This Week in Review

This article is from the archive of The New York Sun before the launch of its new website in 2022. The Sun has neither altered nor updated such articles but will seek to correct any errors, mis-categorizations or other problems introduced during transfer.

The New York Sun

1. Madonna Expands In Manhattan

After suing an Upper West Side co-op board for rejecting her bid to buy an apartment, Madonna has finally closed on a seventh-floor unit at 1 W. 64th St. The 49-year-old singer, who already owns an apartment in the building, paid $7 million for the second unit, according to the Real Deal. She bought her first apartment at the building, which faces Central Park West, after being rejected in 1985 by the co-op board of the San Remo, an exclusive co-op also overlooking the park.

2. New Head of Buildings Tapped

Following the resignation of Commissioner Patricia Lancaster on Tuesday, Robert LiMandri has been named as interim head of the Department of Buildings. Mr. LiMandri, an engineer, had been first deputy commissioner for operations and has worked at the city agency since 2002.

3. Domino Refinery Site To Include Hotel

The plans for revamping the Domino Sugar refinery in Brooklyn may include a hotel, according to the Web log Brownstoner, which cited recent filings by the developer CPC Resources with the Department of Buildings. The filing also indicates that the renovated site, which was recently landmarked, will include 306 residential units.

4. Broadway Partners: The Next Macklowe?

Just like Harry Macklowe before it, New York-based real estate firm Broadway Partners is struggling to refinance the short-term debt it used to finance a huge spending spree last year. The company acquired billions of dollars in property in 2006 and 2007, and, according to the Wall Street Journal, is warily eyeing $750 million in debt that comes due next January, and another $440 million that matures in May 2009. The company is considering selling some properties and refinancing others to raise cash.

5. PATH Station In Doubt

The multibillion-dollar PATH station planned for ground zero could end up on the chopping block when a new executive director of the Port Authority of New York and New Jersey is named in the coming days, The New York Sun reported. In the present economic climate, all or part of the $1.9 billion in federal funding that is supporting the increasingly unpopular project could be redirected to other, more urgent transportation priorities, including the $1 billion gap in public funding needed to undertake the renovation of Pennsylvania Station in Midtown.

6. Storage Closet Tops $800,000

A storage closet at the Dakota, the Upper West Side apartment building best known as the home of Yoko Ono and the spot where John Lennon was shot, has sold for $801,000, the New York Times reported. Co-op owners at the building, at 1 W. 72nd St., bid for the space, and a hedge fund manager and CEO of Angelo, Gordon & Co., John Angelo, won. According to the Times, Mr. Angelo owns several units on the second floor that he has combined.


The New York Sun

© 2025 The New York Sun Company, LLC. All rights reserved.

Use of this site constitutes acceptance of our Terms of Use and Privacy Policy. The material on this site is protected by copyright law and may not be reproduced, distributed, transmitted, cached or otherwise used.

The New York Sun

Sign in or  Create a free account

or
By continuing you agree to our Privacy Policy and Terms of Use