Real Estate Rumors: Olayan, HCA, NBA Players Association

By Andrew McIntyre (April 26, 2016, 11:02 AM EDT) -- A subsidiary of Saudi Arabia's Olayan Group is under contract to buy a New York Madison Avenue property for more than $1.3 billion, according to a report on Monday by The Real Deal that cited sources with knowledge of the deal. Olayan America is buying 550 Madison Ave., the former Sony Building, and is partnering with asset manager Chelsfield for the purchase, Real Deal said.

The National Basketball Players Association has sold a 25,000-square-foot New York building to the owners of Red Rooster Harlem for $21 million, Commercial Observer reported on Monday, citing public records. The deal is for 310 Lenox...

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