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 ]
In December 1986, we covered the surprise announcement that Barnes & Noble had agreed to buy B. Dalton, cementing its position as the country’s largest bookstore chain. Continue reading at Publishers Weekly
[ Publishers Weekly | 2022-11-23 05:00:00 UTC ]
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Silicon Valley entrepreneurs Paul Bradley Carr and Sarah Lacy plan to open The Best Bookstore in Palm Springs in time for Black Friday. Continue reading at Publishers Weekly
[ Publishers Weekly | 2022-11-21 05:00:00 UTC ]
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The Bologna bookstore, Giannino Stoppani, was damaged by fire in May. Sharjah World Book Capital has contributed €50,000 to assist. The post Sharjah World Book Capital Supports a Fire-Damaged Italian Bookstore appeared first on Publishing Perspectives. Continue reading at Publishing Perspectives
[ Publishing Perspectives | 2022-11-08 12:43:42 UTC ]
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There was more than one moment in the depths of the pandemic that the decision to open a small town bookstore seemed like the absolute worst idea in the world—a monument to arrogance and self-indulgence. At first we couldn’t open. Then we didn’t feel right opening. Then a freak storm (and... Continue reading at Literrary Hub
[ Literrary Hub | 2022-11-07 09:54:32 UTC ]
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Literature Lovers Night Out, a speakers program launched in the Twin Cities in 2015, will return after a three-year interval to the Minneapolis suburbs by partnering on events with Cream & Amber in Hopkins, Minn. Continue reading at Publishers Weekly
[ Publishers Weekly | 2022-11-04 04:00:00 UTC ]
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The proprietor’s name is Amy (except that, of course, it isn’t). She’s a kind, petite woman in her forties, the owner of a ghost-themed bookstore in a small southern city. I won’t tell you which city. It’s for your own safety. This is, after all, a ghost story. And most importantly: it’s true.... Continue reading at Literrary Hub
[ Literrary Hub | 2022-10-31 08:57:03 UTC ]
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Celeste Ng, the author of three novels beloved by indie booksellers, was named the American Booksellers Association's inaugural bookstore ambassador, deputized to champion indies throughout the year. Continue reading at Publishers Weekly
[ Publishers Weekly | 2022-10-19 04:00:00 UTC ]
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The Hudson Valley-based Golden Notebook Bookstore will launch its publishing press next year with author Abigail Thomas's memoir 'Still Life at 80: The Next Interesting Thing.' Continue reading at Publishers Weekly
[ Publishers Weekly | 2022-10-18 04:00:00 UTC ]
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Tom Hanks—who previously spent time crushing a beloved indie bookstore with his discount big box chain (which was then probably crushed by Amazon and yes I am talking about his role in You’ve Got Mail and not his real life)—will publish a novel with Knopf this spring. The book, The Making of... Continue reading at Literrary Hub
[ Literrary Hub | 2022-09-27 15:17:38 UTC ]
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Nicole Sullivan, the owner of Denver's BookBar, a bookstore and wine bar that she founded in 2013, announced that she will close the store on January 31 to focus more on her other business, the Bookies. Continue reading at Publishers Weekly
[ Publishers Weekly | 2022-09-27 04:00:00 UTC ]
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Books are written in solitude, but writers do some of their finest work with crowds—in public talks, interviews, and events. The best moments from those strange, dramatic interactions often go missing, however: either they’re never recorded, or nobody will ever find the recordings. Fortunately,... Continue reading at Literrary Hub
[ Literrary Hub | 2022-09-14 09:05:43 UTC ]
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Strand Bookstore is taking the idea of the “status tote” to a whole new level and is now selling a special Bottega Veneta limited edition black tote back for $1,500. I hate it. Yes, we here at Lit Hub are definitely part of the Literary Tote Industrial Complex, which traffics in superficial... Continue reading at Literrary Hub
[ Literrary Hub | 2022-09-13 13:56:21 UTC ]
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Bookstore visits and author addresses were among the primary events for booksellers attending the California Independent Booksellers Alliance's conference this year. Continue reading at Publishers Weekly
[ Publishers Weekly | 2022-09-13 04:00:00 UTC ]
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There are very few things in the world that we at Electric Lit love more than bookstores, but one of those things is pets. We are absolutely obsessed with our furry friends. It only stands to reason that to our minds, there is no greater place in the world than a bookstore with a pet. […] The... Continue reading at Electric Literature
[ Electric Literature | 2022-09-05 11:00:00 UTC ]
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With design elements inspired by nearby Tiantai Mountain and the Haishan Islands, a new bookstore in Taizhou City (on China’s central coast) is putting all our cute little corner bookshops to shame. This article was posted in English but is essentially a long string of AI-translated... Continue reading at Literrary Hub
[ Literrary Hub | 2022-08-29 14:32:57 UTC ]
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Translated by Charlotte Whittle At some point in the last century, I arrived in Paris and that very day bought a copy of Madame Bovary in a bookstore called Joie de Vivre in the Latin Quarter. I stayed up nearly all night reading it and by dawn I knew what kind of writer I wanted […] Continue reading at Literrary Hub
[ Literrary Hub | 2022-08-29 08:52:14 UTC ]
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We talk with Jill and Adlai Yeomans, owners of White Whale Bookstore in Pittsburgh, Pa., which focuses on literary fiction. Continue reading at Publishers Weekly
[ Publishers Weekly | 2022-08-26 04:00:00 UTC ]
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I think every aspiring writer should work in a used bookstore. For a little while, at least. If nothing else, the ego death is electric. * I am lucky. A fellowship after my MFA has left me with all kinds of time to write and live out this romantic dream job. Ensconced in an Ann […] Continue reading at Literrary Hub
[ Literrary Hub | 2022-08-24 08:53:03 UTC ]
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The summer Christian Product Expo (CPE) took place in Lexington, Ky. Aug. 14-16, attracting 648 attendees, including Christian bookstore owners, publishers, authors, and agents for training sessions, product launches, and networking. Continue reading at Publishers Weekly
[ Publishers Weekly | 2022-08-24 04:00:00 UTC ]
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Almost 400 bookstores plan to participate in Bookstore Romance Day, a combination of virtual programming and national in-store events on August 20. Continue reading at Publishers Weekly
[ Publishers Weekly | 2022-08-19 04:00:00 UTC ]
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