Ohebshaloms face foreclosure at Midtown HQ building, again

November 7, 2025 / no comments

The Ohebshalom family, one of New York’s more controversial landlord clans, is facing foreclosure on its Midtown headquarters after allegedly defaulting on a $12.6 million mortgage tied to 226 East 54th Street. LBC2 Trust, an entity affiliated with Minnesota-based Stillwater Asset Management, filed suit this week in Manhattan Supreme Court, claiming Fred, Benjamin and Jonathan Ohebshalom failed to pay off the loan when it matured in October despite three prior extensions, Crain’s reported. The family still owes about $10.1 million, according to court filings.  Stillwater is asking the court to authorize a public auction if the debt isn’t repaid. The […]

This article originally appeared on The Real Deal. Click here to read the full story.

The Daily Dirt: Why politicians shouldn’t be paranoid about projects

November 7, 2025 / no comments

Would you rather vote for a candidate who credibly defends a position or one who is, well, chicken shit? It’s a loaded question, but relevant when it comes to real estate. When Republican Kristy Marmorato defeated Democrat Marjorie Velázquez for an East Bronx City Council seat in 2023, some feared that Velázquez’s support for a controversial development would make other Council members hesitant to defy NIMBY activists in their districts. Then Marmorato herself lost on Tuesday, falling to a Democratic challenger. Pro-housing group Open New York had endorsed her challenger, but in all likelihood, the incumbent’s defeat had little to […]

This article originally appeared on The Real Deal. Click here to read the full story.