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 ]
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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Independent bookstores in more than 30 cities across six continents will participate in the first synchronized Global Bookstore Crawl on April 26, coinciding with Independent Bookstore Day in the U.S. Continue reading at Publishers Weekly
[ Publishers Weekly | 2025-01-30 05:00:00 UTC ]
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The exclusive all-girls prep school on the Upper East Side that inspired the book series and TV show Gossip Girl is planning to expand into East Harlem, records show.Nightingale-Bamford, where tuition for its 716 students from kindergarten through 12th grade is $64,470 a year, has plans to... Continue reading at Crains New York
[ Crains New York | 2025-01-22 18:47:51 UTC ]
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Jennifer Rudolph Walsh and Victoria Jackson, the founders of Godmothers bookstore in California, discuss embracing the uncertainty of transitions, creating space for serendipity, and being open to surprises. Each time I walk into a bookstore I choose a book of poetry off the shelf and open it... Continue reading at Fast Company
[ Fast Company | 2025-01-08 10:30:00 UTC ]
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Online bookstore Allstora, founded by RuPaul, has partnered with actress and trans activist Dylan Mulvaney and Gus Kenworthy, an Olympic medalist in freestyle skiing, to launch two new book clubs, which will distribute 2,500 banned books to LGBTQ+ organizations across the country. Continue reading at Publishers Weekly
[ Publishers Weekly | 2024-12-17 05:00:00 UTC ]
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Penguin Random House will distribute all titles published by Boom! Studios, which it acquired this August, starting next July, taking over distribution to the bookstore trade from Simon & Schuster and to the direct market from Diamond Comic Distributors. Continue reading at Publishers Weekly
[ Publishers Weekly | 2024-12-11 05:00:00 UTC ]
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The Last Bookstore defies the e-commerce trend and prepares to open a new bricks-and-mortar outpost in Studio City. 'The desire of Gen Z to have physical media is part of it,' the owner says. Continue reading at Los Angeles Times
[ Los Angeles Times | 2024-12-05 11:00:05 UTC ]
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You can book a room in any hotel, but at the Library Hotel you can select which books will be in your room. On the fourth floor, far from the madding crowd downstairs enjoying the complimentary daily wine and cheese, guests can rest in a room filled with Russian novels. The sixth floor’s rooms... Continue reading at Crains New York
[ Crains New York | 2024-12-02 18:27:16 UTC ]
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There are a lot of lackluster traditions for the day before Thanksgiving: hitting your local bar at night, prepping yourself to face your cousin with the bad politics, going toe-to-toe with fellow procrastinators over that last bag of cranberries. I’d like to pitch a new tradition for your... Continue reading at Literrary Hub
[ Literrary Hub | 2024-11-27 18:17:12 UTC ]
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For deckled edges. For a good beginning and a better ending. For a bustling bookstore in full holiday swing. A reader gives thanks. Continue reading at Book Riot
[ Book Riot | 2024-11-27 16:00:00 UTC ]
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The nonprofit LGBTQ+ bookstore and community center Mosaics, located in Provo, Utah, needs support to keep its doors open after being a regular target of hate. Continue reading at Book Riot
[ Book Riot | 2024-11-26 13:00:00 UTC ]
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This bookstore has faced multiple bomb threats for hosting Drag Story Hours, and now it might shut down—but we can help it survive. Continue reading at Book Riot
[ Book Riot | 2024-11-26 12:15:00 UTC ]
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