Sony Building


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Here is how Pfizer’s sale-leaseback stacks up to other big deals

In 2016, Pfizer embarked on a daunting task: a search for both the buyer of its longtime two-building headquarters...

RXR joins Olayan on 550 Madison Avenue’s $300M redevelopment

RXR Realty has joined the local arm of Saudi Arabia’s Olayan Group on its $300 million repositioning of 550...

Sony Building might get landmarked

Preservationists who oppose the Sony Building’s planned $300 million renovation took a step forward in their bid to have the tower landmarked. The city’s Landmarks Preservation Commission voted on Tuesday to put the building...

“We’re not going to scrimp and save”: Owner of Sony Building aiming for rents of over $200 psf

The Sony Building is about to get a $300 million makeover, and owner Olayan America is hoping the changes will help command higher rents....

Olayan refinances Sony Building with four-year, $570M loan from ING Capital

Olayan America locked down a $570 million, four-year loan for the Sony Building, replacing a short-term bridge loan that...

CBRE wins assignment to lease 550 Madison: sources

About three months after negotiating a blockbuster deal to buy the former Sony Building for $1.4 billion, Olayan America...

What could have been: A look at the opulent condos once planned for the Sony Building

  Oh! What it seemed to be. Before deciding to sell the Sony Building at 550 Madison Avenue, the...

Olayan closes on Sony Building buy, gets $570M bridge loan

Saudi conglomerate Olayan Group closed on its $1.4 billion acquisition of the Sony Building at 550 Madison Avenue, receiving...

Chetrit may be first of many developers to pull the condo plug

The prospective residential conversion of the Sony Building at 550 Madison Avenue was once a symbol of the luxury...

The Saudis in the shadows: A look at the Olayan Group, the soon-to-be owners of the Sony Building

It’s a classic rags-to-riches story. An orphan from a small town mortgages his house to buy a handful of trucks, which allow him to...

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