Business

The developer Harry Macklowe listed his Georgica Pond house last week for $38 million. Despite the legal costs Mr. Macklowe has accrued since 2019, when East Hampton Village first hit him with a stop-work order citing illegal clearing and improvements, he stands to make a tidy profit if he gets close to that number, having bought the property in 2017 for $10.35 million.

More South Fork real estate moves . . .

South Fork real estate transactions from the end of last year.

Last week, an excavator tore up the Reutershan Parking Lot at the end of Eastman Way in East Hampton Village as rings for a new sanitary system sat behind a chain-link fence, a sign of big changes to come downtown.

Is it just us, or has this list grown?

Three of the buildings that comprise Adam Potter's 11 Bridge Street Limited Liability Company in Sag Harbor — 23 Bridge Street, 12 Rose Street, and 8 Rose Street — hit the real estate market this week, raising the question of whether his plan for a large, mixed-use building there is dead.

La Dune, an iconic property in Southampton once listed for $150 million, was sold by Sotheby’s Concierge Auctions last month for $88.48 million in a bid placed over the phone. It was the most expensive property ever sold in a real estate auction on the South Fork.

Here’s what’s new out this way, real estate-wise.

The latest reported South Fork real estate transactions.

Mary Waserstein, named executive director of the Greater East Hampton Chamber of Commerce just this past fall, has resigned, saying that she hasn't been paid since starting with the group and has been unable to reach a consensus about compensation with its board of directors.

South Fork real estate news.

When the word “suffered” ends up in a year-end real estate home-sales report, you know it can’t be good. And while Judi Desiderio, the C.E.O. and president of Town and Country Real Estate, said “the worst is yet to come,” the rental market is showing strength, and the stock market is hitting new highs.