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 the middle of the pandemic, City Lights bookstore is still open and it’s thriving. But yesterday it said goodbye to its eternally hip hundred-and-one-year-old cofounder, the poet, publisher, and community activist Lawrence Ferlinghetti. Continue reading at The Paris Review
[ The Paris Review | 2021-02-24 15:21:05 UTC ]
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Grow your future travel wishlist with a quick tour two bookstores in Seoul: its oldest bookstore as well as an underground bookstore. Continue reading at Book Riot
[ Book Riot | 2021-02-24 11:38:00 UTC ]
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Poet whose outlook spanned anarchism, ecology and small business, as founder of the City Lights Bookstore in San FranciscoLawrence Ferlinghetti, poet, artist, activist and founder of San Francisco’s famous City Lights Bookstore, who has died aged 101 of interstitial lung disease, was the least... Continue reading at The Guardian
[ The Guardian | 2021-02-23 22:42:13 UTC ]
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An unapologetic proponent of “poetry as insurgent art,” he was also a publisher and the owner of the celebrated San Francisco bookstore City Lights. Continue reading at The New York Times
[ The New York Times | 2021-02-23 20:23:41 UTC ]
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Ferlinghetti was the co-founder of the legendary City Lights bookstore and a champion of Allen Ginsberg and Jack Kerouac. Continue reading at Los Angeles Times
[ Los Angeles Times | 2021-02-23 18:50:28 UTC ]
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While we’re all still in varying levels of lockdown, here’s a new travel destination to dream about: Book and Bed Tokyo. Book and Bed is an “accommodation bookshop”: a bookstore first, hostel second, so avid readers don’t need to pay attention to the time while browsing. At each of Book and... Continue reading at Literrary Hub
[ Literrary Hub | 2021-02-23 16:53:41 UTC ]
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The acclaimed poet was longtime proprietor of City Lights, the San Francisco bookstore and avant-garde publishing house that catapulted the Beat Generation to fame. Continue reading at The Washington Post
[ The Washington Post | 2021-02-23 06:26:33 UTC ]
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Current Events On a visit to an Oklahoma City bookstore, Alex Crayon finds more than books. When I pulled into the snow-covered parking lot of Nappy Roots Books in northeast Oklahoma City, the first thing I noticed were the posters. Handwritten signs... Continue reading at World Literature Today
[ World Literature Today | 2021-02-22 21:59:22 UTC ]
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Self-care and non-fiction subscription box business Wildwoman has launched its own online bookstore to help cope with the pandemic's effects on business. Continue reading at The Bookseller
[ The Bookseller | 2021-02-16 04:31:10 UTC ]
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Chicago’s only Black woman-owned bookstore opened in the summer of 2019. Over the past two years, Semicolon has served as a vital and vibrant cultural hub and gallery space. Last summer, as the coronavirus began to tear through our country and small businesses had to close their doors, Semicolon... Continue reading at Literrary Hub
[ Literrary Hub | 2021-02-12 16:25:48 UTC ]
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Clara Villarosa, the founder of two iconic bookstores, the Hue-Man Experience in Denver and the Hue-Man Experience Bookstore & Cafe in New York City, will curate BIPOC books for the Tattered Cover Bookstore. Continue reading at Publishers Weekly
[ Publishers Weekly | 2021-02-10 05:00:00 UTC ]
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Is there anything better than (safe, socially distanced, double masked, sanitized) browsing at your local indie? I was having the crumbiest day the other day, and I passed by my local bookstore (the Greenlight on Flatbush, if you know it) as I was running errands. Well, I couldn’t not go in.... Continue reading at Literrary Hub
[ Literrary Hub | 2021-02-09 13:30:25 UTC ]
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Yesterday’s slate of Super Bowl commercials can be divided into two heavily-overlapping camps: cringey pop-culture nostalgia garbage fronted by stars you hoped were better than that, and expensive “unify the divided country through capitalism” garbage fronted by stars you hoped were better than... Continue reading at Literrary Hub
[ Literrary Hub | 2021-02-08 16:56:30 UTC ]
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At Philadelphia’s Uncle Bobbie’s Coffee & Books, bookstore manager Evisa Gallman sees a long future for herself in bookselling. Continue reading at Publishers Weekly
[ Publishers Weekly | 2021-02-05 05:00:00 UTC ]
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After 27 years, Jeff Bezos, the entrepreneur who turned an online bookstore into one of the most powerful companies in the world, announced his plans to step down as Amazon CEO. In an email to employees on Tuesday, Bezos said the transition will come in Q3, at which point he will become... Continue reading at AdWeek
[ AdWeek | 2021-02-02 21:43:59 UTC ]
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On February 2, 1922, Sylvia Beach, through her legendary bookstore and occasional imprint Shakespeare and Company, published the entirety of James Joyce’s modernist novel, Ulysses. (It was also Joyce’s 40th birthday.) Two years later, she sought to have at least some of it recorded in Joyce’s... Continue reading at Literrary Hub
[ Literrary Hub | 2021-02-02 15:29:36 UTC ]
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Some fun news (thank goodness!): China’s first 3D-printed bookstore has just been built in Shanghai and is scheduled to open to the public at the end of January. With a floor area of thirty square meters, it can accommodate fifteen readers at a time. The bookstore is in Wisdom Bay Innovation... Continue reading at Literrary Hub
[ Literrary Hub | 2021-01-28 16:35:33 UTC ]
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Given that we’re all justifiably afraid about the breath of others right now, it’s a weird time to be dating. While the warmer months at least offered the possibility of outdoor meetings, now it’s winter and, like all other things, dating has become an exercise in futility and endless Zoom... Continue reading at Literrary Hub
[ Literrary Hub | 2021-01-28 15:42:07 UTC ]
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More than twenty years ago, walking into a foreign bookstore in Tokyo, the first thing I noted was a slightly musty yet soothing scent. It came from the paper used for these books and magazines, which had been shipped from overseas—the paper either thicker or thinner, and certainly rougher, than... Continue reading at Literrary Hub
[ Literrary Hub | 2021-01-27 09:48:22 UTC ]
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JK Rowling is. John le Carré isn’t. Albert Camus and F. Scott Fitzgerald are. George Orwell might or might not be. I’m talking about registered trade marks. Authors make copyright works, and their agents’ job is to maximise revenues from those intangibles. End of story, right? Kind of. A... Continue reading at The Bookseller
[ The Bookseller | 2021-01-26 12:24:33 UTC ]
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