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Olayan Group
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.
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08/01/18
...ultimately sold the building to Saudi Arabia’s Olayan Group for $1.4 billion in 2016. The new owners wanted to give the tower’s lower floors...
06/12/18
...to requests for comment.
RXR recently partnered with Olayan Group for a $300 million redevelopment of the Sony Building at 550 Madison Avenue and teamed with...
04/12/18
...their condo conversion plans and sold it to Olayan Group and Chelsfield for $1.4 billion.) Eastdil Secured brokered the 2013 sale, and CBRE brokered Sony’s...
04/09/18
...and then sold the tower as-is to the Olayan Group for about $1.4 billion in 2016.
Now it’s pulled off something similar in the Bronx...
04/05/18
...joined the local arm of Saudi Arabia’s Olayan Group on its $300 million repositioning of 550 Madison Avenue.
RXR invested an undisclosed sum to become...
12/22/17
...s Yoron Cohen, who represented the Saudi firm Olayan Group in its $1.4 billion purchase of the Sony Building at 550 Madison Avenue in 2016.
“It’s...
...s Yoron Cohen, who represented the Saudi firm Olayan Group in its $1.4 billion purchase of the Sony Building at 550 Madison Avenue in 2016.
“It’s...
11/28/17
...the current owners, a division of Saudi Arabia-based Olayan Group, disclosed plans for a massive renovation that includes undulating glass curtain wall. The first...
10/08/17
...condos and selling the office for $1.4 billion to Olayan Group.
– E.K. Hudson...
03/16/17
...This 2016 profile of the Olayan Group took a closer look at the Sony Building owner. The firm may list its...
03/16/17
...changed course and sold the tower to the Olayan Group in 2016.
Bistricer argued that it's too early to judge Kushner and Anbang's $4 billion price...
02/24/17
...Bistricer sold the Sony Building to Saudi investor Olayan Group for $1.4 billion. The partners had been planning to convert the upper floors of the...
02/10/17
...to Olayan America, a division of Saudi conglomerate Olayan Group...
...was boosted by one big deal: representing the Olayan Group and Chelsfield on their $1.4 billion Sony Building acquisition in June. Aside from that, JLL...
...at JLL than at Cushman. (Aside from representing Olayan Group and Chelsfield on their $1.4 billion Sony Building acquisition, JLL’s biggest NYC deal in...
01/31/17
...penthouse at 220 Central Park South.
Last year, the Olayan Group, a Saudi blue-chip investor with a stake in the Related Companies, bought the Sony...
01/23/17
...is the Sony Building at 550 Madison Avenue, which Olayan Group and Chelsfield acquired for $1.4 billion, or $1,647 per square foot, last year after Chetrit Group...
01/06/17
...sales deals of the year.
JLL represented the Olayan Group and Chelsfield, the buyers of the $1.4 billion Sony Building last year. It also brokered...
12/30/16
...the Sony Building at 550 Madison Avenue to the Olayan Group for $1.4 billion...
12/22/16
...of Manhattan trophy office towers, with Cohen representing Olayan Group in its $1.4 billion purchase of the Sony Building. Colliers has long struggled to compete...
12/05/16
...billion in deals in 2015. Cohen, for example, represented Olayan Group in its $1.4 billion purchase of the Sony Building. Colliers, by contrast, ranked 19th with...
12/05/16
...the $1.4 billion sale of the Sony Building to Olayan Group (where Cohen represented the buyer).
In The Real Deal’s latest ranking of investment...
11/07/16
...to sell the building for $1.4 billion to the Olayan Group. The Saudi investment firm will continue to operate it as an office property.
Insiders...
11/02/16
...ultimately selling the office property to Saudi investor Olayan Group for a more than $1.3 billion sum. Many observers cited the softening luxury condo market...
- 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
- Publication Date 06/01/2005
- Event Date 04/22/2005
- Party 1 Glorious Sun-505 Park
- Party 1 Brokerage Cushman & Wakefield
- Party 1 Broker Paul Amrich
- Party 2 Olayan Group
- Party 2 Brokerage Staubach Company
- Party 2 Broker Paul Revson
notes
Private investment co. renews lease on 10th and 11th floor
Manhattan, 10022
Chelsfield Group, OAC 550 OWNER LLC
Chelsfield Group, OAC 550 OWNER LLC
The sponsor(s) filed plans on 12/08/14 for a condo project at 550 Madison...
02/24/17
...Bistricer sold the Sony Building to Saudi investor Olayan Group for $1.4 billion. The partners had been planning to convert the upper floors of the...
...was boosted by one big deal: representing the Olayan Group and Chelsfield on their $1.4 billion Sony Building acquisition in June. Aside from that, JLL...
Manhattan, 10022
Chelsfield Group, OAC 550 OWNER LLC
Chelsfield Group, OAC 550 OWNER LLC
The sponsor(s) filed plans on 12/08/14 for a condo project at 550 Madison...
