From the Real Deal:
The non-profit Brooklyn Navy Yard Development removed PA Associates as a designated developer on its high-profile Admiral's Row project a day after one of the firm's founders was charged in a $1 million federal bribery investigation. The quasi-governmental entity today “terminated the designation of PA Admirals Row LLC as the developer of the Admiral's Row site," the corporation said in a statement to The Real Deal. PA Admirals Row LLC is an affiliate of Midtown-based PA Associates, which was approved as the developer to partner with grocery chain ShopRite on the $60 million project to build a grocery store. Yesterday federal prosecutors charged Aaron Malinsky, a principal and founder of PA Associates, of funneling $472,500 in bribes to State Senator Carl Kruger.