Sony Building


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550 Madison Avenue (Credit: Google Maps)

Sony Building in talks with anchor tenant

The former Sony Building’s much-hyped and long-delayed revitalization is close to snagging its first big tenant. Boutique investment bank Perella Weinberg Partners — perhaps the most expensive startup in Wall Street history when it...

Sony Building in talks with anchor tenant
Here is how Pfizer’s sale-leaseback stacks up to other big deals

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...

Here is how Pfizer’s sale-leaseback stacks up to other big deals
RXR joins Olayan on 550 Madison Avenue’s $300M redevelopment

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...

RXR joins Olayan on 550 Madison Avenue’s $300M redevelopment
Sony Building might get landmarked

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...

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

“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....

“We’re not going to scrimp and save”: Owner of Sony Building aiming for rents of over $200 psf
Olayan refinances Sony Building with four-year, $570M loan from ING Capital

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...

Olayan refinances Sony Building with four-year, $570M loan from ING Capital
CBRE wins assignment to lease 550 Madison: sources

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...

CBRE wins assignment to lease 550 Madison: sources
What could have been: A look at the opulent condos once planned for the Sony Building

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...

What could have been: A look at the opulent condos once planned for the Sony Building
Olayan closes on Sony Building buy, gets $570M bridge loan

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...

Olayan closes on Sony Building buy, gets $570M bridge loan
Chetrit may be first of many developers to pull the condo plug

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...

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

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