Archive for the 'Hal Zwick' Category

Town & Country Real Estate Opens New East Hampton Office

Thursday, May 12th, 2016

Town & Country Real Estate Nancy McGann, Gene Stilwell, Judi Desiderio, Janet Hummel at the East Hampton office opening

Town & Country Real Estate Nancy McGann, Gene Stilwell, Judi Desiderio, Janet Hummel at the East Hampton office opening.

"Town & Country's grand opening of our new East Hampton office was a grand success…a good time was had by all," says Judi Desiderio, Town & Country Real Estate founder and CEO.  East Hampton office manager and veteran real estate agent Gene Stilwell wholeheartedly agreed adding, "The champagne was flowing and all had a good time! How nice to share a little time with friends and colleagues toasting our new digs."

The new office, located at 46 Main Street, East Hampton, a few doors up for the former space has high ceilings, a wide expanse of windows showcasing the most spectacular examples of Hamptons real estate, cozy gas fireplace, and plenty of room for all of our East Hampton agents.  The chic aesthetic is accented by design elements including a chrome and wood light fixture in the formal lobby that perfectly matches the hardwood floor. 

The grand opening celebration was held Friday, May 6, 2016, to kick off the summer season and over 100 well-wishers came out to raise a glass of Sparkling Point champagne – imported from the North Fork hamlet of Southold, and nibble tasty bites from Cavaniola's Gourmet Cheese Shop in Sag Harbor.  Town & Country Real Estate's founder and CEO Judi Desiderio, managing partners Nancy McGann and Janet Hummel, and the agents in the East Hampton office including William Stoecker, Rick Slater, Kim Slater, Richard Swift, and Hal Zwick, to name a few were in the mix.

"Thanks to all who attended," says Gene. "What a fun night!"

Town & Country Real Estate agents Hal Zwick and Gary Reisman with managing partner Nancy McGann   Town & Country Real Estate agents Leon Day, Rick Slater, Kim Slater, and Gina Decker  

Town & Country Real Estate agent William Stoecker and wife Paige Stoecker   Town & Country Real Estate CEO Judi Desiderio and East Hampton office manager Gene Stilwell

Town & Country Real Estate Director of Digital Media Nicole B. Brewer, real estate agent Kim Slater, and Director of Acquisitions GIna Decker   

Town & Country Real Estate managing partner Janet Hummell with Jim Miller of Hamptons Real Estate Showcase   Town & Country Real Estate Director of Technology Chris DiPetta and guest

Town & Country Real Estate agents Marguerite Davidowicz and Kim Slater   Town & Country Real Estate

Town & Country Real Estate East Hampton Office

 

 

    

    

Hamptons & North Fork Commercial Real Estate Market Is Strong

Thursday, January 14th, 2016

The Hamptons and North Fork commercial real estate marketplace was very strong in 2015 in all categories — Sales in Village Business District Retail, Fringe area retail/office, Commercial / Industrial, and leasing overall.

 

Outside investors, primarily Manhattan real estate owners and in recent years hedge fund investors, continually seek village buildings to purchase but the owners do not want to sell. Rent rolls are high and they have seen considerable appreciation. It does not make sense for them to sell at a reasonable price, hence a stalled market.

 

Retailers have increased interest in Montauk, Sag Harbor, Amagansett, and Bridgehampton with limited sites available to lease. This has therefore increased the rates in these markets. East Hampton and Southampton remain strong as the key areas national retailers seek out. We are however seeing a weakness in East Hampton as rents have increased to a point making the cost of doing business too high for many.

 

Most restaurant sites were either sold or leased in 2014 and 2015 including Moby's, Momi Ramen, Fresh, Winston's, Wolffer Sag Harbor, and Baron's Cove Restaurant to name a few. While there are always restaurants for sale — there is less inventory than in past years. But with the life span of the average East End restaurant short – that will probably change by next year, as the average lifespan for new restaurants opening is about three years.

 

The most sought after sites are the Commercial/Industrial ones. Landscape and pool companies are the major buyers of these sites in the last couple of years with a current lack of inventory. Major builders have also purchased highway builders to make their presence and strength known such as Farrell, Michael Davis, and Landscape Details to name a few. There are others who have sites in contract and will be making announcement in the near future.

 

The area to watch for 2016 is the North Fork — but more on that next month.