OLD Media Moves

Forbes plans to sell HQ building in New York and move to new one

July 20, 2007

Posted by Chris Roush

Keith Kelly of The New York Post writes Friday that business magazine Forbes is putting its headquarters building in Greenwich Village up for sale and will likely build a new building somewhere else in New York.

Forbes buildingKelly wrote, “In a memo sent to Forbes Inc. employees yesterday, Chairman Steve Forbes said the company planned to announce today that it has retained Cushman & Wakefield to shop the building.

“He also said the company has already been in talks with ‘key developers’ about plans to create a new headquarters building in New York.

“The current building was built in 1923 for book publisher Macmillan in what was then largely a residential area of Greenwich Village, on lower Fifth Avenue near 12th Street. Forbes acquired the building in 1965 when Macmillan moved uptown.

“Currently, the headquarters building at 60 Fifth Ave. houses Forbes magazine, Forbes Life and a television studio. The company’s burgeoning Web business, Forbes.com, is at 90 Fifth Avenue.”

Read more here.

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