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 ]
Cofounded in Calle 24, San Francisco’s Latino cultural district, in 2021, the bookstore specializes in radical literature, poetry, and Spanish-language titles, and embodies the Mission District’s storied revolutionary spirit. Continue reading at Publishers Weekly
[ Publishers Weekly | 2024-04-16 04:00:00 UTC ]
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Founded in 1973, Antigone Books stands strong as a Tucson, Ariz., feminist landmark. Continue reading at Publishers Weekly
[ Publishers Weekly | 2024-04-15 04:00:00 UTC ]
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On March 10, 2016, I became a bookseller. I was on a quest to bring back a lost form of bookstore. The kind that offers a creative space for exchanging ideas and an enduring, steadfast haven. A diametric contrast to all things seasonal and ephemeral, to second-rate books flaunted on bestseller... Continue reading at Literrary Hub
[ Literrary Hub | 2024-04-03 08:54:29 UTC ]
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I first met Crystal Hana Kim at Women and Children First Bookstore in Chicago in 2017 for a book event, just after she just won the 2017 PEN/Robert J. Dau Short Story Prize for Emerging Writers. She greeted me with warm enthusiasm and we spoke about Korean history. Her debut novel, If You Leave... Continue reading at Literrary Hub
[ Literrary Hub | 2024-04-02 08:54:17 UTC ]
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Vroman’s Bookstore will close its Hastings Ranch Vroman’s location in Pasadena on May 12, saying that it was “unable to reach an agreement with the property owner” due to “increasing occupancy expenses.” Continue reading at Publishers Weekly
[ Publishers Weekly | 2024-03-27 04:00:00 UTC ]
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There’s nothing quite like finding six new releases on display in a bookstore – all of which you’ve written, and none of which has your name on itA few years back, a long-held dream of mine came true: a book I wrote became a runaway hit.You’ve probably read the book. You’ve definitely seen the... Continue reading at The Guardian
[ The Guardian | 2024-03-11 14:00:31 UTC ]
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Just as Engadget was hitting publish on its first posts, I was putting a freshly minted English degree to use working at an indie bookshop in Los Angeles. In seemingly unrelated news, Amazon had just reported its first profitable year after switching from selling books to selling “everything”... Continue reading at Engadget
[ Engadget | 2024-03-08 14:15:57 UTC ]
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Another new residential development is on its way to Gowanus, more than two years after the neighborhood's rezoning.Developer Michael Khoo is planning a project at 557 Third Ave., located between 14th and 15th streets in the Brooklyn neighborhood, that will span about 30,000 square feet with 41... Continue reading at Crains New York
[ Crains New York | 2024-03-05 18:08:04 UTC ]
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There’s a new online bookstore in town—and this time it’s helmed by RuPaul. Yes, that RuPaul. (Reading being, after all, fundamental.) Allstora, announced today*, is a membership-based bookstore that offers a profit-split to authors. RuPaul serves as Allstora’s Chief Creative Officer and... Continue reading at Literrary Hub
[ Literrary Hub | 2024-03-04 16:45:28 UTC ]
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With its award ceremony coming up in May, the British Book Awards program has released its bookstore and small-press shortlists. The post The UK’s Nibbies: Small Press and Bookstore Shortlists appeared first on Publishing Perspectives. Continue reading at Publishing Perspectives
[ Publishing Perspectives | 2024-03-04 16:24:55 UTC ]
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The star, whose show “RuPaul’s Drag Race” has an international following, is one of the founders of a new online bookstore promoting underrepresented authors. The giveaways are part of its outreach. Continue reading at The New York Times
[ The New York Times | 2024-03-04 15:05:30 UTC ]
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Book Rack is the second San Gabriel Valley bookstore to face a reckoning this year. The owner of Vroman's in Pasadena put the store up for sale because he wants to retire. Continue reading at Los Angeles Times
[ Los Angeles Times | 2024-02-26 11:00:30 UTC ]
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This was a regular feature of my childhood, though it feels so long ago and far away, conceptually as well as literally, that I nearly forgot it ever happened: I’d go into town to the mall with my mom, and she’d drop me at the doors of the Borders or Barnes and Noble while she […] Continue reading at Literrary Hub
[ Literrary Hub | 2024-02-19 09:55:59 UTC ]
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The Ripped Bodice knows the romance genre inside and out — and they revealed the swoon-worthy books to read right now. Continue reading at HuffPost
[ HuffPost | 2024-02-13 10:45:18 UTC ]
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Private equity investor James Rhee, author of 'Red Helicopter,' suggested ways to amplify a bookstore or brand’s intangible qualities, and conflict resolution specialist William Ury, author of 'Possible,' advised booksellers on how to deal with people's differences "constructively." Continue reading at Publishers Weekly
[ Publishers Weekly | 2024-02-13 05:00:00 UTC ]
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It’s fashion week in New York City, which (alas) doesn’t usually concern us all that much here at Literary Hub. But last night, Anna Sui introduced her fall 2024 collection, entitled “WHODUNNIT!!!,” with a runway show at iconic bookstore The Strand—to best set the stage for its literary... Continue reading at Literrary Hub
[ Literrary Hub | 2024-02-12 18:52:59 UTC ]
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Ewan MacGregor's marvelous mustache, a legendary California bookstore is up for sale, and Florida is (sigh) at it again. Continue reading at Book Riot
[ Book Riot | 2024-02-08 15:42:21 UTC ]
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Vroman’s is a community landmark in Pasadena, Calif. Now, its longtime owner says he’s ready to turn over the reins. Continue reading at The New York Times
[ The New York Times | 2024-02-08 14:22:44 UTC ]
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Two investment firms led by Canadian billionaire Gerald Schwartz—an Indigo board member, husband of founder Heather Reisman, and the company's majority owner—has made an offer to acquire the remaining shares of Canada's largest bookstore chain. Continue reading at Publishers Weekly
[ Publishers Weekly | 2024-02-05 05:00:00 UTC ]
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Wear these fun bookish Valentine's Day sweatshirts to go out to pick up your latest bookstore or library finds and more. - Kelly Jensen Continue reading at Book Riot
[ Book Riot | 2024-01-29 11:30:00 UTC ]
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