By the time the first Artesias Building Materials unit was completed in 2008, the company was a $9 billion valuation.
Today, that valuation is around $22 billion.
And the $7 billion in revenue the company earned during the first quarter of 2019 is the largest in its history.
The company’s first foray into real estate in earnest came in 2011 with the $3 billion purchase of the former The Post Tower on the Upper West Side.
But that purchase was quickly followed by a $1 billion purchase by another New York-based real estate developer, MTS Partners.
A year later, MTA Partners purchased the former W. W. Sullivan Center in Midtown Manhattan for $3.5 billion.
That was followed by the $4.5 million purchase of Wollman Rink at the Javits Center in 2021.
That same year, Artesys partnered with real estate company, Zillow, to purchase the former U.S. Cellular Center in downtown Miami for $1.9 billion.
Artesies’ first acquisition, the $1,749 million renovation of the Empire State Building in 2013, was followed in 2019 by the purchase of The Washington Monument, a $4 billion investment by a Chinese investor, Wang Jianlin.
Artesia’s next major foray into the real estate business came in 2018 when it purchased the landmark Washington Monument for $250 million.
That investment was followed a year later by the acquisition of the famed White House, which brought the company’s total investment in Washington to $2.4 billion.
The company also partnered with Zillower to buy the former White House in 2018 for $8.7 billion.
In 2019, the firm’s first acquisition was the renovation of both the Capitol Dome and the National Mall.
That project brought the total investment to $4,935 million.
In 2019, Artys bought the former Capitol dome, and in 2020, it bought the National Memorial, the first and only building on the Mall.
In 2020, Artesian was also part of a $10 billion purchase for the National World War II Memorial by private investors.
In 2021, the Washington Monument was purchased by an investor, which the firm also sold to the private market.
In 2020, the Trump administration finalized its purchase of more than a dozen historic properties including the White House.
In the months that followed, the White, Capitol and the new National World Veterans Memorial were completed.
But the Trump Administration didn’t end there, as Artesians continued to build new projects on the monuments and the Capitol.
In 2017, the construction of the National Museum of African American History and Culture was completed and the Smithsonian Institution was renamed.
Artesian was purchased in 2019 from a private developer and later acquired by MTS, which is now a subsidiary of the larger global investment firm, MTR Capital Partners.
Arties was acquired by the New York City real estate group, Zoning Exchange Group, in 2021 for $2 billion.
In 2018, the developer bought the building formerly known as the World Trade Center from the United States Department of Energy.
In early 2019, it was announced that the company would be buying the former home of the Manhattan Institute for the Performing Arts for $100 million.
In 2018, Artosia purchased the West Village building, the former MetLife building and the former Hudson Yards development for $750 million.
And in 2019, they bought the landmark New York Times Building for $500 million.
Artosias acquisition of The New York Post Tower in 2021 was followed two years later by a second acquisition of New York’s oldest newspaper, The New Yorker.
In October 2021, it became the first real estate firm to buy and turn the historic Old Post Office building in Manhattan into a multi-use building.
In 2022, Artiosia bought the historic World Trade Tower and the historic Lower East Side Houses for $900 million.