Evening Links: Hot Summer in the Hamptons; Safest REITs; Tornado Debated

Hamptons real estate market hot this summer like it was 2007. (Reuters)

Clipper Equity pays $72 million for Upper West Side apartment building, in one of the biggest sales this year. (Real Deal)

Walter Forbes, chairman of Cendant Corporation and securities fraud mastermind, sells Connecticut mansion for $7 million. (NYT)

Mosque developer agrees to pay $200,000 in back taxes. (WSJ)

Four New York REIT’s with solid balance sheets. (The Street)

Authorities still deciding if last night’s storm was a tornado. (Daily News)

Evening Links: Hot Summer in the Hamptons; Safest REITs; Tornado Debated