Side is asking for $4.2 million from the Alexander brothers, official partners
White label real estate agency Side demands more than $4 million from the Alexander brothers and the brokerage Official partners.
According to an amended complaint filed this week, Side alleges that Official Partners and its founders Tal and Oren Alexander committed multiple defaults on a $4.6 million promissory note that Side extended in April.
Side claims the current balance owed is $4.2 million, and the note is still accruing interest. The balance request includes additional damages for legal fees and a jury trial.
The dollar amounts associated with the loan cited in the lawsuit, which was filed in October, had previously been redacted. The banknote replaced a previous loan that Side had provided in 2022. It is unclear why the money was provided or what it was intended for.
“We are beyond disappointed by Side’s destructive behavior toward his partner,” James Cinque, counsel for Official Partners, said in a statement to HousingWire. Side declined to comment, citing the case as active litigation.
Tal and Oren Alexander were superstars among brokers in New York City and Miami after representing ultra-wealthy clients at Douglas Eliman before leaving in 2022 to found Official.
But in March, two women filed sexual abuse lawsuits against Oren Alexander and twin brother Alon, and another did so in July. Tal was named in a later suit. According to Side’s complaint, more than 30 women have accused the brothers of sexual assault or rape.
They have denied the allegations.
In the wake of the allegations, Tal and Oren Alexander have taken a leave of absence from Official, and Oren’s real estate licenses in New York and Florida are no longer active. Alon Alexander works for the family security company Kent Security.
In addition to defaulting on loan payments, Side alleges multiple instances of default, including distancing themselves from their real estate licenses. Earlier this month, Side filed a temporary restraining order against the Alexanders and Official for allegedly moving the underlying collateral on the loan.
The latest filing does not provide details of the collateral, saying only that it includes cash, investment properties, intellectual property, equipment and documents.
