New home for Forbes

Last updated 08:23 17/01/2014

Relevant offers

World

Weta Workshop adds new smaller models to profitable collectibles business What you need to know about the next recession (starring Donald Trump) Australia's rich list: Apartment developers make up the young guns Google Paris HQ raided in tax evasion probe 'It's the end of energy and transportation as we know it' - Tony Seba Area360 launches Ticketure, in a bid to disrupt the major ticketing companies Perth kebab shop server challenged to a wrestling match for a free falafel Bookshop forced to close after single complaint Ugg-ly legal battle shapes up as Australian boot maker fights to use 'ugg' Nurofen-maker's A$1.7m fine should be A$6m, Australian watchdog says

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