New home for Forbes

Last updated 08:23 17/01/2014

Relevant offers

World

Samsung forecasts drop in profits as Galaxy S6 sales disappoint Cops raid home of Subway's Jared Fogle How a chaotic Grexit could wipe out $2.1 trillion in global M&A Greece faces last chance to stay in euro as cash runs out A chance to follow Shackleton offered by Antarctic Heritage Trust Pacific trade talks said to resume, a sign deal may be near UK HSBC bank staff sacked for Islamic State beheading prank Greece: Banks to stay shut and may run out of money before Eurozone decision Greece, eurozone lawmakers negotiate new bailout proposals Australian consumer watchdog scrutinises Monster Slide

Forbes magazine is leaving its historic New York City headquarters and moving hundreds of employees to New Jersey.

Forbes Media, which publishes the magazine, announced on Wednesday that it has secured office space in the Newport area of Jersey City. Forbes plans to relocate by the end of this year. The exact date has not been determined.

The move comes after New Jersey's Economic Development Agency approved a US$27.1 million ($32.6m) incentive over 10 years for Forbes.

Forbes sold its Fifth Avenue building in Greenwich Village to New York University in 2010 but kept a five-year lease on the property it occupied since 1962.

Forbes will keep an office in New York. The company says it's in the final stages of securing space in the city.

Ad Feedback

- AP

Special offers

Featured Promotions

Sponsored Content