4D — September 13 - 26, 2019 — 40 Under 40 — M id A tlantic
Real Estate Journal
www.marej.com
40 U nder 40 Moshe Braude, Magnico Contracting “I take nothing for granted. There is always an opportunity to learn, grow and succeed”
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Thankfully, I have a part- ner with those same goals. It was like kismet, when Pinch Nachumson and I met. We both had the same aspira- tions, but he also had expe- rience and a reputation for excellence. That inspired me to always do better and be better. Working with Pinch, I have developed a more comprehen- sive view of what we do as a company that allows me to anticipate potential hurdles. This allows me and my team to eliminate any surprises and to provide our clients an accurate roadmap. What’s next in your pipe- line? I’m excited about our next projects. We’re about to embark on a conversion of several shuttered religious schools into multi-family with amenities. It’s an interesting project, working with historic buildings that have long been idled. Our client is breathing new life into them to support a larger renaissance taking
place in the area that’s at- tracting more young people looking for quality, affordable places to live. On the other end of the age spectrum, we are working with private and institutional investors on renovating nurs- ing homes and other senior care properties to update them and bring in modern amenities. The senior hous- ing industry is very competi- tive with newer communities popping up in many markets, leaving the older ones to repo- sition themselves to compete effectively. This dynamic is terrific for our aging seniors who benefit fromwider access to high-caliber living options in their sunset years. These two projects – while very different from each other – really represent how we can be integral in creating opportunities for the chang- ing demographic landscape in this country. At the very heart of it, it’s about repur- posing what’s not working into something that is quality and relevant to today.
hat is your great- est profession- al accomplish-
Moshe Braude CEO Years with company/firm: 3 Years in field: 10 Years in real estate industry: 10
ment? Ten years ago, I left school to work in the construction and real estate industry, working my way up from entry-level jobs that span many facets of the business. Fast forward to today, and I now employ over 30 people who are also able to provide for their families. To see my effort multiply like that gives me a great sense of accomplishment. What has been yourmost notable project to date? We recently completed the renovation of the 139,000±- s/f Ramsey Office Center, turning what was a dated property into a modern com- plex designed for today’s workers. We were not only able to bring new life to an old building, we also contributed to Bergen County’s growth as a hub for some of the most successful new companies in the country. To do this, we leaned on our value engineering and cre- ative construction methods, which allowed us to complete the project on schedule and under budget by 30%. It was the property’s first major upgrade since it was built in the 1980s and the reposi- tioning so far has attracted several new tenants for the ownership. How do you contribute to your company? I am hands-on, leading clients through their project from start to finish. No one likes surprises when it comes to construction. So, to mini- mize any unforeseen issues, I manage the process from the initial phases of design to ma- terials, costing, identifying potential hurdles, analyzing schedules and logistics. It’s important to be transparent, so that every client under- stands all aspects of the job before we start and knows we’re looking out for their best interests. Who or what has been the strongest influence in your career?
My previous bosses, Sam In- gber and Abraham Goodman at Brookstone Management, gave me so many tools that I use on a daily basis. I have tre- mendous admiration for them both and feel that I am very much a product of the time and effort they invested in me. What impact has social media/networking had on your career? I focus less on social media and devote my efforts to in- person networking. I find people are more comfortable sharing ideas and informa- tion in an informal, real- person social setting. Whether a private club, a trade show or a conference, meeting new people not only helps me keep up with cur- rent events in the industry, but also allows me to build my network of professionals who I can refer to my clients and who can help generate future business. Tell us how and when you began your career in the profession you are in, about your current posi- tion and why you choose the field/profession you are in today? I was always a good stu- dent, but I was never sure of what I wanted to do. I didn’t want to go to college and end up sitting at a desk all day. Construction promised variety and opportunity to master a trade that could build a future. I was hooked from the beginning. I learned from those around me and educated myself in every as- pect of the business. I knew that one day, I wanted to run my own company. As CEO of Magnico Con- tracting, I take nothing for granted. There is always an opportunity to learn, grow
and succeed. What challenges and or obstacles do you feel you needed to overcome to be- come as successful as you are today? The road to success is full of potholes. But each pothole is a challenge, one that if I can overcome, allows me to travel further down the road. Once I realized that, each obstacle – each pothole – was much easier to tackle and, I believe, made me and the company stronger. What inspiring words of advice would you give to a young executive graduat- ing from college today? Knowwhen to put the horse blinders on! Seriously, I believe that to be successful today, you have to know when to shut out the expectations from social me- dia and people around you, which, for many, can lead to negativity and self-doubt. Focus on your own goal. Success doesn’t come easy and you need drive, determi- nation and self-awareness to keep going even when people around youmay question you, or if social media makes you second-guess yourself. Every person can achieve great- ness, but you need to center yourself, know yourself and believe in yourself to be the best you can be. No one else can do that for you. What were some of your early goals and did any- thing happen to change them? I want to be upfront and candid with my clients, so they understand what to ex- pect at all times. I don’t want anyone to feel they are left in the dark, or feel as if the process is out of their control.
these are a few of my favorite things Books: Duties of the Heart (Gate of Trust) by Bachya ibn Pekuda Apps: WhatsApp and LinkedIn Sport: Baseball Hobbies: Playing guitar and running Food: Pizza Dessert: The cheesecake at 26 Sushi & Tapas in Surfside, Fla. Restaurant: My wife’s food If you could dine with anyone dead or alive who would you choose? My wife
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