Categories: OLD Media Moves

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

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.

Kelly 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.

Chris Roush

Chris Roush was the dean of the School of Communications at Quinnipiac University in Hamden, Connecticut. He was previously Walter E. Hussman Sr. Distinguished Professor in business journalism at UNC-Chapel Hill. He is a former business journalist for Bloomberg News, Businessweek, The Atlanta Journal-Constitution, The Tampa Tribune and the Sarasota Herald-Tribune. He is the author of the leading business reporting textbook "Show me the Money: Writing Business and Economics Stories for Mass Communication" and "Thinking Things Over," a biography of former Wall Street Journal editor Vermont Royster.