November 11, 2013 | by christina pellegrini
As principal broker and owner of Hamptons Realty Associates, Denise Rosko has followed the real estate trends of the East End for 17 years, and according to this seasoned expert, offseason sales have steadily increased. “The days of the Hamptons being a summer-only destination are slowly diminishing,” says Rosko. “After Labor Day we find a lot of potential buyers who spent the summer here and realized they don’t want to leave.”
September 09, 2013 | by by katy b. olson
Morley A. Quatroche.
Long-term retail leases are outpacing short-term “pop-up shop” leases in popularity in Southampton Village—and that’s a positive sign, says Morley A. Quatroche Jr., president of The Morley Agency. Calling the summer pop-up concept “one of the worst,” citing the nine-month vacancies it can produce, Quatroche, who manages 75 commercial tenants, says that retailers are “dropping the mind-set of the pop-up store” in favor of longer leases. “The pop-up is a 10-week commitment,” he explains. “They come in, throw in a few resources, but none of that money goes back into the village.” Long-term retailers, however, create jobs, reinforce a “vibrant” community, and serve locals and weekenders alike, he says.
September 03, 2013 | by matthew stewart
Real estate lawyer Adam Miller lives out East year round.
After making the move out East a decade ago, Adam Miller established The Adam Miller Group in 2007, and since that time has counseled more than $500 million in real estate transactions, including many parts of next year’s highly anticipated Watchcase development in the former Bulova factory in Sag Harbor. “I was at a large firm in the city for years and would do these large real estate transactions and never see the space,” explains Miller. “Out here I find it so much more tangible. I can drive by and see it, understand how a particular property relates to the other properties and locations.”
Being a year-round East Hampton resident enables him to sit on the board of local charities such as Bridgehampton’s Community House. This year he accepted a place on the board of Habitat for Humanity. “I represent some of the wealthiest clientele in the world, and to be able to give back to people of less means, I find so rewarding,” says Miller, who is ready to roll up his sleeves to help with Habitat’s local building projects. “I was just asked to be on their board a couple months ago, which I gladly accepted, [and] I plan to bang some nails.” The Adam Miller Group P.C., 2462 Main St., Bridgehampton, 537-1155
PHOTOGRAPHY BY RONALD LEYSER
August 30, 2013 | by katy b. olson
Raymond Smith of Douglas Elliman Real Estate.
The Hamptons is experiencing an “explosion of high-end real estate,” with prices now reaching the $40 million mark, says Associate Broker Raymond Smith of Douglas Elliman Real Estate, who notes that he hasn’t seen numbers this high since 2007. Prestigious properties boasting prime locations on Meadow Lane, Gin Lane, Lily Pond Lane, and Further Lane are, for many buyers, justifying the steep figures. While the majority of buyers are Manhattanites seeking summer homes, potential purchases are more than just recreational—they are investments. “[Hamptons property is] one of the more tangible assets left. You can only buy so much gold,” says Smith, who manages Elliman’s Southampton and East Hampton offices.
August 26, 2013
In honor of the Hampton Classic this week, we look to four East End estates with stables, barns, and other equestrian-friendly facilities.