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Tagged: Hamptons

Real Estate

Hamptons, Revived | The Hamptons real estate market seems to be rebounding a bit. According to a new report released today, third quarter sales were up 50 percent from the previous quarter and prices only fell 2.4 percent, which in these challenging times is considered a cause for celebration. [Crain's]

Buyers & Sellers

Kimora's East Hampton Sale; A New Listing at 740 Park

146241Kimora Lee Simmons is looking to unload a decidedly modest home she owns in East Hampton. The 2,300-square-foot home, which Kimora picked up for $690,000 in 2003, is currently listed for $800,000. Don't expect to find any evidence that the Queen of Bling has spent much time there: In addition to the much larger estate she owns nearby, she also has a $20 million mansion in Saddle River, NJ, which has been on the market since 2007. [Real Estalker, PDE]
• Retired tech exec Lawrence Mueller and his wife Mary Kay have dropped the price of their three-bedroom condo at 15 Central Park West five months after first listing it for $16.5 million. The 25th-floor condo, which the couple bought for $5.99 million in late '07, is now priced at $15.5 million. [Curbed, PDE] More

Distinctions

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Ira Rennert Will Not Be Outdone | This hasn't been a very good year for Ira Rennert, the shadowy tycoon who built a fortune by scooping up steel, magnesium, coal, and lead companies around the world. Rennert reportedly lost $100-$200 million by investing his money with Bernie Madoff (although considering the new installment of the Forbes 400 lists his net worth at $4 billion, it's not like he's going to have to start panhandling anytime soon). Today, however, there's a bit of good news for Rennert: According to Zillow.com, Rennert's ridiculously massive house in the Hamptons once again takes top honors for being the largest home in the U.S. Don't believe it? A few photos of Rennert's 66,395-square-foot, 29-bed, 39-bath Italianate mansion are below.More

Real Estate

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Tory Burch, Real Estate Mogul? | Designer Tory Burch received approval last month to tear down her $22.5 million home in Southampton so she could replace it with something more to her liking. But is she also involved in the purchase of the $45 million estate owned by the late Howard Gittis? RealLI seems to think so, although it admits the "details are sketchy," and the Post reported yesterday that the buyer was "unidentified, recession-proof financier." Then again, Burch's fashion business seems to be enduring the recession just fine and it's always possible she decided to start up a hedge fund on the side, so maybe they're all right. [RealLI via Curbed]

Buyers & Sellers

Kelly Klein Spreads Out, Gittis Estate Goes into Contract

145776• Kelly Klein, Calvin Klein's second ex-wife and a photographer, horse enthusiast, and social fixture, has paid $2.091 million for a two-bedroom co-op at 2 West 67th Street, the building that she's resided in for years. [Cityfile]
• The Southampton mansion once owned by Howard Gittis, the right-hand man to Ron Perelman who passed away in late 2007, has reportedly gone into contract for "about $45 million." The 14-acre estate, which Gittis picked up for $9 million in 1993, is being bought by an unidentified financier. [NYP, Corcoran]
Bjork and Matthew Barney have closed on the purchase of a condo at 160 Henry Street in Brooklyn Heights. The couple paid $4 million for the four-bedroom pad. Meanwhile, their former place at 180 West Houston Street is still on the market for $1.7 million. [Brownstoner via NYO, BCRE]
• Attorney Bruce Kaye and his wife Deborah have sold their two-bedroom condo at 15 CPW. The 32nd-floor apartment, which the Kayes bought for $7.8 million in July 2008 and put back on the market for $11.9 million in April, sold for $11.7 million to an unidentified buyer. [Cityfile]

Buyers & Sellers

Matt Lauer Buys Southampton Cottage

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Matt Lauer has picked up some new real estate in the Hamptons. The Today show co-host paid $2.15 million for a 1,500-square-foot waterfront cottage in Southampton. The 0.7-acre estate features a boat dock and a wraparound deck overlooking a pond connected to Little Peconic Bay. [WSJ]
• Luigi Zunino didn't come through. Three months after it was reported that the Italian exec was having difficulty closing on the three-unit spread at the Plaza he put a $9 million deposit on last year, the 10,026-square-foot apartment is now back on the market. It's currently listed for $39 million. [NYO, Stribling]
• Retired Pfizer exec Gary Jortner and his wife Cindy, have picked up a new apartment at 15 CPW, just a few floors up from the smaller apartment they listed for $3.195 million earlier this month. The couple paid $5.9 million for developer Gerardo Capo's apartment on the building's 12th floor. [Cityfile]More

Buyers & Sellers

An Olympic Apartment For 'The Queen of Bling'

145515• Jewelry designer Lorraine Schwartz has a new home at the Olympic Tower on Fifth Avenue. The woman who's been called "the Queen of Bling" (and been namedropped in a Beyoncé song) paid $4.7 million for a 2,900-square-foot duplex on the building's 39th and 40th floors. [Cityfile]
• Steven Oesterle, a managing director at Giuliani Partners, and his wife Nancy, have sold their three-bedroom apartment at the Park Imperial on West 56th Street for $4.9 million. [Cityfile]
• British architect Lord Norman Foster has closed on the purchase of a second apartment at 912 Fifth Avenue. The eighth-floor pad, which Foster was first reported to be buying back in July, was bought for $6.7 million. [Real Deal]
Christina Ricci is reportedly looking to unload her home in LA. The three-bedroom house is on the market for $1.549 million. [Real Estalker, Movoto]

Bankers

Richard Kimball Gets Rowdy in Southampton

144987Goldman Sachs partners were supposed to be keeping low profiles these days, as per instructions from the bank's CEO, Lloyd Blankfein. And Lord knows anyone related to NYC Prep's PC Peterson—even by marriage—would be well advised to avoid the limelight for a spell. But that didn't stop Richard Kimball Jr., a Goldman partner and the ex-husband of Manny author Holly Peterson, from hosting a series of "rowdy" parties in Southampton over the summer, at least one of which featuring topless women: More

Buyers & Sellers

Jennifer Esposito Lists on East 10th

144963• Jennifer Esposito is looking to sell in the Village. The actress has put her one-bedroom apartment at 23 East 10th Street on the market, along with the one-bedroom co-op she owns upstairs. The two apartments, which Esposito once planned to combine into a duplex, are currently listed for a combined $1.435 million. [NYM, MDNY]
• Peter Buffett, the son of Warren Buffett, and his wife Jennifer have closed on the purchase of a condo at One Madison Park. The couple paid $3.5 million for the three-bedroom pad. [Cityfile, previously]More

Buyers & Sellers

Banker Sells on East 80th; Big Buy at One York

144873• Tom Flexner, a former vice chairman of Bear Stearns who joined Citigroup in April of 2008 to oversee its global real estate investment banking business, has closed on the sale of his four-story townhouse at 136 East 80th Street. The three-bedroom home, which Flexner first listed for $12 million last July with broker Kirk Henckels, and which went into contract to sell in May, sold to one Regan Fitzpatrick for $8.3 million. [Cityfile]
• Real estate investor Michael Hirtenstein has paid $16.8 million for five units on three floors of the Enrique Norten-designed One York, which he's planning to combine and use as a place to host "philanthropic events." [NYP]More

The East End

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Gerry Seinfield's Estate Is On Your Left | Just in time for the end of the summer season, an enterprising Horace Mann student has released a "Hampton Star Map," which features directions to 67 "celebrity homes and hotspots." The fold-out map will run you $7.95. You'll just have to hope his sense of direction is better than his spelling skills. [Hampton Star Map via Curbed Hamptons]

Buyers & Sellers

The Schwarzmans List Their (Old) Hamptons House

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• Blackstone Group co-founder Steve Schwarzman and his wife Christine have put their East Hampton home on the market. The 2.1-acre property, which the couple purchased for $2.3 million in 1996, is listed for $7.2 million. The couple will hardly be homeless if and when they sell it. The Schwarzmans are finishing up construction work on the much larger estate in Water Mill they agreed to buy in 2005 for $34 million. [WSJ, BHS]
• Developer Bruce Ratner has sold his 4,500-square-foot home in Montauk to art dealer David Zwirner for $10 million. He's reportedly looking for a "less pricey" estate in Quogue. [NYP]
• Actress Molly Shannon has sold her apartment at 66 Ninth Avenue for $2.61 million. The three-bedroom pad, which Shannon bought for $1.6 million in 2003, had been listed most recently for $2.85 million. [Real Deal]More

Roundup

Eating & Drinking: Thursday Edition

• Tonight is the last night for Elettaria on West 8th Street. [Eater, GS]
• La Goulue on Madison Ave. was dismantled and packed up yesterday. [P6]
David Burke's eponymous restaurant reopened its doors last night. [GS]
• Due to the economy and not-so-spectacular weather, this hasn't turned out to be the best summer for restaurants in the Hamptons. [EH Star via Curbed]
• Charles on West 4th Street begins brunch service this weekend. [GS]
Graydon Carter is collaborating with someone new at Monkey Bar. His 83-year-old mother's butter tart is now on the dessert menu. [P6]

Politics

David Paterson Finds Acceptance In the Hamptons

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Last Friday, David Paterson insinuated that he was the victim of racial bias, suggesting that a racially motivated campaign had been organized to keep him from running for governor this fall. A good deal of criticism immediately followed (and today Paterson attempted to back away from his remarks). But if Paterson had been planning to stick with that line of attack over the weekend and possibly coordinate a march on Albany with Al Sharpton, well, that doesn't appear to have been on his agenda. A few hours after raising the race issue on Friday, he cruised out to Water Mill to attend a country western-themed fundraiser at the home of author Jay McInerney and heiress Anne Hearst, where he had an opportunity to play a little charity blackjack with the likes of Kathy Hilton and Countess Luann de Lesseps. And you were thinking that the Hamptons tended to be exclusionary! A few more photos of Gov. Paterson's fun-filled Friday night below. More

Buyers & Sellers

Billy Joel Lists in Sagaponack

144322Billy Joel is looking for a buyer in Sagaponack. Now that he and wife Katie Lee Joel are splitting up, the singer is planning to sell the two oceanfront properties he bought for her in 2007. The four-bedroom mansion (No. 1) and smaller beach bungalow (No. 2) will be listed with Corcoran's Biana Stepanian for a combined $35 million. [NYP]
• Richard Bressler, the former CFO of Viacom and now a managing director at the private equity firm Thomas H. Lee Partners, went into contract to sell his duplex at 850 Park last month. Now he's picked up a new place. Bressler paid $7.15 million for a four-bedroom condo at 170 East End Avenue. [Cityfile]
• Mariann Florio, the widow of former Condé Nast CEO Steve Florio, has paid $1.65 million for a three-bedroom apartment at 235 East 73rd Street owned by former Bear Stearns exec Leo Tilman. She's still trying to sell her vacation home in Key Largo, Florida, which has been on the market for $8.9 million since last October. [Cityfile]