The Real Deal New York

Southampton buys 86 acres of land through the Community Preservation Fund

Southampton Land MAINLand ahoy! Local officials struck a deal to allocate $5 million to acquire the 86-acre East Quogue tract with the express purpose of protecting and conserving groundwater and other natural resources. The deal  was the East End’s largest land buy in more than 10 years, Curbed reported. The seller was Lar Sal Realty Corporation, who are “happy that they can be part of something that will have a positive impact on future generations,” Compass broker Christian Lipp, told the publication. [Curbed] — Cathaleen Chen