- The son of a Bridgehampton potato farmer, real estate veteran Paul Brennan
, of Prudential Douglas Elliman
in Bridgehampton, can trace his ancestry back to the founding of Southampton in 1640. Although he attended Assumption College in Massachusetts and ventured to Australia to play professional basketball with the Bankstown Bruins for two seasons, Paul has spent most of his life living and working in his beloved hometown. Mentored by the late great real estate broker Allan Schneider
, Paul worked with Allan Schneider Associates until co-founding the firm of Braverman Newbold Brennan, which was later sold to Sotheby's
International Real Estate.
Eleven years ago, Paul fortuitously met Dottie Herman
, president and CEO of Prudential Douglas Elliman. Inspired by Herman's business savvy and vision, he joined PDE and has been instrumental in growing the company's reach on the East End from one small office over an antiques shop to 11 thriving offices on the North and South Forks.
How long have you been involved in the real estate business in the Hamptons?
Paul Brennan, of Prudential Douglas Elliman in Bridgehampton
Some people feel that the Golden Age of real estate in the Hamptons has come and gone. How do you feel?
Absolutely not. Fortunately the five East End Towns began to ensure their continued popularity by instituting the CPF that has fortunately preserved over 6,000 acres of open space since its inception 11 years ago. This will help keep the character of the East End and maintain real estate values.
Looking at the profile of the local industry as a whole, what changes would you predict for the future?
Purchasing houses/land near or on open space.
Which traits do you look for when you interview a potential sales associate?
Passion, Perseverance, Character.
How do you feel about the fact there is no MLS (multiple listing service) in the Hamptons market?
Great. MLS negatively impacts the real estate business.
What price trends do you see for 2010?
What is your prediction for the 2010 rental season?
Very good rental season.
Additional Comments - Please feel free to say what is on your mind concerning the current market and related issues.
The Hampton's real estate market will continue to improve provided the financial markets steadily improve. If Wall Street sneezes the Hampton's real estate market will catch the cold.
Nicole, an award-winning journalist, is Executive Editor & Publisher of Hamptons.com where she focuses on celebrity interviews, fine living and design, social events, fashion and beauty. She lives on the North Fork with her husband, their two daughters, and Bernese Mountain dog, Cooper. www.hamptons.com