A chapter ends as a Barnes & Noble heiress takes a loss on her Chelsea penthouse

The story of the sale of a bookstore heiress’s penthouse seems to have ended on a bittersweet note.Stephanie Riggio Bulger, whose father, Len Riggio, is the former chairman of the Barnes & Noble retail chain, has finally found a taker for her four-bedroom duplex condo in Chelsea after two years of marketing it, according to a deed that appeared Wednesday in the city register.But the closing price of $10.5 million is far below the $20 million Bulger and her husband, Mike, sought in 2022, when they first listed the unit, a 3,800-square-foot spread at 455 W. 20th St. on the campus of the General Theological Seminary.In fact, the price represents an almost 15% loss relative to the $12.2 million the couple paid for the penthouse in 2014, when they bought it from the condo’s sponsor, the developer The Brodsky Organization.With four baths, a 615-square-foot great room with southern views and a fireplace, and 900 square feet of terraces, the apartment appears well appointed. But the unit came to market the same year the Federal Reserve began raising interest rates in a bid to curb inflation, which had the effect of elevating mortgage costs and chilling the housing market.The buyer, who used a shell company, 445 West 20th Street PH LLC, paid in cash for the unit, which went into contract July 3 and closed Aug. 15, according to the register. Representing the buyer was attorney James Kennedy, a partner at the firm Wilk Auslander, who did not return an email for comment. And... Continue reading at 'Crains New York'

[ Crains New York | 2024-08-22 15:41:31 UTC ]

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‘Publishing these books is a risk’: Taiwan’s booksellers stand up for democracy

Detention of publisher Li Yanhe in China for ‘endangering national security’ has sent chills through island’s literary communityIn a bookstore near one of Taipei’s leading universities, Zeng Da-fu and his wife work quietly into the evening. Zeng has run this store for decades, tucked in a... Continue reading at The Guardian

[ The Guardian | 2023-04-29 02:00:23 UTC ]
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Ann Patchett: Author, Bookstore Owner, and BookTok Influencer

“I have only the vaguest understanding of what TikTok is,” Patchett insists. And yet she and her bookstore, Parnassus Books, have become microcelebrities on the app thanks to the shop's savvy marketing manager, Sarah Arnold. Continue reading at Publishers Weekly

[ Publishers Weekly | 2023-04-28 04:00:00 UTC ]
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What Will the Bookstore of the Future Look Like?

With all the challenges that the book publishing industry currently faces, what will the future bookstore look like? Continue reading at Book Riot

[ Book Riot | 2023-04-19 10:35:00 UTC ]
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Bookworm in a Chrysalis: How Language Acquisition Nourishes a Love of Literature

The publishing party for my first book was held in the bookstore I used to work at. My book was piled on the table. People with flowers, people with cups of wine, people who didn’t understand Icelandic all filled the store. I felt like it was my birthday. Ten days earlier, I’d been awarded the […] Continue reading at Literrary Hub

[ Literrary Hub | 2023-04-19 08:52:49 UTC ]
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“But Where’s Its Anus?” On How We Imagine Alien Lifeforms

I first read Carl Sagan’s Contact and Cosmos in high school, when I was working at a bookstore that let us borrow any book we had at least two copies of on the shelves. I loved them then and was excited to revisit these books in the course of my research for The Possibility of […] Continue reading at Literrary Hub

[ Literrary Hub | 2023-04-18 08:54:28 UTC ]
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Bookselling Spotlight: The Neverending Bookshop

We talk with Annie Carl, founder of the Neverending Bookshop in Edmonds, Wash., a community bookstore that focuses on genre titles and children’s and YA. Continue reading at Publishers Weekly

[ Publishers Weekly | 2023-04-14 04:00:00 UTC ]
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What’s going on with all the empty author signing pics?

In December 2022, author Chelsea Banning had 37 people RSVP “yes” to her book event. On the day, only two showed up. In March 2023, Jamar Perry showed up to his 7 p.m. book event to find the bookstore empty, and figured he would give it another 40 minutes. Still, no one came. This week, […] Continue reading at Literrary Hub

[ Literrary Hub | 2023-04-05 11:57:06 UTC ]
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PW 2023 Bookstore and Sales Rep Finalists Named

The five finalists for PW's 31st Bookstore of the Year and 25th Sales Rep of the Year awards have been selected. Winners will be announced at the U.S. Book Show, which is set for May 22-25. Continue reading at Publishers Weekly

[ Publishers Weekly | 2023-03-28 04:00:00 UTC ]
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Should you subscribe to Amazon Prime in Australia?

Over the last two decades, Amazon has grown from an online bookstore into one of the largest tech brands on the planet. No longer just dealing in paperbacks and printing runs, Amazon now sell everything from TVs to wholefoods to clothing. And a huge part of their business model hinges... Continue reading at PC World

[ PC World | 2023-03-24 03:23:00 UTC ]
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The FBI is spying on a Chicago bookstore because it’s hosting “extremists.”

In FBI documents recently acquired by Unicorn Riot, a left-leaning independent media outlet, Chicago’s worker-owned Pilsen Community Books was said to be a meeting place for “anarchist violent extremists, or ‘AVEs,’ environmental violent extremists, or ‘EVEs’ and pro-abortion extremists.” As... Continue reading at Literrary Hub

[ Literrary Hub | 2023-03-15 16:14:24 UTC ]
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Greenlight’s PLG location is crossing the rainbow bridge.

Park Slope of the east, Prospect Lefferts Gardens, has had its own Greenlight Bookstore since 2016, an addition to the neighborhood that made people feel, We have our own bookstore! All we need, now, is a good place to buy sourdough bread. But in an unfortunate sign of the times, Greenlight has... Continue reading at Literrary Hub

[ Literrary Hub | 2023-03-14 12:56:57 UTC ]
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Greenlight Bookstore to Shutter Location in Flatbush, Brooklyn

After more than 6 years in business, co-owner Jessica Stockton-Bagnulo announced that the location will permanently close on May 14, 2023. Continue reading at Publishers Weekly

[ Publishers Weekly | 2023-03-14 04:00:00 UTC ]
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Co-opening a bookstore is the new driving off a cliff with your bestie.

One day, the friends have had enough with their husbands, their jobs, their lives, and decide to make a break for it. They grip hands, stuff their weapons* into the glove box, and… open a bookstore together. It’s a thing. “Over a drink in the pub one evening, we started to sketch out what our […] Continue reading at Literrary Hub

[ Literrary Hub | 2023-03-08 14:08:31 UTC ]
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Who will buy this little Welsh bookshop, which comes complete with hundreds of books?

Attention book lovers yearning to get out of Dodge: a down-on-its-luck bookstore in the Welsh mining town of Blaenavon (population 6,055) is headed to (online) auction next week, with bidding to open at the low low price of £72,000. Sure, it needs some work. But it comes with all the books, and... Continue reading at Literrary Hub

[ Literrary Hub | 2023-03-01 15:27:18 UTC ]
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Barnes & Noble is stealing the indie shop playbook, and it’s working

James Daunt launched his first indie bookshop in London 33 years ago. The Barnes & Noble CEO is now bringing the lessons he learned to the biggest bookseller in America. If you’re strolling down the Marylebone High Street in London, you’ll stumble across a popular bookstore called Daunt... Continue reading at Fast Company

[ Fast Company | 2023-02-28 04:30:00 UTC ]
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Indigo now says some employee data was stolen in ransomware attack

A ransomware attack compromised the data of current and former employees at Canada's biggest bookstore chain, Indigo Books & Music Inc. says. Continue reading at CBC

[ CBC | 2023-02-24 19:32:50 UTC ]
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Chip Gaines bought Larry McMurtry’s legendary bookstore to… fix up, we hope?

After Lonesome Dove author Larry McMurtry died in 2021, his bookstore in Archer City, Texas, was turned over to the long-term store manager, Khristal Merklin. But as CNN reports, in November 2022, the deed was snapped up by Fixer Upper’s Chip Gaines. Will Gaines tear out the bookshelves and... Continue reading at Literrary Hub

[ Literrary Hub | 2023-02-23 14:27:50 UTC ]
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The best Bluetooth trackers for 2023

If you’ve ever been derailed from an on-time departure by a set of lost keys or misplaced wallet, you’ll benefit from a Bluetooth tracker. These small devices attach to your stuff and use your smartphone to keep tabs on where they are. There aren’t a ton of players in the field yet, but we... Continue reading at Engadget

[ Engadget | 2023-02-22 14:00:28 UTC ]
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Hundreds of People Showed Up to the Grand Opening of Octavia’s Bookshelf

The Black, Indigenous, and people of color-focused bookstore in Pasadena, California opened to customers lined up around the block. Continue reading at Book Riot

[ Book Riot | 2023-02-20 14:38:53 UTC ]
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Wi2023: Long-Awaited Reunions and New Acquaintances in Seattle

The American Booksellers Association's Winter Institute conference convened in Seattle, the first such event since 2020. Four days of events began with city-wide bookstore tours, a meeting of independent publishers and networking receptions. Continue reading at Publishers Weekly

[ Publishers Weekly | 2023-02-20 05:00:00 UTC ]
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