The Real Deal New York

Long Island neighborhood news

  • A home theater in a Hamptons house

    A home theater in a Hamptons house

    Home movie theaters have gone from being a rare luxury for houses in the Hamptons to an essential amenity. [more]

  • From left, Bruce Ratner, the Nassau Coliseum

    From left, Bruce Ratner, the Nassau Coliseum

    After winning the bid to revamp and manage the Nassau Coliseum, developer Bruce Ratner unveiled his redevelopment plans for the arena in a news conference on Thursday, according to Newsday. [more]

  • From left: Mikhail Prokhorov and Nassau Coliseum

    From left: Mikhail Prokhorov and Nassau Coliseum

    UPDATED 3:50 p.m., Aug. 15: The development team behind Brooklyn’s Barclays Center — led by Forest City Ratner and Russian billionaire Mikhail Prokhorov — has won the rights to redevelop the 63-acre Nassau Coliseum, Crain’s reported. [more]

  • From left, Bruce Ratner, James Dolan, Nassau Coliseum

    From left: Bruce Ratner, James Dolan, Nassau Coliseum

    The fight between James Dolan and Bruce Ratner for the right to rebuild and run Nassau Coliseum in Long Island is almost at an end, Crain’s reported. [more]

  • From left, HUD Secretary Sean Donovan, damage done to the Jersey Shore by Hurricane Sandy

    From left, HUD Secretary Shaun Donovan, damage done to the Jersey Shore by Hurricane Sandy

    In its competition to help rebuild areas hit hardest by Superstorm Sandy and to protect them from future storms, the U.S. Department of Housing and Urban Development has narrowed the finalists down to 10 architectural teams, Crain’s reported. [more]

  • From left: Canon's Seymour Liebman and Canon's Long Island headquarters

    From left: Canon’s Seymour Liebman and Canon’s Long Island headquarters

    Canon executives are considering setting up research and development on Long Island, sparking hopes among area leaders that the New York City suburbs could become a technology innovation hub a la Silicon Valley, the Wall Street Journal reported. [more]

  • The grandeur of ‘Gatsby’

    August 04, 2013 10:00AM
    Beacon Towers (left), the inspiration for Jay Gatsby’s palatial digs (right)

    From left: Beacon Towers, Gatsby’s home in Baz Luhrmann’s film

    From Luxury Listings NYC: Driving through the iron gates of Sands Point, you can imagine Jay Gatsby—in an ever-so-pale pink suit—strolling the grounds of this Long Island enclave, pining for Daisy Buchanan, swathed in milky pearls amidst a gaggle of gin-soaked jazz fiends. [more]

  • Buying a memorable staycation

    July 28, 2013 12:00PM
    South Down Lakes Region, N.H.

    South Down Lakes Region, N.H.

    From Luxury Listings NYC: If you ask Dan Dicarlo where to find value, the 42-year-old retired Wall Street trader will tell you the Sandy-ravaged Jersey Shore. That’s where he found his second home. [more]

  • Christy Romero

    Christy Romero

    A report released by the Treasury Department’s Troubled Asset Relief Program reveals that its mortgage modification program appears to have been helping servicers more than homeowners, the New York Times reported.

    The report, by Christy Romero, the special inspector for TARP, reveals that although more than a third of homeowners who received loan modifications under TARP’s mortgage modification program have since stopped paying, banks and other mortgage servicers kept the money they received for modifying those loans. [more]

  • Guy Geier

    Guy Geier

    The largest construction and architecture firms are seeing healthy growth in their employment figures, suggesting a rebound in building activity, Crain’s reported.

    Full-time employment at the top construction companies was up 1.6 percent in 2012, while the number of architects at the largest firms was up 8 percent from a year earlier. Though the job gains at many architecture firms were less than those seen in the first years of the millennium, there are those who insist that ultimately, that is a good thing. [more]

  • Inset: rendering of a Baccarat Residence kitchen, with high cabinets that cater to European preferences

    Inset: rendering of a Baccarat Residences kitchen, with high cabinets that cater to European preferences

    While New York remains a popular spot for international home buyers, two new reports suggest foreign interest in American properties may be waning, the Wall Street Journal reported. [more]

  • From left: Exterior and interior images of the Sagg Pond estate

    From left: Exterior and interior images of the Sagg Pond estate

    Last summer’s priciest East End listing is now on the market for a mere $59 million, Curbed reported. [more]

  • From left:

    From left: Related’s Jeff Blau, 95 Down East Lane and 20 Drew Lane

    From the June issue: As summer ramps up in the Hamptons, the results of the winter buying season are coming into focus. Much like New York City, the vacation-home enclave on Long Island’s East End has mostly seen a slow and steady recovery since the worst of the recession. But unlike the Manhattan market, where the prices of trophy properties are being pushed sky-high by international buyers, prices in the Hamptons luxury market are still below boom-time levels. [more]

  • A beach in Southampton, Michael Meldman

    A beach in Southampton, Michael Meldman

    Arizona-based developer Michael Meldman is partnering with New York developers Bryan and David Becker to build on a 450-acre swath in Southampton — the last undeveloped lot for residential or mixed-use in the Quogue vicinity, the New York Post reported. [more]

  • From left: An aerial shot of Hamptons estates and Danielle Becker-Wilson

    From left: An aerial shot of Hamptons estates and Danielle Becker-Wilson

    Danielle Becker-Wilson, an agent at Halstead Property, is making a buck this summer by renting out her million-dollar East Hampton home while she and her family live in a 400-square-foot trailer, the New York Post reported. She’s not alone: other East Hampton and Montauk residents are using the same strategy to nab rent money for a variety of reasons. [more]

  • From left: Diane Saatchi and Judi Desiderio

    From the April issue: Long Island’s East End was hit hard by the real estate downturn, but not by Hurricane Sandy, which largely bypassed the area. Thanks to that stroke of good luck — coupled with the improving economy — the popular vacation spots in the Hamptons and North Fork are now seeing a definite rebound from the post-financial crisis slump. [more]

  • Diane Ramirez and Nancy Hardy

    UPDATED, 11 a.m., Feb. 5: Halstead Property will debut a new office in Southampton Village, The Real Deal has learned. Slated to open for business at 31 Main Street this spring, the new location brings Halstead’s tri-state office count to 24 and its agent total to 1,000. The brokerage is aiming to open the storefront space by the end of March, a Halstead spokesperson said.

    More than 20 agents — all new hires — will set up shop at the new branch, which is currently undergoing renovations. The office is set to be headed by Nancy Hardy, director of sales at the Southampton office. [more]

  • Montauk Airport

    The privately owned Montauk Airport has been on the market for nearly two months with an asking price of $18 million. Most residents, local plane enthusiasts and even the Prudential Douglas Elliman brokers listing the property want its current use to be maintained, according to the New York Times. But the airport’s zoning allows for residential development, and without that component it is difficult to imagine the property fetching anything close to its asking price. [more]

  • Where do Hamptons buyers come from?

    September 13, 2012 02:30PM
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    Source: PropertyShark; click to enlarge

    The Hamptons may be increasingly popular with year-round inhabitants, but it’s still a very popular destination for buyers of second homes. And where do these buyers come from? Property Shark recently took a look, finding that 35 percent of all Hamptons vacation homes are owned by Manhattanites (see full infographic after the jump)…. [more]

  • alternate<br />

    Highlights from The Real Deal‘s second annual golf outing can be seen in the video after the jump. Held last month at the Hamptons Hills Country Club in Westhampton Beach, N.Y. the event brought out more than 90 industry professionals…. [more]