Categories: OLD Media Moves

Forbes building still for sale, but now with lower price

Keith Kelly of the New York Post writes Wednesday that the Forbes headquarters building in New York remains for sale, with the asking price now at $100 million.

Kelly writes, “When the 145,000-square-foot headquarters at 60 Fifth Ave. in Greenwich Village first went on the market in July 2007, real estate broker Cushman & Wakefield was expecting it to fetch a lofty $140 million.

“At one point late last year, in siders said that the company was close to a deal with a developer who had plans to convert the building to a multi-use retailing and residential condo structure.

“‘But they went away,’ said a source.

“The latest rumor inside regarding the building is that speculators have disappeared, but a deep-pocketed educational institution remains interested.”

Read more here

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