JHSF operates with much success in Brazil. The company, under the leadership of Jose Neto, has undertaken successful expansion plans that have made it more competitive. The company, which begun its operations in 1972, develops residential property in Brazil. Indeed, there are commercial projects also undertaken by JHSF. International airports hotel business and Shopping malls are developments undertaken by JHSF.
JHSF has its headquarters in Salvador. It operates in other cities such as Manaus and Sao Paulo. Jose Auriemo Neto’s plan of expansion has seen the company venture into the hotel business. The company also has a piece of the shopping mall business. Neto, in 2006, secured partnership with CPIC, Santa Cruz, SAES and Vista as a growth strategy. The acquisition of Hotel Fasano was a diversification strategy for the company. It started with the acquisition of the company’s majority shares before it was bought in its entirety. JHSF also went on to acquire all of Hotel Fasano’s chains. This maneuver, which cost ’53 million reais’, put JHSF in contention for the hotel industry business.
Jose Neto is JHSF’s chief executive. In this position he is responsible for strategic planning and oversight of development projects. Neto also sits in the board where he has successfully defended his plans and particularly his diversification agenda. There has been growth under Jose Neto’s leadership as is evidenced by Sao Paulo’s CidadaJardim and other complexes like the Metro Tucuruv. The Ponta Negra complex is also another highlight of his leadership. Another Manaus based complex he is responsible for overseeing is the Bel Vista complex. Through these property developments, the company’s portfolio has grown tremendously.
The ‘Fundacao Armando AlvaresPanteado (FAAP) University’ is notorious for educating many Brazilian achievers and Neto is no exception. In 1993, Neto started working for JHSF and rose to the position of board member in 1999. In this position he advocated for diversification of the company’s business and soon launched his parkbem project. Upon the success of this project, the board sanctioned the diversification plan which has so far catapulted the company to success in other industries other than real estate.
Jason Halpern grew up in a family that has been involved in the real estate development industry for decades. He founded his own real estate, JMH Development, in 2010 that he uses to invest in luxury property developments in New York City and Miami, Florida. One of the core philosophies that Jason Halpern has is history preservation. JMH Development uses adaptive reuse technologies and building practices that keep the character of the historic building they repurpose while updating the buildings for the modern world.
At JMH Development, Mr. Halpern has put in place industry experts that are involved in all stages of the redevelopment process. The team researches buildings and creates strategies on everything from site to building design. The company is also involved in construction, branding, and marketing of the finished building. The types of properties that Jason Halpern works on are residential, hospitality, and mixed-use properties.
One of Mr. Halpern’s recent property redevelopments was the Aloft South Beach hotel in Miami, Florida. This hotel, redeveloped in partnership with Madden Real Estate Ventures, re-used the Motel Ankara which is considered a historical building. The redevelopment completely upgraded the existing building while also adding a new 8-story tower to the property. When talking about the property, Jason Halpern said he was excited about the project as it marked a breakthrough in adaptive reuse construction techniques. In September 2016, Jason successfully sold the Aloft South Beach to Rockpoint group for $105 million. As the hotel has 235 rooms, that works out to about $447,000 a room.
Another recent project of Jason Halpern and his team at JMH Development is a building that had been a warehouse on the Brooklyn waterfront. The building used to house The Austin Nichols Company which was the largest grocer in the nation. Mr. Halpern has redeveloped the building into 340 unit luxury apartment building. Due to the use of adaptive reuse, the character of this building has remained which was a requirement as it is listed on the National Register of Historic Places. Among the many luxury touches throughout the building is a 20,000 square foot landscaped courtyard. It also has a state-of-the-art gym and a 10,000 square foot space for gatherings. Additionally, the property now includes 17,000 square feet of retail space along the ground-based level.
Another featured luxury development of JMH Development is The Townhouses of Cobble Hill in Brooklyn, New York. The project included the construction of nine luxury townhouses and is located in one of Brooklyn’s most prestigious neighborhoods. Four of the townhomes were historical and they have been completely modernized while the other five townhomes are brand new. The homes come completely furnished, including designer furniture and high-end appliances.
The City of Newark has been experiencing a renaissance the past few years; boosting revenue in the form of residents, businesses, and opportunities. The Newark Commercial Real Estate Summit brought together key players in real estate, urban development, investment, and city planning for a panel discussion where participants conveyed their ideas and feelings about recent positive changes to the blueprint for the reboot of Newark. Development firms that can build the kind of attractions that will bring traffic to a city have long had a bigger vision for Newark; but only recently found themselves with a city administration that was on the same page. As detailed here: http://www.njbiz.com/article/20150721/NJBIZ01/150729950/in-newark-choice-of-residential-projects-trumps-one-big-building-panelists-say, contractors are excited to be able to make a difference and have waited for the opportunity to work on a number of projects. Waseem Boraie, whose company Boraie Development plays a prominent role in the ongoing makeover of Newark, is one developer who approves of the city’s new plan for growth. In the past it was believed that a single ambitious project was all that was needed to jump start renewed interest in Newark. In green-lighting five to ten large scale projects to be ongoing simultaneously; the city administration is trying a new plan that in Boraie’s estimation will ultimately mean success of the new and improved Newark.
Other panelists concur with Boraie: allowing that the diversification of ongoing projects, and the increase in the number of large scale developments, will prove attractive to prospective residents, businesses, and capital from private investors. Richard Tucker of Tucker Development Corp. affirmed that his company’s successes, including the Courtyard by Marriott that opened in 2012, and the upcoming Springfield Avenue Marketplace, were enabled not by a single source but from a variety of investors and subsidies. Jose Cruz, a managing director with HFF Brokerage, sees the scope of projects finally in the works in Newark attracting capital from the kinds of investors who previously would never have strayed too far from Manhattan.
As vice president of Boraie Development LLC, Wasseem Boraie is no stranger to successfully revitalizing New Jersey cities. The oldest of company founder Omar Boraie’s three children watched father bring new life to New Brunswick starting in the 1970’s. From past experience Wasseem knows what’s necessary to build a city to its full potential, and the overall tone of the panel discussion falls in agreement.
The development of the NYC Apartments for ren real estate industry across the world has led to increased market structures and living standards of people. This is because many people are in a position to acquire a good residential house. Many institutions and people have benefited from the diverse nature of services offered by the real estate companies. These companies have also contributed a lot of resources towards structural development in many countries in the world. As such, many governments have also provided an enabling environment for the real estate industry to grow and prosper. Due to the nature of the business, the industry has invested a lot of resources in acquiring and developing land into both residential and commercial areas. The companies are limited due to the high cost accompanied by building and running of the firms. In the recent years, New York City has experienced influx of real estate companies that have contributed in the development of the state into a modern commercial and residential hub. For instance in November, the number of people renting residential houses in Manhattan reduced significantly compared to other years. This is according to Brown Harris Stevens which is one of the real estate companies in New York. Halstead Property development marketing has recorded an increase in the sales of their residential houses and has 550 apartments remaining.
Olshan Realty has however recorded an increase in its income through signing the Manhattan contract of the apartment costing 4 million dollars. Other companies have benefited from the commercial sale of the real estate properties. The Aerial Property Advisory received a lot of profit through the sale of over 1.7 billion dollars. The commercial space has also led to leasing of over 22million square feet of office space. This has led to increased income as recorded by the company in the first quarter. This was originally reported on the Real Deal.
The success of the real estate companies in the city has received a lot of boost from the Town Residential. Here, the companies have been provided with the specific guidelines to compete favorably in the market.
The Town Residential is mandated with leasing and marketing of the family owned assets in the state. It provides the best framework of repossessing the assets through caring out research on the best development platform in the city.