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 ]
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 ]
More news stories like this
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 ]
More news stories like this
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 ]
More news stories like this
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 ]
More news stories like this
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 ]
More news stories like this
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 ]
More news stories like this
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 ]
More news stories like this
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 ]
More news stories like this
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 ]
More news stories like this
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 ]
More news stories like this
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 ]
More news stories like this
Letter to Salma, by Yousef Khanfar Literary Tributes [email protected] Wed, 08/09/2023 - 15:14 In the following tribute, Yousef Khanfar pens a letter to the eminent scholar Salma Khadra Jayyusi, laureate of the 2021 Palestine Prize for Literature,... Continue reading at World Literature Today
[ World Literature Today | 2023-08-09 20:14:32 UTC ]
More news stories like this
With lists on cute cryptids, decolonial SFF, trans comics, and more, these indie bookstore websites are as fun to browse as their shelves! Continue reading at Book Riot
[ Book Riot | 2023-08-08 10:32:00 UTC ]
More news stories like this
A part of Arkansas' Act 372 would make it a crime for booksellers and librarians to give minors certain state-disapproved books. The post A US Court Temporarily Blocks a Library and Bookstore Law appeared first on Publishing Perspectives. Continue reading at Publishing Perspectives
[ Publishing Perspectives | 2023-07-31 00:15:55 UTC ]
More news stories like this
Finding a Good Story in Every Corner: A Conversation with José Eduardo Agualusa, by Anderson Tepper Interviews [email protected] Mon, 07/24/2023 - 15:01 © Rosa CunhaOver the past fifteen years, I’ve had the pleasure of crossing paths with the... Continue reading at World Literature Today
[ World Literature Today | 2023-07-24 20:01:34 UTC ]
More news stories like this
Barnes & Noble will reopen its bookstore at The Avenue at White Marsh in a redesigned format on July 26, the bookseller announced Wednesday. It's one of several changes and new stores planned for the center. Continue reading at Baltimore Sun
[ Baltimore Sun | 2023-07-19 17:11:00 UTC ]
More news stories like this
An Asian American-owned bookstore in Manhattan’s Chinatown left gutted by a July fourth fire is getting flooded with support from the community, writers and celebrities Continue reading at ABC News
[ ABC News | 2023-07-07 18:01:56 UTC ]
More news stories like this
Yu and Me Books opened in December 2021 on Mulberry Street in Manhattan’s Chinatown, and was named for owner Lucy Yu’s mother. It was the first Asian-American woman-owned bookstore on the island. Following a July 4, 2023, fire in a neighboring residential unit, the store has lost most of its... Continue reading at Literrary Hub
[ Literrary Hub | 2023-07-07 15:59:28 UTC ]
More news stories like this
The woman and Asian American–owned bookstore, in the Chinatown neighborhood in Manhattan, will require a total renovation over the next year due to a fire in a residential unit above its premises. It topped its goal of $150,000 overnight. Continue reading at Publishers Weekly
[ Publishers Weekly | 2023-07-07 04:00:00 UTC ]
More news stories like this
Tattered Cover has named Brad Dempsey interim CEO of the Denver bookstore chain, replacing CFO Margie Keenan, who served as interim CEO after former CEO and co-owner Kwame Spearman left in April to start a political career. Continue reading at Publishers Weekly
[ Publishers Weekly | 2023-07-06 04:00:00 UTC ]
More news stories like this