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Maxine Hicks for The New York Times ... SOCIALITE Rachelle Hruska is the face behind GuestofaGuest.com, an online event diary.
In this part of the world – The Fabulous Humptons – it’s difficult to avoid celebrity news and gossip – something we have tried to resist, keeping to relevant real estate info as much as possible.
Well, here’s one stunning up-and-comer who not only makes celebrity fun, she is making the pursuit of it admirable, having started Guest of a Guest, a tasteful, positive side of life social site that makes everyone look their best in the process.
Guest of a Guest chronicles night life from the city and the Hamptons through dozens of daily posts and photographs. For followers of such coverage, the coin of the realm has traditionally been exclusivity, a sneering velvet-roped rejection. But GofG, as it calls itself, gives civilian readers the illusion that they can attend these parties, too, as virtual guests. Who would believe that the effusiveness of Nebraska Nice could sell? But in bad-news times, maybe that’s precisely why it does: the site, Ms. Hruska said, which began on April 1, 2008, broke even just this month.
see the NYTimes story here
Southampton Looks To Pay-Off CPF Debt As Revenues Continue To Plummet
Prompted by a proposal raised by Southampton Town Supervisor Linda Kabot, the Southampton Town Board is considering the creation of a reserve fund for the sole purpose of paying back debt accrued from the town’s Community Preservation Fund (CPF) program.
Click Here For More
Click Here For More The New Hamptons: Cheaper Real Estate, Younger Girlfriends, And …
The Business Insider – New York,NY,USA
Vanity Fair has nice long piece on post-financial crisis Hamptons, and he main is basically: Yes, it’s exactly how you imagine it is. …
Reclaiming lawns: stop polluting and save the environment
Publication: The East Hampton Press & The Southampton Press
Jun 2, 09 6:31 PM
By Suzanne P. Ruggles
While many forms of life can survive without oxygen, none can survive without water. And as hard as we try, with all of our intellect… continue
Goldman’s Blankfein Says Economic Recovery Will Be ‘Shallow’
By John Rega and Christine Harper
June 10 (Bloomberg) — Goldman Sachs Group Inc. Chief Executive Officer Lloyd Blankfein said the economic recovery will be “shallow.”
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www.lirealestatereport.com
www.lirealestatereport.com
High-end Hamptons rentals still for the last minute shopper
Newsday – Long Island,NY,USA
(**Ed note: take this one w a grain of sand**)
Jane Gill of Prudential Douglas Elliman Real Estate says that while the market has been steady this year, in the last week or so, “all of a sudden it’s …
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The Southampton house that Jack Nicholson rented
Jack may not have built this house, but he rented it a few years back while filming scenes in the Hamptons for the movie “Something’s Gotta Give.” Jack is Jack Nicholson and the house is a 5,800-square-foot, five bedroom,…
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All about the 2009 Hampton Designer Showhouse
The 2009 Hampton Designer Showhouse will be held this year at a new home on David’s Lane in Water Mill. The shingled house was constructed by Hamptons-based Farrell Building Company — whose principal, Joe Farrell, just put a Bridgehampton…
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Paulson’s Complaint
Newsweek – USA
Paulson began having his doubts about Fuld—and the future of Lehman—as early as October 2007, when Lehman made a big bet on commercial real estate even …
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Times: Hamptons Just Like Us, Cutely Conserving for “Thrifty” Summer
(**ED note: agreed, this Sunday Styles article had me gagging)
Gawker – New York,NY,USA
For example, they’re still going to The Hamptons this summer, but they’re going to be toning it down. What, you’ve heard this story before? Funny. …
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Blue Parrot Takes Back Prime Perch In East Hampton Village
Hamptons.com – Southampton,NY,USA
By Colin M. Graham East Hampton – The restaurant rumor mill has been in overdrive since news that the Blue Parrot would be reopening this summer first hit …
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MTA Payroll Tax Provokes East End
East Hampton Star – NY, USA
Property owners are likely to shoulder that burden by paying increased real estate taxes. Mayor Greg Ferraris said at a Sag Harbor Village Board meeting on …
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Assessments will not reflect economic downturn
27east.com – Southampton,NY,USA
By Brian Bossetta The drastic downturn in the economy and the drop in real estate values have not been reflected in this year’s tax assessments, …
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Modern Architecture in the Hamptons
Built in 1983, this modern design recently hit the market with a price tag of $4.95 million.
WSJ
More Homes in California Are Selling
WSJ -California’s housing market showed improvement in March as sales of existing single-family homes rose 64%.
‘Underwater’ vs. Foreclosure
Why most people who owe more than a property’s worth will still keep their homes.
Home Prices Sink, but Pace Is Slower
Home prices slid in February, S&P/Case-Shiller data showed, but the annual pace of decline slowed. Consumer sentiment surged in April.
Infamy! Summer ‘09, the Hamptons
New York Observer – New York,NY,USA
Christopher Robbins is the vice president of Robbins Wolf, the high-end event-planning company that puts together the Hamptons Classic Horse Show; …
I had the good fortune of working with Diane at Corcoran, soon after she and her partners sold the Dayton Halstead brokerage to Cendant (now Apollo) and they joined the Corcoran brand.
In a sea of controversy, back-biting, jealousy and all around insidious behavior, led by several of the former Cook Pony Farm agents who were rebelling about being acquired by Corcoran only a few months earlier, Diane remained unflappable; cool, calm and professional. She’s the best of the best.
Diane Saatchi
After boosting Dayton-Halstead to $133 million in sales, Saatchi left the three-office boutique brokerage in East Hampton to become a vice president with the prestigious Corcoran Group.
Diane also has an impressive assortment of sales, land and rental listings. See them here.
and see the interview with the Long Island Business News below.
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Diane Saatchi holds the keys to the Hamptons
by David Winzelberg
Published: April 10, 2009
Traffic into Southampton...a thing of the past
Traffic jams in the morning, formerly known as the “Trade Parade” are a thing of the past. As recently as a year ago (Mar 08), you could leave Manhattan at 6am and get to the Shinnecock Canal by 7:15, then take another 1:15 to get the 6 miles from the canal to Water Mill, all due to traffic congestion trying to get to Southampton and beyond.
Suffolk County did a great job widening the 3 lane CR 39 into 4 lanes, allowing two eastbound lanes to match the two westbound lanes, but the economic slowdown has taken its toll on the number of supply trucks and construction workers coming into the area from the west for the high paying jobs.
Now, the Town of Southampton is looking to lift the building moratorium they enacted along the busy road so they could plan for proper growth.
It seems like taking down the speed limit signs on a closed highway, but…
see the story here
UPDATE: Town Lifts CR-39 Building Ban In Favor Of Sparking Economy
Q & A with Gary DePersia
Gary DePersia
It’s been a tough year for Hamptons real estate. Average sales prices for homes in the Hamptons and the North Fork plummeted 26.8 percent in the third quarter from the same period last year, according to a market report by Prudential Douglas Elliman.Yet, since August, East Hampton-based Gary DePersia, an associate broker and senior vice president at the Corcoran Group, said he has seen nearly $30 million worth of exclusive listings go into contract.With $202 million in sales volume this year, DePersia was recently named the nation’s fourth top broker in the “The Real Estate Top 200,” a national ranking and awards event sponsored by the Wall Street Journal, Real Trends and Lore Magazine. A 13-year real estate veteran, DePersia moved to East Hampton from New York City in 1995.
The Real Deal spoke with DePersia to find out how he’s beating the odds.
see complete Q&A here
In recent years, many agents learned that the more you work, the better you earn. Those wewre they years when doing business was like being a bear in the middle of a stream during the salmon run. As long as you were there, on a good rock, you could eat to your hearts content.
Today, with business slower, the ‘big bears’ are still nibbling, but many others are ’shrieking and freaking’ about having nothing to do.
Why not take that free time and put it to good use, helping others? There are many non-profit organizations, here on the East End that could use our help; civic, church, childrens, family, environmental and animal related.
And doing good feels good! Let’s be grateful for what we have and ‘pass it on’.
For a list of East End Non-Profit organizations, click here.
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This post was inspired by a Selsius Blog post: NAR Must Add Pro Bono Provision to Realtor Code of Ethics
Thanks for the inspiration, Joe!
County Road 39 & 39A (Rt 27) from Lobster Inn to Mercedes dealer
“This month, a new ad hoc advisory committee began to take shape in Southampton to study the future development of the CR 39 corridor. The committee, composed of town residents and civic leaders, will work in conjunction with professional planners hired by the Town of Southampton to chart future development along the roadway. Meanwhile, a town imposed building moratorium remains in place until August 2009. The moratorium has effectively halted all development along the CR 39 corridor for the year as a means of allowing planners to reassess conditions created by the recent road widening and current development.”
see full article below
Task Force Takes A Closer Look At Development And Safety Along County Road 39
Andrea Aurichio
