Ruth Madoff, the wife of convicted Ponzi schemer Bernard Madoff, is living in a Boca Raton condominium assessed at $250,000 with her sister, Joan Roman. The condo, which is located in the Broken Sound community, is owned by Joan’s husband Robert Roman. Madoff, who dyed her hair ginger from blonde, has registered a Honda Civic to that address, as seen in the video above. [CBS New York via Sun Sentinel]

Top row, from left: Al Kahn, the Time Warner Center living room and Bernie Madoff, whose former penthouse Kahn purchased last year. Bottom row, from left: the unit’s kitchen, the building exterior and another interior shot of the unit

Cabbage Patch Kids and Pokémon creator Al Kahn and his wife, Patsy, who purchased Bernie Madoff’s 133 East 64th Street penthouse last year for $8 million, have closed on the sale of their Time Warner Center condominium for around $20.5 million, according to the Post. The 62nd-floor unit had been on the market since January 2010, when it was listed for $33.6 million, and had since undergone a series of price cuts, most recently to $24.95 million. The 4,375-square-foot spread, which was listed by Brown Harris Stevens dynamic duo Elizabeth Sample and Brenda Powers, went into contract in February, as The Real Deal reported at the time. Comments

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Peter Madoff and the Old Westbury mansion

Peter Madoff, brother of Bernie, is trying to unload his Long Island mansion as he faces a lawsuit by the trustee overseeing the recovery of funds for victims of his brother’s Ponzi scheme. According to Newsday, the Old Westbury home that Peter owns with his wife has hit the market for $6.5 million. The five-bedroom, five-and-two-half-bathroom property, which is listed with Daniel Gale of Sotheby’s International Realty, sits on more than four acres next to a private golf club and has a pool, tennis court and elevator. The Madoffs purchased it for around $2.5 million in 1990. [more]

Top row, from left: Alfred Kahn, the living room at unit 62CE at 25 Columbus Circle and Bernie Madoff. Bottom row, from left: the kitchen at unit 62CE, the exterior of the building and another interior shot of the unit

Toy mogul Alfred Kahn has found a purchaser for the Time Warner Center apartment he occupied before buying Bernard Madoff’s Upper East Side penthouse last year. Kahn — the “marketing genius” behind Pokemon and Cabbage Patch Kids — and his wife Patsy have had some trouble selling the pad, which they listed for $33.6 million last year after agreeing to pay $8 million for Madoff’s 133 East 64th Street co-op, where the disgraced Ponzi schemer spent his last days as a free man. [more]

The Donald is pitching the embattled Wilpon family on a bailout for their New York Mets, he told the New York Times today. Trump, who has a habit of making public plays to take over struggling New York City institutions (see: Tavern on the Green, Lasker and Wollman rinks), told the paper that he called friend and fellow developer Fred Wilpon a couple of weeks ago to set up a meeting to discuss the possibility of buying the team. Wilpon, who is the team’s principal owner, said last month that he was seeking a buyer for up to a quarter of the club after being sued by the trustee in the Bernard Madoff bankruptcy case for as much as $1 billion. The Wilpon-Trump meeting hasn’t happened yet, but Trump said he won’t settle for anything less than majority ownership. [more]

Lipstick Building and Bernard Madoff

The new owners of the Lipstick Building, the 636,000-square-foot Third Avenue office tower where Bernie Madoff carried out his massive fraud, are making a push to rent out the building’s empty space with the help of $15 million in new capital and a lobby redesign, according to the Wall Street Journal. The owners, who are also now looking for other New York investment opportunities, are Daniel Elsztain, part of the family that is Argentina’s largest landlord, and Paul and Maurice Marciano, the founders of retailer Guess. [more]

Bernard Madoff and his former penthouse apartment at 133 East 64th Street

Last April, after toy tycoon Al Kahn purchased the former penthouse home of Ponzi schemer Bernard Madoff for $8 million at 133 East 64th Street, his wife, Patsy, told the New York Post that he “was worried about the [apartment's] karma” — turns out, he may have had reason to be concerned. The duplex home between Lexington and Park avenues is still vacant, sources say, and a mysterious blaze may be to blame, according to the Post. Compounding the Kahns’ problems are purported marital problems and a disappointing collection of offers on their former home, a 62nd-floor unit at the Time Warner Center in Columbus Circle. [more]

In the wake of Ponzi scion Mark Madoff’s suicide, the future of his latest pet project, a Web-based real estate publication known as the Sonar Report is murky. But while the publication, sent out daily by Madoff’s company, Strategic Research Advisors, may not go on, a new daily real estate report says it is picking up where it left off. Real Estate Research Associates, which appears to be based in San Diego, Calif., has launched the RERA Report, a similar publication that canvases daily real estate news reports for interested readers. In an e-mail sent today, the RERA Report paints itself as a replacement for Sonar Report readers. TRD [more]

A screengrab of the website and Mark Madoff

While the grizzly details of Ponzi scion Mark Madoff’s suicide have been uncovered in recent days, that same level of attention hasn’t been paid to the months leading up to his death — until now. Bernard Madoff’s son struggled to shed the stigma of his infamous surname since his father was arrested in 2008, and had stepped into the publishing world, launching Strategic Research Advisors, according to the New York Times. When Mark Madoff took his life, the business had just begun to get off the ground, sending out an industry newsletter that culled top real estate news stories from various outlets, including The Real Deal. (Click here to see a copy of the newsletter) [more]

The owner of 885 Third Avenue, the 34-story office building where Bernard Madoff executed a $65 billion Ponzi scheme, filed bankruptcy today, according to Bloomberg News. Metropolitan 885 Third Avenue Leasehold LLC, the owner of the famed tower known as the “Lipstick Building,” listed as much as $500 million in debts and assets today while filing for Chapter 11 bankruptcy in a Manhattan court. Foreclosure on the building has loomed for months, experts say, after the owner defaulted on a $210 million loan earlier this year. [more]