Hunting for office space before the pandemic, executives at ad agency Wellcom Worldwide were dismayed to encounter asking rents of $90 per square foot a year in Manhattan, which wound up being a deal-breaker. The company landed in far-cheaper Dumbo instead.But now, with Manhattan prices still below pre-Covid levels at many addresses, the same executives recently calculated that breaking their Brooklyn lease at 175 Pearl St. and venturing across the East River made financial sense.“It’s a different world in Manhattan now,” said David Bridges, the global CEO of the company. Earlier this year Wellcom relocated to an older, unfussy site with limited bells and whistles and a blend-into-the-background feel: the Class B commercial building 16 Madison Square West. The rent at the property near Madison Square Park was not only about half what Bridges was seeing pre-Covid but even slightly lower than what his firm was paying in Dumbo. “A major correction has occurred,” he added.Wellcom is not alone. Legal industry-focused software startups, music talent agencies, coffee-machine vendors and other tenants that have been based in the outer boroughs for years are now noticing that Class B’s, differentiated from Class A properties because they’re not as new or as amenitized, are priced right, a major factor in their decision to move to Manhattan, according to brokers, landlords and company executives.Indeed, a small but steady stream of midsize firms is packing up and relocating to... Continue reading at 'Crains New York'
[ Crains New York | 2024-11-25 10:48:24 UTC ]
Hunting for office space before the pandemic, executives at ad agency Wellcom Worldwide were dismayed to encounter asking rents of $90 per square foot a year in Manhattan, which wound up being a deal-breaker. The company landed in far-cheaper Dumbo instead.But now, with Manhattan prices still... Continue reading at Crains New York
[ Crains New York | 2024-11-25 10:48:24 UTC ]
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Photo by Laurel Chor and NPR NPR reports that this May, the printing press Factor Druk in the Ukrainian city of Kharkiv was devastated by a Russian missile attack, taking the lives of seven employees and wounding more than 20 others. The attack also destroyed thousands of books and much of the... Continue reading at Literrary Hub
[ Literrary Hub | 2024-07-18 17:02:49 UTC ]
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The Oklahoma-based arts-and-crafts retailer known for its ownership's conservative political leanings is coming soon to Manhattan.Hobby Lobby, which opened its first chain in the city on Staten Island in March, has now signed one of the largest leases in Manhattan so far this year, inking a deal... Continue reading at Crains New York
[ Crains New York | 2024-07-09 09:48:05 UTC ]
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With its divestiture program nearing completion, positive indicators in its research group, and ongoing generative projects, Wiley expects sales and earnings to bounce back in fiscal 2025. Continue reading at Publishers Weekly
[ Publishers Weekly | 2024-06-13 04:00:00 UTC ]
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Seven says decision purely commercial but Financial Review editor accuses rival company of ‘abuse of market power’ Follow our Australia news live blog for latest updatesGet our morning and afternoon news emails, free app or daily news podcastThe print edition of Nine’s Australian Financial... Continue reading at The Guardian
[ The Guardian | 2024-05-09 07:55:56 UTC ]
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Every Tuesday, a wave of new books is published, fresh off the printing press onto the shelves of bookstores around the world. Even for a book editor like me, it gets overwhelming to keep track of all the forthcoming titles. So we’ve turned to our most trusted source for recommendations: indie... Continue reading at Electric Literature
[ Electric Literature | 2024-02-29 12:00:00 UTC ]
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As with the printing press and the dotcom boom, initial frenzy and speculation obscures the lasting legacy of new technologies“Innovation,” wrote the economist William Janeway in his seminal book Doing Capitalism in the Innovation Economy, “begins with discovery and culminates in speculation.”... Continue reading at The Guardian
[ The Guardian | 2023-12-30 16:00:37 UTC ]
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During the Digiday Publishing Summit, the COO of VMG’s news and entertainment arm explained how its publishing business plans to bounce back over the next 12 to 18 months. Continue reading at Digiday
[ Digiday | 2023-09-20 04:01:00 UTC ]
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The framing of these stories of murder and mayhem have remained remarkably consistent since the invention of the printing press – and may reveal our own hidden fears and desires. Continue reading at The Conversation
[ The Conversation | 2023-08-07 13:03:29 UTC ]
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From the Gutenberg press to the word processor, a detailed trawl through the history of print offers lessons for the digital ageThe Gutenberg Parenthesis is a term coined by Danish scholar Lars Ole Sauerberg, who proposed that the history of literary culture as we had hitherto known it – the... Continue reading at The Guardian
[ The Guardian | 2023-08-02 11:00:02 UTC ]
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Long, long ago, a 1937 first edition of J.R.R. Tolkien’s The Hobbit was forged by a printing press and sold. For a time, it was lost to man, buried in the piles of donated inventory at the Cancer Research UK superstore in Dundee, Scotland, until manager Adam Carsley spotted the worn copy on the... Continue reading at Literrary Hub
[ Literrary Hub | 2023-07-12 15:27:21 UTC ]
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By Dr Oliver Tearle (Loughborough University) The printing press is one of the great inventions of the last millennium. It revolutionised how many people could read and own books, led to an explosion in the sheer number of books in the world, and helped to spread the word (quite literally) […] Continue reading at Interesting Literature
[ Interesting Literature | 2023-05-31 14:00:13 UTC ]
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Microsoft has called for the US federal government to create a new agency specifically focused on regulating AI, Bloombergreports. At a speech in Washington, DC attended by some members of Congress and non-governmental organizations, Microsoft vice chair and president Brad Smith remarked that... Continue reading at Engadget
[ Engadget | 2023-05-26 09:55:10 UTC ]
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The history of Project Gutenberg is connected to both the beginnings of the printing press as well as that of ebooks. Continue reading at Book Riot
[ Book Riot | 2023-03-15 10:35:00 UTC ]
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With attendance back to pre-pandemic levels, there was lots of energy at publishing’s premiere children’s fair. Continue reading at Publishers Weekly
[ Publishers Weekly | 2023-03-10 05:00:00 UTC ]
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The internet did not cause the insurrection. But it enabled it. The technology of any age in human history shapes the culture of that time. With the advent of agriculture and farming tools, humans developed stationary civilizations and abandoned thousands of years of itinerancy. The printing... Continue reading at Literrary Hub
[ Literrary Hub | 2022-10-07 08:59:43 UTC ]
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With the newspaper’s founder and senior editors jailed, other pro-democracy media outlets shut and 1,000 journalists out of work, can press freedom survive in the territory?Read more: ‘My career is finished, my friends are in prison and I’m an alien in my city’: life after Hong Kong’s Apple... Continue reading at The Guardian
[ The Guardian | 2022-06-24 05:01:07 UTC ]
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Penguin Random House worldwide chief executive Markus Dohle says he is "optimistic" about the future of the publishing industry, claiming "it's the best time in this business since Gutenberg invented the printing press". Continue reading at The Bookseller
[ The Bookseller | 2021-11-20 11:07:03 UTC ]
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While exhibitor and visitor numbers are expected to be well down on pre-pandemic figures, a number of trade professionals have indicated to The Bookseller that they will return to the Frankfurt Book Fair. But what will the new hybrid fair look like? Continue reading at The Bookseller
[ The Bookseller | 2021-10-01 09:11:26 UTC ]
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Judge says demonstration was ‘peaceful’ but impacted Murdoch, Mail, Telegraph and Standard titlesSix Extinction Rebellion protesters on trial for blockading the printing press of some of the UK’s biggest newspapers have been found guilty.The activists appeared at St Albans magistrates court on... Continue reading at The Guardian
[ The Guardian | 2021-07-16 12:17:11 UTC ]
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