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 ]
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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Evan Friss’ The Bookshop, Katherine Bucknell’s Christopher Isherwood: Inside Out, and Alexis Pauline Gumbs’ Survival Is a Promise: The Eternal Life of Audre Lorde all feature among the best reviewed books of the month. Brought to you by Book Marks, Lit Hub’s home for book reviews. * 1. The... Continue reading at Literrary Hub
[ Literrary Hub | 2024-08-30 08:56:41 UTC ]
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A Manhattan-based real estate firm focused on film and digital content creation has plans for a new studio in Bushwick, records show.Founded in May 2023, Bungalow Projects filed paperwork with the Department of Buildings today to construct a 6-story production hub at 242 Seigel St. There has... Continue reading at Crains New York
[ Crains New York | 2024-08-26 17:21:58 UTC ]
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The story of the sale of a bookstore heiress’s penthouse seems to have ended on a bittersweet note.Stephanie Riggio Bulger, whose father, Len Riggio, is the former chairman of the Barnes & Noble retail chain, has finally found a taker for her four-bedroom duplex condo in Chelsea after two... Continue reading at Crains New York
[ Crains New York | 2024-08-22 15:41:31 UTC ]
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“Although Nazis were more famous for burning books, they also sold them.” Evan Friss on when the Nazis opened a propaganda bookstore in Los Angeles. | Lit Hub Bookstores Get ready for the literary film and TV you need to watch this fall. | Lit Hub Film “He was not one of those people who […] Continue reading at Literrary Hub
[ Literrary Hub | 2024-08-21 10:30:24 UTC ]
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In the first half of the twentieth century, radical bookstores took many forms and often served as part of larger, multichannel campaigns. Nazis, as well as Communists and Socialists, organized festivals and parades, dances and concerts, and schools and camps to disseminate critiques of American... Continue reading at Literrary Hub
[ Literrary Hub | 2024-08-21 08:56:24 UTC ]
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Bookstore Romance Day, held last Saturday, has grown to include 550 bookstores, up from 150 stores when it was founded in 2019. It now offers online events and giveaways from Libro.fm, in addition to in-store promotions. Continue reading at Publishers Weekly
[ Publishers Weekly | 2024-08-21 04:00:00 UTC ]
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Christie’s auction house is extending its sizeable lease at Rockefeller Center for another 25 years, landlord Tishman Speyer announced Tuesday. It’s a significant win for an older office complex whose peers have struggled to retain tenants.Christie’s American headquarters at 20 Rockefeller Plaza... Continue reading at Crains New York
[ Crains New York | 2024-08-20 15:35:35 UTC ]
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5 to 9 Books, a new online-only bookstore run through Bookshop.org and Libro.fm, aims to help burned out professionals and new retirees cope with the stresses of life by introducing them to new hobbies and feeding their passions. Continue reading at Publishers Weekly
[ Publishers Weekly | 2024-08-19 04:00:00 UTC ]
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The bookstore bar aspires to combine two beloved things: wine and stacks. Though people have been pairing vittles and pages as long as either have existed, the retail trend has taken off in recent years. As Melissa Kravitz Hoeffner reported in Eater this week, the book bar creates “a third... Continue reading at Literrary Hub
[ Literrary Hub | 2024-08-16 17:01:25 UTC ]
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