Broadway Partners may be in trouble 

Broadway Partners bought $13 billion worth of office towers nationwide in just five years, and has more than $1 billion in short-term debt coming due in early 2009. Broadway hired Citigroup to restructure its finances, and is also selling some of its properties. The firm had the Daily News building at 450 West 33rd Street on the market early this year but it didn’t sell, and it is trying to recapitalize a portion of 340 Madison Avenue.