Business

Off-premises catering companies on the South Fork are welcoming Gov. Kathy Hochul’s signing, on Dec. 20, of legislation to close a loophole that previously restricted them from obtaining liquor licenses. Now, they will be able to apply for permanent catering permits that will ultimately enable them to add liquor, and sales of alcohol in general, to the “approved” list.

Read all about it, new real estate transactions.

The latest reported real estate transactions across the South Fork.

It might be the shortest tally of South Fork real estate transactions ever.

Industry watchers, look here for the latest moves in South Fork real estate.

Praise the mozzarella sticks and pass the pool cue! The Sail Inn in Montauk’s dock area has been sold to the mother-son team of Colleen Croft and Luca Guaitolini, who also own the upscale Upper East Side restaurant Elio’s, but the new owners say they are not planning to go luxe on the longtime locals’ joint on West Lake Drive when it reopens in the spring.

Real estate, wall-to-wall real estate.

Sizable transactions in Amagansett lead the weekly list.

The latest in South Fork real estate transactions.

The surge in housing demand created by Covid and urbanites’ desire to have a safe retreat outside of the city has finally started to cool, according to the most recent report by Town and Country Real Estate. Rising interest rates and the rising cost of renovations due to a tight labor market and inflation are playing a role.

It was a quiet week in Real Estate Land.

Dockside Bar and Grill, which is closing for the year on Sunday, will also be taking a bow. It was officially announced on Thursday that Stacy Sheehan and Elizabeth Barnes, the owners of the much-beloved Sag Harbor eatery, have sold the business to Eric Miller and Adam Miller and the developer Adam Potter.