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 ]
A bookstore visit to address supply chain concerns and share top picks for the season. Continue reading at Publishers Weekly
[ Publishers Weekly | 2021-10-20 14:00:00 UTC ]
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The following bookstore profiles are from Bibliophile: Diverse Spines, by Jamise Harper and Jane Mount. * LOYALTY BOOKSTORE Silver Spring, Maryland, USA / Washington, DC, USA Instagram: @loyaltybooks What began as a pop-up shop has since become one of the most treasured bookstores in the... Continue reading at Literrary Hub
[ Literrary Hub | 2021-10-19 08:55:55 UTC ]
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Pittsburgh’s White Whale Bookstore celebrated its five-year anniversary on October 15 with something special: the grand opening of its newly expanded space. Continue reading at Publishers Weekly
[ Publishers Weekly | 2021-10-19 04:00:00 UTC ]
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Though Covid-19 isn't going anywhere and challenges remain, new independent bookstores are opening up and doing well. Continue reading at Publishers Weekly
[ Publishers Weekly | 2021-10-15 04:00:00 UTC ]
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“Silverview” features a young bookstore owner in an English seaside town, caught up in an investigation involving two cunning spymasters. Continue reading at The New York Times
[ The New York Times | 2021-10-11 09:00:03 UTC ]
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“Fitzgerald likes to rub rich people’s monstrousness against their beauty and thereby make sparks fly.” Andrew Martin and Benjamin Nugent discuss F. Scott Fitzgerald on his birthday. | Lit Hub Criticism Biographer Jacques Berlinerblau on why it matters that the literary world lacks critical... Continue reading at Literrary Hub
[ Literrary Hub | 2021-09-24 10:30:35 UTC ]
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For more than 20 years, I worked at the Booksmith, an independent bookstore located in the Haight Ashbury neighborhood of San Francisco. For half that time, I ran the events program. I worked with publishers in selecting authors, creating a monthly schedule, and banging the drum to make sure... Continue reading at Literrary Hub
[ Literrary Hub | 2021-09-24 08:50:35 UTC ]
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Aaliya's Books, a much-loved Beirut bookstore named for a character in a Rabih Alameddine novel, has lost the battle to stay open—for now. The post Aaliya’s Books Closes Amid Beirut’s Economic and Political Crisis appeared first on Publishing Perspectives. Continue reading at Publishing Perspectives
[ Publishing Perspectives | 2021-09-02 09:25:02 UTC ]
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Founded in October 2009 by Rebecca Fitting and Jessica Stockton Bagnulo, Greenlight Bookstore is an independent bookstore in Brooklyn, New York. Combining the best traditions of the neighborhood bookstore with carefully curated, community-minded events, Greenlight has earned a reputation as a... Continue reading at Literrary Hub
[ Literrary Hub | 2021-09-02 08:53:12 UTC ]
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Big news for booksellers, or even aspiring booksellers: The Times Union has reported that Owl Pen Books, a bookstore nestled in the hills of Washington County, is for sale, along with its 40,000 titles. As perhaps hinted by its location, it’s not just any bookstore: it’s a remodeled hog pen and... Continue reading at Literrary Hub
[ Literrary Hub | 2021-08-20 17:01:40 UTC ]
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A total of 39 employees at two locations of Greenlight Bookstore and one location of Yours Truly, Brooklyn, a stationery store, all located in Brooklyn, N.Y., have voted to join the Retail, Wholesale, and Department Store Union. Continue reading at Publishers Weekly
[ Publishers Weekly | 2021-08-17 04:00:00 UTC ]
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Bookstore sales skyrocketed 811% in June over a year ago, and finished the first half of 2021 with a 30% increase over the first six months of 2020. Continue reading at Publishers Weekly
[ Publishers Weekly | 2021-08-17 04:00:00 UTC ]
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Industry Notes: In Mexico, seven independent publishers form an alliance, and Spain's Liber program honors the 100-year-old Balmes bookstore. The post Industry Notes: Guadalajara Publishers and Bookstore Honors in Barcelona appeared first on Publishing Perspectives. Continue reading at Publishing Perspectives
[ Publishing Perspectives | 2021-08-13 20:06:29 UTC ]
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How do you make a book about bookstores even better? With a little romance, of course! Prepare to swoon over these bookstore romances, including Meet Cute Club by Jack Harbon. Continue reading at Book Riot
[ Book Riot | 2021-08-11 10:36:00 UTC ]
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A “kitchen anthropologist,” he created a mecca in Manhattan for chefs, writers, scholars, everyday cooks and anyone else who is, well, hungry for culinary knowledge. Continue reading at The New York Times
[ The New York Times | 2021-08-08 00:23:01 UTC ]
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After working a used bookstore for many years, I picked up some strange habits that I just can't seem to shake. Here are 5 of them. Continue reading at Book Riot
[ Book Riot | 2021-08-06 10:33:00 UTC ]
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Before Covid, A Good Used Book was a pop-up bookshop thriving across L.A. It's back to physical business this month — at the end of a long, hard road. Continue reading at Los Angeles Times
[ Los Angeles Times | 2021-08-05 13:00:28 UTC ]
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Well, this is kind of heartwarming. A full quarter-century after shuttering his old store in Bloomington, Indiana, Rick Morgenstern has opened what suddenly becomes the state’s largest independent bookstore. The reboot of the eponymous store has been in the works for years and is reopening in a... Continue reading at Literrary Hub
[ Literrary Hub | 2021-07-28 18:29:10 UTC ]
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The California Independent Booksellers Alliance announced that Ann Seaton, CALIBA’s former director of operations and Kristin Rasmussen, general manager of {pages} a bookstore in Manhattan Beach, have been appointed coexecutive directors of the association. Continue reading at Publishers Weekly
[ Publishers Weekly | 2021-07-26 04:00:00 UTC ]
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After four moves and 43 years as a hub for children’s books and visits by local and nationally renowned authors, The Children’s Bookstore is closing. Continue reading at Baltimore Sun
[ Baltimore Sun | 2021-07-23 20:26:06 UTC ]
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