The Real Deal New York

US attorney investigates nursing home sale, MTA weighs new subway station … and more

May 12, 2016 04:30PM
By Marynia Kruk

U.S. Attorney Preet Bharara

U.S. Attorney Preet Bharara

From the May issue: U.S. Attorney Preet Bharara is examining the de Blasio administration’s decision to lift a deed restriction on a former nursing home on the Lower East Side, an action that paved the way for its sale to a consortium of luxury condo developers, the Wall Street Journal reported. The federal probe comes on the heels of three ongoing investigations, including one by the New York attorney general’s office. Last November, a city agency was paid $16.2 million by building owner Allure Group to remove a restrictive deed on 45 Rivington Street, a move that allowed Allure, a nursing home operator, to use it for purposes other than nonprofit residential health care. [more]

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