Business

    According to a report from George Simpson, president of Suffolk Research Service, on sales of properties on the East End, the first quarter of 2012 is still showing a downward trend compared to the numbers from the first quarter of 2011.

    Two of the most reliable market indicators, median price and dollar sales (the total sales in dollars), both showed substantial declines in the five towns of the East End from the same period last year. The median price was down 12.6 percent from the same quarter last year and dollar sales were down 10.6 percent.

EAST HAMPTON VILLAGE

J. Mamone and J. Templeton to Pantigo Properties, 113 Pantigo Road, .36 acre, March 9, $750,000.

MONTAUK

D. and J. Henry to D. and D. Gillen, 29 South Forrest Street, March 14, $715,000.

S. and K. Convery to S. Laurino, 14 South Fuller Street, .95 acre, March 6, $737,500.

NORTH HAVEN

S. Hagerstrom to B. Sax and H. Rafkin-Sax, 63 Ferry Road, 1.55 acres, March 15, $2,325,000.

NORTHWEST

E. and M. Stoler to S. and L. Morea, 11 Cattle Walk, 2.08 acres, March 7, $830,000.

   Two large Day-Glo signs in the window of the Outdoors store in Amagansett ask passers-by to stop in to sign a petition to keep the shop in its current Main Street home, but despite the support of more than 400 customers and well-wishers, it appears the store could be losing its lease.

    Barry Adelman, who has owned the business for 15 years and had a lease on the storefront for just as long, learned on Feb. 21 that his landlords, Joe and Sal LaCarrubba, would not be renewing his lease.

Made in Montauk

     Ingrid Torjesen Kalfaian, a South Fork resident since 1994, has launched a new line of clothing and accessories, hand-dyed and hand-printed in her hometown of Montauk. Made in Montauk uses organic cotton for its yoga and beachwear, note cards, and clothing for children.

    The line is being carried at Tutto Bene in Bridgehampton, the Harbor Marina gift shop in East Hampton, and Gloria Jewel in Amagansett and Bridgehampton. Products can also be viewed online at montaukdesigns.com.

Hamptons Water

AMAGANSETT

A. Calero to M. Bompey and L. Almon, 233 Red Dirt Road, 1.23 acres, Jan. 25, $1,600,000.

EAST HAMPTON

15 Robert’s Lane L.L.C. to J. Behar, 15 Robert’s Lane, .78 acre, March 2, $2,875,000.

L. Branche and D. Roach to S. Grover, 10 Stokes Court, .7 acre, Jan. 24, $480,000.

SAG HARBOR

P. and J. Jensen to B. Covit, 12 Montauk Avenue Extension, .74 acre, Feb. 25, $1,650,000.

M. Mahoney to E. and H. Goodstone, 16 Windermere Drive, .23 acre, Jan. 31, $554,000.

SPRINGS

    According to local real estate agents, and a handful of disappointed customers who waited too long, the 2012 summer rental season is the busiest in a while, and those who tarry will be renting elsewhere — not on the South Fork.

    John Gicking, the vice president and manager of Sotheby’s International Realty’s East Hampton office, said, “The rental market is very strong. We have customers who are disappointed that they missed out on an oceanfront rental for this summer, and are already bidding on the same house for 2013.”

Sag Harbor Perfume

    Bond No. 9, a Manhattan perfumery with an outpost located on Main Street, Sag Harbor, will soon release a scent named for that village.

    Sag Harbor is described in a press release as “a languid, flower-garden, ivy-coated, marine-scented ode to that quietly beguiling alternative South Fork town.”

    The scent follows in the wake of other Long Island-inspired perfumes from Bond No. 9, including Fire Island, Coney Island, and Andy Warhol Montauk.

    The new perfume will be released Memorial Day weekend.

AMAGANSETT

T. and L. Sears to America’s Capital Advisors, 97 Cross Hwy To Devon, 2.01 acres (vacant), March 2, $600,000.

T. Sears to T. Marziano, 99 Cross Hwy To Devon, 2.2 acres (vacant), Jan. 31, $600,000.

EAST HAMPTON

L. Carr to E. Margules, 6 Pine Close, 1.38 acres, Feb. 1, $1,800,000.

Town of East Hampton to M. Feliciano, 34 Blue Jay Way, .1 acre, Jan. 26, $5,000.

EAST HAMPTON VILLAGE

32 Sherrill Road L.L.C. to J. and S. Ruffo, 32 Sherrill Road, .2 acre, March 1, $1,200,000.

   When photography was invented, people said painting was dead, and when CDs came along, many thought vinyl recordings were dead. Then, with the rise of downloadable digital music, CDs looked destined for the trash heap.

    But things have a way of coming full circle. Painting is alive and well, and so, too, is vinyl, according to Craig Wright, who will open Innersleeve Records in Amagansett Square early next month, offering new and used LPs and CDs, along with rare poster art and music memorabilia.

   In a basement studio in Springs, amidst sewing machines, scissors, spools of thread, mannequins, and fabric, Temidra Willock enthusiastically presented a colorful collection of clothing she designed and fabricated and hopes to make accessible soon to the broader world. The small space was filled with sundresses, scarves with decorative trim, boxes of reversible beach hats, beach bags, and clutches, designed and sewn with dreams of a lucrative business under her label, Vivid Blueprint. It is “what I am meant to do,” said the 22-year-old designer.

    Capital One Bank is now accepting applications for its first financial literacy challenge on Long Island, an awards program that will dispense $5,000 each to 25 local organizations — from schools to nonprofits to community groups — to go toward the implementation of financial education programs.

    Of the 25 organizations participating in the challenge, the two that demonstrate the greatest influence on their communities will be selected to win additional grants of up to $15,000 in the spring of 2013.

BookHampton Goes North

    Who says literature is dead? Certainly not the owners of BookHampton, who are expanding the storybook kingdom over to Mattituck. A new Book­Hampton store will open there this weekend, joining sister stores in East Hampton, Southampton, and Sag Harbor.

    The latest incarnation of what has been called by Newsweek “one of the country’s great indie bookstores” has moved into the Gildersleeve Octagonal Building on the corner of Main Street and Love Lane. Opening celebrations will take place on Saturday and Easter Sunday.

AMAGANSETT

D. Lenzer to T. and K. Wright, 15 Green Tree Court, 2.06 acres (vacant), Feb. 14, $1,200,000.

St. Michael’s Evangelical Church to St. Michael’s Windmill, Montauk Highway, Dec. 21, $473,100.

EAST HAMPTON

R.C.P. Holding Corp. to H.C.D.C. Holdings L.L.C., 17 Ocean Boulevard, .55 acre, Jan. 25, $475,000.

EAST HAMPTON VILLAGE

P. Gasrel Trust to E. Kladitis, 69 Pantigo Road, .53 acre, Feb. 13, $600,000.

S. Mandell and L. Schacht to R. Silverstein, 325 Georgica Road, 1.07 acres, Feb. 15, $4,100,000.

    Like a brightly colored Easter egg, Vintage Pink, a new store in Montauk, is not hard to find. Tucked away on South Edison Street on the edge of the post office parking lot, it is chock-full of interesting items, bubbling Buddha fountains, and bamboo stalks in vases.

AMAGANSETT

M. Maytin to J. Gerrard, 640 Old Stone Highway, 2.05 acres, Feb. 1, $1,995,000.

EAST HAMPTON

Florida CIS EH L.L.C. to Talmage Lane Ventures, 46 Talmage Lane, .83 acre (vacant), Feb. 9, $1,900,000.

S. and T. Georgopoulos to Richmond Ventures Four, 3 Old Hollow Lane, 1.98 acres, Feb. 6, $1,575,000.

MONTAUK

G. and R. Developmental Co. to B. Savage, 155 West Lake Drive,

.44 acre, Feb. 16, $945,000.

NOYAC

A. and M. Caraballo to A. Aliotta, 36 Partridge Drive, .58 acre, Feb. 17, $511,000.

   “It’s like coming home,” said John Nesta, of Mr. John’s Pancake House in Montauk. “It’s a legend.”

    “These ladies have been here for years,” added his wife, Elizabeth, looking at Cristina Albranda and smiling. It is no exaggeration. Ms. Albranda has waited on customers at the friendly, no-frills eatery for 31 years.

AMAGANSETT

E. Danzig to J. Tabone, 9 Holly Way, .56 acre, Feb. 3, $1,500,000.

EAST HAMPTON

B. King Revocable Trust to K. Trainor, 12 Sunset Lane, .24 acre, Feb. 1, $750,000.

EAST HAMPTON VILLAGE

C.J. Moorhead Trust to A. Dweck and R. Levine, 19 Mill Hill Lane, Feb. 7, $2,100,000.

NORTH HAVEN

K. Langberg to W., S., and J. Holtz, 31 On the Bluff, 1.84 acres, Jan. 24, $3,180,000.

NORTHWEST

H. and M. Goldberg to B. Phillips, 58 Alewife Brook Road, 1.3 acres, Feb. 1, $795,000.

Wine and Networking

    On Friday, March 23, the Parrish Art Museum’s Business Council will host Two Forks and a Cork, now in its eighth year. The wine-tasting event will be held in the Southampton museum’s concert hall from 6 to 8 p.m. East End wines, artisan foods, and a silent auction will be the highlights, along with a chance to network with local professionals.

   Plum TV, the lifestyle television network that broadcasts in eight resort areas, including the East End, has been purchased by LXTV, another lifestyle broadcaster, following a bankruptcy auction held on March 1.

   LXTV’s co-founders, Joseph Varet and Morgan Hertzan, will serve as co-presidents of Plum, with offices in Los Angeles and New York City.

AMAGANSETT

A. Trages by administrators to 23 Windmill Lane L.L.C., 117 Main Street, .33 acre, Jan. 27, $850,000.

EAST HAMPTON VILLAGE

187 Main St. L.L.C. to Clareg Properties, 187 Main Street, .93 acre, Jan. 31, $2,187,500.

MONTAUK

D. and E. Brassil to K. and C. Ryder, 24 McKinley Road, .22 acre (vacant), Jan. 24, $850,000.

NORTHWEST

F. Lawrence by executor to Buenos Dias L.L.C., 9 Bearing East Road, 1 acre, Jan. 21, $525,000.

AMAGANSETT

Scalia and Jordan-Scalia to Clark-Powell Trust, 63 Wyandanch Lane, .14 acre, Jan. 23, $1,800,000.

EAST HAMPTON

S. Lichtenstein to 11 H.R.L., L.L.C., 11 Hedge Row Lane, .75 acre, Jan. 9, $1,100,000.

New Sunshine Realty to J. Tuohy and J. Burke, 17 Stokes Court, Jan. 12, $850,000.

B. Haag to 114 W. 70th Trust, 16 Ocean Parkway, .52 acre, Jan. 13, $1,100,000.

EAST HAMPTON VILLAGE

G. Jacobs and A. Veronis to A. Wetenhall, 65 Toilsome Lane, .48 acre, Jan. 6, $1,425,000.

MONTAUK

AMAGANSETT

J. Breslin by executor to M. and B. Rudin, 47 Osprey Road, .17 acre, Jan. 18, $980,000.

Fitzgerald and Bickley to B. Roaman, 70 Oak Lane, .74 acre, Jan. 13, $950,000.

MONTAUK

Montauk J.M.J. Associates to 78 Ventures Ltd., 474 West Lake Drive, .62 acre, Jan. 4, $4,300,000.

C. Niessen and E. Saucier to M. Pettingill, 39 Caswell Road, .17 acre (vacant), Dec. 16, $240,000.

C. Niessen and E. Saucier to M. Pettingill, 41 Caswell Road, .17 acre, Dec. 16, $500,000.

NORTHWEST

AMAGANSETT

R. and H. Friedlander to K. Hart and K. Tucker, 113 Meeting House Lane, .79 acre, Dec. 28, $2,800,000.

EAST HAMPTON VILLAGE

M. Cremers by executor to Moo Moo L.L.C., 81 Jericho Road, .93 acre, Dec. 6, $2,525,000.

MONTAUK

Shady Acres Holding to N. Beard, 234 Old Montauk Highway, 1.4 acres, Dec. 23, $1,000,000.

C. Tiegs to P. and N. Beard, 232 and 236 Old Montauk Highway, 3.5 acres, Dec. 23, $3,000,000.

C. Kennebeck to E. Ferguson and J. Sample, 5 Hoover Court, .46 acre, Dec. 6, $1,150,000.

   Mark and Shannon Zucchero have added another store to their Flying Point Surf Shop holdings. The newest addition has opened on Main Street in Sag Harbor in the former Bikehampton space. Named the Flying Point Surf Shop Boutique, it offers women’s and children’s summer essentials as well as boots, and will eventually sell paddle boards. It is a few doors down from Flying Point in the Harbor, which sells primarily men’s clothing, as well as skateboards, surfboards, and accessories, and is attached to their sunglass store.

    Suffolk Bancorp, a one-bank holding company that operates Suffolk County National Bank, has released results for its recent fourth quarter, with comparisons to the fourth quarter of 2010.

    Key points include a decrease in earnings per share of 62.5 percent, to 12 cents, from the comparable period, and net income at $1,156,000, down 62.3 percent from $3,069,000 during the same period in the previous year.

    The net loss per share for the full year was down 101.2 percent, from the net income of $6,256,000 in 2010.

   Necessity is the mother of invention, and sometimes the mothers are the inventors. That’s what happened with the new Whoopsiee — a half-hat, half-helmet of soft, reversible fabric engineered for adventurous toddlers by two South Fork moms.

AMAGANSETT

J. and D. York to J. Dillon, 17 Grove Street, Dec. 23, $620,550.

BRIDGEHAMPTON

C. Finocchio to C. Platto and L. Mandell, 1888 Scuttlehole Road, 1.02 acres, Dec. 16, $1,850,000.

EAST HAMPTON

C. Calhoun by executors to New Sunshine Custom Builders, part of 119 Middle Highway (vacant), Dec. 19, $175,000.

J. and M. Luppi III to 154 Oakview Highway, 154 Oak View Highway, 4.1 acres (vacant), Dec. 3, $730,000.

G. Cooper to E. Waserstein, 97 Three Mile Harbor Road, 1.1 acres, Dec. 19, $937,500.

Most Excellent Inn

    The votes are in, and Baker House 1650 on Main Street in East Hampton has been named the “most excellent inn” in the United States and Canada by Condé Nast Johansens international luxury travel guides. It is the third time that Baker House 1650 has been so named.

    The awards, in 28 categories, are given to luxury properties throughout the Americas, the Atlantic, the Pacific, and the Caribbean and come from readers of the guides, hotel guests, and the Condé Nast Johansens team of inspectors.

Plum TV Auction

AMAGANSETT

Havey, Jones, and Wegehoft to 18 Shore Drive West, 18 Shore ­Drive West, .17 acre, Dec. 15, $700,000.

EAST HAMPTON

L. Harmon to J. and H. Forst, 9 Jason’s Lane, 1 acre (vacant), Dec. 9, $375,000.

EAST HAMPTON VILLAGE

R. Borg East Hampton Trust to A. Stead and K. Dolsingh, 8 Toilsome Lane, 7.9 acres, Dec. 9, $620,000.

Hitherland Development to M. and K. Patel, 2 Marina Lane, .84 acre, Dec. 9, $6,000,000.

MONTAUK

S. and S. Rankin to R. and J. Rozycki, 74 Tern Drive, .17 acre, Dec. 12, $589,000.

   Is the glass half empty or half full? Reports presented from Suffolk Research Service and one of the East End’s real estate firms offer a nebulous view of whether the market is on the rise or still bouncing along the bottom.

    Although there was some improvement from the third quarter of 2011 to the final quarter, there was little to no improvement over all over the fourth quarter of 2010, according to George R. Simpson, the president of Suffolk Research Service.