"My advice for the next generation is to stay focused, keep an open mind and be able to make your own decision. Don't be afraid to make mistakes if you learn from them," says Bentley Zhao of New Empire Corp.

The market-rate property is located in an opportunity zone, and will cost approximately $60 million.

The firm obtained the financing, arranged by JLL, to develop a $596M tower that will feature 555,250 square feet of life science, office and retail space in Boston's Seaport district.

Recent Series B funding helped Funnel become a major player in the competitive property management space.