Press Releases

New York Post - August 7, 2008
Middle East End? Hamptons brokers are buzzing about a possible mega-deal on the East End. Sources say a Middle Eastern investor, who's been traveling with an entourage, is considering the purchase of both the 115-acre Two Trees Farm in Bridgehampton (featured in this column last week) and the adjoining 60-acre Three Ponds Farm. The two properties have a combined price tag of $163 million. "Residents in the area were surprised by the motorcade of black SUVs carrying the men in their native garb," says one insider. Two Trees, listed at $95 million and owned by developer David Walentas, is the site of the Bridgehampton Polo Club, while Three Ponds, featuring a private USGA-approved golf course, is owned by Cheryl Gordon Krongard. Two Trees broker Tim Davis denied such a deal was afoot; Three Ponds agent Susan Breitenbach had no comment.