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JEMB Realty Settles Legal Drama with For-Profit College in Herald Center

JEMB Realty and ASA College's landlord, Alex Shchegol, end contentious legal battle after accusations of judgment evasion.

JEMB Realty has recently reached a settlement with ASA College and its landlord, Alex Shchegol, putting an end to a legal dispute that has plagued the Herald Center building since 2020.

The saga began when ASA College, a for-profit college, failed to make rent payments, prompting JEMB to sue the school and Shchegol. However, this lawsuit was just one of many controversies surrounding Shchegol and the for-profit college industry.

According to JEMB's lawyers, Shchegol made life difficult for the college's previous landlord by using unusual legal tactics that were seen as evasion tactics. This led to accusations of judgment evasion from JEMB's legal team.

Now, with the settlement in place, JEMB and ASA College can finally put this chapter behind them and move forward.

https://therealdeal.com/new-york/2025/09/06/new-york-city-real-estate-doesnt-make-the-grade/

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