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Forbes To Build New HQ in NYC

NEW YORK CITY-Forbes Inc. leaves its historic, eight-story headquarters for a roomier location to house all Forbes units under one roof.

By Natalie Dolce | Updated on July 20, 2007

NEW YORK CITY-Forbes has retained Cushman & Wakefield Inc. to pursue the sale of its headquarters building at 60 Fifth Ave., at 12th Street. As of now, Cushman & Wakefield can’t comment on any details involved in the deal.

In making the announcement yesterday, president and CEO Steve Forbes, who started at the magazine in 1971, said: “As with many other media companies, such as Conde Nast and the New York Times, the business has simply outgrown the building.” He added that the company is already working with a developer to create a new headquarters within New York City.

The Forbes building was constructed in 1924, is eight stories high, and built in the largely residential area of Greenwich Village, for book publisher Macmillan & Co. Forbes acquired the building in 1965 when Macmillan & Co. moved Uptown.

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