March 15, 2007

Howards End

HOWARD Stern has scored a new Hamptons summer rental, after the mansion he’d been leasing was suddenly sold last month.

The Norman Jaffe-designed 6,000-square-foot pad includes six bedrooms and 61/2 baths on 4.4 acres with 200 feet of beachfront and views of both the ocean and bay. The property features a gunite pool with spa and a sunken tennis court, and is within shouting distance of the Meadow Lane helipad.

This “old” $41M house

Goldman Sachs CEO Lloyd Blankfein has signed a contract to buy “Old Trees,” the venerable Southampton estate on Lake Agawam that had a $48 million asking price. We hear the sale price that owner Donald A. Burns accepted is approximately $41 million.

Talk of the townhouses

The Hamptons-based Farrell Building Co., a custom builder flush with a $100 million cash infusion from the Carlyle Group, is opening a branch of its operations in Manhattan. Besides offering custom interior work, the company is searching for townhouses to buy and gut-renovate, according to owner Joseph Farrell.

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