Business

Restoration Anew

    Restoration Hardware, at 69 Main Street in East Hampton, will open its doors on Saturday. The new shop, dubbed the Gallery at East Hampton, will offer “an artful expression of home furnishings in a gallery setting,” according to material from the company, which promises “a complete re-conceptualization of the shopping experience.”

    The store will be open Monday through Saturday from 10 a.m. to 7 p.m. and Sunday from noon to 6 p.m.

Bank Ups and Downs

AMAGANSETT

T. DiMatteo  to G. Tannenbaum and Brittis, 59 Shore Road, .34 acre, April 1, $2,730,000.

M. and M. Weissbach to P. Ribustello and Russell, 268 Main Street, .5 acre, April 1, $1,250,000.

J. Schwagerl to L. Lefkowitz and Gelbart, 50 Meeting House Lane, .48 acre, April 4, $5,850,000.

B. Brickman to J. Reiring, 43 Beach Avenue, .3 acre, April 5, $1,400,000.

EAST HAMPTON

G. Lynch by heir to 182 Springs Fireplace, 182 Springs-Fireplace Road, April 6, $330,000.

Big Drop Is Here

    A favored stop of celebrities like Katy Perry and Eva Longoria, Big Drop is launching its fourth retail fashion boutique, at 66 Newtown Lane in East Hampton, later this spring. It will join the flagship store in SoHo and offshoots on the Upper East Side and in Miami.

The prices below have been calculated from the county transfer tax. Unless otherwise noted, the parcels contain structures.

AMAGANSETT

T. and K. Fagerland to C. Anderson and M. Donohue, 53 Red Dirt Road, 2 acres, March 29, $1,275,000

Braverman and Rosenberg to 66 T.I. Realty L.L.C., 66 Treasure Island Drive, .28 acre, March 22, $2,525,000.

EAST HAMPTON

Residential Mortgage to M. and A. Irvine, 402 Abraham’s Path, .9 acre, March 3, $354,000.

Two more reports issued this week confirmed the decline in East End real estate sales in the first quarter of this year compared to the first quarter of last, though again this may speak more to the high returns spurred by last year’s tax incentives for home buyers than to the state of...

AMAGANSETT

D. Caldwell to Taxi East Real Estate, 159 Atlantic Avenue, .3 acre, Mar. 10, $1,875,000.

EAST HAMPTON

E. and G. Crane to M. Baldinger, 56 Huckleberry Lane, Mar. 4, $800,000.

M. Braverman to G. Fitzgerald, 103 Swamp Rd, 3.97 acres, Mar. 16, $1,200,000.

D. Falborn to E. Carney, 19 Country Lane, .46 acre, Mar. 11, $570,000.

MONTAUK

L., S., R., and T. Hott and Trust to E. and L. Cahill, 90 Soundview Drive, .57 acre, Feb. 19, $990,000.

Bank Announced Loss

    Suffolk Bancorp, the parent company of Suffolk County National Bank, announced a loss for the first quarter of 2011, with a loss-per-share of $1.33, in comparison to earnings of 16 cent during the same period last year. The net loss was $12.8 million, compared to the net income in 2010’s first quarter of $1.53 million, according to a press release issued by the company last week.

The prices below have been calculated from the county transfer tax. Unless otherwise noted, the parcels contain structures.

AMAGANSETT

Chicago Title Insurance to N. Macray, 46 Montauk Highway, .4 acre, March 9, $3,500.

EAST HAMPTON

G. Lacinski and C. Pagoota to J. McCue, 28 Miller Lane, .13 acre, Dec. 15, $550,000.

M. and M. Brandt to D. Floyd and D. Bernard, 3 Wigwam View Lane, .4 acre, March 4, $650,000.

M. Jones Trust to Flex Development, 57 Edwards Hole Road, .58 acre (vacant), March 3, $231,975

MONTAUK

Real estate endured a significant drop-off on the East End in the first quarter of 2011, compared to the same period last year, data from two sources show.