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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Modder gets Android on the Rabbit R1 AI gadget, makes it actually useful

For all the hullabaloo around AI this year, the consumer products that feature AI seem a bit lackluster. They’re either augmenting existing designs (like “AI PCs”) or they’ve flopped hard. Take the Rabbit R1, which was such an instant failure that it made its way into mainstream news.... Continue reading at PC World

[ PC World | 2024-06-10 15:16:41 UTC ]
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Authors drive boom in US marketing demand as they seek help to plug books

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[ The Guardian | 2024-06-07 11:30:48 UTC ]
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Free Children’s Bookstore Opens in Pittsburgh

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[ Publishers Weekly | 2024-06-07 04:00:00 UTC ]
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Barnes & Noble’s Best Books of the Year (So Far)

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[ Book Riot | 2024-06-05 13:00:00 UTC ]
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The Uncles in Minneapolis Celebrate 50 Years of Bookselling Perseverance

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Indigo Shareholders Approve Sale of Canada's Largest Bookstore Chain

By large majorities, Indigo shareholders approved the sale of the Canadian bookstore chain to private equity firms controlled by Canadian billionaire Gerald Schwartz, an Indigo board member and the husband of Indigo founder and CEO Heather Reisman. Continue reading at Publishers Weekly

[ Publishers Weekly | 2024-05-28 04:00:00 UTC ]
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Barnes & Noble Education Cuts Loss on Small Sales Gain

Barnes & Noble Education has released preliminary financial results that showed company revenue rising 1.5% in the fiscal year ended April 27, 2024, and net loss falling to $63 million, from $90 million a year ago. Total sales were $1.57 billion. B&NE expects to receive final approval... Continue reading at Publishers Weekly

[ Publishers Weekly | 2024-05-28 04:00:00 UTC ]
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ABA Reports Strong Financials and Increased Membership for 2024

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Charges dropped against 4 in Toronto Indigo bookstore vandalism

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[ CBC | 2024-05-22 13:48:29 UTC ]
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Inside Reese Witherspoon’s Literary Empire

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Quebec woman mauled in dog attack wins $460K civil case against small town and owner

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Column: L.A.'s only Spanish-language children's bookstore will soon get más grande

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The 2024 Barnes & Noble Children’s & Young Adult Book Award Winners

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Struggling Fifth Avenue landmark Scribner Building gets a new chapter

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At PubU 2024, IBPA Members Consider Distribution and B&N

This year's Publishing University drew 325 IBPA members who heard a keynote address by speakers from IPG and Barnes & Noble who discussed how publishers can work with each company to obtain optimum results. The conference was held from April 26–27 in Denver. Continue reading at Publishers Weekly

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Tomorrow is Indie Bookstore Day! So you should go to a bookstore.

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They Saw Dallas as a Literary Hub, Then Got to Work Making It One

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[ The New York Times | 2024-04-25 09:05:49 UTC ]
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The Power of Books: Isobel Abulhoul on Engaging Young Readers

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