Business

The week in South Fork real estate.

A Farrell purchase in Bridgehampton for over $24 million leads off the real estate report this week.

“It’s a record price per square foot for any commercial real estate transaction in the Hamptons, ever,” said Jeremey Tahari of Tahari Capital, whose father, Elie Tahari, sold the building at 1 Main Street in East Hampton for $22 million to Bernard Arnault, named by Forbes last week as the world’s richest person.

Christopher Gangemi, a reporter who joined the staff of The East Hampton Star in December 2021 as a newcomer to journalism, won the New York Press Association’s Rookie of the Year award at its Better Newspaper convention last weekend. The Star was also recognized for its news and feature writing and for its East magazine.

The march of the L.L.C.s — it’s the latest real estate report.

When a water line break in East Hampton Village flooded several businesses a month ago, Gubbins Running Ahead, a sporting goods shop on Park Place, lost all of its inventory, including 7,000 pairs of athletic footwear. Last week, Geary Gubbins, who has run the sporting goods shop since 2013, parlayed his business’s misfortune into an act of generosity for a local nonprofit.

In East Hampton Town’s villages and hamlets, yes, sales are down, but it’s because the inventory of available properties is at a historic low, brokers here are saying. "Our prices have not dropped off a cliff — we just don’t have any houses to sell.”

The latest in South Fork real estate moves.

Don’t call it an expansion, but Carissa’s Bakery at 221 Pantigo Road in East Hampton needs a little more elbow room — and parking.

AMAGANSETT
Itai Lemberger to Jason Goldklang, 66 Pepperidge Lane, Aug. 12, $2,475,000.
177 Amagansett Main Street L.L.C. to ROP Amagansett L.L.C., 177 Main Street (commercial), Jan. 17, $4,450,000.

The latest reported property transfers, from Montauk to Southampton.

The latest real estate transactions across the South Fork.