Bankers relocate office to 26,000 s/f on Park Ave.Friedman, Billings, Ramsey Group, Inc. (FBR FBR Friedman, Billings, Ramsey Group, Inc. (investment firm) FBR Fast Breeder Reactor FBR Federal Benefit Rate FBR Foundation for Biomedical Research FBR Foundation for Blood Research FBR Fluidized Bed Reactor ), a top ten investment banking firm, has subleased 26,382 s/ f of prime office space at 299 Park Avenue from UBS UBS Union Bank of Switzerland UBS United Bible Societies UBS United Blood Services UBS United Buying Service UBS Used Bookstore UBS University Business Services UBS Universal Building Society (UK) UBS Ulaanbaatar Broadcasting System . FBR will relocate and expand its New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of office, currently at 555 Madison Avenue, to the new location. Matthew McBride of CB Richard Ellis CB Richard Ellis Group, Inc. NYSE: CBG is a multinational real estate corporation currently based in Los Angeles, California, U.S.A.. On December 20, 2006, the corporation, also known as CBRE, completed acquisition of Trammell Crow Co. in a transaction valued at $2. arranged the multi-faceted transaction on behalf of FBR. Cushman & Wakefield represented UBS in the negotiations. "After a highly focused search of space alternatives throughout the market, we were able to identify the UBS sublease opportunity at 299 Park Avenue as the ideal operating platform for the New York City New York City: see New York, city. New York City City (pop., 2000: 8,008,278), southeastern New York, at the mouth of the Hudson River. The largest city in the U.S. headquarters," said Mr. McBride. "The former UBS offices offered a perfect floor plate at one of the city's most prestigious business addresses. In addition, this transaction is another example of a recovering economy, as it represents a significant expansion by FBR in Manhattan." FBR will occupy the entire seventh floor of the 42-story, 1.05-millionsquare-foot office building located directly across the Waldorf Astoria Hotel on Park Avenue, between 48th and 49th Streets. Mr. McBride will be marketing the entire 25th floor space at 555 Madison Avenue for sublease on behalf of FBR. |
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