{"id":1004097545,"date":"2014-05-30T22:00:21","date_gmt":"2014-05-31T06:00:21","guid":{"rendered":"https:\/\/synd.yardi.com\/?p=265600"},"modified":"2022-12-13T00:06:02","modified_gmt":"2022-12-13T08:06:02","slug":"ubs-remains-loyal-to-iconic-550-biltmore","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/ubs-remains-loyal-to-iconic-550-biltmore\/","title":{"rendered":"UBS Remains Loyal to Iconic 550 Biltmore"},"content":{"rendered":"

\"\"<\/a>After a comprehensive search for an alternative in the neighborhood, UBS officials decided to renew the financial services firm\u2019s 43,500-square-foot office lease at 550 Biltmore.<\/p>\n

Located in downtown Coral Gables, 550 Biltmore is a 14-story, 162,293 square-foot Class-A office building featuring a pyramid configuration that allows for most suites to have a private balcony with conference-size terraces accessible through the larger offices. The building was awarded an Energy Star label for its operating efficiency.<\/p>\n

Taylor & Mathis, the exclusive leasing agent for 550 Biltmore finalized the 12 year lease renewal. \u00a0The transaction was brokered by Taylor & Mathis Director of Leasing, Ryan Holtzman and UBS broker, Tony Jones of Cushman & Wakefield.<\/p>\n

UBS has been the anchor tenant in the landmark building over the past fifteen years but \u2013 due to its relatively high vacancy rate compared to adjacent submarkets \u2013 Coral Gables currently has plenty of office space availble to entice tenants. Ryan Holtzman attributes the company\u2019s decision to stay, despite the tempting market, to the multi-million-dollar upgrades put through in the recent years by the owner of the facility, AEW Capital Management.<\/p>\n

\u201cThis gave us our best chance to renew UBS, which paid off,\u201d he says.<\/p>\n

The upgrades affected the common areas, the four high-speed elevators, the mechanical and HVAC systems including a full facelift of the lobby area. The improvements have earned the building the 2013 BOMA award for Renovated Building of the Year.<\/p>\n

Image source:\u00a0taylormathis.com<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

After a comprehensive search for an alternative in the neighborhood, UBS officials decided to renew the financial services firm’s 43,500-square-foot office lease at 550 Biltmore.<\/p>\n","protected":false},"author":35,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1492,21742],"tags":[1815],"class_list":["post-1004097545","post","type-post","status-publish","format-standard","hentry","category-miami","category-latest","tag-national"],"acf":[],"yoast_head":"\nUBS Remains Loyal to Iconic 550 Biltmore - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/ubs-remains-loyal-to-iconic-550-biltmore\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"UBS Remains Loyal to Iconic 550 Biltmore\" \/>\n<meta property=\"og:description\" content=\"After a comprehensive search for an alternative in the neighborhood, UBS officials decided to renew the financial services firm’s 43,500-square-foot office lease at 550 Biltmore.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/ubs-remains-loyal-to-iconic-550-biltmore\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2014-05-31T06:00:21+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-12-13T08:06:02+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2014\/05\/miami.jpg\" \/>\n<meta name=\"author\" content=\"Balazs Szekely\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/ubs-remains-loyal-to-iconic-550-biltmore\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/ubs-remains-loyal-to-iconic-550-biltmore\\\/\"},\"author\":{\"name\":\"Balazs Szekely\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/623e95293ca6c6791bedc7473f548d7f\"},\"headline\":\"UBS Remains Loyal to Iconic 550 Biltmore\",\"datePublished\":\"2014-05-31T06:00:21+00:00\",\"dateModified\":\"2022-12-13T08:06:02+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/ubs-remains-loyal-to-iconic-550-biltmore\\\/\"},\"wordCount\":241,\"commentCount\":0,\"image\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/ubs-remains-loyal-to-iconic-550-biltmore\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/synd.yardi.com\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2014\\\/05\\\/miami.jpg\",\"keywords\":[\"National\"],\"articleSection\":[\"Miami\",\"News\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/ubs-remains-loyal-to-iconic-550-biltmore\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/ubs-remains-loyal-to-iconic-550-biltmore\\\/\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/ubs-remains-loyal-to-iconic-550-biltmore\\\/\",\"name\":\"UBS Remains Loyal to Iconic 550 Biltmore - 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