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Jun 11 2007 1:57PM EDT

Happy Seller

robbins-large.jpg
Photograph by Patrick McMullan/PatrickMcMullan.com

Liz Robbins, above, the president of an eponymous Washington lobbying and public affairs firm, sold her oceanfront home in East Hampton to Leslie Alexander, the owner of the Houston Rockets N.B.A. team for $15.5 million. (Brokers: Bryan Midlam and Raymond Smith, Prudential Douglas Elliman).

According to the Forbes 2006 Richest Americans list, Alexander (rank #322) is worth $1.32 billion.

by Deborah Schoeneman

Condé Nast Portfolio contributor Deborah Schoeneman, who is also editor in chief of Hampton Style, reports on executives in the Hamptons.

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