Long Island News
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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.
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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.
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New York’s Suffolk County, home of the Hamptons beach towns, was short $722.65 on April 15 on an interest payment for its municipal bonds because of a clerical mistake rectified one day later.
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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.
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Donald R. Mullen Jr., who helped Goldman Sachs Group Inc. profit from the U.S. housing crash, is giving the firm and its clients a way to gain from the recovery.
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The average price for regular gasoline at U.S. pumps fell 11.04 cents a gallon in the past two weeks to $3.5363 a gallon, according to Lundberg Survey Inc.
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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.
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The New York Knicks are a tougher ticket than Brooklyn’s Nets as New York becomes a two-team National Basketball Association playoff city for the first time.
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The following is the text of the Federal Reserve Board’s Second District-- New York.
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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.
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