Amid Mounting Legal Woes, Alec Baldwin Cuts Price on His Longtime Hamptons Home
The actor, who is now facing involuntary manslaughter charges over the fatal shooting on a movie set, just trimmed the price to $24.9 million
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Actor Alec Baldwin dropped the price of his Hamptons estate by more than $4 million last week, just days before it was announced that he will be charged with involuntary manslaughter for the fatal shooting of cinematographer Halyna Hutchins on the set of the movie “Rust.”
On Thursday, prosecutors in New Mexico announced that Mr. Baldwin, a producer and lead actor in the Western film, will be charged with two counts of involuntary manslaughter. He was handling the gun that discharged, killing Hutchins and wounding the movie’s director, Joel Souza, on Oct. 21, 2021.
Mr. Baldwin’s multi-acre compound in Amagansett first hit the market in November with a $29 million sticker price. Last week, the ask was trimmed to $24.9 million.
At the centre of the estate is a more than 10,000-square-foot modern farmhouse. “Every detail of this impeccable two-story cedar shingle retreat has been curated to maximise indoor/outdoor space and utilise natural light throughout the year,” said the listing with Scott Bradley of Saunders & Associates.
The four-bedroom home boasts features including an eat-in kitchen, a movie theatre, a wine tasting room and a wood-panelled library. Plus there’s covered porches and two balconies that overlook the surrounding nature reserve.
Outside, a custom pavilion with a fieldstone fireplace is joined by a gunite pool and spa, as well as a fenced vegetable garden.
“This is a once in a lifetime opportunity to own an iconic 10-acre Amagansett estate,” Mr. Bradley told Mansion Global over email. And for potential buyers in need of a little more space, they “have the right to build another home, creating an uncompromising multi-home compound which is unheard of anywhere in the Hamptons today.”
Mr. Baldwin, 64, has called the pastoral spread home since 1996, when he purchased it for $1.75 million, listing records show.
In addition to charges against Mr. Baldwin, Hannah Gutierrez-Reed, the film’s armorer, will also be charged with two counts of involuntary manslaughter. Like Mr. Baldwin, she denies any wrongdoing in the incident.
Dave Halls, the assistant director who handed Mr. Baldwin the gun, signed a plea agreement “for the charge of negligent use of a deadly weapon,” the district attorney’s office said Thursday.
“This decision distorts Halyna Hutchins’s tragic death and represents a terrible miscarriage of justice. Mr. Baldwin had no reason to believe there was a live bullet in the gun—or anywhere on the movie set,” Luke Nikas, a lawyer for Mr. Baldwin, said in a statement. “He relied on the professionals with whom he worked, who assured him the gun did not have live rounds. We will fight these charges, and we will win.”
The Emmy award-winning Mr. Baldwin, who couldn’t immediately be reached for comment, is best known for his role in films like “The Hunt for Red October” and “The Departed.” His TV resume includes a starring role in the sitcom “30 Rock” and most recently he regularly portrayed Donald Trump on “Saturday Night Live.”
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Strong consumer spending and tight supply have driven retail to the top of commercial property, but signs of pressure are starting to emerge.
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Australia’s retail property sector entered 2026 as the strongest performing commercial asset class, but rising geopolitical risks and cost pressures are beginning to test its resilience, according to new research from Knight Frank.
The latest Australian Retail Review shows the sector rode a wave of consumer spending and constrained supply through 2025, delivering total returns of 9.2 per cent and driving transaction volumes up 43 per cent year-on-year to $14.4 billion.
That momentum carried into early 2026, with around $3.6 billion in deals recorded in the first quarter alone.
“Retail clearly emerged as the standout commercial property performer in 2025,” said Knight Frank Senior Economist, Research & Consulting Alistair Read.
“Improving household spending, limited new supply and stronger leasing fundamentals combined to drive better income growth and renewed investor confidence in the sector.”
Spending rebound drives retail strength
A lift in household spending has been central to the sector’s performance. Consumer spending rose 4.6 per cent year-on-year to February 2026, supported by easing inflation and improving real incomes.
That shift flowed directly into retailer performance, with average EBIT margins across major retailers rising to 8.9 per cent in the first half of 2026, their strongest level in several years.
“Stronger consumer spending was critical in restoring momentum to the retail sector,” Mr Read said.
“Retailers have generally been better able to absorb costs, rebuild margins and support sustainable rental outcomes, particularly in higher-quality centres.”
Improved trading conditions also pushed leasing spreads up 4.2 per cent in 2025, reinforcing income growth and supporting capital values.
Geopolitical tensions begin to bite
But the outlook has become more complicated. The report warns that escalating conflict in the Middle East and its impact on fuel prices, supply chains and interest rates could weigh heavily on consumer spending.
“Higher fuel prices, flow-on cost pressures across supply chains, and recent interest rate increases are collectively squeezing household budgets, and early consumer sentiment data suggests confidence is already softening,” Mr Read said.
“While household balance sheets remain generally resilient, heightened uncertainty over future costs is likely to weigh on spending — particularly in discretionary categories — in the months ahead.”
The impact is already being felt in investment activity. While the year began strongly, transaction volumes slowed in March as investors paused amid the uncertainty.
“Early indicators suggest elevated uncertainty has already begun to affect the market. While retail investment enjoyed its strongest start to a year in a decade, with nearly $3 billion transacted by the end of February, activity stalled in March, as investors took a pause amid elevated uncertainty,” Mr Read said.
Solid foundations support medium-term outlook
Despite the near-term headwinds, Knight Frank maintains that the sector’s underlying fundamentals remain strong. Limited new supply, high construction costs and population growth are expected to continue supporting rental growth over the medium term.
“Retail has entered this period of uncertainty from a position of strength,” Mr Read said.
“Supply-side constraints, population growth and improving income fundamentals remain powerful structural supports for the sector.”
The report highlights several trends shaping the year ahead, including steady yields as interest rates rise, mounting pressure on tenant margins, continued outperformance of prime centres, the growing need for logistics integration, and risks linked to underinvestment in capital expenditure.
For now, retail remains a sector with momentum, but one increasingly at the mercy of forces far beyond the shopping centre.
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