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    Olayan Group

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

    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
    The company secured a $570 million acquisition loan.
    • Event Office Leasing
    • Address 505 Park Avenue
    • Neighborhood Lenox Hill
    • Borough Manhattan
    • Square feet 24,453
    Private investment co. renews lease on 10th and 11th floor

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

    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...

    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...