• Want to rent Rick and Kathy Hilton's house in Water Mill for the summer? The 10,000-square-foot, six-bedroom home, which the Hiltons purchased for $2.385 million in 1999, is currently listed for $400,000 for season. [Newsday]
• Flavio Briatore, the Italian mogul and Heidi Klum's baby daddy, has put his apartment at the Plaza up for rent for $65,000 a month. It's not the only property he has on the market: He's been trying to unload a penthouse at One Beacon Court for $25 million since September. [NYT, Domus]
• George Hirsch, the founding publisher of New York who paid $2.7 million for an apartment at 111 Central Park North in 2007, has sold his former home at 246 East 32nd Street for $2.88 million. [Cityfile]
• The 10,000-square-foot mansion at 54 East 64th Street, which was once home to the offices of the Observer, has undergone a $9 million price cut. It's now listed for $27 million. [NYO, Sotheby's]