Billionaire hedge fund manager Philip Falcone and his wife Lisa Maria have agreed to pay $700,000 to rent Stone Meadow Farm- that’s $300,000 less than the original asking price- the 18,000 square-foot property in East Hampton, NY for the summer months.

The Bobbies will be concerned with a handful of automotive grandeur leisurely ripping through the streets of London this summer. It is known that at each year’s solstice, a fleet of sheikh oil tycoons escape their scorching domiciles for repose in the city. Too bad their form of relaxation lies in the speed of their extraordinary sports cars, which they have no difficulty trekking through plush-deluxe neighborhoods, fully equipped with vexed residents ready to defend against the unconcerned racers.

Continuing its popular movie night tradition, the famed Soho House in West Hollywood screened the new film “Balls to the Wall” last night. Guests included Director Penelope Spheeris and film cast Mimi Rogers (Lucky), Melissa Molinaro (Honey 2), Jenna Dewan-Tatum (The Playboy Club.)

This property is comprised of 100 ft. of ocean frontage and is nearly 400 ft. deep. The flora hedge provides privacy and seclusion. This seaside home sits high upon the dune and offers uninterrupted views of the ocean. Vibrantly painted and decorated with classic and island tones, this home has both quality and charm and is located in prestigious Indian River Shores, close to shopping and dining.

Six bartenders in the Hamptons are in some hot water this summer after being arrested over the weekend for serving alcohol to minors. Hailing from three different bars – Dream nightclub in Hampton Bays, Nello Summertimes, and 75 Main in Southampton Village – the bartenders were the subjects to a series of undercover crackdowns on underage drinking at Hamptons hotspots.

World Oceans Day 2011 was held earlier this month and on Thursday June 16, La Mer and Oceana honored our world’s oceans by hosting a private celebratory brunch at Saks Fifth Avenue.

Director Michael Bay does it again with his 3rd installment of the popular Transformers franchise Dark of the Moon.

After being purchased by Blackstone four years ago, the Waldorf-Astoria is getting an elegant update. The renovations are rumored to cost hundreds of millions of dollars.

Now well into the "Hamptons Season", vacation-seeking New Yorkers are no stranger to the weekend traffic that lines the Long Island Expressway. But those desperate for a way to bypass the traffic and get themselves to the Hamptons' sunny shores sooner have opted for a more luxurious mode: private jet.

We're beginning to feel the Dubai heat. As we do, we easily reach for a nice cool frozen drink at the end of the day. Refresh, relax and cool down at these hip cocktail bars.

Dubai One's TV anchor and author of Faces of the Middle East Hermoine Macura displayed her photographic work at EPIC, the UAE's first Sustainable Living Exhibition. This unique consumer lifestyle show featured a range of eco-friendly activities and brands which promote a sustainable and healthy lifestyle.

The famous red and black leather jacket that Michael Jackson wore while dancing with the zombies in the famous video for “Thriller” was sold for $1.8 million at auction.

With all of the new wealth blossoming across Asia, it is hardly surprising that China has surpassed the United States as the biggest auction market for art and collectables after auction sales more than doubled in only one year. According to the French Auction Market Authority, sales in China – including Hong Kong – leapt 137% in 2010 to a whopping $10.8 billion.

This past weekend, I attended the birthday party of my dear friend Drew katz. His 40th birthday bash was thrown by his mother and father. Walking into the venue, the entrance was lined with trees to make party guests feel as though they were entering a jungle- such a unique touch!

Last weekend, Mike Piazza finally found a buyer for his Tribeca apartment. The open concept, light-filled duplex boasts sleek lines, sweeping river views, three outdoor spaces and such built-in architectural highlights as a steel staircase that is literally suspended in midair like a work of modern art.

Built in 1931 by early Laguna Beach craftsmen, this unique three bedroom English Revival cottage has been gently restored to its original beauty. Located on the ocean-side of PCH in a preferred North Laguna location near Fisherman’s and Shaw’s Coves, the home features panoramic views from the second story extending from Catalina south to Dana Point, including Heisler Park and city lights.

As Asia continues to see a rise in wealthy citizens, A. Lange & Söhne has opened their fifth and latest boutique in the heart of Hong Kong to cater to an ever-growing demand for luxury timepieces. Following their Dresden, Shanghai, Tokyo, and Seoul locations, the brand hails from Saxony with a line of exceptional and precisely crafted timepieces that have captured the interest of horology enthusiasts the world over – most recently in Hong Kong.

When chef George Mavrothalassitis hired Paul Feng — who has worked at Wolfgang Puck's famed San Francisco restaurant Postrio and at the now-closed Tabla in New York City — as chef de cuisine, he allowed him to create a new menu for the restaurant.