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Newsday (Suffolk Edition) from Melville, New York • 14

Location:
Melville, New York
Issue Date:
Page:
14
Extracted Article Text (OCR)

$108M for Former Marcos Building EstrofF a partner at the Manhattan law firm of Gaston Snow and the Special Master appointed to the case tried his best to up the ante praising the Bernstein called the property crown of Wall Street" and he repurchased it it was the only way to get the building back where it He said the building is 90 percent occupied with the largest tenants being Manufacturers Hanover and Morgan Guaranty Philippine government expects to get the entire equity if their appeal is successful" said Jeffrey Greenbaum an attorney from Sills Beck Cum mis Raidin and Tischman and representing the Philippines The building which for a few weeks in 1929 was -the tallest is one of four former Marcos buildings in New York in dispute The Crown Building on Fifth Avenue and the Herald Center shopping mall are to be auctioned in mid-September No auction has been set for the third 200 Madison Avenue the defaulter Of the 1086-million price Citibank will get $61 million Another $10 million goesrto the first mortage The remaining $38 million will be put into escrow until it is determined who gets the money The contenders are the Philippine government the Bernsteins the U8 government and Khashoggi The government Iim a lawsuit against Marcos Khashoggi was an original partner with Marcos when the property was Bold The bidding conducted in the Federal Courthouse in Foley Square included the real estate firms of Jack Rpniek Sons the Mendick Group and the Morris Bailey Group which is composed of Morris Bailey owner of the Halloran House hotel Stanley Chera one of the owners of 598 Madison Rqynes owner of more than 140 Manhattan properties and Goldman Sacha To get into the bidding each group had to present a check for $15 million The bidding opened at $100 million and crept up sometimes by increments as small as $100 Stephen By Christy Marshall The lease on a historic Wall Street skyscraper once held by deposed Philippine President Ferdinand Marcos was sold at auction yesterday for $1086 million believed to be the highest price ever paid for a New York property in foreclosure The winning bidder for the lease which runs through 2059 was a group led by brothers Joseph and Ralph Bernstein who outbid three other groups The Bernsteins know the 66-story building at 40 Wall St very well They say they first bought the lease for $71 million in 1982 as a representative of the Marcoses and then again for themselves for $90 million in 1985 But both those earlier purchases are the center of a massive legal dispute that includes the Philippine government convicted arms dealer Adnan Khashoggi and others sale was the result of a foreclosure proceeding brought by Citibank holder of the second mortgage against the Bernstein brothers and Nyland Ltd which are the leaseholders of record and Methadone Clinic Probe Federal-state force will study problems Gene Haislip a DEA deputy administrator overseeing methadone programs said the joint federal-state task force was created in response to a Newsday series two months ago on the failures bf the methadone clinics and by preliminary findings by the General Accounting Office released last week that underline the oversight problems within New programs of the things in the Newsday series convinced us to do said Haislip was the impetus in this He said that the own random survey last August found a broad black market for methadone outside several New York City clinics Agents bought 100 bottles of illegally diverted methadone at prices up to $35 each Near several clinics as many as 20 to 25 people were selling appeared to be unlimited of methadone the DEA said Haislip said the task force will review methadone dispensing practices the quality of counseling and oversight of patients and whether urine tests of patients for illegal drug use are being performed property The task force will also review the finances much of which come from federal Medicaid and state funds he said He said the clinics selected for inspection would reflect diversity" of the 36 public and private methadone programs with 90 separate clinics Susan Cruz an an FDA spokeswoman said 'some FDA inspectors started working on the joint task force a week ago By Thomas Maier A new task force of top federal drug authorities and the state Health Department will conduct to inspections of at least five of the 90 methadone clinics in the next few weeks officials said yesterday Officials of the US Food and Drug Administration the federal Drug Enforcement Administration and file New York State Health Department will review the handling of patients and their government-subsidized finances and examine how to stop a black market in methadone sold outside their doors looking to see if the methadone programs are working as effectively as possible and how they can be said John Eadie director of the division of public health protection an arm of the state Health Department Officials would not provide the names of the clinics to be reviewed Authorities are particularly concerned that doses of methadone are being sold by patients so they can buy other illegal drugs like crack or cocaine which patients often take intravenously heightening their chance of contracting AIDS Methadone is a synthetic narcotic used to treat patients for their heroin addiction However an estimated 60 percent of New 31000 methadone patients test positive for cocaine use a sharp increase from the early 1980s experts say More than half of the methadone patients who use cocaine inject it into their veins with potentially AIDS-infected needles Mother Pleads For Missing Return By Karen Davy and Molly Gordy New York Frightened mothers at a Harlem housing project kept their children indoors yesterday as an anguished mother pleaded for the return of her 19-month-old son the second toddler to disappear in three months pleading with anybody who knows anything about what Rose Lee Glover 36 said sobbing on the couch of her living room in the Martin Luther King Towers please! Return my Police said 19-month-old Shane Walker disappeared at 5:25 Thursday night from the King Towers playground at 114th Street and Lenox Avenue the same place Shan0 Walker from where 2-year-old Christopher Dansby disappeared May 18 The boys resembled each other and lived two floors apart in the same building At the time they disappeared both were accompanied by their mothers who told police their sons Beemed to vanish as they momentarily turned away grew up in these projects Nothing like this ever happened here said Alison Dansby 25 mother a horrible situation I believe some kind of organization that kidnaps them and sells them" Police said both disappearances are being treated as abductions but they have no immediate evidence of a kidnaping ring descriptions of the possible perpetrators do not Chief of Detectives Robert Colangelo told reporters at a news conference do not fed at this time that the same person abducted both Colangelo said police were looking for a- lightskinned black man who was seen in the neighborhood around the time of disappearance wearing a yellow shirt and stone-washed jeans The unidentified man sought in disappearance was dark-skinned and had a long pink scar on one cheek he said Of 12 families in the building contacted by News-day yesterday all said they were keeping their children at home for safekeeping scared to death" said Alice Graham a mother of three who lives next door to Dansby not letting my kids out of my sight I hear a black market that sells them down Shot City Cop Opens Eyes NEWS DAY SATURDAY AUGUST 12 1969 writing on a piece of paper or through facial expressions Meanwhile four men taken in for questioning after the shooting were arrested in the case Three were charged with attempting to rob and murder Ortiz police said The fourth was charged with narcotics sales Ortiz was shot Thursday afternoon while trying to purchase half a kilogram of cocaine at an apartment at 1975 Bathgate Ave in the Tremont section of the Bronx Police said Ortiz had made three previous drug buys at the apartment building They said Ortiz a four-year veteran of the force entered a second-floor apartment alone with backup narcotics officers nearby think they made him as a police officer but wanted to rip him said Robert Colangelo the chief of detectives Arrested were Curtis Frederick 25 of 2055 Harrison Ave the Bronx his brother Dwayne Frederick 21 of 1706 Selwin Ave the Bronx Alson Schmidt 21 of 132 128th St Manhattan and William Jones 26 of 838 Beck St the Bronx The Fredericks alnd Schmidt were charged with second-degree attempted murder and first-degree robbery police said Jones and Curtis Frederick were charged with narcotics sales By Mitch Gelman and Mark Lowery New York Twenty hours after receiving last rites a Bronx undercover narcotics officer shot by ding dealers opened his eyes yesterday and recognized his parents and some colleagues who were at his hospital bed friends said Doctors at St Barnabas Hospital meanwhile were cautiously optimistic about the recovery of Police Officer Jerry Ortiz 24 who police said was shot in the back several times Thursday while attempting to make an undercover drug buy in a Bronx apartment the next 24 to 48 hours that will determine Ids long-term Dr Kenneth Schwartz the Bronx director of surgery said late yesterday afternoon condition was upgraded from extremely critical to critical Doctors said chances of recovery are although he suffered massive internal injuries including severe organ damage But Dr Joseph Edwards a surgeon at St Barnabas said: put it quite bluntly critically ill He could have a lot of Dr Bob Menkel director of the intensive-care unit said that while memory was hazy he sad ablete respond 4e questions by.

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Pages Available:
3,913,018
Years Available:
1945-2008