Home sales in the Hamptons, the Long Island beach retreat for summering Manhattanites, rose 21 percent in the first quarter, led by lower-priced properties after a year-end selling rush drained the area of luxury deals.
Long Beach, the Long Island shore town still reeling almost six months after Hurricane Sandy, is poised to be the first New York city in three years to get permission to sell debt to fill a spending gap.
There seems to be no end of $100,000 summer shacks to rent in Montauk. But when six figures is more realistic as a target salary than as a 12-weekend spree, it can feel like the only way to get out of New York for more than a day is in the back of a hearse. Still, there are non-fatal alternatives to Eastern Long Island, and most of them are actually better, unless you like sitting in traffic, in which case may we introduce you to Bridgehampton in mid-July.
The Long Island Power Authority is expected to appoint former Consolidated Edison Inc. executive John D. McMahon as chief operating officer, filling an opening created after the agency was criticized for its Hurricane Sandy response.
Joseph Lhota was Rudy Giuliani’s deputy on Sept. 11 and head of the agency that brought back the subways after Hurricane Sandy. He says that makes him the most qualified candidate to keep New York City from reverting to the days of crime and dysfunction.