Business

“We pretty much lost everything,” said Geary Gubbins, whose sporting goods shop, Gubbins, was one of several East Hampton Village businesses that experienced major losses this week when their basements were flooded on Sunday. "The water was up to the ceiling."

A break in a water line discovered Sunday morning in East Hampton Village caused major flooding at a number of downtown businesses, including Tutto Caffe, Bonne Nuit, Valentino, and Gubbins. Efforts to pump out basements were stalled for nearly eight hours as PSEG struggled to shut down power to affected areas.

The march of the millions continues.

Lacking the kind of synergy between restaurants and retail that might draw more off-season shoppers, Amagansett's Main Street on a winter weekday can feel in need of a bit of revival. That will all change when the high season arrives, but what has people talking now is the news last month of the sale of the Main Street Tavern building and how a restaurant in that spot could boost morale on Main Street.

For followers of South Fork real estate action, here’s the latest.

Real estate. It never stops.

From Montauk to Southampton Village.

New South Fork real estate transfers.

The march of the L.L.C.s continues.

New real estate transactions here.

The property on Long Island Avenue in Sag Harbor where Friends of Bay Street had planned to build a new Bay Street Theater is instead being put on the market, The Star learned this week.

Barnes & Noble announced Thursday that it will open a new bookstore in the Bridgehampton Commons this summer, taking over two storefronts previously occupied by Collette and Collette Annex. It will be the company's first foray into the South Fork bookselling world.