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Falcone's Nest

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Flamboyant hedge-funder Philip Falcone has inked a deal to rent an 8-acre farm in East Hampton this summer for $700K. That works out to $65K per week, and, as Curbed Hamptons notes, is a serious discount on the $125K per week Mariah Carey paid for the pad in 2008. A surprising fit of (relative) thriftiness from Falcone, who dropped $49M on an NYC townhouse at the height of the recession. [Curbed Hamptons; Curbed NY]