The temporary restraining order alleges that Tal and Oren Alexander moved the underlying collateral on a loan that the firm extended to Official Partners two years ago in a potential attempt at “dissipating the assets.”

Whether it’s refining your business model, mastering new technologies, or discovering strategies to capitalize on the next market surge, Inman Connect New York will prepare you to take bold steps forward. The Next Chapter is about to begin. Be part of it. Join us and thousands of real estate leaders Jan. 22-24, 2025.

In a new legal action against the embattled Alexander brothers, white-label firm Side has filed a temporary restraining order against Tal and Oren Alexander, accusing them of moving the underlying collateral on a loan that the firm extended to Official Partners two years ago.

The temporary restraining order asks that Tal and Oren Alexander, as well as Official Partners New York, be prevented from “selling, transferring, dissipating, or otherwise disposing of any of Defendants’ real property or any of the collateral” on the loan extended by Side, Housing Wire reported.

Side is alleging that the restraining order is warranted because “the Alexanders have moved the collateral in violation of the note and security agreement and refused to identify where the collateral is located, raising legitimate concerns that defendants are in the process of dissipating the assets constituting” the loan, the legal action states.

The extent of the loan is unclear since details have been redacted from Side’s legal filing. The Alexanders and Official Partners have been summoned to court, but have not filed anything in the case yet.

Representatives for Tal and Oren Alexander did not immediately respond to a request for comment. Side declined to comment.

The action is a continuation of a legal battle Side waged against the Alexanders in October, suing them for breach of contract and alleging that the brothers failed to pay back a promissory note and uphold a security agreement with Side that dates back to August 2022.

The complaint states that Official Partners agreed to pay Side the principal sum of a redacted amount, plus interest, as outlined in terms that were agreed upon in the note. The complaint also says that the Alexanders also signed the note as guarantors.

When Inman reported on the lawsuit in October, the Alexanders’ lawyer, James Cinque, said that Official had “never missed a payment” and that the suit was a “greedy attempt by Side to take over the business of Official Partners.”

The legal actions come during a tumultuous period for Oren and Tal Alexander, who within the last several months became the recipients of multiple lawsuits alleging that they had sexually assaulted and raped women, dating back to at least 2010.

After the lawsuits were filed against them, dozens of women came forward to lawyer Evan Torgan, who is representing alleged victims Kate Whiteman and Rebecca Mandel, making similar accusations of assault. High-performing Douglas Elliman agents Tracy Tutor and Jessica Cohen also both told The New York Times that they believed they had been drugged by one or both of the brothers.

As accusations mounted, Tal and Oren distanced themselves from Official as the firm’s other cofounders — Nicole Oge, Andrew Wachtfogel and Richard Jordan — attempted to chart a new path for the brokerage. However, negotiations with the brothers fell through, and Oge, Wachtfogel and Jordan decided to forfeit their ownership in the company and officially left the firm on Aug. 15.

Tal and Oren Alexander were affiliated with Douglas Elliman for 10 years before breaking off on their own to launch Official in 2022. In recent months, as more allegations against the brothers became public, leadership at Douglas Elliman, particularly former Douglas Elliman Inc. Chairman, CEO and President Howard Lorber, came under scrutiny with new questions raised about the state of the company’s culture.

Following an internal investigation, Douglas Elliman suddenly announced Lorber’s retirement, which was later uncovered by The Wall Street Journal to have been pressured by Douglas Elliman’s board. Just days after Lorber retired, the firm’s brokerage CEO and President, Scott Durkin, was also terminated.

Get Inman’s Luxury Lens Newsletter delivered right to your inbox. A weekly deep dive into the biggest news in the world of high-end real estate delivered every Friday. Click here to subscribe.

Email Lillian Dickerson

Douglas Elliman
Show Comments Hide Comments
Sign up for Inman’s Morning Headlines
What you need to know to start your day with all the latest industry developments
By submitting your email address, you agree to receive marketing emails from Inman.
Success!
Thank you for subscribing to Morning Headlines.
Back to top
Only 3 days left to register for Inman Connect Las Vegas before prices go up! Don't miss the premier event for real estate pros.Register Now ×
Limited Time Offer: Get 1 year of Inman Select for $199SUBSCRIBE×
Log in
If you created your account with Google or Facebook
Don't have an account?
Forgot your password?
No Problem

Simply enter the email address you used to create your account and click "Reset Password". You will receive additional instructions via email.

Forgot your username? If so please contact customer support at (510) 658-9252

Password Reset Confirmation

Password Reset Instructions have been sent to

Subscribe to The Weekender
Get the week's leading headlines delivered straight to your inbox.
Top headlines from around the real estate industry. Breaking news as it happens.
15 stories covering tech, special reports, video and opinion.
Unique features from hacker profiles to portal watch and video interviews.
Unique features from hacker profiles to portal watch and video interviews.
It looks like you’re already a Select Member!
To subscribe to exclusive newsletters, visit your email preferences in the account settings.
Up-to-the-minute news and interviews in your inbox, ticket discounts for Inman events and more
1-Step CheckoutPay with a credit card
By continuing, you agree to Inman’s Terms of Use and Privacy Policy.

You will be charged . Your subscription will automatically renew for on . For more details on our payment terms and how to cancel, click here.

Interested in a group subscription?
Finish setting up your subscription
×