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Old June 1st, 2011, 07:00 PM   #541
RobertWalpole
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http://therealdeal.com/newyork/artic...eenwich-street

UBS in talks to anchor 3 World Trade Center

June 01, 2011 09:00AM
Larry Silverstein and a rendering of 3 WTC Switzerland's largest lender, UBS AG, is in talks to move its Stamford, Conn.-based U.S. investment bank to Larry Silverstein's planned 3 World Trade Center tower by 2015. A source told Bloomberg News that the bank, which currently has New York City offices at 299 Park Avenue and 1285 Sixth Avenue, would take around 800,000 square feet at the 71-story, 2.1 million-square-foot skyscraper, which will have an alternate address of 175 Greenwich Street and is one of four that Silverstein is planning for the site. UBS completed the move to its Stamford facility, which houses the world's largest trading floor, in 2002, but with its offices an hour from Manhattan, the bank is at somewhat of a competitive disadvantage when it comes to attracting talent. According to Bloomberg's source, UBS has already moved some staffers from its equities and investment banking units to other office locations in New York City. A spokesperson for the bank said it currently has some 3 million square feet of office space under lease in the tri-state area. [Bloomberg]
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Old June 1st, 2011, 08:14 PM   #542
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That seems like a good omen for 3WTC. With time other big corporate organizations will follow step.
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Old June 1st, 2011, 08:38 PM   #543
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Yes! That's great news!
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Old June 1st, 2011, 09:11 PM   #544
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That's awesome news! I hope it happens.
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Old June 1st, 2011, 09:12 PM   #545
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Looks like the 2009 projection for this building were wrong.
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Old June 1st, 2011, 11:15 PM   #546
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Nothing is certain yet, but it must be pretty serious when they go to the press with this.
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Old June 2nd, 2011, 02:20 AM   #547
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A little humor is never harmful.

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Old June 5th, 2011, 05:43 PM   #548
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image hosted on flickr

New York Helicopter Tour 25 by david_shankbone, on Flickr
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Old June 5th, 2011, 07:51 PM   #549
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Anymore news regarding the pre let or is it still just rumors?
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Old June 5th, 2011, 11:34 PM   #550
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Quote:
Originally Posted by Hull View Post
Anymore news regarding the pre let or is it still just rumors?
The talks must be pretty well along if it's found its way to Bloomberg News, and much more than just preliminary chatter. Silverstein has a year until he has to order the steel and all that, and the Conde Nest deal at WTC 1 took months to sign and iron out the details. The WTC and first Hudson Yards tower can offer lower rents than other new office buildings, so they should line up tenants before other office buildings.
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Old June 6th, 2011, 10:03 AM   #551
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Thank you for that detailed reply,

Much appreciated,
Tom
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Old June 6th, 2011, 06:30 PM   #552
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http://www.crainsnewyork.com/article...TATE/306059999

New York's gain is Connecticut's tragedy
UBS may move staff from Stamford to 3 World Trade Center.
Print Email Reprints Comment By Amanda Fung
June 5, 2011 5:59 p.m.
inShare.0 2Share Reports that Swiss banking giant UBS may be moving staff to 3 World Trade Center in lower Manhattan from Stamford, Conn., may be good news for the office market here. But such a shift could represent a huge setback for Stamford, where the central business district has a total of 7 million square feet of office space, at least one-seventh of it occupied by UBS, according to Cushman & Wakefield Inc.

“A tenant of that magnitude would clearly have a negative affect on vacancies and a whole host of things,” said Jay Hruska, executive vice president at Cushman & Wakefield, who has no knowledge of UBS' future plans. “UBS is clearly one of the largest tenants in the district.”

He notes that, as of the first quarter, the Connecticut business district already had a vacancy rate just shy of a whopping 25%, up one percentage point from a year earlier.

Robert Sammons, vice president of research services at Cassidy Turley, added that a move by UBS would buck a tide that lately had begun to turn in Stamford's favor. Starwood Hotels & Resorts Worldwide is scheduled to take 250,000 square feet next year, and Louis Dreyfus recently leased 66,000 square feet.

“The Stamford market had much more difficulty recovering [from the downturn] than Manhattan,” Mr. Sammons said. Another major local employer is Royal Bank of Scotland, which was taken over by the British government in 2009 after sustaining immense losses.

On the bright side, Mr. Hruska points out that much of the district's vacancy stems from a single empty 582,000-square-foot building empty at 695 E. Main St. The building is owned by bankrupt Lehman Brothers. If that property were excluded from the calculations, the area's vacancy rate would be 14.4%, he said.

A version of this article appeared in the June 6, 2011 print issue of Crain's New York
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Old June 6th, 2011, 07:01 PM   #553
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UBS has the world's largest trading floor at Stamford. They'd have to scale back a bit to squeeze into 3WTC but at the rate their traders are getting picked off by rivals...

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Old June 6th, 2011, 08:52 PM   #554
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^Jesus that's a lot of people. How many floors of 3WTC would they take up if this deal went through?
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Old June 6th, 2011, 09:17 PM   #555
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They plan to lease 800k sf, which is about 38% of the 2.1m sf tower.
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Old June 6th, 2011, 10:11 PM   #556
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Quote:
Originally Posted by azn_man12345 View Post
^Jesus that's a lot of people. How many floors of 3WTC would they take up if this deal went through?
About half of the tower above the base..
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Old June 7th, 2011, 03:39 AM   #557
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Quote:
Originally Posted by desertpunk View Post
UBS has the world's largest trading floor at Stamford. They'd have to scale back a bit to squeeze into 3WTC but at the rate their traders are getting picked off by rivals...

What is UBS?
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Old June 7th, 2011, 06:50 AM   #558
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UBS is a premier global financial services firm offering wealth management and other services. Although centralized in European nations, UBS offers services around the globe.
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Old June 7th, 2011, 02:28 PM   #559
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amazing tower is so huge
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Old June 8th, 2011, 01:17 AM   #560
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Looks like the second tower crane is immanent.

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