N.Y. Attorney General Probes Sale Of Manhattan Nursing Home
The nonprofit health center for AIDS patients has been sold to a luxury condominium developer.
The New York Times:
New York Attorney General Begins Inquiry Into Sale Of Nursing Home To Developer
The New York State attorney general, Eric T. Schneiderman, has opened an investigation into a series of transactions surrounding the lifting of a deed restriction on a Manhattan nursing home that enabled its purchase by a luxury condominium developer for $116 million. The attorney general’s office began sending subpoenas on Friday to the developer and several other companies involved in the transactions involving 45 Rivington Street, a former school building on the Lower East Side that had been a nonprofit health care center for AIDS patients until last year. (Goodman, 4/5)
The Wall Street Journal:
New York Attorney General Opens Probe Into Manhattan Deed Change
The New York state attorney general’s office is investigating the series of transactions that led to the sale of a Manhattan health-care facility to a residential developer, the office said Tuesday. Subpoenas from the office were sent out last week to several players involved in the deal, a spokesman for Attorney General Eric Schneiderman said. The subpoenas were from the Medicaid Fraud Control Unit, according to people familiar with the matter. (Dawsey and Davis O'Brien, 4/5)