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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Earnings Dive at Barnes & Noble Education in Q2

A 22% decline in sales in its retail division led to a 79% drop in net income at Barnes & Noble Education in the second quarter ended October 31, 2020, compared to last year. Textbook sales fell and general merchandise revenue took a big hit. Continue reading at Publishers Weekly

[ Publishers Weekly | 2020-12-08 05:00:00 UTC ]
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This Is Barnes & Noble’s Book of the Year for 2020

Get to know about WORLD OF WONDERS, the 2020 Barnes & Noble Book of the Year. Continue reading at Book Riot

[ Book Riot | 2020-12-04 13:00:00 UTC ]
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Barnes & Noble says shopper info may have been taken in hack

Barnes & Noble said the personal information of its shoppers may have been stolen after its computer systems were hacked Continue reading at ABC News

[ ABC News | 2020-10-15 15:58:05 UTC ]
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Barnes & Noble warns customers about cyberattack in new email alert

The company said that email addresses, physical addresses, and phone numbers were all potentially exposed, although payment information is said to be safe. Soon after Barnes & Noble apologized for a “serious network issue” that affected some users of its website and people trying to load... Continue reading at Fast Company

[ Fast Company | 2020-10-15 14:16:35 UTC ]
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Barnes & Noble hit by cyber attack

Barnes & Noble has been the victim of a cyber attack that saw hackers access systems containing email, shipping and billing addresses alongside phone numbers. Continue reading at The Bookseller

[ The Bookseller | 2020-10-15 11:17:23 UTC ]
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Barnes & Noble apologizes for ‘serious network issue’ after days-long Nook disruptions

Customers have reported days of disruption to the Nook e-reader service, as well as other systems that the company said have since been restored. After users reported issues with Nook e-reader book access for days, with Barnes & Noble saying Monday that a “system failure” was interrupting... Continue reading at Fast Company

[ Fast Company | 2020-10-14 17:46:15 UTC ]
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Daunt outlines his strategy for Barnes & Noble

Barnes & Noble chief executive and Waterstones m.d. James Daunt has said the two-and-a-half month lockdown in the US was "hugely traumatic" and a "body blow" to employees, but that B&N had used the period to bring much needed changes the US chain's estate. Continue reading at The Bookseller

[ The Bookseller | 2020-09-13 18:36:08 UTC ]
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Bowman takes business development role at Chelsea Green

Anne Bowman has been appointed vice-president of business development and global sales at Chelsea Green Publishing.  Continue reading at The Bookseller

[ The Bookseller | 2020-09-13 17:47:03 UTC ]
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Baltimore’s Inner Harbor Barnes and Noble to close Saturday

The Barnes and Noble bookstore at 601 E. Pratt St. at Baltimore's Inner Harbor will close Saturday, according to a sign posted at the location. Continue reading at Baltimore Sun

[ Baltimore Sun | 2020-08-25 17:48:42 UTC ]
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Barnes & Noble Regroups and Looks Ahead

After the shutdown, layoffs, and a major redesign, the bookseller is reopening its stores in an uncertain book market. Continue reading at Publishers Weekly

[ Publishers Weekly | 2020-07-17 04:00:00 UTC ]
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With Stores Closed, Barnes & Noble Does Some Redecorating

Retail locations shuttered during lockdowns, so the company spruced up hundreds of its stores as the first step in a bigger plan. Continue reading at The New York Times

[ The New York Times | 2020-07-09 19:32:11 UTC ]
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One More Chapter takes seven more from Wake

HarperCollins’ digital first division, One More Chapter, has landed seven new titles by Jules Wake, who also writes as Julie Caplin. Continue reading at The Bookseller

[ The Bookseller | 2020-06-09 05:34:28 UTC ]
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Barnes & Noble Scales Back

Barnes & Noble has now temporarily closed more than 500 stores and furloughed "a large number" of employees across all departments at its company headquarters. Continue reading at Publishers Weekly

[ Publishers Weekly | 2020-04-02 04:00:00 UTC ]
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Barnes & Noble closes 65% of stores

Barnes & Noble has temporarily shut approximately 65% of its stores following the coronavirus outbreak in the US. Continue reading at The Bookseller

[ The Bookseller | 2020-03-26 09:54:48 UTC ]
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Barnes & Noble warns of potential cuts if stores close due to coronavirus

Barnes & Noble boss James Daunt has sent a letter to staff warning of potential lay offs if stores are closed due to the coronavirus. Continue reading at The Bookseller

[ The Bookseller | 2020-03-20 01:04:03 UTC ]
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Barnes & Noble Reverses Course on Redesigned Book Covers

The bookseller planned to promote classic novels with covers featuring people of color for Black History Month. Critics accused it of “literary blackface.” Continue reading at The New York Times

[ The New York Times | 2020-02-05 23:31:49 UTC ]
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Enter to Win a $50 Gift Card to Barnes and Noble!

To win a $50 gift card to Barnes and Noble, just sign up for Daily Deals, our newsletter that rounds-up the ... Continue reading at Book Riot

[ Book Riot | 2020-01-02 11:31:55 UTC ]
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James Daunt at FutureBook Live: Barnes & Noble’s ‘Crucifyingly Boring’ Stores

Seeing Barnes & Noble stores' character 'crushed' by the corporate 'opulence' of American business, James Daunt says the chain must 'rip out the boring.' The post James Daunt at FutureBook Live: Barnes & Noble’s ‘Crucifyingly Boring’ Stores appeared first on Publishing Perspectives. Continue reading at Publishing Perspectives

[ Publishing Perspectives | 2019-11-25 05:05:12 UTC ]
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US trade urges Daunt to be independent in spirit to revive ailing Barnes & Noble

After Elliott Advisors’ takeover of Barnes & Noble in August, the firm sought the man who turned Waterstones around to right its US acquisition. But what exactly is in James Daunt’s in-tray in New York? Continue reading at The Bookseller

[ The Bookseller | 2019-11-08 05:47:49 UTC ]
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Barnes & Noble Will Seek to Dismiss Ex-CEO’s Defamation Claim

If successful, the move for summary judgment would narrow the scope of any future trial, B&N attorneys say, and more importantly knock out a claim for which former CEO Demos Parneros is said to be seeking roughly $70 million in damages. Continue reading at Publishers Weekly

[ Publishers Weekly | 2019-10-22 04:00:00 UTC ]
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