San Francisco’s Transamerica Pyramid sells for $650 million

By Noah Buhayar | Bloomberg
The Transamerica Pyramid, a fixture of San Francisco’s skyline for decades, has a new owner.
A group led by New York developer Michael Shvo’s namesake company and Deutsche Finance America said on Wednesday that it had completed its previously announced acquisition of the building from Aegon NV. The purchase price was $650 million for the 48-story tower and the surrounding complex, including a redevelopment site and a park with a grove of mature redwood tre