San Francisco’s most iconic tower is being sold, amid the city’s woes
Real Estate
For the second time in six years, the Transamerica Pyramid — the slender spire that has long stood as the defining silhouette of San Francisco’s skyline — is poised to change hands again, a move that underscores ongoing fragility in the city’s commercial real estate sector. A joint venture led by developer Michael Shvo and Deutsche Finance America has agreed to sell the 48-story tower and adjacent buildings to Cyprus-based Yoda Plc, according to Bloomberg. Those people, who declined to be named
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