In the Hamptons, former Lehman Brothers Holdings Inc. president Joe Gregory has cut the price of his summer house by 14% to $27.9 million.
Mr. Gregory first put the 9,500-square-foot oceanfront home in Bridgehampton, N.Y., on the market last summer. On 2.5 acres, the three-year-old shingled home has eight bedrooms. There's a swimming pool and more than 200 feet of ocean frontage. The listing agent is Michael DeSario of Corcoran Group.
Meanwhile, another former official at Lehman, former chairman and chief executive Richard Fuld Jr., briefly offered for sale his cooperative apartment on New York's Park Avenue for $32 million, before withdrawing the offer this week. The 6,200-square-foot apartment, never officially listed, was handled by Kathryn Steinberg of Brown Harris Stevens.
