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 ]
Poet, Translator, Mirror: A Conversation with Miho Kinnas, by Renee H. Shea Interviews [email protected] Tue, 12/05/2023 - 15:32 Two-time Pushcart Prize nominee Miho Kinnas recently published Waiting for Sunset to Bury Red Camellias, her third book... Continue reading at World Literature Today
[ World Literature Today | 2023-12-05 21:32:32 UTC ]
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The vandalism of an Indigo book store in Toronto illustrates the challenges that may come with both defining antisemitism, and when anti-Israel actions or sentiment cross the line from legitimate protest to hate. Continue reading at CBC
[ CBC | 2023-12-02 09:00:00 UTC ]
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‘How to Protect Bookstores and Why,’ the new book by The Raven bookstore co-owner Danny Caine, offers strategies for booksellers and their customers to keep indie stores kicking. Continue reading at Publishers Weekly
[ Publishers Weekly | 2023-12-01 05:00:00 UTC ]
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Let's unpack the psyche behind the shelf. Here are a few things to avoid saying to bookstore employees — from a former bookseller. Continue reading at Book Riot
[ Book Riot | 2023-11-30 11:31:00 UTC ]
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The bunny is having its book cover moment. If you don’t believe me, head to your closest bookstore and look for recent award winners: you’ll find Bora Chung’s Cursed Bunny, recently shortlisted for the National Book Award for Translated Literature, cozied up next to last year’s winner for... Continue reading at Literrary Hub
[ Literrary Hub | 2023-11-29 09:51:35 UTC ]
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The following essay by Tom Borders is excerpted from Among Friends: An Illustrated Oral History of American Book Publishing & Bookselling in the 20th Century, edited by Buz Teacher and Janet Bukovinsky Teacher (Two Trees Press). * In 1970, Louis Borders was working in a bookstore in Boston... Continue reading at Literrary Hub
[ Literrary Hub | 2023-11-28 09:49:05 UTC ]
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Montréal is a city of parallel universes, often most at ease ignoring each other. Across linguistic, cultural, and generational orbits, it’s also a city that’s shown tremendous appetite for German author Jenny Erpenbeck’s work, in great part due to De Stiil, an anglophone bookstore in the heart... Continue reading at Literrary Hub
[ Literrary Hub | 2023-11-15 10:00:51 UTC ]
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In bookstores' L.A. heyday, shops were as ubiquitous as a certain coffee chain is today. But we're no slouches today, even if the internet removed many stores' physical presences. Continue reading at Los Angeles Times
[ Los Angeles Times | 2023-11-14 16:00:50 UTC ]
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San Jose children's bookstore Hicklebee's has a new owner for the first time since its founding in 1979. As of midnight on October 31, sisters Monica Holmes and Valerie Lewis are handing the reins to Laura Gahrahmat, a newcomer to bookselling. Continue reading at Publishers Weekly
[ Publishers Weekly | 2023-10-31 00:00:00 UTC ]
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Get a backstage pass to the lives of Madonna, Tupac, and George Harrison in these biographies, which hit bookstore shelves this week. Continue reading at Publishers Weekly
[ Publishers Weekly | 2023-10-20 04:00:00 UTC ]
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The King's English Bookshop in Salt Lake City doubles down on supporting Drag Story Hours following a bomb threat, and is preparing to launch a new venture, Mosaics Community Bookstore and Venue. Continue reading at Publishers Weekly
[ Publishers Weekly | 2023-10-19 04:00:00 UTC ]
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This essay isn’t about World War II. But like any historical fiction writer publishing in 2023, it’s impossible to ignore the recent wave of WWII novels that fill bookstore shelves at the moment. As someone who reads and enjoys many of these books but has no desire to write one, I have a theory... Continue reading at Literrary Hub
[ Literrary Hub | 2023-10-17 08:45:05 UTC ]
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A Frankfurt-Paris Fellow, Karla Kutzner is the founder of Berlin's InterKontinental press with a bookstore and literature festival. The post Frankfurt Fellowships: Karla Kutzner, Germany’s InterKontinental appeared first on Publishing Perspectives. Continue reading at Publishing Perspectives
[ Publishing Perspectives | 2023-10-13 17:55:51 UTC ]
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These anthologies, which annually round up short works published during the prior year in a handful of genres and subject areas, hit bookstore shelves next week. Continue reading at Publishers Weekly
[ Publishers Weekly | 2023-10-13 04:00:00 UTC ]
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No Book Left Behind, by Alice-Catherine Carls Essay [email protected] Mon, 10/09/2023 - 15:35 Photo by Alexander Grey / UnsplashWelcome news to those of us in the “Flyover Zone”: our reading habits are healthy and well served. The Jackson Madison... Continue reading at World Literature Today
[ World Literature Today | 2023-10-09 20:35:50 UTC ]
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What if you went to the bookstore and saw no one on the shelves who looked like you? One couple is addressing that deficit for young Black children, supporting literacy and identity. Continue reading at The Christian Science Monitor
[ The Christian Science Monitor | 2023-09-29 13:58:26 UTC ]
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The Paris bookstore Chantelivre, owned by publisher L’École des Loisirs, has opened a 'House of Stories' where kids engage with narratives. The post Children’s Books Edition: L’École des Loisirs’ New ‘House of Stories’ appeared first on Publishing Perspectives. Continue reading at Publishing Perspectives
[ Publishing Perspectives | 2023-09-29 12:25:13 UTC ]
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The co-owner of San Francisco's Bookshop West Portal and founder of onetime Bay Area bookselling staple A Clean Well-Lighted Place for Books, died on September 6. Continue reading at Publishers Weekly
[ Publishers Weekly | 2023-09-18 04:00:00 UTC ]
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This month, TikTok's trends newsletter spotlighted a new book-related hashtag, #independentbookstore. We spoke with bookstore owners and staffers about the value the app has for booksellers. Continue reading at Publishers Weekly
[ Publishers Weekly | 2023-09-15 04:00:00 UTC ]
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In-person bookstore author events have returned as the pandemic has eased, but publishers have still scaled back tours and are requiring longer lead times for booking, resulting in a different kind of thinking about bookstore programming. Continue reading at Publishers Weekly
[ Publishers Weekly | 2023-08-25 04:00:00 UTC ]
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