These were the top Hamptons sales in 2016

Market reports have pointed to a price slowdown in the Hamptons, but several ultra-expensive pads still found buyers in 2016. The most valuable sale, according to analysis by The Real Deal, was three properties spanning 6.4 acres on Lily Pond Lane, which hedge funder and serial Hamptons house flipper Scott Bommer sold to natural gas tycoon Michael Smith[…]

Reimagining Westchester retail

From the Westchester market report: With an average household income of $135,000 — 8 percent higher than found in Manhattan, and 54 percent higher than the rest of New York State — Westchester County has plenty of affluent shoppers. But as other suburban markets adapted to shifting demographics and consumer preferences — including the move to[…]

Islanders may be booted from Barclays Center

Goodbye, Long Island. And goodbye, Brooklyn. The New York Islanders, which left Long Island in 2015 for Brooklyn, are getting the boot from the Barclays Center. The owners of the arena on Atlantic Avenue concluded it would make more money not hosting the hockey team, which won’t contribute revenue after the 2018-2019 season, according to[…]

Moral Compass: Brokerages speak out (or stay silent) in wake of Trump’s travel ban

President Donald Trump’s ban on citizens of seven Muslim-majority nations earned him the condemnation of several titans of industry from the technology, finance and consumer-goods sectors. Largely absent from the conversation: the real estate industry, whose leaders Trump counts among his most zealous backers. A few prominent players in the residential space, however, are making[…]

Extell scoops up home of Carnegie Deli

Gary Barnett is gobbling up another piece of Midtown West: the former Carnegie Deli building at 854 Seventh Avenue. Extell Development — which already owns two sites on the block and paid $9.1 million for the deli’s air rights in 2015 — is set to close on the six-story property as early as this week,[…]