East Hampton may be home to some of the richest people around, but the town itself is on the verge of bankruptcy. It's now facing an $18 million deficit by the end of the year, partly because most of the officials responsible for managing the town's finances over the past few years have turned out to be crooks. (In…
• Frank Cassou—the general counsel and executive VP of NextWave Wireless who found himself in the hot seat when shares of the company plummeted and a wave of shareholder lawsuits followed—has gone into contract to sell his 18-foot-wide townhouse at 57 East 78th Street. The 4,600-square-foot manse, which he and his…
Ron Perelman already has a hand in the restaurant business: He's an investor in Graydon Carter's Monkey Bar and he also happens to own the building that houses Carter's Waverly Inn. But he has a new venture in the works! He's reopening the Blue Parrot, the margarita bar/restaurant in East Hampton that's been closed…
• Kelly Killoren Bensimon isn't having much luck unloading her 2,800-square-foot home in East Hampton, which she put on the market for $14.5 million two years ago and was most recently offering for $10.9 million. The Further Lane estate has now been taken off the market, although Bensimon hasn't given up hope on…
• The 25-foot-wide townhouse at 11 East 82nd Street, which was purchased up by billionaire Ron Perelman as a home for one of his executives back in 1996 and was later bought by private investor Keith Gollust, has been reduced for a second time since hitting the market in February 2008 for $40 million. Most recently…
It seems the East Hampton town board has followed through on its threat to sue Ron Baron, the dune-destroying billionaire who installed an 800-foot concrete barrier on his 40-acre Further Lane property last year and has been battling the local authorities ever since. The Post reports that Baron has been ordered to…
• Goldman Sachs co-president Jon Winkelried (left) has cut the price of his waterfront mansion in Nantucket. Originally purchased for $7 million in 1999, Winkelried put the home on the market for $55 million in October 2008. He's now lowered the price to $38.5 million. [WSJ]
• A. Robert Towbin, a managing director…
It's been nearly two months since the town of East Hampton first began its crusade against Ron Baron, the investor accused of razing the 3,000-year-old dunes on his 40-acre beachfront property without obtaining the proper permits in advance. At the time, East Hampton threatened Baron with a $500-a-day fine until the…
How do you get half of the Hamptons to hate you instantly? Destroying the 3,000-year-old sand dunes on your property is a good way to start. Billionaire fund manager Ron Baron now stands accused of razing part of the beachfront property he purchased in May 2007 when he spent a record $103 million for 40 acres of…
You may recall that back in July, social scenester Arden Wohl was arrested in East Hampton after she allegedly stole a few items from the Ralph Lauren outpost in East Hampton and printed words "Ralph Lipshits" [sic] in red lipstick on the exterior of the store. She was given a court date of August 28 to answer for…
East Hampton is broke, apparently: "The town is likely to end the year with a $12 million deficit and in recent weeks, it had only $900 in its bank account and barely made its payroll." [NYP]
Half of us finally gave in, sucked it up, and headed out to East Hampton this past weekend. (Really, we went for the 7 different Calypso storefronts — the block on Broome street simply isn't enough!) We deflowered ourselves only because of Manhattan's insufferable heat; the major lure of this eastward excursion was…
