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 ]
After word spread that Costco was planning to sell books in only the final three months of each year beginning in 2025, various sources now say the mass merchandiser has committed to keeping bookstore sections year-round in 100 of its more than 600 locations. Continue reading at Publishers Weekly
[ Publishers Weekly | 2024-11-25 05:00:00 UTC ]
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The Retail, Wholesale and Department Store Union organized a rally outside the Barnes & Noble flagship store in New York City’s Union Square on November 14 in an effort to push the company into resolving disagreement on wages and reaching a contract with workers by the end of the year. Continue reading at Publishers Weekly
[ Publishers Weekly | 2024-11-15 05:00:00 UTC ]
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Minnesota's first Black woman–owned indie bookstore has changed hands five months after owner Dionne Sims announced that she intended to sell. The new owner—a self-described artist, academic, and an activist—will identify herself at an open house event at the store next week. Continue reading at Publishers Weekly
[ Publishers Weekly | 2024-11-14 05:00:00 UTC ]
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North America, especially U.S. airport stores, is becoming a major growth engine for the U.K.-based bookstore chain. Sales in North America rose 9% in fiscal 2024, to £401 million. Continue reading at Publishers Weekly
[ Publishers Weekly | 2024-11-14 05:00:00 UTC ]
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How does a bookstore know it's almost Halloween? When the horror shelves are a ghost town. Here are a handful of terrifying new titles you should bring home to haunt you this All Hallow’s Eve. Continue reading at Publishers Weekly
[ Publishers Weekly | 2024-10-29 04:00:00 UTC ]
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To celebrate the news that there is another romance bookstore opening—Friends to Lovers in Alexandria, VA—I have a list of ... Continue reading at Book Riot
[ Book Riot | 2024-10-28 11:30:00 UTC ]
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I work as the bookstore manager for a bookstore in the Hudson Valley and one of the things that means is that I handle not only the ordering of most of our books, but the unboxing of them as well. I get to put hands (or at least eyes) on basically every book that comes […] Continue reading at Literrary Hub
[ Literrary Hub | 2024-10-24 14:25:11 UTC ]
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In The Bookshop: A History of the American Bookstore, history professor Evan Friss explores how bookstores have shaped reading, publishing, politics, and community, beginning in the 18th century. I talked with Friss about the value of indie bookstores, the bygone dominance of Barnes & Noble,... Continue reading at The Millions
[ The Millions | 2024-10-22 12:00:00 UTC ]
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If you find your keys tend to go missing just as you need to leave the house (and particularly when you’re already late), Bluetooth tracker can help. Attach these handy fobs to your keys, wallet, jacket, purse, bag or whatever else you need to get going. Some trackers even rely on vast networks... Continue reading at Engadget
[ Engadget | 2024-10-22 09:00:48 UTC ]
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Yu & Me Books, located in the heart of Manhattan's Chinatown, has become a literary haven for immigrant authors and writers of color. Continue reading at HuffPost
[ HuffPost | 2024-10-21 15:07:34 UTC ]
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A Guide to Bookstore Customers, Award-Winning Fantasy, MId-Century Queer Romance, and More in Today's Best Book Deals Continue reading at Book Riot
[ Book Riot | 2024-10-20 12:00:00 UTC ]
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A massive industrial complex in Bushwick that once served as a bread-making facility and bakery is slated for the wrecking ball to make way for one of two sprawling production studios a firm plans in the borough, records show.Manhattan-based real estate firm Bungalow Projects, which is focused... Continue reading at Crains New York
[ Crains New York | 2024-10-11 17:17:08 UTC ]
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The owner of the bookstore Bettie’s Pages in Lowell, Mich., is “an outspokenly progressive voice running a small business successfully in a conservative small town” and a tireless advocate for the freedom to read. Continue reading at Publishers Weekly
[ Publishers Weekly | 2024-10-10 04:00:00 UTC ]
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Two sisters, Barbara Cerda and Valeria Cerda, the co-owners of La Revo Books, a pop-up bookstore in Milwaukee, were named MIBA's booksellers of the year for 202. The two founded La Revo in 2021 to sell Spanish-language literature. Continue reading at Publishers Weekly
[ Publishers Weekly | 2024-10-07 04:00:00 UTC ]
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American myths and monsters, goddesses in Greek myth, a bookstore stuck in the past, and more of today's best book deals Continue reading at Book Riot
[ Book Riot | 2024-09-27 15:11:57 UTC ]
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The feminist bookstore, founded in 1979, has been named the Great Lakes Bookstore of the Year by the Great Lakes Independent Booksellers Association. It is the inaugural recipient of the award. Continue reading at Publishers Weekly
[ Publishers Weekly | 2024-09-27 04:00:00 UTC ]
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A global hotelier has scored a Manhattan home near where his company first put down roots.Richard Chiu, founder of the chain Warwick Hotels and Resorts, whose initial acquisition in 1980 was Midtown’s Warwick Hotel, purchased the three-bedroom condo on Columbus Circle for $17.3 million,... Continue reading at Crains New York
[ Crains New York | 2024-09-24 17:00:13 UTC ]
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Plus the second annual Banned Wagon tour, books about books, gifts for indie bookstore lovers, and more today on Book Riot. Continue reading at Book Riot
[ Book Riot | 2024-09-23 13:45:00 UTC ]
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On Saturdays in late ’90s, my father, a taxi driver, would pool his tips for the week and take me, a child too precocious for his own good, to a local bookstore in search of my next read. Together, we silently wandered the store, picking up paperbacks and inspecting their pages. On shelves that... Continue reading at Literrary Hub
[ Literrary Hub | 2024-09-17 08:55:21 UTC ]
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A sweetly situated bookstore and its bookseller in France leads Richard Charkin to speculate on job titles in publishing. The post Richard Charkin in France: What’s in a Name? appeared first on Publishing Perspectives. Continue reading at Publishing Perspectives
[ Publishing Perspectives | 2024-08-30 19:45:11 UTC ]
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