via hamptons.guestofaguest: The Music To Know festival, coming to East Hampton in mid-August, has announced their line-up! Some 9,600 concert goers will have the pleasure of hearing Cold War Kids, Matt and Kim, M. Ward, Chromeo, Vampire Weekend and more. We’ve got details… MORE>>>
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via hamptons.guestofaguest.com: Entertaining the idea of experiencing how New Yorkers do summer? Of course you haven’t actually made moves to make this happen since we LA’ers are incapable of planning in advance and assume things will just work out (and we’re almost never wrong). So here are some last minute options to scoring a summer house in the Hamptons. MORE>>
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Over a year ago, at the height of the campaign to Hate on Goldman Sachs, Lloyd Blankfein issued an edict to employees: “do not be seen living high on the hog.” As a partner, Richard Kimball knew he had to set an example for the younger guys and girls and followed Blankfein’s demands to a tee. When he threw “a series of” topless parties in the Hamptons, he did so in the privacy of his Southampton rental. When he enjoyed the company of some lady friends following his divorce from Pete Peterson’s daughter Holly, he did so in the elevators of his building on Jane Street. And when he threw an alleged “naked-themed” Halloween party this October, we’re told it went down at a “secret location” not disclosed to guests until 10PM that evening. Basically, he’s showed the utmost of discretion, demonstrating to the rest of the firm how you show people a good time without making a spectacle. And yet.
According to the Post, Goldman has been considering de-partnering the Kimballer, a painful process that brings mental anguish and shame on the de-balled. Fingers crossed this is a vicious, baseless rumor, and that Lloyd and Co do the right thing.
Article courtesy of Dealbreaker
As previously discussed, Goldman Sachs MD Richard Kimball is known for throwing great parties. And at the request of his firm for employees to keep a low profile, he’s taken care to keep his bashes, private, whether they’re topless pool parties in the Hamptons or naked themed get-togethers in the elevator. Still, the stiffs in his building at 99 Jane Street decided they were too good for the Kimballer and have not renewed his lease, which ends on Halloween. Luckily, Rick has found a new home, not run by buzz kills.
After touring many hot properties, new Knick Amar’e Stoudemire has scored a coveted $37,500-a-month, five-bedroom penthouse rental in the West Village. The condo, once listed for sale at $16.5 million, is 4,500 square feet inside, with another 4,500 square feet of terrace space. Stoudemire, we hear, loves the high ceilings and river views. Stoudemire nabbed the plush pad after the current tenant’s lease wasn’t renewed, says broker Michael Bolla. That tenant is Goldman Sachs exec Richard Kimball Jr., a divorced dad whose ex-wife is Holly Peterson, author of “The Manny” and daughter of billionaire Pete Peterson….Kimball he has found a new place and that Stoudemire is slated to move into the penthouse in January. “Kimball found another place to live,” one source says. “It wasn’t hard to do. He has a lot of money.”
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Time was, East Hampton could count on the guys taking home enormous packages at year-end to buy up its inventory of multi-million dollar homes. They’d come to a mutual understanding, if you will. Now, due to the bloody financial crisis, some people aren’t holding up their end of the arrangement. Whereas prior to the whole shit hitting the fan “incident,” traders and similarly compensated financial services employees would roll in town and pay cash for some $45 million, 18-bedroom spread, now outhouse pictured at left can’t even sell. So you don’t know if you’re going to have a job in 2011 let alone if your bonus will be anything to write home about, so what??? We had an agreement. You selfish pricks.
Eleven Hamptons homes sold for $5 million or more in the third quarter, compared with 20 a year earlier, Jonathan Miller, the president of Miller Samuel said. The median price for luxury properties, defined as the top 10 percent by price, dropped 14 percent in the Hamptons and Long Island’s North Fork to $3.7 million.
“I see the East End as joined at the hip with Wall Street,” Miller said. “Going forward, that’s a concern. The next couple of quarters are not quite clear at the moment.”
Three other reports this week also showed decreases in Hamptons prices in the third quarter. New York brokerage Brown Harris Stevens said in a report today that the median price fell 16 percent from a year earlier to $753,750. About 67 percent of all sales were for homes under $1 million, said Gregory Heym, chief economist at Terra Holdings LLC, which owns Brown Harris.
Hamptons Home Prices Fall as Buyers Seek Lower-Priced Retreats [Bloomberg]
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$$$ Bernanke Defends Record On Lehman
[WSJ]
$$$ Obama’s Too Small Steps On The Economy [TDB]
$$$ Paolo Pelligrini: The US Continues To Dig Its Hole Deeper [BI]
$$$ Bedbugs Make Selves Home In Greenwich [GT]
$$$ Russian Girls Invade Hamptons In Hopes Of Becoming Trophy Wives [TDB]
Article courtesy of Dealbreaker
$$$ Bernanke Defends Record On Lehman
[WSJ]
$$$ Obama’s Too Small Steps On The Economy [TDB]
$$$ Paolo Pelligrini: The US Continues To Dig Its Hole Deeper [BI]
$$$ Bedbugs Make Selves Home In Greenwich [GT]
$$$ Russian Girls Invade Hamptons In Hopes Of Becoming Trophy Wives [TDB]
Article courtesy of Dealbreaker
$$$ Judge Won’t Approve Citi-SEC Pact [WSJ]
$$$ Buffett’s push for pledges lands in Chicago [Chicago Tribune]
$$$ Call for Careful Overhaul of US Mortgage Lending [FT]
$$$ Dinner At The House That Ate The Hamptons [WSJ]
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$$$ The hospitality of Wall Streeters has helped a pair of New Zealanders overcome thunderstorms and a broken-down van on their quest to play golf at a different course every day for an entire year.
$$$ The Hypocrisy Of Dodd-Frank’s Million Dollar Fraud Bounty [CNBC]
$$$ Christie Brinkley has an “extremely optimistic” view of the Hamptons housing market. [WSJ]
$$$ French banks among top winners in Basel revamp [Reuters]
$$$ Chiesi in talks over some Galleon evidence issues [Reuters]
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Cheryl Mercuris, of the Tampa Bay Mercurises, is a recently divorced mother who you can find out in the Hamptons for the next two weeks. She’s looking for a new husband, and lest you think she’s not serious about this task, Mercuris has made a sizable investment in her future, by renting out a home in Bridgehampton for $250,000 a week. Cheryl loves the men she’s met so far (she’s been “mingling with hedge-fund managers and Wall Street lawyers”) because unlike the bums in Florida like, a certain xay usbandhay of hers, these guys are very “career-oriented.” She says she’s not on “a mission” or anything like that but in the event you’re interested, here are the relevant details:
* Mother of a 6 year-old son and a dog, the latter of which is named Louie
* The house she’s staying in comes with a two-lane bowling alley, a squash court, a spa, and a rock-climbing wall, “among other amenities.”
* A “self-made millionaire,” Cheryl is not spending her ex-husband’s money, having “made her own fortune in direct marketing”
* She’s not looking to be your “trophy bride”
* Should things get serious, Cheryl owns a home in the Time Warner Center and might make the permanent move soon
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