Adam Milstein The Real Estate Genius

Adam Milstein was born to Eva née Temkin, a homemaker, and Hillel Milstein, a real estate developer. He moved from Israel to the US in 1981 to pursue further education. After earning an MBA degree in entrepreneurship from the University of Southern California, he kicked off a career in Commercial Real Estate; as a broker for three years and then an investor thereafter. Many people had gone to campus recruiting for jobs, but he felt they did not appreciate his life experience and knowledge. After being on his own for some time, he partnered with David Hager to form Hager Pacific Properties.

Years of hard work secured Hager Pacific Properties’ partnership their fair share in the market. Today, Hager Pacific owns and manages over 100 properties throughout US – which includes 2,300 apartment units and 12 million square feet of industrial and commercial property.

Milstein, the Hagen Pacific Properties developer is not shy in admitting to a couple of mistakes in his formative years, though. Like, wanting to succeed in a very short span of time and putting all his investments into one venture hoping to strike gold. However, experience has taught him better. He is now of the opinion: there is nothing like an overnight fortune. Sometimes, it takes years before a venture can begin making money. The best traits for an entrepreneur, therefore, are persistence, consistency, and ability to follow up with every contact and lead.

From his interview with IdeaMensch, Adam Milstein does advice young entrepreneurs to seriously follow up with their contacts. This is something he personally does with his tens of thousands of contacts using the software Constant Contact. Additionally, he says self-drive and diligence do pay off. However, he advises against setting specific goals at the start-up level of business because it is limiting. Milstein says he has never had a bad job and that is because he enjoys working.

In his own words, he says “Don’t listen to criticism, and don’t let other people tell you you’re being used and abused.”

Finally, he advocates for a concerted initiative to understand issues as opposed to relying on others’ take on matters. He believes in understanding a problem, contemplating the issue, and offering solutions.

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New Brunswick visionary businessman, Omar Boraie

Omar Boraie is the President and patriarch of Boraie Development run out of New Brunswick, New Jersey. It was Boraie’s dream to help rebuild New Brunswick into a beautiful, thriving city. Over four decades of work and building, his dream is still evolving taking shape.

Boraie began with purchasing vacant and dilapidated buildings, where his office now stands. After buying the buildings, he went to the city and told him his plan. They thought he was crazy. The large office building that he built brought into the city some much needed Class A office space during the 1980s and 90s.

Once the office spaces were built, Omar Boraie  realized that for the city to continue to grow, they would need some residential units for people to live in. He pictured a New York City style condominium building. He then went on to build the tallest building in New Brunswick. The twenty-five story building has 121 residential units, forty thousand square feet of office space, another ten thousand square feet of retail space, not to mention the four hundred space parking garage. Many thought Omar Boraie was crazy for building such a building in New Brunswick. However, after it was completed in 2007, it sold out in just two months.

In addition to Omar Boraie’s many successful business ventures in New Brunswick, Omar tries to give back to the community that has supported their business. Omar is on the advisory board for Elijah’s Promise, which is a non-profit organization located in New Brunswick. The organization’s main focus is to alleviate hunger to those in the community. They hope to harness the power of food to change lives, break the cycle of poverty, and alleviate hunger because no one should go hungry. They operate a community soup kitchen, run a culinary arts school, operate a catering business, run a pay as you go cafe, and help low-income residents and families connect with the health and social services that they are in need of. They serve more than one hundred thousand meals per year and train unskilled workers for careers in the food industry.

Sources to learn more about Omar Boraie:
1) http://www.cinj.org/omar-boraie-chair-genomic-science-established-rutgers-cancer-institute

2) http://www.prnewswire.com/news-releases/boraie-development-llc-opens-leasing-center-in-new-brunswick-new-jersey-300176946.html