Samuel Strauch Believes Miami’s Real Estate Market Will Bounce Back

Samuel Strauch is a Florida real estate investor and developer who is based in the Miami Beach area in South Florida. He created Metrik Real Estate after working for a family business that dealt with real estate investment and development. Before entering the real estate field, Samuel Strauch had worked in the banking industry. His educational background includes studying business, finance and international management at Hofstra University, Erasmus University and Harvard University.

Mr. Strauch says that investors in the Miami Real estate market need not fret over the recent hurricane damage. Samuel Strauch reminds investors that Miami and Florida as a whole is one of the best places in the country to withstand hurricane force winds, flooding and tornadoes. This is because after Hurricane Andrew swept through the state, the state of Florida has enacted one of the most stringent building codes anywhere in the planet.

The strict building codes means that new buildings must be constructed to be hurricane proof. Older structures would also have to be fortified or torn down and replaced. What this means is that despite the ongoing hurricane threat, Miami buildings and structures should be safe in the event of a major hurricane. From the investor and developer point of view, this is very reassuring, says Samuel Strauch. This gives you peace of mind that your investment will remain safe.

While hurricane Irma did cause extensive damage in Florida, it was nowhere near the level caused by Hurricane Andrew in 1992. This was because the state of Florida has shored up its infrastructure and enacted the tougher building codes. Samuel Strauch says that pumps are now powered by backup generators, so that water will continue to be pumped out of streets and flooded streams in the case of power outages. Such a move has helped reduce flooding and associated water damage in many low lying and waterfront areas in the Miami metro area. Shatterproof class, cinder block masonry and roofs with hurricane straps also limit and prevent hurricane damage from powerful winds.

Samuel Strauch says that the real estate in Miami has taken a dip due to Hurricane Irma, but it will not be down for long. Once cleanup is complete and power is restored, expect demand to increase right back where it was. Florida is well prepared for major hurricanes and the threat of a hurricane should not stop real estate developers from investing in some of the best locations in the country.

Samuel Strauch info: www.metrikmiami.com/

How Omar Boraie came up with Boraie Development LLC

In the late 20th century, New Brunswick had been an affected by a lot of issues causing the property value in the area to go down, this had been a major problem across the country on Manta, but it had a greater impact in New Brunswick. Some of the factors that contribute to a decrease in property value included rising numbers of immigrants, this made most companies shift their business from the area on Yahoo, and the property value went down. In the year 1975, Johnson & Johnson chose to remain in the area. The move renewed the investor’s confidence to make investments in the area, and this led to the growth and development of the area.

Since Johnson & Johnson, decided not to leave the area, more and more real estates have been started Boraie Development being one of them. Boraie was founded by an Egyptian immigrant who came to the country as a student. Omar Boraie is the name behind Boraie Development LLC. Omar decided to investment in real estate and did away with his career after realizing that it was the booming business of the era. He built an apartment in the region, and this exposed him to the real estate business, which he handles until date. Today, Boraie collaborates with his two sons to run the company on boraierealty.com.

In 1985, Boraie decided to build a two-tower commercial building. The move was a gamble and what motivated him to go ahead with the project, was the presence of the Johnson & Johnson in the area. The building was constructed at 120 Albany Street. Later the project turned out to be a success. After seeing the success of the project, Boraie felt more urge to make investments in the real estate industry, and this has brought great success to him. His company has grown and currently it is handling mega projects in the region.

One of the projects Boraie Development LLC. is working for a house that will contain 120 one, two and three bedroom apartment. The building will be located in the One Spring Street, according to Waseem Boraie, one of Omar Boraie sons. The two and three bedroom apartment price will range from $300,000 to $400,000. The building is expected to have a glass-enclosed pool, 425 parking spaces and a fitness center among others interesting features. Boraie Development LLC. has been a success since it started operation 40 years ago. Omar Boraie has been playing a vital role to ensure that every decision made will contribute to the growth of the company rather than losses.