The Real Deal Tristate

Editor’s note: Summer heat

By Brian Baxter | May 20, 2019 10:00AM

Brian Baxter

Glad to have you here again for our Tri-State issue, a quarterly supplement taking the real estate market’s temperature outside of New York City.

This time around, we’ve got the skinny on the latest wheelings and dealings in the commercial and residential space, from our rundown on the ever-changing restaurant and retail scene on the East End of Long Island to Kathryn Brenzel’s interview with iStar CEO Jay Sugarman about his bid to bring $6 million condos to Asbury Park.

With summer on the horizon, heading to beachside locales like the Jersey Shore and the Hamptons seemed like a fitting focus for our second official Tri-State edition. Both seasonal hotspots are going through their fair share of change. On the South Fork, Meenal Vamburkar took the lead on our annual ranking of the Hamptons’ top residential brokers and brokerages. While that market may be in a slump, things are a bit sunnier in cyberspace, where Ellen Paris checked in on the Tri-State’s social media influencers.

Things are a little more contentious in the Hudson Valley, where Georgia Kromrei looked at how landlord E&M Management has sold off many of its New York City properties — to escape high taxes and negative media attention — and expanded its multifamily empire by branching into Kingston and Newburgh. Mary Diduch delved into a dispute between a Westchester County developer and a prominent Greenwich architect, and Erin Hudson and C.J. Hughes both examined how real estate pros are trying to take advantage of Opportunity Zones.

Enjoy the issue, and I look forward to your feedback!