the same service.

JHSF has an excellent record of successful management of various projects in the Brazilian market. The consolidation of its activities in the major cities gives it a better way of handling the primary challenges that are associated with the operation. The company runs its operation in stages by using four main units of hotel and restaurant, incorporations airport projects and malls. This has channeled the top management of the JHSF to deal majorly on the income earning services that are consistent. This has also made the company employ different strategies in the market with the intention of winning the confidence of the clients. The major factor that is valued by JHSF is the quality that is believed to be attached to the competent staff. The fact of valuing quality in service delivery has significantly made the company generate a lot of revenues used in expanding the business.

Jose Neto has been running the company for the post of chief executive Officer from the year 2003. He is known be the one behind the introduction of the service department in the enterprise. Additionally, he created another parking lot management firm as one of his achievement in the year 1997. On his development of the shopping center department within the company, he was granted permission to develop Santa Cruz shopping mall. His pragmatic skills in leadership made him the potent person to lead the company.

JHSF as a company has achieved a lot in various sectors that are within the niche of its management.

Shaq and Wasseem Setting up House in Atlantic City

Shaquille O’Neal can be really choosy when it comes to investing, as he wants to know where his millions are being directed. The NBA legend has teamed up with New Jersey’s big time developer Wasseem Boraie to build The Beach at South Inlet, a $61 million apartment complex in Atlantic City. Both gentlemen are simply waiting for the green light to come from the Casino Redevelopment Authority, but it doesn’t appear ready at the moment. The Re-investment Development Authority is likely to drag out the loan expiration date, so it can further re-examine the proposal.

Two years ago, the RDA first approved the $30 million loan to Shaq and Wasseem, but then turned an about face after the Revel and Showboat casinos both shut down, and Trump Taj Mahal began developing financial problems. The RDA placed the proposal on the back burner, so they could re-evaluate the plan for the South Inlet apartment units, which would be located about a quarter of a mile from the city’s famous boardwalk.

Meantime, Wasseem and partner Shaq are raring to hit the court full speed ahead suggesting in a recent press release that their team can show them the money. Outside financing for the Beach at South Inlet Project has arrived via the New Jersey Housing and Mortgage Finance Agency, with all parties on board. Wasseem and Shaq say they are ready to play ball with the Casino Reinvestment Development Authority (CRDA) to make the project happen in the proper time frame.

The Boraie name is no stranger to the game of city development, with Wasseem Boraie as executive vice president of Boraie Development LLC. The family business is well-respected across the state of New Jersey, having breathed new, exciting life into once blighted sections of New Brunswick, the college town to Rutgers University and headquarters of the Johnson & Johnson company. The Boraies under patriarch and founder Omar are experts at successful, urban community development. Wasseem and company are also busy in Newark with plans on Rector Street for a high rise apartment building with 168 units for housing.

The Beach at South Inlet is proposing a $61 million, 250-unit luxury apartment complex with amenities such as a doorman, on-site parking and swimming pool.

The new deadline for the South Inlet loan expiration is January 29th. RDA officials will have to make a decision on the project before that date.

Learn more about Wasseem