Allure closes on Harlem nursing home purchase following settlement with AG

Sale was halted in 2016 amid investigation into Rivington House scandal

TRD New York /
Jul.July 05, 2018 02:10 PM

The Greater Harlem Nursing Home & Rehabilitation Center and Allure Group’s Joel Landau

The Allure Group closed on its $25 million purchase of the Greater Harlem Nursing Home following a settlement with the state Attorney General’s office earlier this year.

Allure, led by Joel Landau, sealed the deal for the Greater Harlem Nursing Home & Rehabilitation Center at 30 West 138th Street on June 27, property records filed with the city Thursday show.

The company had signed the contract back in March 2014, but as Allure became embroiled in controversy over its Rivington House deal, Attorney General Eric Schneiderman’s office put the brakes on two deals the company was working on.

Property records do not indicate that Allure has closed on the other property, the Saints Joachim and Anne Nursing and Rehabilitation Center in Coney Island at 2720 Surf Avenue.

Schneiderman’s office in January announced it reached a settlement with Allure over the investigation, requiring the company to revitalize the Harlem nursing home and open new healthcare facilities in Brooklyn and on the Lower East Side.

Allure was required to pay $750,000 in penalties and $1.25 million to Lower East Side nonprofits.

In 2015, Allure paid the city $16 million to lift deed restrictions from the Rivington House so it could sell the property to investors led by Slate Property Group. The AG’s office investigated, and found that Allure “did not operate in compliance with the New York Not-For-Profit Corporation Law.”

Schneiderman, meanwhile resigned from office in May amid allegations that he had physically and emotionally abused romantic partners.


Related Articles

arrow_forward_ios
Sam Chang and TownePlace Suites by Marriott at 324 West 44th Street (Google Maps)

Hotelier Sam Chang’s businesses snagged millions in PPP loans

Hotelier Sam Chang’s businesses snagged millions in PPP loans
Vornado CEO Steven Roth with 1535 Broadway and 220 Central Park South (Getty, VNO, Google Maps)

Vornado sees $100M retail JV loss, $190M in 220 CPS gains

Vornado sees $100M retail JV loss, $190M in 220 CPS gains
Gov. Andrew Cuomo (Getty, iStock)

Commercial eviction and foreclosure ban extended until January

Commercial eviction and foreclosure ban extended until January
The Manhattan office market’s overall vacancy rate rose to a 24-year high of 13.3% in the third quarter (iStock)

Cushman & Wakefield paints bleak picture for Manhattan office market

Cushman & Wakefield paints bleak picture for Manhattan office market
Travis Kalanick (Getty; iStock)

Travis Kalanick cooks up a real estate empire

Travis Kalanick cooks up a real estate empire
Nightingale's Elie Schwartz and Madison's Brian Shatz (Whale Square)

Nightingale buys Whale Square in Sunset Park for $84M

Nightingale buys Whale Square in Sunset Park for $84M
Investors worry that New York City’s battered commercial real estate sector is indicative of larger issues nationwide with hotels, restaurants and retail. (iStock)

New York’s CRE woes could spread nationwide: investors

New York’s CRE woes could spread nationwide: investors
Subversive CEO Richard Acosta (Photos via ICSC; iStock)

Riding high: Inception, Subversive to launch publicly traded cannabis REIT

Riding high: Inception, Subversive to launch publicly traded cannabis REIT
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...