Keith Kelly of the New York Post is reporting that, a little more than a year after moving from the company’s flagship building at 60 Fifth Ave. to 90 Fifth Ave, the Forbes magazine staff will move back.
“The return represents a humbling change of course for Forbes, its chairman Steve Forbes and Elevation Partners, the private equity firm including U2 frontman Bono, which bought a minority stake in the company for a reported $250 million to $300 million in 2006.
“Steve put the building on the block the next year, in anticipation of building a new headquarters for Forbes Media. At the time, he said the company had “outgrown our space.”
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