The Real Deal New York

Hamptons June 2018 Issue

Joe Farrell’s not-so-sad saga

The developer’s East End compound is back on the market for the umpteenth time, but he sees benefits in the branding

Beyoncé and Jay Z. Madonna. Russian billionaire Valery Kogan. These famous faces are among the many who have summered — or at least weekended — at Joe Farrell’s Sandcastle mansion. […]… [more]

When selling at a discount still means a $36 million price tag

The Real Deal ’s rankings of the priciest Hamptons and North Fork sales show the East End’s still got it

UPDATED June 13, 12:12 p.m. The past year was a slower one for the East End housing market, but as usual, that didn’t stop some well-heeled buyers from shelling out […]… [more]

A new golden age
of East End living?

Gurney’s Resorts expands in Montauk, connecting vacationers in the Hamptons and Newport, Rhode Island

From a troubled beachfront timeshare to a resort empire linking Montauk to Newport, Rhode Island, Gurney’s has… [more]

It ain’t easy for the East End’s top residential brokers

TRD’s annual ranking of agents shows that it’s the magic combo of new tools and old-school tactics that’s key to success in the changing marketplace

To keep their edge in the rapidly evolving East End real estate market, … [more]

To find a place out east, some head west

Second-home buyers looking for a vacation from high prices and congestion see the lure in the Hamptons outskirts

With a lack of affordable options in the old, moneyed Hamptons and traffic only getting worse, a bevy of small towns on the edges of the Long Island enclave are […]… [more]

Hamptons agents have at it

A case of computer hacking has brokers asking who really controls online listings, and how they can be protected

Against the backdrop of the serene waters of the Hamptons and its laid-back, resort-style living, a bitter legal storm that’s been long brewing between Compass — a relative newcomer to […]… [more]

Starchitect, schmarchitect?

Just because an architect finds success in the city doesn’t mean their Hamptons design will command a premium — in fact, it may be just another teardown

In the Hamptons, oceanside compounds with formal gardens, turf tennis courts and sumptuous swimming pools … [more]

Politicians walk
a fine line out east

A handful of officials hold the keys to the area’s land use decisions, making them invaluable to developers

From restrictive land use policies to fiercely protective residents, developers on the eastern end of Suffolk County face an uphill battle to not only break ground … [more]

Room to grow

An uptick in international interest is driving Hamptons hoteliers to extend the season

While the East End hospitality market will see a handful of new keys this summer, demand is still outstripping supply, with weekends booking up well in advance and a new […]… [more]

Doing business
in a beach town

Co-working spaces have been slow to take off out east, but a few companies are testing the tepid waters

Danielle Candela credits her time at Southampton co-working venture The Spur with “changing her life.” For starters, she won $25,000 to fund her start-up … [more]

The baby boom boon

Developers and brokers see the 55-plus set clamoring for condos in age-restricted communities

The baby boom has increasingly turned into a boon for builders on the East End. With the youngest of that generation set to turn 55 in 2019, developers are racing […]… [more]

The industrial divide

With warehouse space at a premium, developers are adding inventory while carving out smaller spaces for startup businesses

The East End tends to obsess over posh mansions behind privet hedges, trying to hide the more matter-of-fact buildings on dusty lots where landscape … [more]

When bigger isn’t better

New conservation measures have hit many villages, forcing smaller builds, but not everyone’s on board with eco-conscious construction

The tide may finally be turning on the “more is more” building trend that has dominated recent decades — though it depends who you talk to. On the East End, […]… [more]

Hamptons hideaways of the rich and famous

From Broadway belters to “Real Housewives,” celebrity Hamptonites are trying their luck on the East End market

Several homes with celebrity cachet — current and historical — have hit the market this summer. But a famous seller… [more]

Editor’s note:
Building dreams

It’s likely safe to say that nobody on the East End was terribly shocked when Joe Farrell’s Sandcastle recently hit the market again, this time for about $50 million — […]… [more]