5 things you absolutely need for the MBA convention in Las Vegas

Is the Massachusetts AG's run for governor compromised by GSE buyback lawsuit?

Nonprofit CEO also co-chairs Coakley’s campaign finance committee

Exclusive: Move CEO Steve Berkowitz opens up about News Corp deal

Plus his thoughts on Zillow/Trulia and the future of real estate
W S
The Ticker

Homebuyers flock to the Hamptons

big house
/ Print / Reprints /
| Share More
/ Text Size+

Full of endless amenities and luxuries, the Hamptons braved the housing crisis mostly intact, experiencing only marginal drops in summer renting and car and boat sales. But even so, the town is picking up steam again as the landscapes become laden with building signs. Per The New York Times:

“We’re as busy as we’ve ever been,” said Joe Farrell, the president of Farrell Building, during a recent interview and tour of his $43 million, 17,000-square-foot home here. The estate, called the Sandcastle, features two bowling lanes, a skate ramp, onyx window frames and, just for fun, an A.T.M. regularly restocked with $20,000 in $10 bills.

With a customer base composed largely of Wall Street financiers, Mr. Farrell has more than 20 new homes under construction, or slated for construction, at a time, making him the biggest builder here by far. He has plans for more, many of them speculative homes built before they have buyers.

Read full story

Recent Articles by HousingWire Staff

Comments powered by Disqus