Manhattan

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NYC Prep Paints Sad Picture of City's Excess

Parents, schools angry at 'manipulative' show

(Newser) - Post-crash New York City has become a symbol of spiritual emptiness, writes Vanessa Grigoriadis for New York magazine. NYC Prep is the latest reality show to exploit this symbolism, allowing the rest of America to watch Manhattan’s lost souls—this time, teenagers—pursue decadence and social standing. In the...

Marshals Seize Ruth Madoff's Penthouse

She 'left voluntarily': lawyer

(Newser) - US Marshals seized Ruth Madoff’s $7 million Manhattan penthouse today after she made a deal to give it up last week, the New York Post reports. Madoff “left voluntarily and in an orderly manner to which all sides agreed,” said her lawyer. “We’re not here...

How Will Ruth Madoff Survive on Just $2.5M?

With $125K to spend yearly, time to trade in the pair of Mercedes

(Newser) - With just $2.5 million at her disposal as her husband heads to jail, Ruth Madoff won't exactly be sentenced to penury, but she'll have to cut her annual expenses to the low six figures if she wants it to last her lifetime, reports Brett Arends of the Wall Street ...

Where's the Money, Bernie?
Where's the
Money, Bernie?
Jun 29, 2009 4:21 AM CDT

Where's the Money, Bernie?

(Newser) - Investigators have only recovered $1.2 billion of the $13.2 billion bilked from investors by Bernard Madoff since 1995, reports the Wall Street Journal. Eligible victims may be compensated up to $500,000 by the Securities Investor Protection Corp., but the rest will have to come from whatever investigators...

Calvin Klein Yanks 'Orgy Ad' After Gripes

(Newser) - Calvin Klein has ditched a controversial Manhattan "foursome" billboard after angry New Yorkers complained that the ad was too much even for them, reports the New York Daily News. The ad, showing a teenage girl wearing only her Calvins making out with two stud muffins on a couch, as...

Manhattan Teeters on Brink of Housing Crash

(Newser) - As foreclosure sales begin to lure buyers back to the housing market in some parts of the country, realtors in New York are finding the market crisis has come home to roost, Reuters reports. Things are bad and could soon be much worse. Condo sales in Manhattan have plummeted 71%...

Lavish Bar Prison Bar Mitzvah Leaves Mayor Fuming

Dozens of guests allowed into jail for catered party; city sprang for overtime

(Newser) - Embarrassed New York City officials are investigating how a well-connected inmate was allowed to hold a bar mitzvah for his son inside a prison gym, the New York Post reports. Caterers, entertainers, and 60 guests were allowed into the jail to celebrate the milestone for the son of convicted scam...

Manhattan Jittery After Starbucks Bombing

(Newser) - Police and FBI agents hunted for clues after a homemade bomb blew out windows in a Manhattan Starbucks and jolted awake residents on the Upper East Side before dawn yesterday, reports the New York Times. No one was injured in the blast caused by a makeshift bomb tucked under a...

Cops Probe Rape Complaint at NY Jet's Home

(Newser) - New Jersey police are investigating a complaint by a Canadian tourist who reported being raped at the home of New York Jet star defensive back Kerry Rhodes after she met him and a friend at a Manhattan night club, reports the New York Post. "I am not the subject...

Thug Swipes Bacon Phone Packed With Celeb Contacts

(Newser) - A brazen Manhattan subway thug swiped actor Kevin Bacon's Blackberry, likely packed with phone numbers of his A-list celebrity pals, reports the New York Post. Bacon gave chase, but the thief maneuvered through the crowd at a midtown subway station to freedom. Bacon and his wife, Kyra Sedgwick, are no...

Dem Donor Hsu Pleads Guilty to $20M Fraud

Ponzi scheme garnered illegal political donations: feds

(Newser) - Democratic fundraiser Norman Hsu pleaded guilty today to 10 counts of wire and mail fraud related to an alleged $20 million Ponzi scheme. Prosecutors say Hsu, now 58, bullied victims into contributing to political causes and made illegal donations to politicians like Hillary Clinton, who eventually returned $850,000. His...

White House Won't Share Flyover Photos

(Newser) - The White House won’t release pictures from Air Force One’s much-criticized Manhattan flyover, reports the New York Post. “The photos are classified—that’s ridiculous,” said one city council member. But a White House aide says the fruits of the $328,835 photo-op aren’t classified,...

Dazed Astor Didn't Recognize Jesse Jackson: Witness

Her son also convinced her she was going broke

(Newser) - A decade before her death, Brooke Astor was so out of it that she couldn’t recognize Jesse Jackson, a prosecution witness testified today in the fraud trial against Astor’s son, the New York Daily News reports. Anthony Marshall’s defense rides on his mother’s mental state, with...

Son 'Manhandled Astor to Change Will': Prosecutor

Anthony Marshall exploited mom's dementia to funnel fortune to him, says prosecutor.

(Newser) - Brooke Astor's son "dragged" his frail mom from her nurse's arms to a closed-door meeting about her will, which was immediately changed in his favor, according to the prosecutor at the heir's  fraud and grand larceny trial yesterday in New York. Anthony Marshall exploited his vulnerable mother's dementia to...

NY Attorney Beat, Suffocated Family Over Hours

Gig was about to be up on Parente investor scam, investigators believe

(Newser) - A New York attorney beat and suffocated his wife and two daughters in a horrific attack that took hours, police told the New York Daily News. He then fatally slashed himself in a Baltimore hotel room where the four bodies were found. Investigators believe William Parente, 59, was ripping off...

Madonna Drops $40M on NYC Townhouse
Madonna Drops $40M on NYC Townhouse
Apr 14, 2009 1:31 PM CDT

Madonna Drops $40M on NYC Townhouse

Material Mom might be putting off promised move to Malawi

(Newser) - Madonna may be sending her moving van(s) to the Upper East Side of Manhattan rather than Malawi, reports the New York Post. The singer is plunking down $40 million for a Georgian-style townhouse. That’s $5 million less than the asking price, but hardly a bargain; no residence in the...

Tiny Hotels Offer NYC at Micro-Prices

Inns provide Manhattan rooms for $75-$89

(Newser) - New York is expensive, even to visit. A hotel in Manhattan can cost $300 a night, and even deep into the other boroughs, you’re not likely to pay less than $129. But a few hotels have moved to provide affordable nightly accommodation—by cutting down on room size, NPR...

Empire State Building Going Green

Makeover project hailed as a landmark for energy efficiency

(Newser) - The Empire State Building is getting a makeover to reduce its King Kong-sized carbon footprint, NY1 reports. As part of a larger renovation, "green" improvements will be made to the 78-year-old building—including an update for all 6500 of the structure’s windows—to reduce its energy consumption by...

Manhattan Apartment Prices Tumble
Manhattan Apartment Prices Tumble
Apr 2, 2009 6:27 AM CDT

Manhattan Apartment Prices Tumble

Financial crisis sends values down double digits in first quarter

(Newser) - Wall Street's problems have chucked a bucket of cold water over Manhattan's once overheated property market, Reuters reports. The median price of a Manhattan apartment dived 11% to $749,000 in the first quarter, according to a report released today by the Corcoran Group, New York's largest brokerage. Analysts expect...

Monaco Overtakes London On Priciest Homes List

(Newser) - London has tumbled off its perch atop the list of priciest places to buy residential property, the Financial Times reports, allowing Monaco to swoop in and take the crown. Monaco’s top properties now fetch $68,000 per square meter, compared to $38,000 for London and $22,500 for...

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