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    Olayan Group

    505 Park Avenue
    New York, NY 10022
    (212) 750-4800
    Website

    Olayan America, the U.S. investment arm of Olayan Group, is a family-led investment firm founded by the late Suliman Olayan and chaired by his son Khaled. The firm acquired the 37-story, 853,000-square-foot Midtown office tower, at 550 Madison Avenue, in 2016.

    • Event Financing
    • Address 550 Madison Avenue
    • Neighborhood Midtown
    • Borough Manhattan
    • Square feet 852,830
    • Price $ 570,000,000
    • Publication Date 07/01/2016
    • Event Date 05/15/2016
    • Party 1 Olayan Group
    • Party 2 ING Capital
    notes
    The company secured a $570 million acquisition loan.
    • Event Office Leasing
    • Address 505 Park Avenue
    • Neighborhood Lenox Hill
    • Borough Manhattan
    • Square feet 24,453
    notes
    Private investment co. renews lease on 10th and 11th floor

    02/24/2017
    In April, for example, the Chetrit Group and David Bistricer sold the Sony Building to Saudi investor Olayan Group for $1.4 billion...

    02/01/2017
    JLL also had a strong year, piling up 13 deals for its $3.2 billion total and jumping up one spot on the ranking. But its overall showing was boosted by one big deal: representing the Olayan Group and Chelsfield on their $1.4 billion Sony Building acquisition in June...

    12/29/2016
    The owners, Joseph Chetrit’s Chetrit Group and David Bistricer’s Clipper Equity, pulled the plug on a 96-unit, Robert A.M. Stern-designed condominium conversion of the upper floors of the iconic 37-story property at 550 Madison Avenue. When Olayan America, the U.S. investment arm of Olayan Group, entered contract in April, construction had already begun on the 170-key New York Masterpiece Hotel...
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