School’s out for NYC real estate
School’s back in session. Real estate is, too. JEMB Realty recently ended a legal nightmare with ASA College at a building in Herald Center. The saga began in 2020 when ASA missed rent payments, leading JEMB to sue the school and its owner, Alex Shchegol. But the lawsuit was one of many controversies dogging Shchegol and the for-profit college industry. Shchegol made life hard for the college’s old landlord, embarking on a series of unusual legal maneuvers, leading to accusations from JEMB’s lawyers that said his legal strategy amounted to judgment evasion. With the litigation all settled, JEMB may finally […]
This article originally appeared on The Real Deal. Click here to read the full story.
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