Richard Ohebshalom is the Founder and Chief Executive Officer of Pink Stone Capital Group. In this capacity, Richard sources new acquisitions, guides ongoing development, and shapes the company’s creative and strategic initiatives. Richard is Chairman of Pink Stone’s Executive and Investment Committees.
In his 20+ years in the real estate industry, Richard has built a reputation for sourcing compelling off-market opportunities and effectuating best-in-class business plans generating outsized returns. Examples include the acquisition and subsequent development of the luxury rental building at 180 Nassau Street, the assemblage of fee interest/development rights at 105 and 111 Washington Street, which is slated to yield 600 Apartment units spread over 60-plus stories in the financial district, and the development of the Greywood, an 85,000 square foot luxury rental building located at 3 West 36th Street.
Richard has also obtained key victories with numerous government agencies, including the NYC Landmarks Preservation Commission, paving the way for the conversion of a two-story building located at 250 Fifth Avenue into a 23-story luxury hotel. Richard has created a top-tier team at Pink Stone, which has helped in managing more than 30 assets in excess of $2 billion and propelling his office forward with an eye towards the next big opportunities.
Prior to creating Pink Stone, Richard developed a deep understanding of NYC real estate fundamentals working for numerous prominent real estate developers, and his family’s real estate company, Empire Management, where he was responsible for vertically integrating the entire organization, as well as leading all facets of the group’s property management, asset management, and leasing efforts.
Richard received a master’s degree in Construction Administration, Architecture, Planning, and Preservation from Columbia University and a BBA from George Washington University. Richard lives in SoHo with his wife May and two children, Eve and Raphael.