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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Court Approves Barnes & Noble’s Purchase of Tattered Cover

The move marks a swift close for B&N’s $1.83 million acquisition bid for the embattled indie, announced last month, which includes four stores in Denver and will allow Tattered Cover to keep its name and branding. Continue reading at Publishers Weekly

[ Publishers Weekly | 2024-07-31 04:00:00 UTC ]
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Barnes & Noble In-Store Shopping is On the Rise

A new report shows significant increases in Barnes & Noble foot traffic, Amazon may be planning to open department stores, and more. Continue reading at Book Riot

[ Book Riot | 2024-07-02 15:00:00 UTC ]
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Barnes & Noble Education Puts a Wrap on a Turbulent Fiscal 2024

The college bookstore operator closed the fiscal year ended April 27, 2024, with a smaller loss than fiscal 2023, new financing, a new CEO, and a new board. Continue reading at Publishers Weekly

[ Publishers Weekly | 2024-07-02 04:00:00 UTC ]
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Report Finds Customer Traffic Rising at Barnes & Noble

A new report by a market intelligence firm, whose services include store foot traffic analysis, found that customer visits at Barnes & Noble locations have increased every month but one since November 2023 compared to the prior year. Continue reading at Publishers Weekly

[ Publishers Weekly | 2024-07-01 04:00:00 UTC ]
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Barnes & Noble Buys Denver’s Tattered Cover Bookstores for $1.83 Million

Following months of uncertainty, B&N will buy the bankrupt but beloved Denver bookstore chain. The four remaining Tattered Cover locations will continue to operate under that name. B&N anticipates that it will retain a majority of the company's 70 employees. Continue reading at Publishers Weekly

[ Publishers Weekly | 2024-06-18 04:00:00 UTC ]
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Barnes and Noble Nook 9-Inch Lenovo Tablet Review: Affordable and Capable

Barnes and Noble’s cheap new e-reader can also work as a basic, bare-bones tablet. Continue reading at Wired

[ Wired | 2024-06-15 14:00:00 UTC ]
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Barnes & Noble’s Best Books of the Year (So Far)

Barnes & Noble has announced their best books of the year (so far). Grab your TBR and dive into these books spread across 13 unique categories. Continue reading at Book Riot

[ Book Riot | 2024-06-05 13:00:00 UTC ]
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The 2024 Barnes & Noble Children’s & Young Adult Book Award Winners

Check out this year's winners of the Barnes & Noble Children's & Young Adult Book Awards (plus, learn about this summer's reading program for kids!) Continue reading at Book Riot

[ Book Riot | 2024-05-14 12:45:00 UTC ]
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Barnes & Noble Education Strikes New Financing Agreement

For the second time in less than a year, Barnes & Noble Education has reached a last-minute agreement that provides the company with the liquidity it needs to continue to operate. Continue reading at Publishers Weekly

[ Publishers Weekly | 2024-04-17 04:00:00 UTC ]
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24 Titles Compete for Barnes & Noble’s Children’s & Young Adult Book Awards

These 24 picture book, young reader, and young adult books are the finalists for this year's Barnes & Noble Children's and Young Adult Book Awards. Continue reading at Book Riot

[ Book Riot | 2024-03-27 13:10:40 UTC ]
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More Challenges Arise at Barnes & Noble Education

Barnes & Noble Education reported higher sales and lower losses in the quarter ended January 27, 2024, but those results were overshadowed by news that the company continues to struggle to find ways to shore up its financial position. Continue reading at Publishers Weekly

[ Publishers Weekly | 2024-03-14 04:00:00 UTC ]
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This is the Best Book of the Year, According to Barnes & Noble

Barnes and Noble has announced their Book of the Year for 2023 — plus the inaugural winner of their Author of the Year award. Continue reading at Book Riot

[ Book Riot | 2023-11-13 15:03:30 UTC ]
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Barnes & Noble’s Best Books of the Year

Barnes & Noble has released the finalists for their Best Books of the Year. The 12 books include a mix of genres and age categories. Continue reading at Book Riot

[ Book Riot | 2023-11-10 20:12:21 UTC ]
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Barnes & Noble Undergoes a Back-to-Basics Redesign

As the bookstore chain mounts a comeback, it’s breaking a cardinal rule of corporate branding and store design: consistency. Continue reading at The New York Times

[ The New York Times | 2023-10-17 15:29:03 UTC ]
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‘I didn’t think it was possible to be a novelist’: Julian Barnes on literature, loss – and his late friend Martin Amis

The Booker winning author talks about how his most recent work was inspired by Hilary Mantel, and the way the books world has changed since his debut was published more than 40 years agoToo many people have been dying lately,” Julian Barnes reflects over the phone from his home in north London.... Continue reading at The Guardian

[ The Guardian | 2023-09-16 08:00:25 UTC ]
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Barnes & Noble Education Bets It All on a New Model

Having secured financing necessary to allow it to revamp its business for fiscal 2024, B&NE has begun what could be one of the most pivotal school years in its history. Continue reading at Publishers Weekly

[ Publishers Weekly | 2023-09-01 04:00:00 UTC ]
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The Barnes & Noble 50% Hardcover Sale is On Now!

Here's your chance to stock up on hardcovers on the cheap! Barnes & Noble's 50% hardcover sale is on now. Continue reading at Book Riot

[ Book Riot | 2023-08-11 20:01:51 UTC ]
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Barnes & Noble reopening, new stores planned at The Avenue at White Marsh

Barnes & Noble will reopen its bookstore at The Avenue at White Marsh in a redesigned format on July 26, the bookseller announced Wednesday. It's one of several changes and new stores planned for the center. Continue reading at Baltimore Sun

[ Baltimore Sun | 2023-07-19 17:11:00 UTC ]
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Barnes & Noble Workers at Main Brooklyn Store Join Union

After an 88% vote in favor of unionization, the Retail, Wholesale and Department Store Union will represent more than 30 workers at the store when contract negotiations commence this year. Continue reading at Publishers Weekly

[ Publishers Weekly | 2023-06-30 04:00:00 UTC ]
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Barnes & Noble Flagship Store in NYC Unionizes

The third Barnes & Noble store to unionize, the bookstore workers voted 97% in favor of joining the Retail, Wholesale and Department Store Union, citing safety issues, substandard pay and lack of workplace structure. Continue reading at Publishers Weekly

[ Publishers Weekly | 2023-06-08 04:00:00 UTC ]
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