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Rumors And Good News

Originally Posted: May 07, 2008

Lona Rubenstein

Hey, interesting rumors, part of which you probably knew. East Hampton Gym and Sag Harbor Gym purchased the Omni in Southampton (that was in the works a while ago), but also, here's the rumor, that either Martha Stewart and/or her daughter are involved in the venture, a venture that would produce a brand new health club facility. No rumor that the swimming pool is closed. That's confirmable. The deal was brokered, again a rumor, by veteran realtor Lee Minetree of The Corcoran Group, and a long time Allan Schneider broker before that firm merged with the big guys. In any case, good luck and congratulations to all.

Property listed with Prudential Douglas Elliman Real Estate.

News of a productive and happy team - the Atlantic Group at Prudential Douglas Elliman in East Hampton comprised of Justin Agnello, Hara Kang, James Keogh, and Gosia (Margaret) Stankiewicz. "They are exclusively representing over two dozen properties," writes Chris Chapin, group honcho. "Perhaps 10 teams or agents in the Hamptons have achieved that level of success. They work like a machine - constantly holding open houses and on the telephone with their clients. They are making deals every week, while a lot of other agents are singing the blues. Their clients love them. Oh, and their collective ages add up to 100."

Corcoran Cares had their "successful" April kick-off fundraiser a few weeks ago. They wrote to us, "Corcoran Cares is the name of the non-profit, in-house organization created to support charitable and philanthropic organizations within the communities Corcoran serves." Well, giving back is always good when taking out. So good for you Corcoran!

The press release reads, "The event was held at a spectacular home, 30 North Main Street currently for sale and listed with Roger Blaugh of the Southampton office. Corcoran Cares will distribute more than $33,000 to our six local charities - The Retreat, East End Hospice, Have A Heart Community Trust, Peconic Bay Keeper, The Southampton Hospital Foundation, and ARF (Animal Rescue Foundation). We are very proud that our agents and employees understand the importance of giving back to the community in which we live and work." The news came from John Halsted, Jr., Senior Managing Director and Corcoran Cares Chairperson.

The view, and the property, listed with Town & Country Real Estate.

Another market watcher joins the crowd. "I read your column dated April 16 and am happy to hear the East End market is still strong." (Yes, well, Hmmm!! about that, see Town & Country below. We've already presented the Suffolk Research/George Simpson report!). In any case, Rick Winkler writes, " My company, The Real Estate Report, provides real estate transaction information in the form of on-line reports to a growing number of brokers on the East End. The Real Estate Report compiles all public record data on recent property sales, Lis Pendens filings, and foreclosure schedule information. We've recently had several large East End real estate companies sign on to use our service because we are accurate, concise and timely with the reports that we publish. We also have a good understanding of the East End real estate market and realize that the information that we publish is vital in order for brokers, agents and the public to stay informed with accurate statistics."

So there's a company looking for subscribers. Not selling real estate, but news about real estate. That's okay, too, right? Winkler adds his website address at www.lirealestatereport.com.

Town & Country Real Estate's CEO Judi Desiderio adds her report to the others, writing that usually she can put an upside spin on the data, but she's having a little trouble doing that right about the first quarter 2008 statistics as compared to 2007. The total home sales declined in all East End markets in the North Fork and South Forks. If you need the data, contact Town & Country.

Again Realty Takes reminds you that buyers' markets are fertile grounds. European money is worth what - one and half times ours, right now? Something like that! Talk to investors, advertise locally, of course, about the great deals to be found in a place where market values may go up and down, but the beauty, appeal, and wonder of the area is absolutely immune to market vagaries!

Having said that, East End real estate is a very strange business. Put your noses to the grindstone.

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