Business, Real Estate Business

Shaq and Boraie: A Partnership Intent on Success

Contrary to popular belief, your name does not necessarily grant you special privileges in all aspects, and sometimes, you have to go through the proper channels before achieving your goals. Though Shaquille O’Neal is a well-known public figure with decades worth of success on and off the courts, his big name still does not grant him special rights or the ability to surpass necessary processes within some industries. Shaq and Wasseem Boraie have been in collaboration since 2013 in an attempt to open a luxurious apartment complex in Atlantic City. The sixty-one million dollar complex will be referred to as The Beach at South Inlet, and would generate revenue to an otherwise stagnant portion of the city.

Anticipation has brewed between the partnership as a meeting pertaining to their thirty million dollar loan is set to determine if it will be renewed. The Casino Development Authority will review their proposal once more to determine the status of the loan, and eventually if they will be approved to begin construction of the complex. Subject to the same rules and regulations as the general public wishing to embark in real estate investment, Shaq is certainly in good hands with experienced Boraie, though.

Wasseem Boraie is the Vice President of Boraie Development, LLC, based out of New Brunswick, New Jersey. Extending his services to the greater tri-state area, Wasseem is undoubtedly an experienced individual. With a heavy focus on the urban real estate market, he along with his company generate an estimated ten to twenty million dollars in revenue each year. Working with esteemed clients and tackling projects that will greatly benefit his state, Boraie is an individual intent on leaving behind a legacy.

After receiving his Bachelor’s from New York University Leonard N. Stern School of Business in International Business, English, and Finance, Boraie began his career in 1999 at Boraie Development, LLC. His famous client list sets him apart from the competition as he works to help celebrities achieve their goals. In matters pertaining to The Beach at South Inlet, without Wasseem Boraie, Shaq might not have made it this far in his project.

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