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 ]
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The academic distribution arm of bankrupt U.K. distributor of United Independent Distributors has been acquired by the publishing services provider Mare Nostrum Group. Continue reading at Publishers Weekly
[ Publishers Weekly | 2024-08-20 04:00:00 UTC ]
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Marchant, who was previously director of marketing, strategy, and engagement at the Random House Group, will join Hachette Book Group on September 23. She succeeds Wibke Grutjen, who departed HBG this month to join Simon & Schuster. Continue reading at Publishers Weekly
[ Publishers Weekly | 2024-08-14 04:00:00 UTC ]
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Larry Silverstein, the developer behind the World Trade Center complex in Manhattan, is eyeing more opportunities uptown. The 93-year-old real estate mogul — who has largely focused on developing towers in downtown Manhattan — said he would consider expanding more in Midtown as... Continue reading at Crains New York
[ Crains New York | 2024-08-13 16:45:08 UTC ]
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Water exists on Mars, according to a team of geophysicists, and not just as ice on its poles or as vapor in its atmosphere. The scientists have found evidence of liquid water deep in its outer crust, based on their analysis of data provided by NASA's Mars Insight Lander. Specifically, they... Continue reading at Engadget
[ Engadget | 2024-08-13 12:00:54 UTC ]
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Demand is high for these books that mix scripture, inspirational messages, and steps for growing one’s faith. Continue reading at Publishers Weekly
[ Publishers Weekly | 2024-08-09 04:00:00 UTC ]
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From “AI-generated musical performances to robocall impersonations of political candidates to images in pornographic videos,” the report acknowledges that “a new era of sophisticated digital replicas has arrived.” Continue reading at Publishers Weekly
[ Publishers Weekly | 2024-08-01 04:00:00 UTC ]
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With J.D. Vance as the 2024 Republican vice-presidential candidate and 'Hillbilly Elegy' back on the bestseller list, the plight of America's working class is once again the subject of intense media scrutiny. Here are eight recent books worth reading on the subject. Continue reading at Publishers Weekly
[ Publishers Weekly | 2024-07-26 04:00:00 UTC ]
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Sourcebooks is expanding its reach into the indie bookseller sales channel by replacing commission reps with an in-house sales team. The Chicagoland-based publisher has poached Courtney Payne from Chronicle Books to lead the team as director of indie retail sales. Continue reading at Publishers Weekly
[ Publishers Weekly | 2024-07-23 04:00:00 UTC ]
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Ergonomics are important for your health, but standing desks and comfortable office chairs can feel like expensive luxuries. At least, they typically do. But during Amazon Prime Day 2024, you can sometimes snag big discounts on wildly popular desk and chair models. That’s true this... Continue reading at PC World
[ PC World | 2024-07-17 10:00:00 UTC ]
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Ergonomics are important for your health, but standing desks and comfortable office chairs can feel like expensive luxuries. At least, they typically do—but during Amazon Prime Day 2024, you can sometimes snag big discounts on wildly popular models. Right now the deals are starting... Continue reading at PC World
[ PC World | 2024-07-12 17:43:22 UTC ]
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A little more than three months after Small Press Distribution abruptly closed, leaving some 400 indie publishers without a trade distributor, publishers and distributors both are finally moving forward—even as damage assessment continues. Continue reading at Publishers Weekly
[ Publishers Weekly | 2024-07-02 04:00:00 UTC ]
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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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Former UFC and WWE champion Ronda Rousey will publish her first graphic novel next year. She said it's somewhat autobiographical, 'even though it didn't really happen.' Continue reading at Los Angeles Times
[ Los Angeles Times | 2024-06-25 14:14:00 UTC ]
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The cofounder and former CEO of Scribd envisions Created By Humans as a plug-and-play platform that will encourage AI companies to legally license content from authors and publishers. Continue reading at Publishers Weekly
[ Publishers Weekly | 2024-06-25 04:00:00 UTC ]
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Boston Properties has signed a new tenant to 360 Park Ave. South, a handsome but mostly vacant building whose co-owner sold its stake back to the developer earlier this year for $1.Ziff Davis agreed to relocate to corporate headquarters from 114 Fifth Ave. to the 20-story building at East 26th... Continue reading at Crains New York
[ Crains New York | 2024-06-18 16:59:09 UTC ]
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Roughly 30 members of the Oxford University Press USA Guild held a strike outside the publisher's U.S. headquarters in Manhattan on June 18 over stalled contract negotiations and allegations of labor law violations. Continue reading at Publishers Weekly
[ Publishers Weekly | 2024-06-18 04:00:00 UTC ]
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If you search for translated books all of them won’t come up in a library catalogue search. Continue reading at The Conversation
[ The Conversation | 2024-06-11 17:09:25 UTC ]
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A teacher’s class project on book access for kids becomes a national grassroots literacy movement. Continue reading at Publishers Weekly
[ Publishers Weekly | 2024-06-07 04:00:00 UTC ]
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As part of its efforts to force Spotify to be more transparent about how it pays authors, the Coalition of Concerned Creators commissioned a survey to discover how audiobook listeners felt about the service. It found mixed results. Continue reading at Publishers Weekly
[ Publishers Weekly | 2024-06-03 04:00:00 UTC ]
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The 'Frankfurt Connect' platform is intended to extend elements of the B2B experience of Frankfurter Buchmesse throughout the year. The post Frankfurter Buchmesse Is Building a ‘Frankfurt Connect’ Platform appeared first on Publishing Perspectives. Continue reading at Publishing Perspectives
[ Publishing Perspectives | 2024-05-23 14:31:28 UTC ]
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