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 little additional advice to self-published authors on maintaining successful relationships with indie booksellers. Continue reading at Publishers Weekly
[ Publishers Weekly | 2019-08-19 12:00:51 UTC ]
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I own a 19-year-old copy of Vladimir Nabokov’s Invitation to a Beheading. I place its age from the barcode on its back, which states the name of the bookstore where I bought it: Borders.The one that used to sit on the ground floor of the World Trade Center, the one I’d been to multiple times […] Continue reading at Literrary Hub
[ Literrary Hub | 2019-08-19 08:50:43 UTC ]
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At a shop that at times functioned as a sanctuary after the Tree of Life shooting, the owner sees his job as “a moral obligation.” Continue reading at The New York Times
[ The New York Times | 2019-08-18 09:00:09 UTC ]
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For a second year, the Hay Festival works with a Dallas bookstore to stage a smaller event parallel to the Hay's Mexico festival at Querétaro. The post Hay ‘Forum’ Dallas Programming Announced for September appeared first on Publishing Perspectives. Continue reading at Publishing Perspectives
[ Publishing Perspectives | 2019-08-14 05:50:28 UTC ]
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Forget Coors Light versus Bud Light. The most compelling alcohol brand battle this summer is Truly against White Claw, the two dominant brands in the sizzling-hot alcoholic seltzer category. Neither is owned by brewing behemoths Anheuser-Busch InBev or MillerCoors, which have struggled to... Continue reading at Advertising Age
[ Advertising Age | 2019-08-12 08:00:00 UTC ]
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James Daunt fought Amazon and rescued the country’s biggest bookstore chain. Now comes Chapter 2. Continue reading at The New York Times
[ The New York Times | 2019-08-08 10:00:05 UTC ]
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Punny cozy mystery titles have always been among the most fun on bookstore and library shelves. Here are twelve new cozies with puns to make you laugh. Continue reading at Book Riot
[ Book Riot | 2019-08-07 10:38:11 UTC ]
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Enter to win a $100 gift card to spend at The Ripped Bodice, the only romance-exclusive bookstore in the United States! Continue reading at Book Riot
[ Book Riot | 2019-08-01 10:31:56 UTC ]
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Before it was an agency, Imprint Projects was a bookstore founded by art curators and exhibition programmers Adam Katz, Dina Pugh and David Kramer. The chops they honed in those positions working across culture and retail formed the roots of what’s now a full-service creative shop that... Continue reading at Advertising Age
[ Advertising Age | 2019-08-01 02:15:00 UTC ]
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Tinged with love and sadness, Marjan Kamali’s new novel ‘The Stationery Shop’ is an ode to an Iran that no longer exists. Continue reading at The Christian Science Monitor
[ The Christian Science Monitor | 2019-07-28 22:04:19 UTC ]
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Tinged with love and sadness, Marjan Kamali’s new novel ‘The Stationery Shop’ is an ode to an Iran that no longer exists. Continue reading at The Christian Science Monitor
[ The Christian Science Monitor | 2019-07-28 22:04:19 UTC ]
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Tinged with love and sadness, Marjan Kamali’s new novel ‘The Stationery Shop’ is an ode to an Iran that no longer exists. Continue reading at The Christian Science Monitor
[ The Christian Science Monitor | 2019-07-28 22:04:19 UTC ]
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Critical Linking, a daily roundup of the most interesting bookish links from around the web is sponsored by Libro.FM. “Today, ... Continue reading at Book Riot
[ Book Riot | 2019-07-26 10:30:14 UTC ]
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The New York Times books section today featured a lovely profile by J. D. Biersdorfer of Birchbark Books & Native Arts, the Minneapolis bookstore owned by National Book Award-winning writer Louise Erdrich which provides indigenous-language guides, literature and crafts, alongside the latest... Continue reading at Literrary Hub
[ Literrary Hub | 2019-07-25 17:50:55 UTC ]
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Critical Linking, a daily roundup of the most interesting bookish links from around the web is sponsored by Libro.FM. “Despite ... Continue reading at Book Riot
[ Book Riot | 2019-07-25 10:30:48 UTC ]
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The Ripped Bodice bookstore announced a new award: The Ripped Bodice Awards for Excellence in Romantic Fiction. Check out the panel of judges! Continue reading at Book Riot
[ Book Riot | 2019-07-24 19:31:39 UTC ]
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Solid State Books is Washington, D.C.’s newest book store serving the H Street neighborhood. Co-owners Jake Cumsky-Whitlock and Scott Abel met while working in another D.C. bookstore back in 2004. In 2017, they teamed up to create Solid State Books with a commitment to dynamic programming and... Continue reading at Literrary Hub
[ Literrary Hub | 2019-07-19 08:45:53 UTC ]
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In this week’s episode of A Phone Call From Paul, Paul Holdengraber and John Waters discuss his new memoir, Mr. Know-It-All (or as he describes, a “self-help book for lunatics,” what he’s reading this summer, and his experience working for Mary Oliver at her bookstore in Provincetown. From the... Continue reading at Literrary Hub
[ Literrary Hub | 2019-07-18 08:48:16 UTC ]
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Powell’s employees were among a group on Monday night that protested a reading at the bookstore by Blake Nelson, a Portland author whose recent work and public statements have drawn on extremist right-wing rhetoric. Nelson’s newest book, The Red Pill—published by Bombardier Books in... Continue reading at Literrary Hub
[ Literrary Hub | 2019-07-17 18:00:11 UTC ]
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The Tokyo-based bookstore chain is announcing a second venue in the United Arab Emirates, the Dubai store having opened in 2008. The post Japan’s Kinokuniya Announces 33rd Overseas Bookstore in Abu Dhabi appeared first on Publishing Perspectives. Continue reading at Publishing Perspectives
[ Publishing Perspectives | 2019-07-16 05:30:52 UTC ]
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