Forbes Media LLC’s effort to find a buyer is running into trouble, with one potential bidder officially out of the running and two others no longer in active talks, people with knowledge of the matter said.
The surge of office demand from New York’s technology, media and fashion companies is rapidly depleting the supply of affordable space in the city, especially in lower Manhattan, according to brokerage Studley Inc.
McGraw Hill Financial Inc. plans to move about 250 employees to lower Manhattan as it leaves the Midtown building that bears its name, becoming the latest information-related company to depart the area.
Conde Nast Publications Inc., the publisher of Vogue and Golf Digest magazines, signed a lease to move its headquarters to downtown Manhattan’s 1 World Trade Center, slated to be the western hemisphere’s tallest building.
Conde Nast Publications Inc. reached a tentative agreement to move its headquarters to 1 World Trade Center, the skyscraper rising at the lower Manhattan site of the 2001 terrorist attacks, two people familiar with the deal said.
Linda Wells, founding editor-in- chief of Conde Nast’s Allure Magazine discusses New York Fashion Week hit shows and how a thriving beauty business has kept Allure magazine reaping advertising revenue even as other magazines failed to weather economic downturns. Wells also discusses the divergent performances of Michael Kors and Coach stocks and the incipient Marc Jacobs initial public offering. Wells speaks with Bloomberg’s Vonnie Quinn on Bloomberg Radio’s "The Hays Advantage."