A historic Midtown building is up for auction after years of financial trouble.The Charles Scribner’s Sons Building, which opened in 1913, is set to be auctioned off Wednesday after it went into foreclosure late last year. The building is the former home of publisher Charles Scribner’s Sons’ bookstore and offices, where authors such as F. Scott Fitzgerald and Ernest Hemingway met with their editors. Located at 597 Fifth Ave., the building is hitting the auction block along with the neighboring 3 E. 48th St.Thor Equities, run by developer Joe Sitt, bought both 597 Fifth and 3 E. 48th in 2011 for $108.5 million. Thor combined the ground-floor retail spaces and took out a $105 million mortgage from lender UBS in 2014. But after retail tenant Lululemon, an exercise brand, moved out, Thor defaulted on the loan in 2020. Thor continued to rent out the retail portion of the building, however; it is currently occupied by fashion brand Club Monaco.In late 2024, the value of the mixed-use building had declined by 37% in one year, appraised at just $53 million, Morningstar said in a report. The building’s court-appointed manager, JLL, claimed in court documents that the roof was leaking and needed costly repair after Thor allegedly effectively abandoned the property without performing legally mandated maintenance work.Judge Andrea Masley ruled in December that the lender could foreclose on the properties with a judgment of $140.4 million plus interest. The properties will be sold at... Continue reading at 'Crains New York'
[ Crains New York | 2025-04-29 18:48:19 UTC ]
The author of “How to Sell a Haunted House” learned the hard way that standing at the front of a mostly empty bookstore is no fun. Continue reading at The New York Times
[ The New York Times | 2023-02-09 10:00:26 UTC ]
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Every bookstore has regulars, but no bookstore has such a wide and eccentric cast of recurring characters as New York’s Strand. To work there, as I did for one memorable year, is to know them: the sellers, the hagglers, the unyielding optimists checking in at the information desk for the... Continue reading at Literrary Hub
[ Literrary Hub | 2023-02-07 09:57:29 UTC ]
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This year's American Booksellers will open on February 20 in Seattle with a range of bookstore tours introducing booksellers to an assortment of the city’s independent shops. Continue reading at Publishers Weekly
[ Publishers Weekly | 2023-02-03 05:00:00 UTC ]
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Authors, booksellers, publishers, distributors, and others with ties to the book industry are invited to nominate their favorite bookstores and sales representatives for PW's annual Bookstore and Sales Rep of the Year Awards. Deadline for submissions is March 1. Continue reading at Publishers Weekly
[ Publishers Weekly | 2023-02-02 05:00:00 UTC ]
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The world’s fastest-selling memoir is merely an episode in a soap opera in the Sussexes’ adopted Californian hometownOn the day Prince Harry’s controversial, headline-grabbing memoir Spare officially became the fastest-selling non-fiction book in history, the bookstore in his adoptive hometown... Continue reading at The Guardian
[ The Guardian | 2023-01-21 14:25:09 UTC ]
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“I never thought I’d be one of those people,” she said. T Kira Madden and I were sitting in the private room of a fancy strip-mall restaurant in Albany, New York, and I was eating a very expensive salad. Earlier that afternoon, we had given a reading at a local bookstore with T Kira’s... Continue reading at Electric Literature
[ Electric Literature | 2023-01-19 12:05:00 UTC ]
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Greenlight Bookstore welcomes Will Alexander, finalist for the 2022 Pulitzer Prize in Poetry, to introduce Divine Blue Light, his new collection of poems from the intersection between surrealism and afro-futurism, where Césaire meets Sun Ra. Will Alexander’s poems constitute an alternative... Continue reading at Literrary Hub
[ Literrary Hub | 2023-01-12 09:52:43 UTC ]
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An independent book shop in Wiltshire, England has become an internet hit after its creative window display of the Duke of Sussex's memoir. Continue reading at HuffPost
[ HuffPost | 2023-01-10 19:17:34 UTC ]
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Remember Ray’s Occult Books, the rundown Manhattan bookstore opened by an unmoored Ray Stantz between Ghostbusters I and II following the city of New York serving him and his fellow ghostbusters with a judicial restraining order for the property damage incurred during their city-saving battle... Continue reading at Literrary Hub
[ Literrary Hub | 2023-01-09 16:53:03 UTC ]
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With its bookstore on the ground floor and its library upstairs, India's Trilogy serves a loyal following: 'Getting books is our only headache.' The post Mumbai’s Bookstore and Library Trilogy: An Eighth Anniversary appeared first on Publishing Perspectives. Continue reading at Publishing Perspectives
[ Publishing Perspectives | 2023-01-09 13:28:28 UTC ]
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Here’s a piece of good literary news to start the year: a new independent bookstore named after the legendary Octavia E. Butler is opening in Pasadena, California, where the late Sci-Fi icon was born and raised. I took the leap and quit my job to open my very own bookstore. Octavia’s Bookshelf... Continue reading at Literrary Hub
[ Literrary Hub | 2023-01-03 17:31:27 UTC ]
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The company has signed a lease for office space at 200 St. Paul Place, the publisher announced in a memo sent to staff Thursday afternoon. Continue reading at Baltimore Sun
[ Baltimore Sun | 2022-12-29 18:03:18 UTC ]
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Imagine walking into a bookstore looking for books with a bonkers plot when you see it: the Bananapants Plot section. A dream! Continue reading at Book Riot
[ Book Riot | 2022-12-27 11:35:00 UTC ]
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It’s always been about access for Jeffrey and Pamela Blair. The couple founded EyeSeeMe African American Children’s Bookstore in St. Louis in 2015 because, when homeschooling their four children, they couldn’t find high-quality books that contained fully realized Black characters and presented... Continue reading at Publishers Weekly
[ Publishers Weekly | 2022-12-16 05:00:00 UTC ]
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Independent book store Book Keeper will continue to hold Drag Queen Story Time after protests. Continue reading at CBC
[ CBC | 2022-12-13 09:00:00 UTC ]
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On Sundays, author Roxane Gay explores her favorite L.A. book shops, art galleries and movie theater with comfy seats. Continue reading at Los Angeles Times
[ Los Angeles Times | 2022-12-11 13:00:46 UTC ]
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Pluck any classic novel from a bookstore shelf and it will most likely feature an introduction by a contemporary writer. Especially inspired pairing of authors can imbue an old text with new relevance, highlight its enduring influence, or even become a new selling point for a backlist title. Continue reading at Publishers Weekly
[ Publishers Weekly | 2022-12-09 05:00:00 UTC ]
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A prized center of Arabic language, culture, and literature in London is closing amid mounting economic and post-Brexit challenges. The post London’s Al Saqi Bookstore Is Closing, Ending a 44-Year Run appeared first on Publishing Perspectives. Continue reading at Publishing Perspectives
[ Publishing Perspectives | 2022-12-06 02:05:02 UTC ]
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92ND STREET Y Give your special event the extraordinary and versatile venue it deserves at 92nd Street Y. Year after year, people in the know come to 92nd Street Y to host corporate conferences, meetings, film screenings, award shows, private parties, graduations, photo shoots and more. After... Continue reading at Crains New York
[ Crains New York | 2022-12-05 10:00:00 UTC ]
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Readers dream about owning their own bookstore. So let's indulge in the fantasy: design a bookstore and get a matching book recommendation! Continue reading at Book Riot
[ Book Riot | 2022-12-01 11:32:00 UTC ]
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