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 ]
Pulitzer Prize-winning newspaper columnist and acclaimed author Anna Quindlen has sold her longtime Upper West Side home after almost three decades, records show.Quindlen—whose novels include her first, 1991's Object Lessons, and her latest, 2024's After Annie—parted ways with the 5-story... Continue reading at Crains New York
[ Crains New York | 2025-04-17 09:30:00 UTC ]
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The Fort Worth, Tex., bookstore has grown from a 120-sq.-ft. space inside a gourmet products shop to a full-service store in the city’s cultural district. But don’t talk politics. Continue reading at Publishers Weekly
[ Publishers Weekly | 2025-04-17 04:00:00 UTC ]
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Within months after this Oakland, Calif., bookstore was destroyed by fire last year, owner Brad Johnson had a new shop opened and focused on his mission of fostering curiosity, compassion, and intelligent critical thought. Continue reading at Publishers Weekly
[ Publishers Weekly | 2025-04-16 04:00:00 UTC ]
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At the Bremerton, Wash.–based bookstore, community building is the top priority. Continue reading at Publishers Weekly
[ Publishers Weekly | 2025-04-14 04:00:00 UTC ]
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For the poet and author, a winning agenda includes bookstore shopping, a stroll along the Santa Monica Pier and "Bridgerton"-style afternoon tea at the Peninsula. Continue reading at Los Angeles Times
[ Los Angeles Times | 2025-04-11 10:00:21 UTC ]
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The Sharjah SPC Free Zone-based Ingram Lightning Source installation opens a collaboration with Saudi Arabia's Rushd Bookstore program. The post Ingram’s Lightning Source Sharjah Partners With Saudi Arabia’s Rushd appeared first on Publishing Perspectives. Continue reading at Publishing Perspectives
[ Publishing Perspectives | 2025-04-10 22:32:33 UTC ]
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The most popular bookstore in the world, an aspirational lifetime reading plan, and more of the day's top book news. Continue reading at Book Riot
[ Book Riot | 2025-03-18 18:30:00 UTC ]
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Union employees at Greenlight Bookstore in Brooklyn have ratified a new contract that guarantees annual pay raises and provides more benefits that are designed to reduce turnover and reward skills developed on the job. Continue reading at Publishers Weekly
[ Publishers Weekly | 2025-03-14 04:00:00 UTC ]
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Revenue rose 2.1% in the third quarter at B&NE, with the college bookstore turning a net loss last year into a profit in the most recent period. Still, long term profitability remains elusive. Continue reading at Publishers Weekly
[ Publishers Weekly | 2025-03-12 04:00:00 UTC ]
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The young woman—young, though nearly forty—stood with her head bent slightly toward the window of McNally Jackson bookstore on Prince Street. She had stopped mid-stride, was on her way somewhere—was, in fact, late—and to see her father’s image in a bookstore window was not anymore such a new... Continue reading at Literrary Hub
[ Literrary Hub | 2025-03-03 09:18:50 UTC ]
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On July 30th, 2024, East Bay Booksellers in Oakland, California was completely destroyed by a fire. The bookstore (previously DIESEL, a Bookstore) had been in that location for thirty years. In the months that followed, its owner, Brad Johnson, began keeping a journal of thoughts. What follows... Continue reading at Literrary Hub
[ Literrary Hub | 2025-02-26 13:46:45 UTC ]
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Andrea Barrett on why writing fresh historical fiction means more than cosplaying the past. | Lit Hub Craft Bookstore owner Brad Johnson reflects on the total destruction, by fire, of East Bay Booksellers (and its rebirth!). | Lit Hub Bookstores Michael Hiltzik on how California made Ronald... Continue reading at Literrary Hub
[ Literrary Hub | 2025-02-26 11:30:54 UTC ]
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Matthew Teller, whose books include Nine Quarters of Jerusalem, said the society’s response to the event which saw two leading booksellers detained was ‘an abject failure’A writer has left the Society of Authors (SoA) in protest after the UK’s largest writers’ body made a statement on a recent... Continue reading at The Guardian
[ The Guardian | 2025-02-20 17:34:09 UTC ]
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Edward Underhill didn’t plan on having his debut adult fiction book, The In-Between Bookstore, featuring a trans main character, come out six days before the Trump inauguration, but it’s kind of perfect timing. Especially since the book features a time slip, where Darby Madden meets his younger... Continue reading at Electric Literature
[ Electric Literature | 2025-02-17 12:00:00 UTC ]
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An industry analyst on book sales trends to watch this year, plus Barbara Kingsolver builds a rehab center, bookstore weddings, and more. Continue reading at Book Riot
[ Book Riot | 2025-02-10 16:40:00 UTC ]
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This year’s authors range from debut stars to award-winning industry regulars, writing books in a range of categories and all certain to fly off bookstore shelves. Continue reading at Publishers Weekly
[ Publishers Weekly | 2025-02-07 05:00:00 UTC ]
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After a decade of downsizing, the beloved bookseller is seeing a resurgence thanks in part to TikTok’s #BookTok and a rise in so-called third spaces. January was a long month, but we finally have some good news in 2025: Bookseller Barnes & Noble plans to open at least 60 new stores this... Continue reading at Fast Company
[ Fast Company | 2025-02-03 20:30:00 UTC ]
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Hooray, a spot of good news! The Gotham Book Prize, given annually to recognize a new book about New York City, has just released its list of finalists. Formed in 2020 by Howard Wolfson of Bloomberg Philanthropies and Bradley Tusk, who owns the indie bookstore P&T Knitwear, the Gotham Prize... Continue reading at Literrary Hub
[ Literrary Hub | 2025-01-31 16:59:30 UTC ]
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