“Sometimes I get the urge to exercise,” the famously rotund basketball coach Frank Layden once said, “but I lie down and it passes.” Sometimes I get the urge to write about good things happening in real estate. But I think for a moment and it passes. There is just too much foolishness going on. Today’s example comes from Long Island’s North Fork. We’ll start with the good news. Nearly every hospitality site on this bucolic peninsula has been upgraded in recent years. Longtime owners and new investors — mom-and-pops, private equity funds, even the magnate Stefan Soloviev — are capitalizing […]

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