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Fred Ohebshalom
Fred Ohebshalom (born 1952) is an American real estate developer and founder of Empire Management.〔(American Committee for Shaare Zadek Medical Center in Jerusalem: "Nader and Jeanette Ohebshalom (Kings Point, NY) and Fred and Yvonne Ohebshalom (Kings Point, NY) - Newest Gift: $260,000 to Name The Parviz Ohebshalom Cancer Pain and Palliative Medicine Clinic" ) Spring 2009〕
==Biography==
Ohebshalom was born to an Iranian Jewish family〔(New York Post: "COPS BARGE IN ON BAD LANDLORD" By Brad Hamilton ) October 23, 2005〕〔(Columbia Spectator: "Tenants Allege Intimidation" By Sara Vogel ) October 3, 2006〕 in Teheran, Iran.〔 In 1964, he emigrated to the United States〔 where he graduated with a B.A. in Business Administration from Pace University.〔 In 1975, he purchased his first building in Rego Park, Queens.〔(Empire Management: "ABOUT US" ) retrieved July 19, 2014〕 He built the company by focusing on purchasing modest-size rental buildings in Manhattan.〔(New York Times: "For Rental Buildings, A Rising Market" By ALAN S. OSER ) October 5, 2003〕 As of 2014, he owns over 100 apartment buildings in Manhattan.〔 In 2011, he made a foray into large scale development with the purchase of 111 Washington Street in the Financial District for $50 million after the owner defaulted; three years later, thanks to a boom in financial district real estate, it was listed for sale at $260 million.〔(Crain's New York: "Downtown lot hits market at a princely $260M" By Daniel Geiger ) March 10, 2014〕〔(Long Island Real Estate: "FiDi development site hits market for $260 million" by Angela Hunt ) retrieved July 18, 2014〕 He now plans to build a 54 story tower on the site.〔(The Real Deal: "54-story luxury rental planned for 111 Washington in FiDi" By Adam Pincus ) July 15, 2011〕〔(New York Yimby: "Vertical Potential: 111 Washington Street" by Nikolai Fedak ) March 26th 2014〕 Although he has been criticized for raising the rent after rent stabilized tenants move out, New York State law allows a 17-20% increase to rent if a rent stabilized tenant vacates.〔〔(Voz Iz Neias: "New York, NY - Shalom Organization Accused of Illegal Evictions" ) February 1, 2008〕〔(Columbia Spectator: "110th St residents Disgruntled" ) April 27, 2004〕〔(Queens Chronicle: "Middle Village City Block Dies A Slow Death: Why" by Austin Considine ) March 6, 2008〕 In 2011, 357 West 45th Street, a property owned by Ladera Partners, LLC, a company owned by the Ohebshalom family, was foreclosed upon; in 2012, Ladera sought the subsequent sale of the property to be vacated and the property returned to their ownership. The request was denied due to the fact that "Ladera defaulted on its mortgage in early 2010...Ladera failed to pay taxes and failed to maintain the building, allowing serious conditions of disrepair to develop in occupied residential buildings."〔(【引用サイトリンク】url=http://www.leagle.com/decision/In%20NYCO%2020120717304 )〕
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