advanced search 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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- 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
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 Chetritâs Chetrit Group and David Bistricerâs 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...