San Francisco’s iconic Transamerica Building has been sold for the first time. The pyramid-shaped tower was acquired for close to $700 million by a partnership led by New York developer Michael Shvo, according to two people familiar with the transaction. The deal closed Monday, the sources said. Transamerica, which has owned the 850-foot tall building since it was constructed in 1972, put it on the market in August. Major bidders soon emerged, including New York-based
source https://therealdeal.com/2020/02/04/san-franciscos-iconic-transamerica-building-sold-for-700m/
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