Olayan earns preservation award for 550 Madison transformation
The Olayan Group has been awarded the New York Landmarks Conservancy Chairman’s Award for its preservation for the landmarked office tower 550 Madison. Olayan was...
Tag : Sony Building
LPC approves 550 Madison renovation
The New York City Landmarks Preservation Commission (LPC) has approved a new design for 550 Madison, the landmark former Sony Building in East Midtown. Following...
Olayan Group looks to breathe new life into 550 Madison
One of the city’s youngest landmarks is gearing up for a facelift. The Olayan Group wants to spruce up the street-level design of 550 Madison...
550 Madison gets landmark designation
The city’s Landmark Preservation Commission has designated the former Sony Building at 550 Madison Avenue a landmark. Calling the 37-story office tower a leader in...
Olayan America refinances Sony Building with $570M loan
Olayan America has closed a $570 million loan to refinance the Sony Building. ING Capital led the refinancing as administrative agent. Other lenders for the...
Olayan secures $570M bridge loan for Sony Building purchase
Olayan America has secured a $570 million bridge loan for its $1.3 billion purchase of the Sony Building. ING Capital said it originated the senior...
Chetrit backtracks on Sony condo plan, sells to office venture for $1.45B
The Chetrit Group has reversed its plan to turn the Sony Building at 550 Madison into uber luxury condos and instead sold the property for...
Futterman unveils 25,000 s/f retail showcase at former Sony Building
The Chetrit Group has tapped RKF to bring 25,000 s/f of retail space at the former Sony Building at 550 Madison to market. Sony will...
Chinese bankroll $600M Sony Building loan
The Cherit Group’s $1.1 billion purchase of the Sony Building, which closed on March 8, has secured $925 million in bridge acquisition financing arranged by...