Atlantic Yards developer Bruce Ratner appears to be busy out east. After selling his Montauk home for $10 million in 2009, the Forest City Ratner Companies head has purchased a $5 million Hampton Bays pad on Dune Road, according to Curbed. While Ratner may have picked up a less pricey pad, his new East End abode has plenty of high-end touches, including an oceanfront pool, a view of the Shinnecock Bay and a separate three-car garage. The 4,200-square-foot home contains six bedrooms and was reportedly marketed by the Corcoran Group. [Curbed]

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Atlantic Yards developer Bruce Ratner appears to be busy out east. After selling his Montauk home for $10 million in 2009, the Forest City Ratner Companies head has purchased a $5 million Hampton Bays pad on Dune Road, according to Curbed. While Ratner may have picked up a less pricey pad, his new East End abode has plenty of high-end touches, including an oceanfront pool, a view of the Shinnecock Bay and a separate three-car garage. The 4,200-square-foot home contains six bedrooms and was reportedly marketed by the Corcoran Group. [Curbed]

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Thirty-six bidders virtually raised their hands this weekend at an online auction for two Hamptons properties, with very different results. One property saw a “spirited” bidding war, with a final sale price more than $100,000 over the opening bid, said Prudential Douglas Elliman’s Enzo Morabito, who ran the auction. The other property’s bidders failed to meet the auction’s reserve price. Auctions have become increasingly popular in New York real estate over the last several months. Auction providers claim that auctions get things moving in a stalled market. But others argue that auctions merely hurt local property values. Morabito is of the former school of thought. “This kind of stuff usually starts something,” he said. “Anything that spotlights anything is better than silence. Hope is not a good marketing plan.”… [more]